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Understanding your finances is key to small business success. With small businesses across America still recovering from the impacts of the pandemic, financial literacy is more important now than ever.
Financial Literacy Month was first established in 2004 to encourage Americans to learn about finance best practices and to boost their financial well-being. It can also serve as a reminder to take stock of your overall financial outlook and set finance-related
goals – whether that’s to obtain a loan, increase your revenue, or learn more about business taxes. Chances are, there’s an SBA resource that can help you take the next steps toward achieving your goal.
To highlight three immediate resources to tap into, please consider the following:
A local business advisor
SBA resource
partners can help you get a clearer picture of your finances. Many small business owners work with resource partners to prepare to apply for a small business loan. Resource partners can assisting in reviewing business plans, organizing tax return documents
and bank statements, and completing other important tasks before the loan application is sent to a lender.
Free online classes
For training on any small business topic, the SBA’s Learning
Center and new Ascent platform
provide readily available expert insights. An essential course for early-stage businesses is the Financing
Your Business course. This course outlines various funding options, including loans, grants, venture capital, and crowdfunding, and concludes with a downloadable worksheet to help business owners assess their own financial needs.
SBA-Guaranteed Loans and Lender Match
SBA-guaranteed
loans are often an ideal funding option for small business owners who are creditworthy, but don’t qualify for conventional financing. SBA works with participating lenders to reduce their risk, increasing the likelihood your loan will be approved with the
terms that work best for you.
If you decide SBA-guaranteed loans are a good fit for your business, SBA makes it easy for you to connect with lenders via our Lender Match tool. Lender
Match is SBA’s free online referral program that connects small businesses with more than 800 participating SBA-approved lenders.
To get started, just answer a few questions about your business. Then, you’ll receive an email with contact information from lenders who have expressed interest in your loan. From there, you’ll be able to compare rates, terms, fees, and more. Visit this
page to get started.
Whatever your financial goals for your business, SBA is here to help you get to your next step with personalized guidance and tested tools and resources.
Save The Date for Buffalo’s Premiere Business Conference!
STRAIGHT TALK 2022
SATURDAY, JUNE 18, 2022
8:00 AM – 1:00 PM
Buffalo Niagara Convention Center
Visit
WWW.WNYStraightTalk.org
Follow us on Twitter @SBA_Buffalo
The U.S. Small Business Administration makes the American dream of business ownership a reality for millions of Americans. As the only go-to resource and voice for small business backed by the strength of the federal government, the SBA empowers entrepreneurs
and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. The SBA delivers services through an extensive network of field offices, located throughout ten different regions
of the country.
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