SBA Offers Resources to Help Small Businesses in Current Economy

The U.S. Small Business Administration is offering entrepreneurs free online training and other resources to assist them in more effectively managing their firms in the current economy.

The course topics are available at Topics include revising business plans to reposition with current conditions, winning customers in a slowing economy, restructuring existing debt, and diversifying your customer base with federal contracts.

The most recently added course is “Downshifting in a Slowing Economy: A Business Planning Guide,” designed to help business owners reorganize and streamline their business strategies.

Other related business tools include a new automated business plan template, and an assessment and strategies guide for surviving in a slowing economy.

The SBA also noted that it can help business owners find local agency offices and lenders. Business owners can: talk with an SBA representative about financing options and identify local, participating SBA lenders; learn about SBA’s Loan Guaranty Program through an electronic guide; and receive counseling and mentoring services by talking with an SBA representative or resource partner.