Our organization, Business Credit Literacy Initiative (BCLI), a 501(c)(3) non-profit, is a member of the Money Smart for Small Business Alliance developed and managed by the Federal Deposit
Insurance Corporation (FDIC) and promoted by the United States Small Business Administration (SBA).
BCLI is was exclusively selected for developing, managing, and implementing the Small Business Management & Entrepreneurship Certificate providing the skills necessary to establish and operate
a small business or entrepreneurial enterprise leveraging the award-winning curriculum.
Participants can complete the five modules in-person or on-line and earn Certification. The modules include:
- Organizational Types: learn about the pros and cons of different types of business structures like LLC's, S-Corps, C-Corps, etc., understand how to legally minimize taxes
through underutilized strategies such as Section 179 deductions, and much more
- Developing a Business Plan: learn how to develop an effective business plan for internal and external audiences that will meet the underwriting requirements to access
- Managing Cash Flow: understand the purpose of cash flow management in a small business, learn how to make cash flow projections, and know how to manage cash flow including
receivables and payables
- Financial Management: understand the essentials of financial management and apply financial management principles, rules, and tools most relevant for small businesses
- An Entrepreneur's Guide To Credit & Money: learn about building personal and business credit, how to attract investors even for a small or start-up business, and the
benefits of leveraging business credit (doesn't require the use of your Social Security Number) with a guaranteed capital raise of $100,000 by following a grant-funded curriculum
After completing the above modules, assistance is available to implement in the participant's business what was taught, i.e., developing an actual business plan, creating financial statements and
cash flow projections, and guaranteed access to capital (see details below).
There is a one-time, $249.99 cost to enroll in the Certification Program. However, upon completion of the curriculum and implementation of a Capital Acquisition Plan, the entire $249.99 is
refunded through a grant BCLI has received.
GUARANTEED ACCESS TO CAPITAL
All participants completing the curriculum is assisted in the development of a Capital Acquisition Plan and accessing capital through one or more of the following:
- Seed Capital
- Amount: Maximum of $50,000 but typically $5,000 to $10,000 of initial seed capital. May be debt-based, equity-based (money that doesn't have to be paid back), or a combination of the
- Eligibilty: No minimum personal credit scores to qualify, fewer than 5 employees, no minimum time in business, under $5,000,000 in annual sales.
- Use of proceeds: working capital, purchase of inventory, supplies, furniture/fixtures, raw materials, and machinery/equipment for your business.
- SBA Subsidy Model
- Amount: Typically, $3,000.00 to $5,000.00 per week.
- Eligibility: This innovative model is based upon contributing 1-3 hours per week assisting with community development. No sales involved.
- Structure: Is composed of grant-funds (does not have to be paid back--not a loan) that is paid into your business bank account resulting in improved bank rating and financials as well as
- Use of proceeds: Unrestricted.
- Business Credit
- Amount: $100,000 guaranteed by following our proven curriculum.
- Eligibility: Based on the EIN of your business versus your SSN, no mimimum time in business, must be "business credit ready" (we'll assist you assess your business credit readiness and
resolve any deficiences).
- Structure: begins with "starter credit" progressing to revolving credit and then to "cash credit" once your business credit profile and financials are sufficiently established to meet the
underwriting guidelines for national credit cards, locally involved banks for lines of credit and business loans, etc.
- Use of proceeds: typically no restrictions but subject to lenders' discretion.