Empowering Small Businesses with Financial Literacy

by | Oct 30, 2023

At SCMBA and MBAC, we’re excited about our latest initiative: the Capital Conversations series. This powerful program is designed to equip small business owners with the essential skills and knowledge they need for financial success. Using the Money Smart modules created by the FDIC and SBA, this series is a resource that’s all about boosting economic growth, improving credit, and fostering strong banking relationships for minority-owned businesses.

What makes Capital Conversations even more special is our collaboration with three prestigious banks: Huntington Bank, Key Bank and PNC Bank. Together, we’re on a mission to empower entrepreneurs and small business owners, offering them the tools and insights they need to thrive.

On Tuesday, September 19, we had the privilege of welcoming Huntington Bank to our Capital Conversations workshop series. The focus of this session was “Banking Services.” Participants received a wealth of information on the banking services their businesses might require, various financing options, and, importantly, how to protect themselves from fraud and scams.

A special shoutout to Huntington Bank for sharing their expertise and insights, covering topics such as:

  • Establishing and nurturing long-lasting relationships with bankers
  • Choosing the right financial institution
  • Evaluating financial institution services and products
  • Understanding small business finance options and lenders
  • Making informed decisions when it comes to financing
  • Increasing the chances of loan approval
  • Identifying and avoiding small business fraud, scams, and cybersecurity risks

On Tuesday, October 17, we were delighted to host Bob McKee from KeyBank for another engaging session. This time, we delved into crucial topics like effective financial management, budgeting, understanding financial statements, exploring business financing options, and mastering small business bookkeeping. A heartfelt thank you to KeyBank for their contributions during this session!

The learning doesn’t stop there! We invite you to join us for our next session, “Insurance for Small Businesses,” which is scheduled for Tuesday, November 14. This session will be presented by PNC Bank, and it promises to be another informative and enriching workshop.

Stay tuned for more Capital Conversations, where the path to financial success meets incredible opportunity! These sessions are held monthly! Check out the schedule:  www.bit.ly/CapitalConversations


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