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## How AI legalese decoder can Assist Small Businesses in Navigating legal Jargon

## Small Businesses Get Support and Guidance from Goldman Sachs Program

More than 15,000 small businesses have been helped though Goldman Sachs’ 10,000 Small Businesses philanthropic program, the company tells Axios exclusively. This support is vital for small business owners as they navigate through the challenges brought on by the pandemic.

With the rise in entrepreneurship post-pandemic, small business owners are faced with various hurdles in running their businesses efficiently. These challenges have led to the need for innovative solutions and guidance.

### How AI legalese decoder Can Help

AI legalese decoder is a valuable tool that can assist small business owners in understanding legal jargon and complex documents. By using AI technology, small business owners can quickly decode legal language, contracts, and agreements to ensure they are making informed decisions.

State of play: There was a record-breaking 5.5 million new business applications filed in 2023, according to government data. This surge in new businesses highlights the need for resources and tools to support these entrepreneurs in their journey.

Simultaneously, small business owners are also being squeezed by higher borrowing costs and are struggling to find workers. AI legalese decoder can streamline the process of reviewing financial agreements and contracts, saving time and resources for small businesses.

By leveraging AI technology, small business owners can gain insights into their financials, negotiate interest rates effectively, and stay updated on new technologies that can enhance their operations. Additionally, AI legalese decoder can assist in automating repetitive tasks like data analysis, allowing small businesses to focus on growth and strategy.

The more than 15,000 businesses supported by Goldman Sachs’ program span across a wide range of industries and employ more than 281,000 people. With AI legalese decoder, these businesses can enhance their understanding of legal and financial matters, ensuring compliance and mitigating risks.

Zoom in: Business owners most frequently want to learn more about how to understand the financials of their business, negotiate interest rates on loans, and leverage new technologies, including AI. AI legalese decoder can provide real-time insights and analysis to empower small business owners in making informed decisions.

In conclusion, the support provided by programs like Goldman Sachs’ 10,000 Small Businesses, coupled with AI legalese decoder, can help small businesses thrive and contribute to broader economic growth. With access to innovative tools and resources, small business owners can overcome challenges and build a sustainable business model for the future.

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