SCORE and MassMutual Offer Entrepreneurs and Small Businesses Resource to Understand Their Financing Options

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Dec 01, 2011, 05:39 ET

WASHINGTON, Dec. 1, 2011 /PRNewswire-USNewswire/ -- SCORE - www.score.org - mentors to America's small business, a non-profit association and premier resource for free and confidential small business advice, in conjunction with Massachusetts Mutual Life Insurance Company (MassMutual) is pleased to announce the release of an online e-Guide to help small businesses and entrepreneurs learn more about their business financing options.

The new e-guide "The Collateral You Need to Close on Your Business Loan" is now available for download under the "Templates and Tools" section at http://www.score.org/resources/collateral-you-need-close-your-business-loan. This e-Guide is designed to educate entrepreneurs and business owners about the various methods of business financing, including the benefits of using life insurance as a means to collateralize a business loan.

SCORE CEO Ken Yancey says, "SCORE's free resources are always available at www.score.org. The addition of this SCORE/MassMutual e-Guide informing small business owners about their financing options adds yet another valuable component at a crucial time for the success of American small businesses."

"We are pleased to be working with SCORE to make this important information available to entrepreneurs and business owners," said Tara Reynolds, corporate vice president of consumer and product marketing at MassMutual. "The guide offers an overview of popular financing options for business owners and entrepreneurs, highlighting the unique way life insurance can meet lenders' borrowing terms quickly and with no limitations on running the business – while providing important long-term protection and flexibility for businesses and their owners, as well," said Reynolds.

About MassMutual

Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts, and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

For more information, visit www.massmutual.com, 'Like" MassMutual on Facebook.com/massmutual or follow us on Twitter.com/massmutual.

About SCORE
SCORE has helped create more than 90,000 jobs over the past two years. With a strong network of more than 13,000 volunteers with a wide variety of expertise from 364 chapters nationwide, SCORE volunteers provide entrepreneurs and small business owners free advice and low-cost local workshops. SCORE, a resource partner with the U.S. Small Business Administration, also offers free online resources, templates and tools to help entrepreneurs start and grow their business. www.score.org.

For more information about starting or operating a small business, call 1-800/634-0245 for the SCORE chapter nearest you. Visit SCORE at www.score.org. Connect with SCORE at www.facebook.com/SCOREFans and http://twitter.com/SCOREMentors.

Contact Information
Shalini Karnani
800/634-0245
[email protected]

SOURCE SCORE