LOWER 70’S. JACKSONVILLE’S COUNTRIES W Q OKAY, 99.1 YOUR WEATHER AUTHORITY FORECAST
WHILE YOU ARE ON THE GO.
>>BRUCE HAMILTON: WHEN A BLACK
AND LATINO OWN SMALL BUSINESSES
FEEL LEFT BEHIND AFTER A TOUGH
2020. THE INCOMING BIDEN ADMINISTRATION SIGNALS A NEW ERA A
NEW NARRATIVE 1,000,001.9
TRILLION COVID RELIEF PLAN IS
ON THE TABLE THE POLICY
OUTLINES A CLEAR INTENTION
TO GO AHEAD AND DEPLOY CAPITAL
TO BLACK AND LATINO ON SMALL
BUSINESSES. A SEGMENT IN THE
SMALL BUSINESS ECONOMY, A
CORNERSTONE POLICY FOR THE
INCOMING BIDEN HARRIS
ADMINISTRATION IS TO GIVE THEM
THAT MONEY
THE POLICY OUTLINES A CLEAR
INTENTION TO DEPLOY THAT
CAPITAL TO THOSE SMALL BUSINESS
OWNERS. A SEGMENT IN THE SMALL
BUSINESS ECONOMY THAT HAS BEEN
DISPROPORTIONATELY IMPACTED BY
THE COVID-19
GLOBAL PANDEMIC ON A CAUSE OR
IS A BUSINESS STRATEGIST
AND THE CEO AND FOUNDER OF
MULTI FUNDING A BUSINESS LOAN
ADVISORY FIRM GOOD MORNING SIR.
I KNOW THAT IN THE R D PROGRAMS HAVE BEEN DISPROPORTIONATELY IMPACTED BY THE PANDEMIC WHEN
YOU TALK TO BUSINESS OWNERS
THESE MINORITY BUSINESS OWNERS.
WHAT ARE YOU HEARING ON THE
FRONT LINES ABOUT THEIR
FRUSTRATIONS AND THEIR
STRUGGLES TO SURVIVE.
>> UNFORTUNATELY THERE’S A
TERRIBLE LACK
OF EDUCATION. THERE’S SOME
FUNDAMENTAL BASICS. THEY ARE
PROGRAMS OUT THERE THAT THEY
DON’T KNOW THEIR
QUALIFY FOR AND NOT SURE WHERE
TO GO FOR AND THEY’RE NOT SURE
WHAT INFORMATION THEY NEED TO
PUT TOGETHER TO GET THERE.
UNFORTUNATELY MANY OF
THESE PROBLEMS EXIST BEFORE THE
PANDEMIC AND
INTENSIFIED SEARCH.
>>BRUCE HAMILTON: THE NEW
ADMINISTRATION HAS A CLEAR
INTENTION TO DEPLOY CAPITAL TO
BLACK AND LATINO OWN SMALL
BUSINESSES, BUSINESSES THAT
WERE OFTEN LAST IN LINE FOR
PPP LOANS. HOW CAN THEY ENSURE
THAT THEY CAN TAP INTO THIS NEW
RELIEF.
>> I THINK UNFORTUNATELY IT’S
GOING TO TAKE TIME IT’S NOT
SOMETHING YOU CAN SNAP YOUR
FINGERS AND MAKE CAPITAL NIGHT
OVERNIGHT. IT’S GOING TO BE
FEET ON THE STREET OUT IN THESE
COMMUNITIES HELPING
FOLKS MAKE SURE THEY UNDERSTAND
WHAT DOCUMENTATION IS NECESSARY
THAT PUT TOGETHER
THE DOCUMENTATION, PUTTING IT
IN REALLY SIMPLE AND THEN
CONNECTION THOSE APPLICATIONS
TO LENDERS TO BE HAPPY TO HELP.
IT IS GOING TO BE AN ALL
OUT EFFORT AND UNFORTUNATELY
KEPT SNAP YOUR FINGERS AND MAKE
IT
HAPPEN OVERNIGHT.
>>BRUCE HAMILTON: AND IF YOU
LOOK AT WHAT HAPPENED IN THE
PAST THESE BUSINESSES WERE
OFTEN AT THE END OF THE LINE
AND THE GOVERNMENT’S
CORONAVIRUS RELIEF PROGRAM.
THEY COULDN’T FIND BANKS THAT
ACCEPTED APPLICATIONS IF
THEY’RE STILL IN BUSINESS THEY
MAY BE HANGING ON BY A THREAD.
