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SBA offers online resources for small businesses to help with economic recovery

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Mon, Aug 24th 2020 06:50 pm

Entrepreneurs can take advantage of free online training and other resources offered by the U.S. Small Business Administration to assist them during this period of economic recovery.

The SBA offers a variety of online courses to assist small businesses in more effectively managing their firms in the current economy. The course topics are available directly at https://www.sba.gov/learning-center, include competitive advantage, legal requirements, marketing research, pricing, understanding the customer and social media.

“As the nation’s small businesses continue their recovery from COVID-19, SBA resource partners are working to guide small businesses through numerous projects and various stages of accessing capital, even assisting them pivot and redirect their business models. The SBA resource partner network provides no-cost business advising and training to small businesses – and you can reserve a one-on-one appointment with them virtually or by phone. I strongly encourage small business owners and nonprofits to contact a Small Business Development Centers, SCORE mentors, Women’s Business Center or Veterans Business Outreach Center; these SBA resource partners can even assist – for free – any and all PPP recipients with gathering information and filling out the required PPP forgiveness paperwork their lender will be collecting,” said SBA Regional Administrator Steve Bulger, who oversees operations throughout New York, New Jersey, Puerto Rico and the U.S. Virgin Islands.

In the current economic times “Financing Your Business” has been most popular. This course covers topics such as determining one’s financial needs, loans, grants, venture capital, angel investors, crowd funding and other financial options available to small businesses.

Each free course is self-paced and provides practical guidance on how to stay on top of economic conditions. These and other courses can be accessed from the SBA’s website at www.sba.gov.

“The SBA is helping small businesses with the resources and tools they need in the current business cycle,” said Franklin J. Sciortino, SBA Buffalo district director. “In addition, our district office has a variety of local resources and referrals for small businesses in to help them recover; learn more here: www.sba.gov/ny/buffalo.”

The SBA can also help to find local agency offices and lenders. Business owners can: talk with an SBA representative about financing options and identify local, participating SBA lenders; learn about SBA’s lender match, a free online tool that connects small businesses with SBA-approved CDFIs and small lenders; and train with expert counseling and mentoring services by talking with an SBA representative or resource partner about management assistance.

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