This negative impact has had a ripple effect throughout society, affecting employment and financial security. This has opened up the threat of devastation of towns and communities from coast-to-coast. A new term, “Pandemic Poverty,” illuminates the looming threat to American society.
You don’t have to go any further than your local Downtown area to see the good and the bad of how things are going right now. In “Any City, USA,” the view is the same. Corporate interests are building beautiful hotels and buildings, but, just a short block over, small businesses are going out of business, and main street is suffering.
This loan money will be managed by a Project Manager who will oversee the efforts of a Cohort of Consulting Managers with expertise in Human Resources, Accounting and Finance, Operations, Legal, and Marketing to fit the specific needs of the business. The business will also have funds available to make Capital Investment in the business that is substantiated by the recommendations of the Cohort of Consulting Managers. The Cohort of Consulting Managers will work intensively with the Business Owner Participant for a period of two years. The objectives of this work will be to:
The responsibility for loan payback will deepen the commitment of the Business Owner to actively participate in the program, with the added benefit of creating a payback track record that will create a history of credit-worthiness for the business owner. The loan payback history will be reported to all 3 credit reporting agencies, and will therefore create “bankable” business owners that will then be ready to participate in conventional banking and SBA loan programs.