Resources

As a small business owner, you've got a lot going on. You don’t always have time to research the best, most trustworthy resources to help your business grow. The mission of Venturize is simple, and it isn't to sell you anything or to make choices for you. Instead, it's to provide clear information and online tools that put the power to find the best loans and benefits for your business where it belongs: not just in your hands, but at your fingertips.

Access to Capital

Before you can seek an outside loan, you need a strategy. A business plan shows potential lenders where your business is going and how additional funds will help you get there. Learn how to craft a road-map for your business with these business planning tools. 

You’ve got the business plan down, but you need some help managing your finances and cash flow. Accounting, taxes, payroll—you deal with enough numbers every month to make your head spin. But you don’t have to tackle the numbers alone. These resources can help you keep your business in good financial health. 

You have a dream for how your business can reach new heights. But growth often means more customers, more sales and a bigger audience. How do you reach these people? These resources will help you find quick tips or develop a marketing plan that makes sense for your business and your goals. 

Navigating the complicated field of business legal help can feel like solving a complicated puzzle. But you need licensing and permits to ensure that your business is operating legally. These tools can help you understand how to identify what you need to navigate the tricky process.

Running a business is one of the biggest challenges you’ll ever undertake. Entrepreneurs with access to a mentor are more likely to start a business, and have higher revenues and higher rates of employment. These resources can help you find an advisor to guide you through the ups and downs of running your business. 

Selling to the federal or state government can offer significant potential for your business. Many regulations require governments to promote small businesses when awarding contracts, especially women-, veteran- or minority-owned businesses. Find out if you qualify and how to compete for federal or state dollars.

Working with a coalition of lenders and advocates, we have identified the fundamental financing rights that we believe all small businesses deserve.

So many factors affect your credit score, and figuring out how to boost your score can get pretty complicated. It takes more than on-time payments to build your score, and our Credit Score IQ resources can help you understand how to make the credit changes you need. To view your credit report for free, visit our partner Nav.com/sbm

Feel like the small print on your loan application or advice from your financial advisor is a foreign language? Our glossary makes it easy to decipher what some of the most common terms you may come across mean for you and your business.

To be able to choose the best loan option for your small business, you need to know the true cost of your loan payments. Calculators can help you consider things like interest rates, repayment terms and associated fees. Find out what you would pay overall with our Merchant Cash Advance and Term Loan APR Calculators.

Healthcare

Online resources covering everything small business owners and their advisors need to know about offering health insurance. 

Feel like the small print on your health plan or advice from your broker is a foreign language? Our glossary makes it easy to decipher what some of the most common terms you may come across mean for you and your business.

Effective workplace wellness programs, policies and environments have the potential to significantly benefit a large amount of people through employers, employees, their families, and communities. Check out this list to learn more about workplace wellness.

Retirement

Feel like the small print on your retirement plan or advice from your financial advisor is a foreign language? Our glossary makes it easy to decipher what some of the most common terms you may come across mean for you and your business.

Some states are setting up their own marketplaces or state-run retirement saving programs to help make it easier for small businesses and their employees to save for the future. Check out this list to see if your state is offering a program. 

Paid Family & Medical Leave

Upcoming Events

Do you want to learn more about how to start or grow your business? Our Events Calendar highlights upcoming national and local events from Small Business Majority and other Venturize partners on access to capital, wealth building, networking and more.

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APR Calculators

To be able to choose the best loan option for your small business, you need to know the true cost of your loan payments. Calculators can help you consider things like interest rates, repayment terms and associated fees. Find out what you would pay overall with our Merchant Cash Advance and Term Loan APR Calculators.

Compared to bank loans, the application process is a lot more pleasant. The interest rates are higher than what banks would offer but it’s more accessible and convenient. Some common term loan providers are Funding Circle, Dealstruck, and Fundation. 

A merchant cash advance (MCA) is a type of financing in which a business sells a percentage of their future credit/debit sales for an upfront amount. The MCA lender gets paid by directly debiting the card receipts from the merchant’s account daily, before the business itself can access any money from sales.

Business planning and strategy

Before you can seek an outside loan, you need a strategy. A business plan shows potential lenders where you see your business is going and how funds could help you grow. Luckily for you, great tools to help you plan abound—and we’ve compiled them to help you find what you need now. Learn how to craft a road-map for your business with these business planning tools. 

Access to Capital, Business planning and strategy, Financial tools and management

As a small business owner, you put more than your sweat and tears into your business—you also put in your own savings and risk your personal credit to get your business off the ground.

Access to Capital, Business planning and strategy

A business plan is a vital tool for your business. You know this, but writing one still sounds daunting. You already have a plan for your business in your head. All you’re doing when you write a business plan is taking the information from your head and putting it on paper.

