Program Services

(1) The Program shall also provide Program Services in the form of technical assistance, education and consulting services to Qualifying Businesses that may or may not be making Application for Loans under the Program. Program Services shall include, but shall not be limited to, financial counseling, assistance with the packaging of loan proposals, developing strategies for improved cash flow management, implementing internal financial management systems, and strategic planning, conducting pertinent training workshops and seminars, certifying Qualifying Businesses and identifying procurement opportunities with state, federal, and local government systems. SMALL AND MINORITY-OWNED BUSINESS ASSISTANCE PROGRAM CHAPTER 1700-6-1 Rule 1700-6-1-.13, continued (2) All providers of Program Services shall be selected on a competitive basis. Program service providers shall have a demonstrated record of providing assistance to small and minority-owned businesses. (3) General training and educational services funded through the Program shall be coordinated by the Program Administrator. Annually, the Program Administrator shall develop and submit to the Department for approval a proposed training program that includes, but is not limited to, strategic planning, and conducting pertinent training workshops and seminars. The proposal, which may be modified by the Department, shall include the budget required to fund the training program. Upon approval by the Department, the Program Administrator shall implement the program. (4) Service provided to specific Qualifying Businesses. Upon the request (application) of a Qualifying Business, the Program Administrator may refer such business to an appropriate program service provider. The Program will only be liable for services rendered pursuant to a referral from the Program Administrator. Once services are delivered, the service provider will invoice the Program Administrator who will invoice the Program for payment. To the extent possible, Qualifying Businesses shall agree to repay not less than fifty percent (50%) of the cost for receiving Program Services. This cost may be funded through the Loan Program.