The Polsky Small Business Financial Fundamentals program helps business owners who are actively seeking to secure capital through a bank loan or other fundraising to have the financial documentation needed. This program leads entrepreneurs to refine their financial reporting, create financial projections, increase knowledge on access to capital, build business credit, and manage business finances. This program recruits business owners on Chicago’s South and West Sides, aiming to help better position small businesses to apply for capital.
What small business clients will receive:
- Financial management knowledge and skills training developed and delivered by Chicago Booth faculty, students, Polsky staff, 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 designed to prepare business owners to secure capital
- 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 thanks the Chicago Community Loan Fund for providing support for this program. Small Business Financial Fundamentals runs in partnership with South East Chicago Commission, LISC, and PNC Bank.