FICO & Small Business Organizations Commit to Credit Education

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This post was contributed by a community member.

Did you know that 75% of small business owners rely on personal capital to start and build their businesses? And that access to capital is one of the top concerns facing today’s small businesses? Entrepreneurs and small business owners need resources from trusted sources to help them as they bounce back stronger and more financially secure coming out of the pandemic and the economic crisis of last year.

One of the best ways to help America’s small businesses is to help them understand their credit scores and learn the tools they need for their financial health and future. That’s why FICO has teamed up with some of the leading small business organizations in the country to deliver a free financial education event, Score A Better Future | Small Business, on Thursday, June 24 from 2:00-3:00 p.m. EST.

Since 2018, FICO has invited consumers to broaden their credit education through its successful, free-to-attend Score A Better Future program. This event series has provided thousands of attendees with the opportunity to learn about the key ingredients that make up the FICO® Score, how credit scores are used in credit decisions by lenders, as well as the myths and facts about FICO® Scores, which are used by 90% of top U.S. lenders.

FICO is committed to extending its financial education resources to the individuals pursuing small business ownership who are at the backbone of the US economy. Over 30 million small businesses existed in 2020 and employ more than 60.5 million workers, accounting for 47% of the United States workforce (SBA).

FICO is delighted to be able to partner with the Small Business Roundtable, the U.S. Hispanic Chamber of Commerce and the National Association of Women Business Owners on Score A Better Future | Small Business. Women and minority owned small businesses are some of the fastest growing segments of our economy, but they were also some of those hit hardest by the pandemic. If we want to diversify and grow our economy in the future, we must invest today in helping America’s small businesses realize their potential.

Other national partners supporting the event include:

  • Consumer Action
  • Operation Hope
  • Diversified Resource Network
  • National Urban League
  • National Consumers League
  • National Association of Real Estate Brokers

For more event details and to register, please visit:  Score A Better Future | Small Business.