A Project Onboarding Platform Designed to Provide the Infrastructure Support Rails for
Businesses and Organizations Looking for Funding.
Onboard Project | Review I Support I Validation I Submission I Approval | Oversight
What We Do
Powering Community Economic Development
We provide integrated solutions to support community improvement initiatives. Our solutions include Business Projects On-boarding, Business Mastery Training, Finance Management & Oversight, Business Coaching & Consulting, Business Strategy & Planning, Business Performance Measurement & Bench-Marking, and Digital Support Services.
Trending News & Resources
- Accessing Grants
- Best Practice & Breakthroughs
- Business Development Resource
- Business Education Resource
- Business Information and News
- Business Professional Consulting Resource
- Developing Your Business Plan
- Entrepreneurship Development
- Local Business News
- Local Resource
- Networking & Events
- Planning for Funding
- Positioning to Get Access to Capital
- Press Release
- Workforce Development
- Working Capital
Date: March 18, 2020
Description: On Wednesday, the Small Business Administration announced that the nation’s small companies adversely impacted by COVID-19 can now apply for disaster loans up to $2M to offset temporary revenue losses resulting from the pandemic. Loan amounts are based on each applicant’s financial condition with repayment terms up to 30 years.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the coronavirus.
“Timing is everything as we navigate this crisis,” Ohio Governor DeWine said. “I am encouraging all small businesses located in the Ohio to visit the SBA Disaster Assistance website and submit your application today.” While there, you will find information on how to contact our customer service team who can answer any disaster-related application questions. You can also reach out to one of our many resource partners for application assistance.
Businesses can also find local SBA Resource Partners information on SBA’s website.
SBA Economic Injury Disaster Loans offer up to $2 million in economic assistance to help small businesses overcome the temporary loss of revenue resulting from the coronavirus pandemic. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.
Interest rates offered are as low as 3.75% for businesses without credit available elsewhere – businesses with credit available elsewhere aren’t eligible. The interest rate for non-profits is 2.75%.
Loan amounts are set by the SBA and based on each applicant’s financial condition. Repayment terms are up to 30 years.
For additional information, contact the SBA Disaster Assistance Customer Service Center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail firstname.lastname@example.org.
The deadline to apply for an Economic Injury Disaster Loan is Dec. 18, 2020.
Our Small Business-Building Vision
Our solutions combine both coordinated grass roots activities, expert support resources, training and business coaching, financial oversight management, coordinated collaborations with capital partners, and digital solutions/technology rails to accelerate community transformation and growth.
We helps communities Reorganize, Remobilize and Reintegrate all of the pieces necessary to drive a unified and integrated community plan.
Our Focus Areas Which Will Accelerate Positive Transformation of Communities:
1. Focus on becoming mature and wise partners with the banking community to deliver win, win.
2. Focus on how to support Small Business owners which are the backbone of our economy to success.
3. Focus on developing innovative solutions rail for the on-boarding projects and gathering the data needed for our banking partners – Small Businesses desiring loans need to know what is expected of them upfront.
A. Knowing the process which will be followed / knowing when you have completed 100% of your requirements / knowing when your project will be evaluated by the team / and the financial lender / understanding your alternatives.
B. Our awareness that the segment of Small businesses from start-up to 5 employees creates more jobs than any other segment in America.
4. Focus on Financial Oversight – Proper money and cash flow management is the key to succeed in business.
A. Cash Flow and Credit Management
B. Financial Planning and Analysis (FP&A)
C. Auditing and Reporting
D. Accountability for how the loans and credit lines are to be spent.
E. A Process which improves accountability across the board while partnering with Banks to drive improvements in paying loans back.
5. Focus on Robust Data Collections and Analysis – Over time, gaining a better understanding of the credit needs of our communities will help us become a better partner with Financial Institutions.
6. Focus on Growing the Business Revenues – Business Coaching and Business owner Coaching is important because it drives positive results.
7. Focus on Community Wide Communications – keeping everyone up to date and on the same page at all times -Sharing Relevant Information to uplift and stimulate the community toward positive momentum. Controlling our own messaging is critical.
8. Focus on sharing local community activities and events so the entire community can participate and include their passion and commitment.
9. Focus on engaging and collaborating with all grass root efforts which are meant to improve the community.
10. Focus on providing a nurturing 360 degree Life Cycle Model for supporting Small businesses (from starting the business to exiting the business)
A. Training and Coaching for Small Businesses to help them succeed / gaining access to seasoned business coaching experts / Teaching 80+ strategies to improve leads and conversion of leads.
B. Everyone needs a coach / people and businesses want to do better / most business people can’t see the forest through the trees / Accountability is key. / Good coaches are a value added to people’s lives. / People get to use their previous knowledge to help local businesses grow.