WWW.BEFCOR.COM June 2012 Newsletter. Entrepreneurs and bankers alike have a tremendous resource in SCORE-- a nonprofit group of volunteers dedicated to the formation, growth and success of small businesses... SCORE and BEFCOR have indeed worked hand-in-hand on many lending projects for entrepreneurs . . .
Entrepreneurs and bankers alike have a tremendous resource in SCORE-- a nonprofit group of volunteers dedicated to the formation, growth and success of small businesses. Sponsored by the Small Business Administration (SBA) since 1964, SCORE has since grown to over 350 chapters and 14,000 volunteers nationwide. North Carolina boasts 15 active chapters with over 460 mentors who have helped over 16,000 start-ups and veteran business clients across the state.
After a long and distinguished career in the world of finance and wealth management, Chuck Sawicki has spent the last five years helping others achieve success as a SCORE mentor. SBA data has over 50% of new businesses failing within the first five years. Sawicki says there are three main reasons:
lack of experience, lack of capital and lack of a plan. He adds, "This is where SCORE comes in. We're a sounding board of seasoned, experienced professionals who have been there. We can teach how to put together a sound business plan, and how to access and best use capital."
SCORE's mentoring and counseling services are both free and completely confidential. They also offer various workshops for a nominal fee. Sawicki says, "While entrepreneurs should definitely sign up and maximize the benefits of this incredible resource, lenders and banks should also refer all their small business clients to SCORE. Especially if they have a small business they have to turn down. Let us work with that entrepreneur to help get them to where they need to be so they can forge ahead with a sound plan and realize their dream. We're here to help make them successful thus, help lenders reduce their level of risk."
SCORE and BEFCOR have indeed worked hand-in-hand on many lending projects for entrepreneurs and we applaud the dedication to excellence SCORE has consistently demonstrated over the years. "These are men and women who were at the top of their respective fields. They made it and realized the dream. Now they want to give back and help the next generation of entrepreneurs realize the same level of success and more," says Sawicki. You can learn more about SCORE at their website: www.score.org.