Entrepreneurship Training Program

Entrepreneurship Training Program Expectations,Criteria, and Application

Welcome to the application page for the Entrepreneurship Training Program (ETP) for the Illinois Small Business Development Center at Bethel New Life, and thanks for your interest in this program. We are interested in finding new and existing business owners that want their business to be the best it can be. We intend for the class to be rigorous and you may find the application process rigorous. When you are able to follow the instructions and answer the application questions to the best of your ability, and respond in a timely manner to deadlines with the required documents, it also shows us that you are serious and have some of the tools needed to become a successful business owner.

Please read the expectations and criteria for each category carefully before determining your ability to participate in this ETP class and completing the application from the link below. The application process will be open from July 19-August 14, 2013. There will be an orientation session for the ETP held on Tuesday, August 6 from 5-6pm at 1140 N. Lamon in Chicago with a “Starting a Business in Illinois” workshop to follow from 6-8pm. The orientation session and workshop are not required to apply, but will provide an opportunity for applicants to meet staff and have any questions answered directly. Classes are scheduled to start Tuesday, September 10, 2013, and will meet every Tuesday evening from 6-9pm through December 10, 2013.

Introduction

Am I Eligible to Apply?

How Do I Apply?

What Can I Expect If I Am Selected?

ETP Application Link

Introduction

The Illinois Small Business Development Center at Bethel New Life will operate an Entrepreneurship Training Program (ETP) to provide training and support to individuals who live in and start their businesses in designated communities primarily on the west side of the City of Chicago. The ETP will select individuals who demonstrate the capacity to become an entrepreneur, and also existing entrepreneurs that are trying to expand their businesses to the next level. Participants will be selected based on their potential to start or expand their businesses as a means to grow their income, increase personal wealth, reinvest in their business for growth, and create jobs within their communities.

During their involvement in the ETP, participants will be encouraged to launch or grow their businesses in industries with minimal financial barriers to entry or expansion, but potential for high growth. Service industries are often pursued by many entrepreneursas there is a relative ease of entry and often less capital needed, and there is often a high demand for these services in both the consumer, commercial and industrial markets.   In addition, special attention will be given to businesses that are manufacturing oriented or supply-chain businesses. Other business tracks that indicate a large probability of success will also be considered.

Back to Top

Am I Eligible to Apply?

For applicants to be considered for enrollment they must meet a specific set of criteria. The criteria below are the starting point for screening, but Bethel reserves the right to adjust these criteria as we determine the demand and capacity of the students to meet these criteria. They are as follows:

  • Applicants will designate in their application whether they are a start-up business (one year or less) or an emerging business (more than one year to 5 years old). Businesses that have been registered for more than 5 years old will not be eligible to participate
  • The applicants’ businesses must be for-profit businesses.
  • Have a credit check with a score of 500 or better (if less than 625, The Private Bank Credit Builder loan will be required).
  • Primary consideration will be given toChicago west side residents that also have businesses or specific plans to locate their business office within the designated communities of Austin, Humboldt Park, West Garfield Park, East Garfield Park, North Lawndale, and South Lawndale. These home address and/or intended business location will be one of these ten zip codes: 60608, 60612, 60622, 60623, 60624, 60639, 60644, 60647, 60651, and 60707. Secondary consideration may be given those from other nearby geographic locations or businesses that have potential to positively impact a low to moderate income community.
  • Have a high school diploma or GED
  • Have a valid driver’s license or state  identification
  • Proof of current address on above ID or recent utility bill
  • For those already in business, most recent  business tax return
  • Complete a form that requires a thorough description of the business, the products or services it sells, the target market and its demographics, and an itemization of their sales and advertising strategy
  • Enroll in The Private Bank’s credit builder loan by third class session if credit score less than 625

Back to Top

How Do I Apply?

Phase One – Read all of the linked pages related to the ETP class before you complete the application link. Go to the application link and follow the directions for answering all of the questions. When you have completed the survey, click on submit and you should receive a message that thanks you for submitting the survey, which is confirmation that the application has been successfully transmitted. Once your application has been processed, you will receive an email on or before August 16 stating whether you have been accepted for Phase Two.

