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. For online tutorials, please visit the iCapital Assistance Network. This virtual environment is designed to walk you through the business plan and loan process.

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 Loan Fund Manager Greg Doyle at 859-986-2373 or gdoyle@maced.org for more information.