News Now

Consumer
New online courses benefit small biz owners
WASHINGTON (7/7/08)—To aid small business owners with the basics of finance and borrowing, the U.S. Small Business Administration (SBA) launched two new online resources last month on loan guaranty programs and loan package preparation (U.S. Small Business Administration June 26). Independent businesses with fewer than 500 workers have created 60% to 80% of new jobs annually over the past decade and represent 99.7% of all employer firms, according to the Small Business Administration (SBA). The significance of small business on the economy is evident in these statistics, and the SBA and similar outlets provide resources to assist them with their endeavors. The two new self-paced tutorials, Finance Primer: Guide to SBA’s Loan Guaranty Programs and How to Prepare a Loan Package, appear on the administration’s Web site and are available free to anyone registering at sba.gov/services/training/newcourses/index.html. The finance primer course identifies the most frequently used sources of capital by small businesses, reviews basic finance philosophy, and illustrates SBA’s loan guaranty programs. The loan package course covers how to prepare a loan package for a lender, how a lender will assess a loan request, and how entrepreneurs can avoid common financial mistakes such as securing the wrong type of financing or underestimating the cost of borrowing money. Both tutorials provide information about supplemental resources for small business owners and help entrepreneurs develop economic independence and become more financially savvy. Course participants completing the 30-minute online training receive completion certificates from the SBA. Go to sba.gov for additional resources for small businesses. For more information, read, “Small Business: Analyze the Numbers,” in Plan It: Retire Ready Toolkit.
Other Resources

RSS print
News Now LiveWire
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
13 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
14 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
16 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
17 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
17 hours ago
150x172_Annual Report 2013Unite for Good Share your Stories100 Million CU Memberships