The Polsky Small Business Financial Fundamentals program helps business owners refine financial reporting, create financial projections, increase knowledge on access to capital, build business credit, and manage business finances to achieve profitability and improve cash flow. Geared toward minority-, women-, and veteran-owned business owners on Chicago’s South and West Sides, the program aims to better position small businesses to apply for capital.
- What small business clients will receive:
- Financial management knowledge and skills training from Chicago Booth faculty and financial partners
- Responsive financial analysis and assistance in looking at past operations and forecasting a post-COVID reality for companies
- Participation in a learning cohort of other business owners facing similar opportunities and challenges
- Development of a final, individualized report focused around an agreed upon topic and based on research and touch points between client and team
- Individualized preparation for, and analysis of, appropriate financial capital opportunities
- Access to the Polsky Center resources; i.e. mentorship, programming, etc.
The Polsky Center for Entrepreneurship and Innovation and UChicago Office of Civic Engagement are thankful to support from the Chicago Community Loan Fund for this program and partnership with South East Chicago Commission, PNC Bank, and GN Bank in developing the Small Business Financial Fundamentals program.