1 00:00:00,440 --> 00:00:06,040 Speaker 1: In the time before a D and fiber Internet shame, shame, shame. 2 00:00:06,440 --> 00:00:09,040 Speaker 1: What did you do love or ran out of Internet? 3 00:00:09,119 --> 00:00:12,200 Speaker 1: Tata and then making a shame walk. No, it's just 4 00:00:12,480 --> 00:00:17,119 Speaker 1: how I feel. Shame, shame. Given the time after a 5 00:00:17,239 --> 00:00:19,960 Speaker 1: D n T fiber Internet. Nice to have unlimited Internet 6 00:00:20,040 --> 00:00:23,759 Speaker 1: data right right the dawn never better Internet era with 7 00:00:23,960 --> 00:00:26,840 Speaker 1: a T n T fiber limited availability in select areus 8 00:00:26,880 --> 00:00:29,800 Speaker 1: check eligibility at add dotcom slash get Fiber restrictions apply. 9 00:00:30,520 --> 00:00:35,040 Speaker 1: The Black Effect Presents features honest conversations and exclusive interviews, 10 00:00:35,400 --> 00:00:39,880 Speaker 1: a space for artists, everyday people and listeners to amplify, elevate, 11 00:00:40,120 --> 00:00:44,120 Speaker 1: and empower black voices with great conversations. Make sure to 12 00:00:44,159 --> 00:00:47,400 Speaker 1: listen to The Black Effect Presents podcast on I Heart Radio, 13 00:00:47,479 --> 00:00:53,960 Speaker 1: Apple Podcasts, or wherever you get your podcast. What Girls 14 00:00:53,960 --> 00:00:58,840 Speaker 1: in the Forest Our imagination and our family bonds. The 15 00:00:58,920 --> 00:01:01,960 Speaker 1: forest is closer and you think find a forest near 16 00:01:02,000 --> 00:01:04,720 Speaker 1: you and discover the forest dot Org brought to you 17 00:01:04,720 --> 00:01:07,520 Speaker 1: by the United States Forest Service and the AD Council. 18 00:01:13,040 --> 00:01:15,360 Speaker 1: Welcome to Money Making Conversations. It's the show that she 19 00:01:15,400 --> 00:01:18,160 Speaker 1: has the secrets of success experience firsthand by marketing and 20 00:01:18,240 --> 00:01:21,160 Speaker 1: Brandon expert Rashan McDonald. I will know. He's given me 21 00:01:21,200 --> 00:01:24,720 Speaker 1: advice on many occasions. In occasion didn't notice I'm not broke. 22 00:01:25,280 --> 00:01:28,200 Speaker 1: You know. He'll be interview with celebrity CEOs, entrepreneurs and 23 00:01:28,240 --> 00:01:31,000 Speaker 1: industry decision makers. It's what he likes to do. It's 24 00:01:31,000 --> 00:01:33,399 Speaker 1: what he likes to share. Now it's time to hear 25 00:01:33,440 --> 00:01:37,560 Speaker 1: from my man, Rashan McDonald money making conversations. Here we come. 26 00:01:38,120 --> 00:01:42,200 Speaker 1: Welcome to money making Conversation. I am your host, Rashwan McDonald. 27 00:01:42,640 --> 00:01:44,400 Speaker 1: Like I said every week on my show, is time 28 00:01:44,440 --> 00:01:47,319 Speaker 1: to stop reading other people's success stories and start writing 29 00:01:47,360 --> 00:01:49,760 Speaker 1: your own. We hear a lot of times people talk 30 00:01:49,800 --> 00:01:52,240 Speaker 1: about gifts and passions. If you have a gift, leave 31 00:01:52,320 --> 00:01:54,960 Speaker 1: with your gift and don't let your age, friends, family, 32 00:01:55,000 --> 00:01:58,240 Speaker 1: or coworkers stop you from planning or living your dream. 33 00:01:58,360 --> 00:02:01,520 Speaker 1: My interviews I bring onto the show our celebrities, CEOs, 34 00:02:01,680 --> 00:02:05,320 Speaker 1: entrepreneurs and people I like to call industry decision makers. 