WE’RE TALKING. BARBER SHOPS,
RESTAURANTS, RETAIL SHOPS.
WHAT’S YOUR ADVICE FOR THEM.
GET SOMEONE TO HELP YOU.
CO.
>> DON’T ASSUME THEY’RE
NOT QUALIFIED. GO TO A LOCAL
SMALL BUSINESS DEVELOPMENT
CENTER LITTLE
COMMUNITY CENTER. THE CAP ON
THE DOOR FROM A TOWN DON’T BE
SHY TO ASK FOR HELP EVEN AS AN
EXAMPLE THERE MILLIONS OF UBER
DRIVERS OUT THERE BEING EVER
AFFECTED BY THE PANDEMIC
AND THEY ARE INDEPENDENT
CONTRACTORS MAYOR QUALIFIED TO
GET A PAYCHECK PROTECTION OF
THE NEW THEM DON’T EVEN KNOW
THAT.
>> ASK.
>> BE PATIENT DON’T DON’T BE
SHY. I
DON’T REALLY RELIVE THAT DESCRIPTION BACK IN THE LINE MANY OF THEM NEVER GOT IN THE
LINE BECAUSE I NEVER KNEW THAT
THERE WAS A PLACE OF THEM IN
THE LINE. SO. MAKE SURE
YOUR HOMEWORK ASK A QUESTION.
I ASKED SOMEBODY OUT.
>> YEAH, YOU KNOW I’VE DONE
STORIES WITH THESE BUSINESS
OWNERS AND
I HEAR THEIR STORIES ECHO IN MY
HEAD AND I CAN HEAR THE
FRUSTRATION SAYING LOOK THE PPP
WAS MEANT TO HELP UNDERSERVED
COMMUNITIES AND IT DIDN’T
ALWAYS HAPPEN WILL THE MONEY
THAT WE’RE HEARING ABOUT THE
EARMARK FOR OUR BUSINESSES BY
THE BIDEN ADMINISTRATION THIS
GO ROUND WOULD IT REALLY BE
AVAILABLE TO US.
>> I HOPE SO BUT IT’S GOING
TO TAKE ADDITIONAL LEGISLATION
THAT BE ON MARCH 31ST, THIS
CURRENT ROUND OF PPP EXPIRES
MARCH 31ST AND THERE’S NO WAY
IN MY OPINION.
IT’S GOING TO BE ENOUGH TIME
BETWEEN NOW AND MARCH THE 1ST
TO GET THE WORD OUT AND GET THE
MEDICATION OUT IN
THE STREETS AND INTO THE
COMMUNITIES AND GET THE
RESOURCES OF THE FEUD ON THE
GROUND THERE TO
HELP SO WHAT I SUSPECT IS GOING
TO HAPPEN IS THAT THERE’S GOING
TO HAVE TO BE ADDITIONAL
LEGISLATION DISH
ADDITIONAL HELP WHAT THEY DID
BY OPENING UP THE PPP SEARCHED
TO THE MINORITIES WHO DEFIES
WAS NICE BUT THAT WAS REALLY
WINDOW DRESSING I’M SHOCKED AND
REALLY SOLVE THE PROBLEMN
STREET IN MY OPINION.
>>BRUCE HAMILTON: YOU KNOW THE
BOTTOM LINE HERE IS THE
FUNDAMENTAL QUESTION IS ONE
OF SURVIVAL. YOUR WORDS OF
ENCOURAGEMENT FOR THOSE
MINORITY BUSINESS OWNERS RIGHT
NOW.
>> I OFTEN A THIN LINE
BETWEEN SUCCESS AND FAILURE AND
I GET IT IT’S IT’S TOUGH OUT
THERE. I’M SO CEMENT OR SOME
SOME HEALTH TIPS AND RESOURCES
TO
HELP HERE. REACH OUT TO A LOCAL
SMALL BUSINESS DEVELOPMENT
CENTER ASKED FOR HELP MANY
PEOPLE DON’T EVEN KNOW
THEY EXIST. WE CHECKED TO SCORE
THE SOCIETY OF RETIRED
EXECUTIVES AND ASK
FOR HELP CALL YOUR LOCAL ESPERA
OFFICE AND ASK THEM AM I
ELIGIBLE FOR THIS PROGRAM.
ADVOCATE FOR YOURSELF AND PUSH
YOURSELF AND. JUST DON’T
GIVE UP.
>>BRUCE HAMILTON: AND I THINK
THAT’S THE MOST IMPORTANT THING
LIKE YOU SAID, YOU’VE GOT TO
ASK BECAUSE THEY’RE NOT GOING