MACED Business Development Technical Assistance

technical assistance

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Since its founding in 1976, MACED has operated with the belief that to be effective small business lenders must couple capital investment with useful business assistance that makes a difference to borrowers. MACED focuses our attention on one-on-one technical and financial management support and uses our loan products as tools to help ensure managed growth within a healthy business context.

For assistance in writing your business plan, please visit the Kentucky Small Business Development Center.

MACED staff and qualified contractors form a network of support throughout our service region including accounting professionals, manufacturing process consultants, human resource benefits consultants and finance consultants. In addition, MACED staff offer a FastTrac New Venture class for new start-up businesses.

MACED’s technical assistance focuses on financial management systems development to help borrowers keep track of their day-to-day operations and profitability. Our reliable partner contractors work with pre- and post-loan businesses on the following system improvements.

• QuickBooks and other accounting software installation and training

• Strategic planning services

• Business plan critiques

• Development of financial projections

• Plant production and process efficiencies

• Process improvements and layout

• Job costing, pricing and loading

• Inventory management system creation and training

• Technology improvements to increase production efficiencies and profitability

All initial assessments and some services are provided at no cost.

Technical Assistance Loans

Some MACED borrowers finance these services with a low-interest technical assistance loan, which helps them afford one-on-one technical assistance to strengthen their operations. Some of the eligible activities include the following.

• Financial management systems (including software purchase and installation)

• Marketing and operations training

• Professional certifications

• Website and e-commerce capacity development

• Marketing assistance

• Inventory control systems

Please contact us for more details about the about a technical assistance loan. Some restrictions apply.

Contact MACED Senior Lender Greg Doyle at 859-986-2373 or gdoyle@maced.org for more information.