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Score bank presentation
- 2. What is SCORE? • SCORE is America’s premier source of free and confidential advice for small business entrepreneurs • We are a non-profit association with 320 offices around the country • We offer free mentoring • We provide free or low cost workshops • We offer advice on every aspect of business planning, start-up, management and growth
- 3. We serve six counties: o Coshocton o Fairfield o Guernsey o Licking o Muskingum o Perry
- 4. SCORE Orientation, Training & Certification • Online Volunteer Orientation – 30 minutes • Online Mentoring Training – 2 hours • Online Code of Ethics and Conduct Training – 20 minutes • Counsel clients with an experienced SCORE mentor • Become a Certified Mentor • Attend Monthly Chapter Meetings • Attend available workshop sessions SCORE provides training to provisional members. The first 3 months of training are guided by a dedicated mentor:
- 5. Expectations of Trained Volunteers Mentoring Volunteers • Volunteer weekly as a counselor/mentor for clients – as little as 2 hours/week • Serve on the Executive Board and/or within a committee – 2-4 hours/month • Attend monthly Chapter meetings – 2 hours/month SCORE Volunteers do NOT pay dues, they only donate their time , talent and travel. Can you spare 8 hours a month? In return you receive the satisfaction of helping your community, and gain recognition and respect as a business mentor
- 6. Who do we serve? • Early stage entrepreneurs, who are considering to start a business but who need help defining their ideas, building their plan and obtaining financing • Start-up businesses, who are seeking to grow their business and manage their finances • Established businesses, who are seeking to grow their business and increase their clients
- 7. How Can We Assist You? • Helping to get small businesses “bank ready” • Getting answers to your questions • Prepare a Business Plan • Prepare for the four C’s of credit • Get ready for Loan Application • Gather Personal Information
- 8. How you Can help? • Refer small business clients • Network with Volunteers • Spread the word • Donate
- 9. What Can We Help With? Prepare a Business Plan Answer Loan questions -How much do you want? -What will it be spend on? -How will it be paid back?
- 10. SCORE Resources Training includes learning about SCORE Tools • Business plan templates • Financial statement templates • Mentor Tips • Professional training modules for mentors and clients • Industry information • Connect with 11,000 mentors with varied background and expertise. • Many more tools available to every SCORE volunteer
- 11. Introducing the four C’s of Credit • Character • Capacity • Capital • Collateral
- 12. Prepare for Loan Application Uses SBA’S Form as a guideline
- 13. Gather Personal Information Credit Report with FICO score Financial Statements Personal Budgets -Showing how much money covers living expenses
- 14. Photo by Chris Diebold, A & D Advertising “SCORE gave me one-on-one mentoring, which allowed me to ask questions, get advice and receive feedback. I cannot say enough good things about SCORE.” Victor L. James, II, CEO ICA Enterprises, LLC Newark, Ohio
- 15. Photo by Chris Diebold, A & D Advertising “Our SCORE mentor was very generous with his time and expertise. We truly would not have been able to do this without SCORE.” Mary and Anselmo Morales-Rivera Day Y Noche Restaurant Granville, Ohio
- 16. Photo by Chris Diebold, A & D Advertising “Their mentoring didn’t end once we opened, and we still reach out to our SCORE partners as we grow and seek solutions to tricky issues that can trip up a growing business.” Adam Rhodes, Homestead Brewery Heath, Ohio
- 17. “Where SCORE was invaluable to me was the discussions with my mentor about where I wanted to go with my business and how it should be marketed.” Tami Rossignol, NCIDQ Transitions Interior Design Granville, Ohio
- 19. What Can you do? Refer Potential small business clients to SCORE for mentoring -we can help prepare them for borrowing Refer Existing small business clients to SCORE for mentoring -we can help on increasing income -reduce expenses -improve probability -avoid loan delinquency
- 20. Volunteer Opportunities Ways to Get Involved: • Business mentors • Workshop instructors • Community Ambassadors • Chapter roles: marketing, education, fundraising, recruiting • Skill specific volunteers (e.g. finance, accounting, legal) With SCORE, you’ll be part of an extended team of volunteers representing all facets of the business community. Some volunteers have worked as top executives at Fortune 500 companies. Some have been entrepreneurs and small business owners. Others have valuable experience in universities, government or the military. Whatever your skills and strengths, you can put them to work for SCORE.
- 21. Our Ethics Protecting Our Clients Code of Ethics In order to protect our clients, SCORE has a code of ethics that you will need to agree to and sign annually. Our code of ethics, includes: • SCORE members are unable to make money in any way from SCORE clients. • Volunteer may not use our client or member database for commercial reasons.
- 22. Don’t Worry Score Cannot Recommend a single bank Make promises about loan decisions, fees or pricing Breach Confidentiality agreement Accept any fees for mentoring clients
- 23. Now What? Ask Questions • What else would you like to know? Complete your on-line application • Go to www.score.org OR www.eastcentralohioscore.org Network with our volunteers • We have brochures and business cards, please take them and feel free to reach out to us after you leave. Spread the word • There is such a demand for our services, we always need more volunteers. • There are many potential volunteers in East Central Ohio. Please tell them about SCORE and how we impact our community and economy.
- 24. Conclusion