Access to Capital, Business planning and strategy

As a general rule of thumb, banks will require a borrower to put up collateral for a loan. The only exception to this rule is for clients who have a long-term relationship with banks and whose business has proven to be profitable over a multi-year period.

Collateral is important for banks to reduce their risk. If the business is not able to pay back the loan, a bank may decide to take ownership of the collateral that has been pledged to them in the documents you sign when you got the loan. Usually a bank will not take ownership of collateral if you miss an interest payment, or one or two repayment installments, but will if they feel that their loan is at risk.

Access to Capital, Business planning and strategy

Starting a small business is hard work. The list of things you have to do in order to turn your dream into reality may seem overwhelming at first. When faced with such a formidable to-do list, it is easy to think of a formal business plan as something to table for later.

Access to Capital, Business planning and strategy

You know that writing a business plan is critical tool for planning your business and for getting a loan, but it’s hard to know where to start. Like everything else, it’s easier to begin when you have a template to follow.

Access to Capital, Business planning and strategy

You’re working on your business plan, great! Here are a few tips as you work.  

COVID-19 Resources

As developments continue to unfold in response to the spread of COVID-19, we know many small businesses have questions about implications in the workplace and funding options to help bolster their businesses during this difficult time. We are compiling relevant tips and resources and  information on new funding opportunities and policy developments that we are sharing on our website and through online presentations. We will be posting daily updates to this page with useful information about the ways small businesses can prepare for the impact of COVID-19 on their business and community.

Founders First CDC

Kitty Fund Mompreneur Business Grant

The Kitty Fund makes small micro investments in Moms who are running employer-based small businesses with two or more employees. 

Milestone Circles

Milestone Circles Program

Milestone Circles help women entrepreneurs like you revitalize your vision for your business, set a critical business milestone, and build a network of support to help you today and in the future through a 12-week, free cohort program. Applications are accepted on a rolling basis.

California Office of the Small Business Advocate

California Microbusiness COVID-19 Relief Grant Program

The California Microbusiness COVID-19 Relief Grant Program is funded by the State of California and administered by the Office of the Small Business Advocate (CalOSBA). The program provides competitive micro grants of $2,500 to eligible microbusinesses impacted by COVID-19 and the related health and safety restrictions. This program will be implemented by County organizations or nonprofits working on their behalf.

For application details and updates specific to the program available in your county, please contact the organizations listed. Applications start February 14.

Project N95

Equipment and COVID-19 tests for small businesses

Project N95 is the National Clearinghouse for personal protective equipment and COVID-19 tests. We protect communities and the people who live and work in them by providing equitable access to the resources they need to stay safe through the COVID-19 pandemic.

NowInStock

COVID Tests Tracker

Be alerted when COVID tests are in stock or available for pre-order and make sure to add that item to your account and turn on the corresponding stock status toggles.

U.S. Department of the Treasury

State and Local Fiscal Recovery Funds

The Coronavirus State and Local Fiscal Recovery Funds provide a substantial infusion of resources to help turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery.

Business Advisor Learning Center

Federal Resources for U.S. Small Businesses

You can view relevant federal agency resources, access the latest news, and search for a Small Business Advisor near you.

Resilience Compass

Resilience Compass

The Resilience Compass was formed in response to the COVID-19 crisis as a collaborative public service. This group of partners, led by Conveners.org, aims to help small businesses, cooperatives, and nonprofits calmly navigate uncharted waters while accelerating their road to recovery. The Resilience Compass aims to bring helpful resources and guidance from a spectrum of public, private, and local sources that can be filtered to your organization's most pressing needs.

eBay

Seller School

Whether your business is just getting online or you’re looking to expand your ecommerce presence, eBay’s six-week guided Seller School course may be right for you. You can go at your own pace, get tips from eBay experts and join live webinars to learn more about how to maximize your sales on the platform.

D.C. Department of Employment Services

DC Paid Family Leave

The mission of the Office of Paid Family Leave (OPFL) is to plan, develop, and administer a paid leave program for the District of Columbia under the provisions of the Universal Paid Leave Amendment Act of 2016.

 

On July 1, 2020, the District of Columbia began administering paid leave benefits. DC workers can now apply for paid family leave. The Paid Leave Act provides up to:

Small Business Majority

California's Paid Family Leave Program FAQs

California’s Paid Family Leave program (PFL) provides wage replacement benefits to workers who need to take time off from work to bond with a new child or to care for a seriously ill family member.

This document is intended to answer any questions small employers might have about California’s PFL program and its effects on small business owners and their workers.

Small Business Majority

California's Paid Sick Leave Law FAQs

California’s paid sick leave law allows employees to take time off from work to address their health or a family member’s illness without losing a paycheck.

This document is intended to answer any questions small employers might have about California’s paid sick leave law and its effects on small business owners and their workers. 

