SMB Financial Education: A Trillion Dollar Opportunity for Banks
The business case for investing in small business financial education.
Many small business challenges are related to a lack of financial literacy and knowledge. Owners often struggle with the overall cost of owning and operating a small business, including financial planning, loan applications, and credit management. Many lack a formal business plan and proper cash management strategies.
This report, by EVERFI, explores
- The financial literacy gap among small businesses
- The business case for investing in SMB financial education
- Best practices for SMB financial education