Phase Two – If you are selected for Phase Two, you will receive an email stating that you have made it to the next round. You will receive an emailed packet that contains items on a checklist that relate to the eligibility criteria listed in the Am I Eligible to Apply ?page, including:

  • Signed release form for performing credit check
  • Abusiness plan form that requires a thorough description of the business, the products or services it sells, their target market and its demographics, and an itemization of their sales and advertising strategy
  • Copy of  high school diploma or GED
  • Copy of a valid driver’s license or state  identification
  • Proof of current address on above ID or recent utility bill
  • For those already in business, most recent  business tax return

These items may be scanned and returned by email to etp@bethelnewlife.org, faxed to Attn: SBDC/ETP at 773-473-7871, or dropped off at the reception desk M-F between 9am-5pm at 1140 N. Lamon in Chicago.

Once your items are received, our staff will get in touch with you to follow-up if there are any questions or if something needs clarification. If everything is in order and there are no questions, you will be notified no later than August 19 if you have made it to Phase Three.

Phase Three – Once you reach this phase you will receive an email notifying you of your acceptance, and will be requested to set up an appointment slot of 5-7 minutes for our Make Your Case panels. At this appointment, you will be expected to present your business idea and make your case for why your business is viable or posed for growth, and explain how your participation in the class will help your business reach that next level. The Make Your Case panels will take place between August 26-29 with both daytime and evening slots available. Final decisions for acceptance into the class will be made the week of September 3 with final notification sent no later than September 5.  The first class will begin September 10.

Back to Top

What Can I Expect If I Am Selected?

The classroom training is scheduled to start on Tuesday, September 10 from 6-9 pm at the Bethel Small Business Development Center office at 1140 N. Lamon in Chicago. The component will be 12 weeks long and the class will meet every Tuesday night for three hours. During the training period, the participants will be required to submit periodic updates of key portions of their business plans to the trainers, and present those updates to the class participants.  Those failing to provide such updates will be excused from the class. At the conclusion of the formal training, the class will have two additional weekly sessions where the students present their business strategy to fellow students and to a panel made up of SBDC staff, bankers, and other counselors and mentors that are part of the program. This will be a key factor in determining how ready the students are to qualify for the microloan program described below. At the conclusion of the presentation sessions, a graduation ceremony will be held January 7, 2014 (tentative) to recognize the student’s accomplishments.

The Private Bank will operate and manage a microloan fund pool specifically for the ETP graduates. Loans will be written with more flexible underwriting criteria than the bank’s conventional commercial loans, with a high range of $10,000 for start-ups and a maximum of $25,000 for qualifying existing business, although in some cases a loan may even exceed this amount. Final decisions for the microloan fund will be made by the bank.

Another component includes matching each student with an experienced business mentor who can provide ongoing assistance and support through the class and once the class has ended. The individual mentor’s role is to provide feedback, access to networking resources, and provide guidance in the business start-up or expansion process.  It is the intent to match each student with a mentor halfway through the class, if possible.

After the conclusion of the class, graduates will be alumni and opportunities will be made for the alumni to gather on a regular basis (likely quarterly) to network and receive relevant post-class training. It is expected that alumni make every effort to attend these important sessions.

Class topics for the 14 week session include:

Weeks 1-2: Creating a Business Plan

Weeks3-5: Creating a Marketing Plan

Week 6: Lessons from Experienced Entrepreneurs

Week 7: Creating an Operational Plan

Week 8: Creating an Organizational Plan

Weeks 9-11: Creating a Financial Plan

Week 12: Plan Integration

Weeks 13-14: Students Presentations

TBD: ETP Commencement

Students that attend at least 80% of the class sessions, write an acceptable business plan with financial projections, and complete a presentation will be eligible to receive a certificate of completion and consideration for a microloan.

Back to Top

ETP Application Link

Please link to the application and fully complete this session to be considered for the class. You will receive notice that your application has been successfully submitted.

Apply Here

Back to Top

Supportive Living at Beth-Anne Place

Overview

Beth-Anne Place is an affordable and supportive living community that encourages residents to be as independent as they can be for as long as they can be. Bethel opened the 85-unit apartment building in January 2003 for seniors who can no longer safely maintain themselves in their own home but do not require the level of services found in a nursing home.

