Restaurant Revitalization Fund (RRF) is closed accepting any new application. You can check your application status under the application portal: If you are experiencing any issues with the application portal or have any questions regarding the RRF program, please contact the SBA RRF call center at 1-844-279-8898. Support is available in multiple languages with the call center. If you require assistance with your application, please register for our FREE counseling on our website:
The Pacific Islands Small Business Development Center Network (PISBDCN) and the Guam SBDC will temporarily stop accepting walk-in assistance or in-person counseling. To avail of our free services you may email us at or contact us at (671) 735-2590.
Click here for our special bulletin page relative to COVID-19

Managing Credit for Financing

Submitted by sbdc admin manager on Mon, 2018-07-16 10:01
Obtaining bank financing can be roadblock for startup business and existing business. Understanding and managing owner's personal credit are keys to success if financing is the only option available for your business. In this workshop, we will examine the basic facts of credit reporting and factors that affects credit score. It also covers several distinct areas in which will assist individual business owners to read and resolve errors on credit report, tips on managing personal credit, and the basic requirement on the SBA guaranteed loan program.

How to Start a Food Business

Submitted by sbdc admin manager on Mon, 2018-07-16 09:57
Are you ready to turn your dream of owning a food service business on Guam into a reality? Before you buy your first piece of inventory, rent your facility, or print business cards with a great name, you need to lay the groundwork for success. This workshop will cover the business plan basics and local government agencies' rules and regulations you will need to be aware of before you apply for a business license, and help you hone your food business idea into a well-designed concept.

Introduction to Financial Statements

Submitted by sbdc admin manager on Mon, 2018-07-16 09:52
Attendees unfamiliar with accounting practices will be introduced to basic financial accounting concepts including but not limited to profit & loss, balance sheets and cash flow statements. Each attendee will also learn how to read, and use the tools and techniques needed for understanding an entity’s financial statements. Main components of each report will be reviewed and you will learn how each statement interacts with another to help you effectively develop financial controls.

Benefits of Record Keeping for Farmers with USDA Farm Service Agency (FSA)

Submitted by sbdc admin manager on Mon, 2018-07-16 09:45
Farm Service Agency (FSA) is here also to give you some ideas on how to keep basic financial records, farm production records, and the types of records that FSA is looking for. FSA explains the benefits of the Reimbursement Transportation Cost Program. Participants will be able to obtain vital information and resources to start, own, and manage a farm business.

QuickBooks Training

Submitted by sbdc admin manager on Mon, 2018-07-16 09:08
This course will provide general overview features relating to inventory management, sales tax set up and overview of managing payroll in QuickBooks. It will teach you how to fill out purchase orders, track inventory, and identify possible stock loss. You will also learn how to set up sales tax, determine business sales tax liability and prepare timely and accurate sales tax remittance. It will cover a wide range of payroll related topics from setting up employee’s payroll and payroll schedules, issuing and printing payroll checks.

How to Write a Business Plan

Submitted by sbdc admin manager on Mon, 2018-07-02 10:53
This seminar will cover all of the elements to be included in a business plan, & explain with examples what is required in each section. The focus of the seminar will be the three M’s – Money, Management & Marketing. Participants will also be provided with a sample business plan, sources of industry research information, and introduced to online business planning tools that are accessible at any time through an internet-enabled PC.

Introduction to Financial Statement Analysis

Submitted by sbdc admin manager on Wed, 2018-05-23 11:39
Participants will learn how to analyze financial statements and assess the business’ past, present and future financial condition. The training will also provide the tools to make sound business decisions by learning how to evaluate the business’ strengths and weaknesses. Participants shall acquire knowledge in an overall understanding of financial statements that are used as a tool to calculate and interpret various ratios.