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VISA U.S.A. announced Wednesday it has signed an agreement with the Service Corps of Retired Executives (SCORE) to become a small business financial management partner. VISA will provide financial management workshop templates and background materials for SCORE counselors among 389 local SCORE chapters. There are more than 12,000 volunteer counselors serving about 250,000 entrepreneurs annually.

FULL STORY:

Visa U.S.A. announced today that it has signed an agreement to become the “small business financial management partner” of the Service Corps of Retired Executives (SCORE). Visa will work with SCORE on a national, as well as a local chapter, basis to provide valuable information to thousands of small business clients who visit 389 local SCORE chapters nationwide.

As part of the program, Visa will provide financial management workshop templates and relevant background materials for SCORE counselors to share with their clients in workshops and in individual counseling sessions. Planned topics for SCORE/Visa educational materials include finding capital, managing for financial growth, separating personal and business expenses and obtaining a loan. Visa and SCORE will conduct research to identify emerging trends in the small business community and provide information on how entrepreneurs should move forward with their financial management in the face of changing markets. In addition, the SCORE web site will be hot-linked with the Visa Small Business Web Site.

SCORE is a non-profit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. More than 12,000 working and retired executives and business owners volunteer their time and expertise as SCORE counselors. Each local chapter searches its roster to pair clients with counselors who have experience in their field of business. In 1996, SCORE provided business advice, counseling, mentoring and workshops to more than 250,000 entrepreneurs.

“Visa and SCORE share the common goal of providing both guidance and relevant information to small businesses,” said Michael Rodriguez, director, Visa Business Commercial Card Products, Visa U.S.A. “This partnership will bring to bear our complimentary resources to the ultimate benefit of current and future businesses.”

“Probably the most frequently-asked question from clients is how to find and manage finances,” said Ken Yancey, Executive Director for SCORE. “With its extensive network of member banks and financial experts, Visa is the ideal partner to work with our counselors to address and offer advice on such issues.”

Formed in 1964, SCORE is a resource partner with the Small Business Administration (SBA). SCORE Association volunteers serve as “Counselors to America’s Small Business.” In addition to free, one-on-one counseling, volunteers coordinate low-cost seminars and workshops. Since 1964, more than 3.5 million Americans have participated in SCORE counseling and workshops. For more information on SCORE, visit the National SCORE web site at http://www.score.org.

Visa offers a range of commercial card products for companies of all sizes. In addition to the Visa Business Card, the company also offers the industry’s most widely-used purchasing card and the Visa Corporate Card.

Visa is the world’s largest consumer payment system. It plays a pivotal role in advancing new payment products and technologies to benefit its 20,700 member financial institutions, their cardholders, and the global economy. Visa’s 561 million cards are accepted at 13 million locations worldwide. The Visa Global ATM Network consists of more than 342,000 ATMs in 113 countries. For more information on Visa, visit Visa EXPO at http://www.visa.com.

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