EDUCATION

Use of SBA 7(a) loan proceeds include starting a business, purchasing an existing business, purchase a building, construct new buildings, working capital, purchasing of inventory, fixed assets and raw materials, leasehold improvements and, in some qualifying situations, refinancing and consolidation of business debt. SBA 7(a) financing is offered as both a term loan facility and also as a line of credit.

Small Business Certification Online Course

Module 1: Business Planning

Learning Objectives:

  • Explain how an evolving planning process can help you make key decisions as a business owner.

  • Describe how to convert a vague idea into a resource plan.

  • Understand how a business plan helps motivate stakeholders to understand and support your business idea.

  • Explain the benefits of creating a day-to-day action plan for running a small business.

Module 2: Business Credit

Learning Objectives:

  • Understand how the personal and business credit reporting landscape impacts small business.

  • Identify what goes into personal and business credit reports and scores.

  • Learn how to establish and build strong personal and business credit histories.

  • Understand how lenders and others may use your personal and business credit information.

Module 3: Financial Literacy l

Learning Objectives:

  • Develop an appreciation of the importance of financial literacy management to small businesses (and how it impacts access to capital).

  • Learn about financial management practices, rules, and tools.

  • Understand how financial management practices, rules, and tools work.

Module 4: Banking & Money

Learning Objectives:

  • Understand the importance of having a banking relationship and different banking services.

  • Gain familiarity with financing options, services and readiness.

EXPECTED RESULTS


At the end of the 28-day program, participants are rewarded with:

  1. A Certificate of Completion acknowledging their diligence and new knowledge.

  2. A lender/investor-compliant business plan* package for both internal use and, if desired, to access funding.

  3. Improved knowledge and access to capital resulting in a more profitable and better positioned business, i.e., stronger Dun & Bradstreet PAYDEX score, improved bank rating, funding needed to start/grow a business, etc.

  4. An optimized Personal Financial Statement (PFS).

  5. Improved business credit profile, i.e., improved Dun & Bradstreet PAYDEX score.

  6. A Financial Needs Analysis (FNA) and corresponding financial plan.

  7. A lender/investor-compliant set of interim financial statements including Income Statement (Profit/Loss), Balance Sheet, and Statement of Cash Flows.

  8. A "Capital Match" identifying the best source(s) of capital based upon the participant's unique circumstances. With a lender-compliant loan package and the Capital Match, ideally, you’ll be ready to go to funding!

*Business plan includes a one page "pitch sheet", executive summary, opportunity description (problem, solution, target market, competitive analysis), execution plan (marketing plan, sales plan, operations plan, key milestones), company information (ownership team, management bios, advisors), financial plan (key assumptions, revenue, expenses, profitability, use of funds, source of funds), financial statements (income statement, balance sheet, and cash flow statement), industry specific benchmarking, etc. We can also link your accounting software, like QuickBooks, to create and maintain a virtual dashboard as an on-going management tool.