35 00:02:05,760 --> 00:02:09,000 Speaker 1: My next guest is Terry Dennison. She's the Georgia District 36 00:02:09,000 --> 00:02:12,040 Speaker 1: Director of the US Small Business Administration, you know as 37 00:02:12,120 --> 00:02:14,880 Speaker 1: the s b A, and this role has made two 38 00:02:14,880 --> 00:02:18,799 Speaker 1: thousand two. She's responsible overseeing the implementation of the SBA's 39 00:02:18,840 --> 00:02:23,639 Speaker 1: financial counseling, training, and business development program for small business 40 00:02:23,680 --> 00:02:27,000 Speaker 1: throughout Georgia. The SBA is the only cabinet level federal 41 00:02:27,040 --> 00:02:31,840 Speaker 1: agency fully dedicated to small business and provides counseling, capital, 42 00:02:32,120 --> 00:02:36,080 Speaker 1: and contracting expertise as the nation's only go to resource 43 00:02:36,480 --> 00:02:39,720 Speaker 1: and voice for small business. If you're a small business owner, 44 00:02:39,720 --> 00:02:42,160 Speaker 1: listen up. This is a show you want you don't 45 00:02:42,200 --> 00:02:45,200 Speaker 1: want to miss. She's my friend. Every time I get 46 00:02:45,240 --> 00:02:47,600 Speaker 1: a chance to bring on the show, she drops pearls 47 00:02:47,639 --> 00:02:50,400 Speaker 1: of wisdoms to all entrepreneurs people who want to go 48 00:02:50,440 --> 00:02:54,480 Speaker 1: into the entrepreneurial space. Even in the chaos of this situation, 49 00:02:54,919 --> 00:02:57,840 Speaker 1: small business owners still so opportunities, and she was there 50 00:02:58,080 --> 00:03:01,959 Speaker 1: to help them seize that opportunity. Georgia District process over 51 00:03:02,040 --> 00:03:05,240 Speaker 1: one billion dollars for traditional sp A loans over the 52 00:03:05,280 --> 00:03:09,200 Speaker 1: past year, despite the challenges of COVID ninteen. Please work 53 00:03:09,200 --> 00:03:12,560 Speaker 1: with the money making conversation to Georgia District Director of 54 00:03:12,600 --> 00:03:16,320 Speaker 1: the s p A, Terry Dennison, How are you doing, Terry? 55 00:03:16,520 --> 00:03:20,200 Speaker 1: I'm doing fine. Great to see you again, too long. 56 00:03:20,520 --> 00:03:23,040 Speaker 1: Thank you. You know well, I call you my friend, 57 00:03:23,440 --> 00:03:25,360 Speaker 1: I call you my friend, because you come on my 58 00:03:25,440 --> 00:03:30,720 Speaker 1: show and you enlighten people about an organization that quite frankly, 59 00:03:30,720 --> 00:03:35,440 Speaker 1: a lot of people know nothing about. And it's true. 60 00:03:35,960 --> 00:03:38,480 Speaker 1: How do we how do we change that? Because, like 61 00:03:38,560 --> 00:03:40,960 Speaker 1: I said, I learned about it when I opened my 62 00:03:41,040 --> 00:03:43,000 Speaker 1: comedy club way back in the day when I was 63 00:03:43,040 --> 00:03:47,120 Speaker 1: living in Houston, Texas. I went in there. Resources were free, 64 00:03:47,560 --> 00:03:51,320 Speaker 1: counseling was free. You guys were the organization of Texas, 65 00:03:51,360 --> 00:03:53,960 Speaker 1: which is just the same like the SBA. Here. We're 66 00:03:54,080 --> 00:03:56,840 Speaker 1: there to want to want me to be successful. If 67 00:03:56,880 --> 00:03:59,840 Speaker 1: I was opening a nightclub, they will tell me you, 68 00:04:00,120 --> 00:04:02,600 Speaker 1: here's a book, this is how you can work out 69 00:04:02,600 --> 00:04:06,480 Speaker 1: your budget. They had counseling and organizations and things like that. 70 00:04:06,560 --> 00:04:09,680 Speaker 1: So you've been at this hym. It's just two thousand 71 