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Financial counseling for small business owners

Rejected for a loan or refinance? Business and personal spending too intertwined? We can help.

City of Los Angeles official seal and Economic and Workforce Development Department logoThe nonprofit financial experts at Money Management International (MMI) are here to help you stabilize your budget, build stronger credit, and reach your top money goals.

We’re very excited to collaborate with the City of Los Angeles Economic and Workforce Development Department (EWDD) to provide counseling, resources, and debt repayment assistance to small business owners in the City of LA.

Ready to Get Started?

Call us at 877-313-7622 to begin, or submit your information and we’ll call you to schedule your small business counseling session.

How does it work?

Your time is valuable, so counseling is structured to get you support and answers quickly. In your free session, we'll:

Analyze your budget | Together, we’ll review your income, expenses, and debts. It’s incredibly common for personal and business finances to blur together over time, so we’ll work on productive ways to separate the two.

Create a plan | Whether you’re trying to improve your credit, reduce your debts, untangle your personal and business spending, or something else, we’ll create an action plan that addresses your unique challenges and goals.

Provide resources | Beyond your personalized action plan, we’ll also provide additional materials to help you master your money and get back to building your business.

Discuss debt repayment options | For participants who need help repaying unsecured personal debt, like credit cards, MMI offers the debt management plan (DMP). DMP benefits include:

  • Lower interest rates on most major credit card accounts
  • Single, budget-friendly monthly payment
  • Debts typically paid in full in less than five years

If personal credit card debt is a big part of what's making it difficult to get ahead, ask your counselor what a DMP might look like for you.

Ready to Get Started?

Call us at 877-313-7622 to begin, or submit your information and we’ll call you to schedule your small business counseling session. It's free for small business owners and available 24/7.

Frequently Asked Questions

Questions or concerns? Check out our FAQs below. 
Who is MMI?

Who is MMI?

MMI (Money Management International) is the nation's largest nonprofit credit counseling agency. For over 60 years, our goal has been to change how America overcomes financial challenges through coaching, innovative programs, and consumer advocacy.
Do you provide funding for small businesses?

Do you provide funding for small businesses?

No, MMI is not a lender. We don’t provide loans or grants.
Is there a cost to use this service?

Is there a cost to use this service?

Counseling is free. In the course of counseling, however, participants may be referred to additional services, including MMI’s debt management plan. Any fees for services outside of credit counseling will be disclosed before those services are rendered.
Will any third parties be informed of the counseling session?

Will any third parties be informed of the counseling session?

No. Small business counseling is confidential. Participation in a counseling session is not reported to anyone unless otherwise disclosed and agreed to by the participant.
How long does a typical counseling session last?

How long does a typical counseling session last?

Each counseling session is tailored to meet your specific needs. A full counseling session typically lasts 45-60 minutes, but we’ll work around your schedule and availability.
Are there fees associated with a debt management plan (DMP)?

Are there fees associated with a debt management plan (DMP)?

Yes. Most DMPs include an initial set-up fee and a monthly fee. In California, the set-up fee is typically $50 and the monthly fee is either 8% of your monthly payment amount or $35 (whichever is less).
  • Better Business Bureau A+ rating Better Business Bureau
    MMI is proud to have achieved an A+ rating from the Better Business Bureau (BBB), a nonprofit organization focused on promoting and improving marketplace trust. The BBB investigates charges of fraud against both consumers and businesses, sets standards for truthfulness in advertising, and evaluates the trustworthiness of businesses and charities, providing a score from A+ (highest) to F (lowest).
  • Trustpilot Trustpilot
    MMI is rated as “Excellent” (4.8/5) by reviewers on Trustpilot, a global, online consumer review platform dedicated to openness and transparency. Since 2007, Trustpilot has received over 116 million customer reviews for nearly 500,000 different websites and businesses. See what others are saying about the work we do.
  • Consumer Federation of America Consumer Federation of America
    MMI is a member of the Consumer Federation of America (CFA), an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.
  • Department of Housing and Urban Development Department of Housing and Urban Development
    MMI is certified by the U.S. Department of Housing and Urban Development (HUD) to provide consumer housing counseling. The mission of HUD is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD provides support services directly and through approved, local agencies like MMI.
  • Council on Accreditation Council On Accreditation
    MMI is proudly accredited by the Council on Accreditation (COA), an international, independent, nonprofit, human service accrediting organization. COA’s thorough, peer-reviewed accreditation process is designed to ensure that organizations like MMI are providing the highest standard of service and support for clients and employees alike.
  • National Foundation for Credit Counseling National Foundation for Credit Counseling
    MMI is a longstanding member of the National Foundation for Credit Counseling® (NFCC®), the nation’s largest nonprofit financial counseling organization. Founded in 1951, the NFCC’s mission is to promote financially responsible behavior and help member organizations like MMI deliver the highest-quality financial education and counseling services.