When building a business, the average credit score of a small diverse business owner is 560. while the average credit score to receive the PPP is 580 or greater. For a small diverse business, the chance to obtain additional funding is slim due to the credit risk. Small business owners are very often unaware of resources and have little to no direction on identifing and securing support.. In this environment, how do diverse small businesses become unique and sustainable? This session explores important topics including:
• Ways to validate capabilities in light of upcoming requirements to participate.
• How these requirements allow small, diverse business owner to become exceptional.
• Ensuring small diverse business owners understand the definition of “credit risk.”
• Programs available to understand financial literacy.
• Obtaining proper certifications for to start and grow a small, diverse business.
Learning Outcomes:
Attend this session and you’ll gain a better understading of:
· Credit risk and improving the credit profile for the Small Diverse Business owner.
· Outcomes of understanding the importance of Small Diverse Certifications.
· Ripple effects of obtaining specific certifications for women-owned Small/Diverse Businesses.
· Third-Party Certifiers approved by the SBA.
· How to market certifications and the Importance of building relationships once obtained.
Track: Safeguarding Populations
1.20 SOA CPD
1.00 CIA