Contracting opportunities

Breaking into the federal or state procurement processes can offer significant potential for your business. Many regulations require governments to promote small businesses when awarding contracts, especially women-, veteran- or minority-owned businesses. You can use these tools to find out if you qualify and how to start competing for federal or state dollars.

Access to Capital, Contracting opportunities

The federal government spends billions of dollars on contracts each year, making it the largest buyer of goods and services in the country. Working with the government as a supplier or contractor is a huge opportunity for small businesses, especially since federal agencies are mandated to contract at least 23% to small business owners.

Access to Capital, Contracting opportunities

You know you're ready for your business to compete for federal contracts, but you don't know how to navigate the red tape involved. These steps break down the various requirements involved in becoming and staying a federal contractor. 

Access to Capital, Contracting opportunities

Have you heard about federal procurement as an opportunity for your business, but don't understand how to get started? This overview serves as a starting point for small business owners interested in learning more.

Access to Capital, Contracting opportunities

Have you heard that federal procurement is an opportunity for your small, women-owned, minority-owned or disabled veteran-owned business, but don't understand the advantages or how to register? This overview serves as a starting point for small business owners interested in learning more.

Credit Score IQ

So many factors affect your credit score, and figuring out how to boost your score can get pretty complicated. It takes more than on-time payments to build your score, and our Credit Score IQ resources can help you understand how to make the credit changes you need. To view your credit report for free, visit our partner Nav.com/sbm

As you navigate business financing, it may be tempting to use your personal finances to help out when your business needs a boost, but that is not always the best solution in the long run. Separating your personal and business finances can help ensure you treat your business like the independent entity it is, while safeguarding your personal finances.

For many businesses, credit cards are an essential part of your business activities. They can help you build your credit and obtain the assets you need to properly run your business. Unfortunately, bad or non-existent credit may make it difficult to be approved for a credit card. If you are looking to establish or rebuild your credit, a secured credit card can represent a viable option.

Your credit score is an important part of your loan application. But it takes more than on-time payments to build a good credit score. Five factors help explain how credit agencies evaluate the information in your credit reports when calculating your personal credit score. The better your score on each of these factors, the higher your overall credit score. These five main factors include:

Your payment history outlines whether you pay bills on time and is the single most important factor in your personal credit score.

After payment history, your overall debt is the second most important factor in your credit reports. When thinking about your debt in relation to your credit score, you might focus on the total amount of debt you owe. But credit scoring models often work somewhat differently.

Paying your balance off in full doesn’t necessarily guarantee a low debt usage ratio, because in many cases your balance will be reported before, not after, you make a payment. In the case of credit cards, for example, many issuers will report your balance at the end of the billing cycle, when they generate the statement. So let’s say your billing cycle for a credit card ends on January 20th.

Whenever a company or individual accesses your personal credit reports or scores, the credit reporting agency that fulfilled that request must, by law, record that “inquiry” on your credit report. Because certain inquiries have been found to be associated with greater credit risk, they may affect your credit scores.

The best way to address a thin credit file is to actively develop credit. The easiest way to build your credit is to use credit cards. However, without a credit score, you will likely have a hard time getting approved for a typical credit card. In that case, a secured credit card can help you establish credit when you don’t have any.

Figuring out how to access business financing and credit is a common quest for both new and existing small business owners. From start-up costs to new expansion strategies, establishing a strong business credit profile with diverse accounts can help you achieve your immediate and future business plans.

Picture this: You pay your bills on time, you don’t have any credit card debt, and overall, you consider yourself fairly responsible when it comes to spending. You’re ready to apply for a credit card or loan to help you get your future business off the ground, and all of a sudden, you hit a road block. Your request is denied and, upon further research, you find that you have a “thin credit file.”

Financial tools & management

You’ve got the business plan down, but you need some help managing your finances and cash flow. Accounting, taxes, payroll—you deal with enough numbers every month to make your head spin. But you don’t have to tackle the numbers alone. These resources can help you keep your business in good financial health. 

Access to Capital, Business planning and strategy, Financial tools and management

As a small business owner, you put more than your sweat and tears into your business—you also put in your own savings and risk your personal credit to get your business off the ground.

Access to Capital, Financial tools and management

Small business owners seeking funding to start, operate, or expand their businesses often fall prey to lenders who are deceiving about the costs associated with borrowing. Monthly interest rates alone are not an indicator of the overall cost of a loan. Predatory lenders may hide additional costs, such as the annual percentage rate (APR), closings costs, service fees, and other fees or penalties. If you are a small business owner looking for financing, it is essential that you do your research not only to calculate cost accurately, but also to become aware of all lending options available to you.

Access to Capital, Financial tools and management

Compared to bank loans, the application process is a lot more pleasant. The interest rates are higher than what banks would offer but it’s more accessible and convenient. Some common term loan providers are Funding Circle, Dealstruck, and Fundation. 

