How does the Kentucky SBDC benefit lenders?
When you send your small business loan clients to the Kentucky SBDC for technical assistance, you are providing them with access to a statewide network of experienced business coaches, resources, and partnerships. We work with your client to prepare their business plan, understand their market, and make more informed decisions.
Planning and Preparation
Utilizing specialized tools, we work with business owners and potential entrepreneurs to develop a comprehensive business plan, including financial projections that are based in reality.
Information and Insights
We help clients conduct market research to better understand their target market, their industry, and their competition.
An informed business owner makes better decisions.
The Kentucky SBDC Business Coach works with the small business owner or potential entrepreneur to identify and challenge their assumptions. We also educate the business owner or potential entrepreneur on the financing process and what is required.
Our business coaches continue to work with small business owners after they’ve obtained the loan. We’re the entrepreneur’s trusted advisor, offering analysis and coaching services to help the business grow. And, since their tax dollars have prepaid for SBDC services, there’s never a fee to work with the Kentucky SBDC.