FDIC Money Smart for Small Businesses

The FDIC's Money Smart financial education program helps people of all ages enhance their financial skills and create positive banking relationships. The modules below were specifically selected for their relevance to our small business clients who want to enhance their understanding of how our financial system works, how to utilize it to meet their needs, and how to manage their fiscal responsibilities effectively. See the full list of modules available for Money Smart at FDIC.gov.

FDIC Money Smart for Small Businesses

Money Smart for Small Business (MSSB) provides an introduction to topics related to starting and managing a business. MSSB was developed jointly by the FDIC and the U.S. Small Business Administration. The full materials are available for immediate download at Money Smart For Small Business.

Banking Services 

Topics

  • Identifies the banking services commonly available to a small business and explains how these services work
  • Identifies the advantages and disadvantages of each of the banking services
  • Explains how a small business owner can determine which banking services are best for their business
  • Defines several forms of deposit insurance
  • Describes some benefits of building effective long-term relationships with a banker or lender
  • Describes the role of a personal credit score in the lending process
  • Explains the benefits of separating business and personal bank transactions

Topics

  • Identifies the banking services commonly available to a small business and explain how these services work
  • Identifies the advantages and disadvantages of each of the banking services
  • Explains how small business owners decide which banking services are best for your business
  • Defines several forms of deposit insurance
  • Describes some benefits of building effective long-term relationships with a banker or lender
  • Describes the role of a personal credit score in the lending process
  • Explains the benefits of separating business and personal bank transactions

Business Planning 

Topics

  • Explains how an evolving planning process can help a business owner make key decisions
  • Describes how to convert a vague idea into a resource plan
  • Explains the importance of a healthy personal credit score and healthy relationships with lenders
  • Describes how a business plan helps motivate stakeholders to understand and support your business ideas
  • Explains the benefits of creating a day-to-day action plan for running a small business

Topics

  • Explains how an evolving planning process can help you make key decisions as business owners
  • Describes how to convert a vague idea into a resource plan
  • Explains the importance of a healthy personal credit score and healthy relationships with lenders
  • Describes how a business plan helps motivate stakeholders to understand and support your business ideas
  • Explains the benefits of creating a day-to-day action plan for running a small business

These training materials are intended as general guidance only and may or may not apply to a particular situation based on the circumstances. The materials do not create any legal rights or impose any legally binding requirements or obligations on the Federal Deposit Insurance Corporation (FDIC) and U.S. Small Business Administration (SBA). The FDIC and SBA make no claims or guarantees regarding the accuracy or timeliness of this information and material.

The content of this training material is not designed or intended to provide authoritative financial, accounting, investment, legal, or other professional advice which may be reasonably relied on by its readers. If expert assistance in any of these areas is required, the services of a qualified professional should be sought.

Reference to any specific commercial product, process, or service by trade name, trademark, manufacture, or otherwise does not constitute an endorsement, a recommendation, or a preference by the FDIC and SBA or the United States government.

Resources

FDIC Money Smart

FDIC Money Smart materials are provided in the PDF file format. To read PDF files, download Adobe Reader at get.adobe.com/reader.

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