Access to Capital, Financial tools and management

A merchant cash advance (MCA) is a type of financing in which a business sells a percentage of their future credit/debit sales for an upfront amount. The MCA lender gets paid by directly debiting the card receipts from the merchant’s account daily, before the business itself can access any money from sales.

Access to Capital, Financial tools and management

This article is from Excelsior Growth Fund, a Venturize supporter.

Access to Capital, Financial tools and management

As you navigate business financing, it may be tempting to use your personal finances to help out when your business needs a boost, but that is not always the best solution in the long run. Separating your personal and business finances can help ensure you treat your business like the independent entity it is, while safeguarding your personal finances.

Access to Capital, Financial tools and management

The Right to Transparent Pricing and Terms
You have a right to see the cost and terms of any financing you are offered in writing and in a form that is clearcomplete, and easy to compare with other options so that you can make the best decision for your business.

What this means for lenders and brokers:

Access to Capital, Financial tools and management

For most businesses there are two types of financing: debt and equity. Debt financing is a loan. The lender gives you money and you promise to pay it back with interest—the cost of borrowing the money.  Equity funding means selling a piece of your business. An investor gives you money in exchange for owning a piece of your company.

Access to Capital, Financial tools and management

When it comes to equity funding, women and minority owners have historically had a harder time accessing capital. Luckily, there are a growing number equity firms looking for women-led businesses to fund.  

Access to Capital, Financial tools and management

When it comes to equity funding, women and minority owners have historically had a harder time accessing capital. Below are some of the groups looking to change the status quo.

Access to Capital, Financial tools and management

From startup and everyday operating costs to growth and expansion costs, cash is the lifeblood of a business. Large corporate organizations and small business alike are required to make decisions about where and when to spend (or not to spend) money. To do this, it’s imperative that you monitor what is commonly referred to as “cash flow.”

Legal, licensing and permitting

Navigating the complicated field of business legal help can feel like solving a complicated puzzle. But you need licensing and permits to ensure that your business is operating legally. These tools can help you understand how to identify what you need to navigate the tricky process.

Access to Capital, Legal licensing and permitting

Small business owners like you can do a lot on your own to get your business up and running, including writing a business plan, applying for a license or permit and applying for an employer identification number. However, there are some legal tasks better left to professionals.

Access to Capital, Legal licensing and permitting

Congratulations, you’re ready to start your own business! But how do you actually create that business as a legal entity? This primer covers the basics of making sure you've dotted your i's and crossed your t's. 

Access to Capital, Legal licensing and permitting

Whether you’re a new small business owner or you’ve been growing your business at home and are ready to move it into its own space, finding the right location for your business is a big decision. We’ve outlined several steps to think through before you take the plunge and sign a lease.

Marketing and research

You have a dream for how your business can reach new heights. But growth often means more customers, more sales and a bigger audience. How do you reach these people? Marketing and research. Don’t know where to start? These resources will help you find quick tips or develop a marketing plan that makes sense for your business and your goals. 

Access to Capital, Marketing and research

You’ve created a business plan for your small business, in which you laid out your vision, strengths, resources and goals for the future. Now it’s time to think about a marketing plan. The two documents will work together in helping you realize your small business’s potential.

Access to Capital, Marketing and research

For some small business owners, marketing comes naturally. For others, it's a skill that takes time and investment to get just right. The Small Business Administration has created a quick course covering all the basics you need to know to start marketing your business.

Mentoring and networking

Running a business is one of the biggest challenges you’ll ever undertake. Entrepreneurs with access to a mentor are more likely to start a business and more likely to succeed, and have higher revenues and higher rates of employment. These resources can help you find an advisor to guide you through the ups and downs of running your business. 

Mentoring and networking

Mentors can play a crucial role in the trajectory of a small business through guidance, support and encouragement. Mentors are often industry experts or business professionals who share their insights and knowledge of the industry to help entrepreneurs navigate the ever-changing challenges of business ownership to make more informed decisions.

Access to Capital, Mentoring and networking

As a small business owner, your relationships with your community and your peers are essential to your success. Your fellow business owners can provide much needed support and advice as you grow your small business. This is why many new entrepreneurs turn to a mentor who has already paved their own path. But, a successful mentorship takes effort. Here are some tips on how to have a successful mentor-mentee relationship.  

Access to Capital, Mentoring and networking

Networking is vital to most small businesses. There is nothing that promotes trust like speaking to someone face-to-face. It gives you an opportunity to develop a personal connection to the other person as well as explore potential areas of collaboration or to identify a need that your business can fill.  

Access to Capital, Mentoring and networking

You're passionate about your business and you love what you do, but the day-to-day running of a business is hard. It can also be a solitary job, with the stress of payroll, clients and decisions about next steps all on you. One of the best ways to help yourself, and your business, is to get a business mentor, someone who has been there and done that to be your support.