Reach Your Full Financial Capability with Help from the SBA

By U.S. Small Business Administration
Published on April 13, 2022

A lot goes into small business success — hard work, vision, and resourcefulness. But perhaps nothing can help an entrepreneur achieve and maintain success more than a sound understanding of their finances. As the U.S. economy moves beyond recovery, financial literacy has never been more important.

Financial Literacy Month encourages all Americans — and the small business community in particular — to learn about best practices for improving their financial well-being. It’s also a reminder to establish or revisit overall financial projections and goals. Maybe you’re interested in obtaining a loan. Perhaps you simply want to increase your revenue or learn more about business taxes. Whatever your desire, the SBA has a resource for you.

Resource Partners

Want a clearer picture of your finances? A local business advisor can help. SBA resource partners host workshops, online trainings, and one-on-one sessions to assist business owners with everything from taxes to acquiring capital and buying or selling a business. They are also invaluable for entrepreneurs preparing to apply for a small business loan. A resource partner can run through your business plan, help you compile tax return documents and bank statements, and more – as you get ready to send your loan application to your lender.

Community Navigators

Underrepresented and underserved entrepreneurs often face obstacles in recovering, growing, or starting their own business, and the Community Navigator Pilot Program was created to knock down those barriers. Part of The American Rescue Plan, Community Navigators work with hundreds of local community groups to improve access to resources for America’s entrepreneurs. These community groups connect small business owners to critical resources, from financial assistance and access to capital to training in marketing, operations, business development, and exporting…[MORE]

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To read the entire article on the U.S. Small Business Administration website, visit: Reach Your Full Financial Capability with Help from the SBA