The U.S. Small Business Administration has joined forces with Experian, the leading global information services provider, to launch BusinessIQ Express, an online cash flow management tool, for small disadvantaged firms in SBA’s 8(a) Business Development program and firms certified in SBA’s Historically Underutilized Business (HUB) Zone program.
SBA and Experian’s Business Information Services will host a webinar on April 2, 2013, from 2:00 – 3:00 p.m. EST, to educate firms in SBA’s 8(a) Business Development and HUBZone programs on how BusinessIQ Express can assist them with managing their business relationships.
Small disadvantaged, 8(a) and HUBZone firms can register for the event at: http://event.on24.com/r.htm?e=592082&s=1&k=9EBFCA1FFEF608DF520915F788868AE7.
BusinessIQ Express is an online cash flow management tool that provides small businesses with the resources to make quick and informed decisions on prospective customers’ ability to pay by providing insight on the financial health of the business. The online tool will help small business owners to:
- evaluate prospective customers’ and suppliers’ ability to pay;
- monitor business relationships with alerts and notifications of key changes; and
- collect outstanding debts and avoid future losses.
The 8(a) Business Development program is a nine-year program which provides socially and economically disadvantaged firms access to government contracting opportunities and specialized business training and counseling to help them become viable competitors in the federal marketplace.
The HUBZone program helps small businesses located in economically depressed areas and urban and rural communities with high unemployment get contract assistance and promote job growth and economic development in their communities.