What would you do with $400,000? That’s the amount of financing you could qualify for as a small business applying for a grant or loan through Connecticut’s myriad of lenders. The staff at the Women’s Business Development Council, headquartered in Stamford CT, knows a thing or two about how small businesses can invest their limited budgets to help grow their businesses. Over the past 20 years, they’ve worked with nearly 19,000 entrepreneurs and business owners from across the state and assisted in the creation of nearly 1,800 businesses. Here’s advice from Jennifer Hrbek, their Director of Programs and Services and a licensed Master of Social Work and Certified Financial Social Worker on the best way to invest your money as you’re starting up:
The Women’s Business Development Council believes that the biggest barrier facing women entrepreneurs is not only the access of capital but, even more so, the access to financial education and small business resources. The Women’s Business Development Capital Program is focused on providing that financial education and personal finance coaching to better prepare our clients to successfully access the funds available to them. To date, we have worked with twenty-three Women’s Business Development Council clients to help them secure $3M in grants and loans. To learn more about how we can work with you to improve your access to capital please contact us at 203-751-9550.