Beth-Anne Place provides comfortable 1-bedroom and studio apartments,three meals daily in a spacious dining room, weekly housekeeping and laundry services,24-hour certified nursing assistance, and a full activity program orchestrated by our resident coordinator. Beth-Anne Place has nurses on staff and a dietary manager to ensure a holistic level of care for senior residents. All of our services are included in the monthly fee — there is never any added charge for additional care.

Our goal is to promote the dignity and well-being of the residents we serve. Welcome to Beth-Anne Place and welcome home.

Nursing Services

Our certified and professionally trained nursing staff is present in the building 24 hours a day, 7 days a week for your safety and well-being. Our nursing staff consists of a registered nurse, licensed practical nurse, and certified nursing assistants. Our Nursing Supervisor works with residents individually to create a customized care plan, which is followed by all staff. Our staff will be happy to assist with medications. We also assist with all activities of daily living that are needed, including showering, dressing, ambulating and incontinence care, all at no extra cost. Residents receive an assessment upon admission into Beth-Anne Place and again annually. We understand that there may be occasions when frequent wellness checks are necessary and we accommodate the special needs of residents.

Dining Services

chef Joseph and LindaOur residents enjoy three daily meals prepared in our kitchen. Each day our residents have choices of entrées, side dishes, and desserts that allow them to make choices recommended by their physician or personal taste. A dietician makes timely visits and is available for consultation. Under the weather? We will bring your meals to you in times of illness. Residents also have fully appointed kitchens in their apartments.

Here is a sample menu:

• Entrée Selections
o Breaded Pork Chop
o Baked Catfish Fillet
o Stuffed Tomatoes with Chicken Salad

• Side Dish Selections
o Southern Style Cabbage
o Steamed Green Beans with Potatoes
o California Blend Vegetables

• Salad Selections
o Cole Slaw
o Garden Salad
o Fruit Salad Plate

• Dessert Selections
o Peach Cobbler
o Chocolate Cake with Ice Cream
o Sugar-free Chocolate Mousse
o Fresh Cut Watermelon

Activities & Recreation

Our activities and recreation program seeks to meet the multidimensional needs (educational, emotional, physical, spiritual, and social) of our elders. Our community has on-site activities as well as routine outings for our residents. Each resident has the opportunity to participate in the scheduling of events and ideas and lead them if they desire. We offer a varied selection of recreational activities including exercise, trips, group events, and board games. Our recreational activities are supplemented by Educational programs covering senior issues and wellness.

Housekeeping

Our housekeeping staff clean residential units and provide laundry service weekly, or more often as needed – and both services are included in the rent. Residents have the option of maintaining their own unit and doing their own laundry if they choose.

Finances

Our rent is affordable, determined by a sliding scale based on income. Residents have control of their finances. Each month residents receive a billing statement that gives them the ability to maintain their independence through their own money management. Residents on a fixed income always keep a monthly personal allowance of $200 or $250 monthly (depending on apartment size) to provide for personal expenses.

Safety

Our dedicated staff is supplemented by the addition of onsite security staff in the evening hours providing 24-hour peace of mind. All staff members go through rigorous training and background checks before being trusted with the care of our residents. All visitors to our building are checked in at our reception area. Our hallways are monitored by camera for the safety of our residents.

Eligible Residents

• Are 65 years of age or better and income eligible to receive state supplements.
• Will be assessed by the Case Management Unit and our staff determining a need for our services
• Should not have Dementia or Mental illness as a primary diagnosis it may be a secondary consideration.
• Must be able to ambulate or transfer to a chair independently for activities of daily living and safety.
• Will pass a state required background check

Contact Us

1143 N. Lavergne
Chicago, IL 60651
(773) 287-2711
ljohnson@bethelnewlife.org

New Business Incubation

In support of our efforts to generate new and sustainable businesses for Chicago’s West Side, Bethel provides direct support to up to five new businesses each six-month period. These businesses receive office/operating space at well below market-value rates, support from Bethel’s business counselors within our Small Business Development Center, and access to NBI-only seminars and activities. The goal of the program is to provide the greatest likelihood of success for the launch and sustainability of these fledgling businesses.

If you have any questions on New Business Incubation, please contact maustin@bethelnewlife.org or 773-473-7870 x136. 

