Quick Bio
IBE celebrates cultural diversity and inclusiveness across all races, ethnicities, nationalities, generations, socioeconomic levels and religious affiliations. IBE continues to strive for excellence by providing unique events and programs that reflect the changing landscape of Indiana and the world. IBE's commitment to excellence through personal enhancement and community development exemplify our dedication to improving the quality of life for all. With a statewide infrastructure now including 12 chapter affiliates, IBE continues to be a major economic and social contributor to our youth and the Indiana community.
Services Provided
One-on-One Virtual Counseling covering topics necessary to prepare for obtaining loans and the effective management of capital.
Webinar Group Trainings covering the following topics:
The 5 C's of Credit (Capacity, Capital, Character, Collateral, and Conditions), Capital Readiness Assessment - The financial advisor will share underwriting criteria of individual lenders and a capital readiness checklist to complete which will include criteria such as:
Status (specific purpose for financing, estimate of cost to start or expand business, experience in industry/running business, investment of money in business),
Personal (credit score, personal assets and liabilities, up to date personal tax filings, monthly household income and expenses, previous bankruptcies, collateral, US citizenship or immigration status, ITIN, felony convictions, garnishments, liens, child support or alimony)
Cash Flow (ability to pay bills on time, budget for how to use the loan received, current cash flow will cover loan payments)
Accounting & Bookkeeping (accurate financial statements, including balance sheet and income statement; CPA, bookkeeper or accounting system; business bank account; list of business assets and liabilities)
Quickbooks 101 Training (fundamentals of setting up a company file to navigating the user-friendly interface, chart creation, client and vendor management, transactions, financial management and reporting)
Effectively Managing Capital and Debt (financial health strategies, including the creation and maintenance of a budget, paying down debt strategies, healthy spending habits, tax avoidance and building emergency funds)
Virtual or In-person Offerings
IBE will offer a hybrid of a virtual one‐on‐one counseling sessions, virtual webinar group trainings, and a full‐day financial management training. IBE can also offer in person advising for Indianapolis and the surrounding counties.
Best Suited for
Indiana Black Expo (IBE) Technical Assistance program is best suited for entrepreneurs who are in the early to mid-stages of their business and seeking guidance on accessing and managing capital. This program is ideal for those looking to enhance their financial literacy and improve their business creditworthiness.
Apply for Technical Assistance