Technical assistance requirements can be difficult for lenders to monitor, but the E-Myth Technical Assistance Online program makes it easy for both the lender and the borrower
Santa Rosa, CA (PRWEB) July 2, 2009
To support the Small Business Administration's efforts to stimulate the U.S. small business economy, E-Myth Worldwide® today announced the launch of the E-Myth® Technical Assistance Online™ (TA Online) program, an online business education program that makes it easy for lenders to provide the technical assistance required by the SBA's Community Express Pilot Loan Program.
The Community Express Pilot Loan Program provides a unique combination of financial and technical assistance to small business owners and entrepreneurs in underserved communities. In order to receive a Community Express loan from an SBA lending partner, entrepreneurs must meet a technical assistance - or business training and education - requirement.
As the pioneer and leading innovator of small business coaching and learning systems, E-Myth has created an online program that provides real-world business training that allows borrowers to meet the technical assistance requirements, and provides valuable information to help them build sustainable, successful businesses.
For the past 18 months, E-Myth has partnered with Superior Financial Group, the second largest SBA lender to customize and deploy the innovative TA Online Program. Thanks to this partnership, the E-Myth TA Online program has been completed by over 2,400 borrowers resulting in new funding of more than $23 Million worth of SBA loans.
E-Myth's TA Online allows Superior Financial Group to easily manage technical assistance compliance, measure the impact of TA to loan default reduction and offer personalized post-loan technical assistance based on the profile of individual business owners. Tim Jochner, President of Superior Financial Group said, "The E-Myth TA Online system has enabled us to focus in on the borrower's weaknesses within minutes. The system also puts together an action plan based around said weaknesses which enables the borrower to get trained right away."
The E-Myth TA Online program consists of four components:
- A personalized assessment to determine the borrower's business skills
- A score card that presents required and optional courses aligned to the SBA technical assistance requirements
- Award-winning, online courses based on E-Myth's proprietary business building perspective
- A system that allows lenders to track completion, certifications, compliance and post-loan technical assistance needs
"Technical assistance requirements can be difficult for lenders to monitor, but the E-Myth Technical Assistance Online program makes it easy for both the lender and the borrower," said Walter Good, President of E-Myth Licensing Division. "The E-Myth TA Online interface allows lenders to confidently deliver and monitor SBA-compliant technical assistance, and the courses provide small business owners with the critical business success education E-Myth has been delivering for more than 30 years."
Superior client David Belt President and CEO of Q-Case, Inc. commented on the E-Myth TA Online experience, "The online workshop covers all of the essential aspects of starting and managing a successful business. The entire business process, from concept to selling your product and/or service is articulated in a concise and well written format for you by E-Myth. For the new entrepreneur like myself, the online workshop helped me get started in the right direction with minimum time and investment. The program is full of business wisdom and helpful guidelines that will help anyone manage the process of the entrepreneurial venture better with less effort and costly mistakes."
For more information on the E-Myth TA Online program, contact Debra Strathman at 707-569-5600.
About E-Myth Worldwide:
E-Myth Worldwide is the leader in business success coaching, training and education programs and services. For more than 30 years, the company has provided the programs, systems and tools that inspired founder Michael Gerber's bestselling handbook for small business owners, The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It. Today, E-Myth coaches entrepreneurs to use the same time-tested business development formulas to build predictable, sustainable and successful businesses. Visit http://www.e-myth.com for more information about E-Myth.