Small business mentoring service provider SCORE Westchester is offering a new program called Fuel Your Business with Working Capital Track. The goal of the service is to help prepare small business owners to be informed and ready for the process of applying for a loan.
Online PR News – 08-August-2013 – White Plains/ NY – The non-profit organization SCORE Westchester, which provides small business mentoring services, is offering a new program called Fuel Your Business with Working Capital Track (http://www.scorewestchester.com/free-business-advice/fuel-your-business-with-working-capital-track/). The goal of the service is to help prepare small business owners to be informed and ready for the process of applying for a loan by strengthening their foundation of business banking knowledge and providing them with the building blocks for success.
SCORE’s experienced advisors and financial specialists will help small business owners through the steps by analyzing their business, advising them on what they need to go forward, and if they choose, accompanying them to the bank to make the formal request.
Fuel Your Business with Working Capital Track unfolds in a 6-step process
1. Preliminary face to face meeting with 2 SCORE advisors to review business goals; they will evaluate viability of plan and refer to financial specialists if appropriate.
2. Meeting with SCORE financial specialists to go over personal financial items in detail.
3. Review the 3 important Cs: Cash flow, Collateral, Credit
4. Evaluate the business and plans for growth.
5. Review Marketing Triangle: Price, Service, Quality.
6. Mock banker interviews and final preparation!
SCORE’s success rate for existing businesses that go through the program averages 50%-70%.
SCORE small business mentors and financial specialists want to see the businesses they help flourish and grow. This program provides insightful and honest feedback to equip small Westchester businesses with a strong foundation for success.
For more information visit SCORE Westchester’s website at www.scorewestchester.com or call SCORE Westchester at 914 948-3907.
About SCORE Westchester
SCORE Westchester is a chapter of the larger SCORE non-profit organization, whose mission is to provide free professional guidance and information to help build the foundation for small business owners’ success. The focus is on education, mentorship and counseling in order to ensure the success of America’s existing and emerging small businesses. The Small Business Administration of the United States Government is a resource partner of the SCORE organization. SCORE Westchester currently has approximately 40 experienced business professionals volunteering their time as small business mentors to offer counseling services to Westchester business owners. For more information on SCORE Westchester, visit: http://www.scorewestchester.com/about/