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Show Me the Money! Financing a Small Business

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Show Me the Money! Financing a Small Business

Grades 6 - 8

45 Minutes

Overview

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Show Me the Money! Financing a Small Business

More from this collaborator

Grades 6 - 8

45 Minutes

Learning Standards: Common Core (ELA)

Overview

Students explore how startups and other businesses obtain funding through loans. They begin by brainstorming what resources they would need to start a business and how they would obtain those resources. They then identify potential sources of funding before breaking into teams to learn about small business loans. Students watch a video about a small business owner and answer questions about the lending process. They identify factors that lenders consider and define key terms that borrowers need to know. Teams practice calculating interest, total repayment amounts, and monthly installments on different loan amounts. Finally they match loans to business needs.

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