00:04:09,720 --> 00:04:13,240 Speaker 1: two in the state of Georgia. Talk about the growth 72 00:04:13,280 --> 00:04:17,240 Speaker 1: and then technology accelerating. Some of the opportunities are working 73 00:04:17,640 --> 00:04:21,600 Speaker 1: as an entrepreneur with the s B A well. Definitely, 74 00:04:21,720 --> 00:04:26,080 Speaker 1: this past year has really tested the idea of connecting 75 00:04:26,080 --> 00:04:30,360 Speaker 1: with people virtually is not necessarily in all cases the 76 00:04:30,440 --> 00:04:35,159 Speaker 1: best option, but it was an option that we could use, 77 00:04:35,720 --> 00:04:37,880 Speaker 1: and I think it forced us to kind of up 78 00:04:37,880 --> 00:04:40,599 Speaker 1: our game in terms of our technology and the application 79 00:04:40,640 --> 00:04:45,400 Speaker 1: of that technology to reach across the state, because our 80 00:04:45,600 --> 00:04:48,400 Speaker 1: office is responsible for the entire state of Georgia, and 81 00:04:48,480 --> 00:04:50,800 Speaker 1: so this is definitely a tool that we can use 82 00:04:51,800 --> 00:04:54,839 Speaker 1: for that. We also have a new program that is 83 00:04:54,920 --> 00:04:58,880 Speaker 1: coming up. It's a pilot program under the American Rescue 84 00:04:58,920 --> 00:05:05,240 Speaker 1: Plan called Unity Navigators, and that's where we would UH 85 00:05:05,640 --> 00:05:12,880 Speaker 1: grant to key UH community organizations and stakeholders who have 86 00:05:13,640 --> 00:05:19,240 Speaker 1: networks within the communities across the state UH to basically 87 00:05:19,240 --> 00:05:23,560 Speaker 1: be that liaison between us and the small business community. UM. 88 00:05:23,640 --> 00:05:26,159 Speaker 1: Sometimes it's hard for us as a federal government agency 89 00:05:26,240 --> 00:05:31,080 Speaker 1: being the government to UM connect or people feel they 90 00:05:31,080 --> 00:05:33,480 Speaker 1: can connect to us, and this is a way for 91 00:05:33,600 --> 00:05:37,680 Speaker 1: us to utilize those stakeholders that already have a reputation 92 00:05:38,040 --> 00:05:42,480 Speaker 1: in various communities UM to be more knowledgeable about US 93 00:05:42,680 --> 00:05:46,719 Speaker 1: and to help connect us to those small business owners 94 00:05:46,720 --> 00:05:51,880 Speaker 1: existing and UH perspective in those communities. Well, you know, 95 00:05:52,120 --> 00:05:54,200 Speaker 1: you're just really interesting you're saying that, because let's just 96 00:05:54,279 --> 00:05:56,599 Speaker 1: use the terminology when you when they always talk about 97 00:05:56,600 --> 00:05:58,440 Speaker 1: the police, they always say if the police would be 98 00:05:58,480 --> 00:06:01,360 Speaker 1: in the neighborhood and it would be better served for 99 00:06:01,400 --> 00:06:05,320 Speaker 1: that neighborhood. So it sounds like you're taking your the brand, 100 00:06:05,360 --> 00:06:08,520 Speaker 1: which is a national brand, there's also localized in each state, 101 00:06:08,920 --> 00:06:11,240 Speaker 1: and now you're taking it more into the community. Let's 102 00:06:11,279 --> 00:06:13,080 Speaker 1: let's stay on that a minute, because I think that's 103 00:06:13,120 --> 00:06:16,159 Speaker 1: really uh important. We talked about the Community Navigator, which 104 00:06:16,160 --> 00:06:19,560 Speaker 1: is a program and established to provide grants to organizations 105 00:06:19,839 --> 00:06:23,440 Speaker 1: and local communities that help small businesses connect to local 106 