The Greater Augusta Black Chamber & GABCC Foundation
Proudly Presents
The City of Augusta Business Equity Fund (CABE Fund)
Program Overview
The City of Augusta Business Equity Fund (CABE Fund) is administered by the Greater Augusta Black Chamber Foundation. It provides funding for small businesses and social enterprises in the Greater Augusta Area that are seeking economic relief due to the lingering impacts of the Covid-19 Pandemic. Specifically, this program assists small businesses with less than 10 employees by providing technical assistance, capacity building, and funding support through guaranteed grants and loans.
On April 19, 2022, the Augusta Commission approved an allocation of $425,000 to the Greater Augusta Black Chamber of Commerce. The funds provided by the City of Augusta will be dispersed in accordance with the final ruling of the American Rescue Plan Act to assist local small businesses that have been negatively impacted by the recent economic downturn. In return for the use of public funds, we encourage small businesses to create job opportunities as a benefit to the local community.
The CABE program is offered in the CSRA area as a comprehensive and innovative approach to assist both new and existing entrepreneurs. This program provides four weeks of training and an additional six weeks of coaching and mentorship for new and existing minority-owned business owners and entrepreneurs. TO LEARN MORE ABOUT THE QUALIFICATIONS and ELIGIBILITY, PLEASE ATTEND ONE OF THE UPCOMING ORIENTATIONS SESSIONS ON JUNE 22, 2023.
Register for our Upcoming Orientation Online
Capacity Builder Sessions
Workshops, Networking, Business Advocating, Webinars, and More…
Introduction to Entrepreneurship
After completing this module, participants will be able to: (1) Distinguish the myths and realities of small business ownership. (2) Start a self-assessment to determine their readiness to become business owners. (3) Set a plan of action gathering feedback from family, friends and potential customers.
Legal Structure
After completing this module, participants will become familiar with the common types of business formations including: The pros and cons of business structures: Sole Proprietorship, Partnership,
Limited Liability Company (LLC), Corporation,
S-corporation
Business Planning Basics
After completing this module, participants will be able to: (1) Convert a vague idea into a resource plan. (2) Understand how a business plan helps motivate stakeholders to support their business ideas. (3) Understand the importance of personal credit and a healthy relationship with lenders.
Insurance 101
After completing this module, the participants will be able to: (1) Understand their business’ insurance needs. (2) Choose the insurance products that are best for their business.
Financial Management
After completing this module, the participants will be able to: (1) Understand the essentials of financial management and basic recordkeeping. (2) Apply financial management practices, rules, tools, and technology most relevant for small businesses. (3) Prepare for common business financing needs: start-up finance, working capital, and fixed asset loans.
Credit Reporting
After completing this module, the participants will be able to: (1) Understand how credit reports are used in the underwriting of business loans. (2) Apply common business practices and tools to help in proper credit reporting. (3) Develop strategies to build or improve their business’ credit. (4) Protect themselves from credit-related scams and know what to do if their business becomes a victim.
Tax Planning and Reporting
After completing this module, the participants will be able to: (1) Predict their businesses’ federal, state and local tax liabilities. (2)Prepare for tax obligations and establish proper accounts. (3) Obtain the proper licenses for their business and meet reporting requirements.
Banking Services
After completing this module, the participants will be able to: (1) Recognize the most common banking services for small businesses, including merchant services, payroll processing, business credit and others. (2) Understand how other small business owners decide which banking services to use. (3) Evaluate the applicability of each of banking service to their business needs.
Business Growth Fundamentals
After completing this module, the participants will be able to: (1) Learn the fundamentals of how to scale and grow your business. (2) Learn strategies for increasing revenues and market share. (3) Intro discussion on licensing, franchising and selling your business concepts.
Marketing/Branding 101
After completing this module, the participants will be able to: (1) Discover how to develop/build an effective brand (2). Learn various marketing methods and strategies to promote your brand (3) Explore case studies on companies that have created effective multi Brands across cultures and geographies (4) Understand how to value and capture returns on your brand,
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