Build Business Credit with a Matched Savings Grant from HSBC

Event Information

Share this event

Date and Time

Location

Location

PACE Business Development Center

1055 WILSHIRE BLVD Ste 900B

Los Angeles, CA 90017

View Map

Event description
Build Business Credit with a Matched Savings Grant from HSBC Build Business Credit with a Matched Savings Grant from HSBC

About this Event

Want to learn more about where to get capital for your young business? Confused by all the options? This free workshop is for small businesses that are navigating the complex world of credit and small business financing. We will also be introducing a new program with HSBC – Secured Business Credit Card to help build business credit

Build Business Credit with a Matched Savings Grant from HSBC

This workshop will cover the basics of personal credit, the reporting agencies, credit reports and scores. Learn about each component that makes up your own personal report and understand the FICO scoring model. All consumers should have a vested interest in establishing and preserving their credit worthiness and credit standing, because you’ll need to in order to obtain and use credit even when starting a business.

Are you considering applying for a small business loan in 2019? Now is the time to start and make a commitment to better spending habits, more savings and an improved credit score. You will need to make sure all of your “financial ducks” are in order before making a serious commitment. Learn how to determine the right amount of debt to take on and how to develop a recovery plan when overwhelmed.

What can impact your score to increase or decrease

Cost of having good vs. bad credit

Your rights as a consumer

Opt Out Options

How to get your official FREE credit report

Tips to avoid identity theft

New credit card rules and policies

We will also be introducing a new program we have with HSBC – Secured Credit Card to help small businesses build their business credit! More info below:

The HSBC Secured Credit Card program provides business and credit counseling, matched savings grants, and access to the mainstream banking system to those seeking to improve their financial stability.

PARTICIPANTS OF THE HSBC SECURED CREDIT CARD PROGRAM RECEIVE THE FOLLOWING BENEFITS:

Business Development Center (BDC) Training and Counseling

Access to all BDC classroom trainings and one-on-one counseling which provide nascent and existing entrepreneurs with the tools to operate sustainable businesses and successfully manage their personal finances. BDC services include credit/financial counseling, business development training, technical assistance and access to capital.

HSBC Savings Account

Access to a savings account through HSBC.

HSBC Secured Credit Card

0% Introductory interest for 12 months

$0 Annual fee

Graduate to regular credit card with proven credit worthiness

$500 Matched Savings Grant

Participants who successfully save $500.00 will receive a $500.00 matched savings grant. The total $1,000.00 is then available for usage to open a HSBC Secured Credit Card.

PROGRAM ELIGIBILITY AND REQUIREMENTS

In order to receive a matched savings grant, participants must meet the following requirements:

Be an existing business owner in the City of Los Angeles (with proof of business)

Enroll into PACE BusinessSource Center

Complete at least two hours of business or credit training

Make a deposit of $500.00

Remain in the program for at least 12 months

Date and Time

Location

PACE Business Development Center

1055 WILSHIRE BLVD Ste 900B

Los Angeles, CA 90017

View Map

Save This Event

Event Saved