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Money Smart modules updated
The Federal Deposit Insurance Corporation and U.S. Small Business Administration (SBA) have released two updates to the popular Money Smart for Small Business curriculum. The updated modules focus on banking and credit, and are now available for banks and small business development organizations to use to help small business owners succeed.
The updated version of Money Smart for Small Business is a valuable resource that the FDIC and the SBA have produced to help ensure entrepreneurs are fully equipped to compete in and contribute to the nation's economy," said Allen Gutierrez, Associate Administrator for the SBA's Office of Entrepreneurial Development.
The updated Banking Services module now includes a discussion of traditional banking products, non-bank financing options and sources, and how to avoid fraud and scams. Similarly, the updated Building Strong Credit module explains how a business owner's personal credit history can impact their business, how business credit reporting works, and how a potential lender evaluates the overall creditworthiness of a small business.
A case study brings both modules together and asks participants to put from industry experts and other practitioners, including more than two dozen organizations that have used previous versions of the Money Smart materials.