Independent Living

Overview

Bethel provides living solutions for elders looking for a healthy and safe environment. Our three HUD supported residential buildings (BETH-ANNE RESIDENCES, BETHEL PACE CENTER, and ANATHOTH GARDENS) include:

• 186 apartments
• 24-hour friendly, dedicated staff
• Onsite laundry facilities
• Community rooms on each floor
• Activity rooms with a big screen TV and pool table
• Sewing rooms
• Computer lab
• Recreational activities
• Flower gardens and a vegetable garden at Anathoth Gardens

Residents can participate in building management by volunteering as floor captains or building presidents and they stay informed with a resident newsletter. Our Social Service Coordinators help ensure that our residents are connected with community resources.

Program Requirements:

Residents must be at least 62 yrs. of age. Anathoth Gardens will also accept mobility-impaired participants who are under 62.

• 1 person maximum income: $25,800
• 2 person maximum income: $29,450

Beth-Anne Residences

4952 W. Thomas
Chicago, IL 60651
773-378-5000
Ms. Oachia Benson
obenson@bethanneres.com

Bethel Pace Center

4349 W. Washington
Chicago, IL 60624
773-826-0214
Mr. Shawn Mintz
smintz@evergreenres.com

Anathoth Gardens

34 N. Keeler
Chicago, IL 60624
773-826-0214
Mr. Shawn Mintz
smintz@evergreenres.com

Independent Living

Overview

Bethel provides living solutions for elders looking for a healthy and safe environment. Our three HUD supported residential buildings (BETH-ANNE RESIDENCES,BETHEL PACE CENTER, and ANATHOTH GARDENS) include:

• 186 apartments
• 24-hour friendly, dedicated staff
• Onsite laundry facilities
• Community rooms on each floor
• Activity rooms with a big screen TV and pool table
• Sewing rooms
• Computer lab
• Recreational activities
• Flower gardens and a vegetable garden at Anathoth Gardens

Residents can participate in building management by volunteering as floor captains or building presidents and they stay informed with a resident newsletter. Our Social Service Coordinators help ensure that our residents are connected with community resources.

Program Requirements:

Residents must be at least 62 yrs. of age. Anathoth Gardens will also accept mobility-impaired participants who are under 62.

• 1 person maximum income: $25,800
• 2 person maximum income: $29,450

Beth-Anne Residences

4952 W. Thomas
Chicago, IL 60651
773-378-5000
Ms. Oachia Benson
obenson@bethanneres.com

Bethel Pace Center

4349 W. Washington
Chicago, IL 60624
773-826-0214
Mr. Shawn Mintz
smintz@evergreenres.com

Anathoth Gardens

34 N. Keeler
Chicago, IL 60624
773-826-0214
Mr. Shawn Mintz
smintz@evergreenres.com

New Life Community Investments

New Life Community Investments

Access to capital is a major growth challenge for many businesses, especially those on Chicago’s West Side. A recent study by the National Minority Business Development Agency found that minority-owned firms are less likely to receive loans than non-minority-owned firms,especially those businesses with gross receipts of less than $500,000. In addition, when minority-owned firms do receive loans, the dollar value is often less, while the interest rates tend to be higher.

Since 2002, Bethel New Life has been able to counter this trend by providing low-interest loans through its New Life Community Investments program to businesses and non-profits that are located in and provide products or services to low income communities in Cook County, primarily on the West Side of Chicago. These funds were provided through the New Market Tax Credit program administered by the US Treasury Department. Since the program’s initiation, Bethel has made more than $9.9 million in investments into West Side businesses, with the final servicing of these loans occurring in 2013. These funds have been used for:

Loan Use

  • Start-up capital
  • Operations and expansion capital
  • Increasing inventory
  • Renovating space
  • Operations & expansion
  • Purchasing furniture/equipment
  • Constructing an addition to a building

Bethel New Life was instrumental in the development of the New Market Tax Credit program and was one of the first allocatees of tax credits in the country in 2003. The New Market Tax Credit program was designed as a tool to attract investors to make investments in communities of poverty. Approved community development entities (CDEs) receive tax credits through the Community Development Financial Institution program of the Treasury and these tax credits are provided to qualified investors over a period of seven years. During this time, the CDE works in conjunction with CDFI to assure that qualified investments are made.