Financial Literacy for Businesses
Understanding financials is key for the owners of an enterprise – they need to be the first to know if their business is growing or folding. Unfortunately, not all entrepreneurs are financially literate.
To bring this crucial education to the Denver entrepreneurial community, the Denver Metro Chamber of Commerce, in partnership with EverFi, a leading education technology firm, and BBVA Compass, has developed an innovative financial education program that focuses on financial literacy in small businesses, offering a state-of-the-art experience for all participants.
In this new partnership with BBVA Compass, entrepreneurs will learn how to:
- Effectively use credit,
- Raise capital through various debt options,
- Review financial reports and learn how to understand the financial condition of their business,
- Learn the importance of business plans and how to write them
- Explore a variety of banking services and products available especially for small businesses
All classes are free of charge thanks to the BBVA Compass Center for Financial Education.
How Businesses Obtain Credit
In this workshop, business owners will learn the value of credit worthiness and how to maintain a good business credit score. They’ll also discover the documents necessary to make a successful application for a business loan.
How Businesses Use Credit
In this workshop, business owners will learn the types of credit available to small business owner such as lines of credit, credit cards, and term loans, as well as financing options from the Small Business Administration.
Small Business Banking Services
In this workshop, business owners will learn about the variety of banking services and products available especially for small businesses. At the end of the workshop, business owners will be able to identify the services their business needs and build a relationship with a financial institution that can meet those needs.
Business Financial Statements
In this workshop, business owners will learn the three most important financial documents: balance sheets, profit and loss statements, and cash flow reports. At the end of the workshops, business owners will be able to prepare or work with a professional to prepare these documents for their business.
Denver Metro Chamber of Commerce
1445 Market St.
Denver, CO 80202