00:06:23,720 --> 00:06:26,400 Speaker 1: sp A resources. And that's what we're talking about the 107 00:06:26,520 --> 00:06:29,440 Speaker 1: very top about. I know about the s b A, 108 00:06:29,720 --> 00:06:31,440 Speaker 1: but a lot of people who need to know about 109 00:06:31,440 --> 00:06:33,760 Speaker 1: the s b A know nothing about it. And that's 110 00:06:33,760 --> 00:06:36,479 Speaker 1: what the Community Navigator will be able to help in 111 00:06:36,520 --> 00:06:41,120 Speaker 1: this role correct now when they serve as a link 112 00:06:41,160 --> 00:06:46,200 Speaker 1: between these small businesses existing and the startups. Now, let's 113 00:06:46,240 --> 00:06:48,039 Speaker 1: let's talk about if you can walk me through and 114 00:06:48,080 --> 00:06:51,640 Speaker 1: slows down because we always hear about the opportunities terror 115 00:06:51,680 --> 00:06:54,880 Speaker 1: you always hear about, well you know this is available 116 00:06:54,920 --> 00:06:58,040 Speaker 1: to you, but still how do you access it? So 117 00:06:58,279 --> 00:07:01,279 Speaker 1: we have this great Community NAVIGA aid the program. How 118 00:07:01,320 --> 00:07:04,760 Speaker 1: do I access that program? Uh? And also I'll be 119 00:07:04,839 --> 00:07:06,479 Speaker 1: interested in knowing how I can be a part of 120 00:07:06,520 --> 00:07:09,440 Speaker 1: that program. It feels like something that my organization of 121 00:07:09,560 --> 00:07:12,080 Speaker 1: me and general should be naturally associated with because I'm 122 00:07:12,120 --> 00:07:17,040 Speaker 1: always trying to be that connected dot with local local businesses, 123 00:07:17,040 --> 00:07:19,760 Speaker 1: and that's local businesses, local entrepreneurs, and a lot of 124 00:07:19,760 --> 00:07:22,000 Speaker 1: times people need to understand it's not always a brick 125 00:07:22,040 --> 00:07:25,760 Speaker 1: and mortar. You know, entrepreneur has a wide range of 126 00:07:25,800 --> 00:07:29,160 Speaker 1: opportunities where and so don't be confused that you gotta 127 00:07:29,560 --> 00:07:31,960 Speaker 1: you gotta be selling, you gotta be a restaurant, you 128 00:07:32,080 --> 00:07:34,800 Speaker 1: gotta be a mechanic store, or you gotta be your 129 00:07:34,880 --> 00:07:38,280 Speaker 1: place of a full fledhed business. You are a business 130 00:07:38,320 --> 00:07:42,080 Speaker 1: and you have to reach certain requirements. Now, this Community Navigator, 131 00:07:42,280 --> 00:07:45,600 Speaker 1: how long it hasn't been in place Terry well as 132 00:07:45,640 --> 00:07:50,440 Speaker 1: actually just was passed back up and that would be 133 00:07:50,520 --> 00:07:53,640 Speaker 1: in March when the American Rescue Plan was uh and 134 00:07:53,800 --> 00:07:59,080 Speaker 1: acted and we're really just getting the program off the ground. Currently, 135 00:07:59,120 --> 00:08:05,480 Speaker 1: the agency is accepting proposals from various organizations what we 136 00:08:05,600 --> 00:08:08,840 Speaker 1: call hubs, which would be like the lead organization, and 137 00:08:08,920 --> 00:08:14,160 Speaker 1: they will be presenting proposals on how they utilize spokes 138 00:08:15,080 --> 00:08:21,360 Speaker 1: or other smaller organizations within a certain area. Could be nationally, 139 00:08:21,400 --> 00:08:24,559 Speaker 1: it could be statewide or within a certain geographic area 140 00:08:24,640 --> 00:08:29,440 Speaker 1: says city or county UM, so that actually that application 141 00:08:29,520 --> 00:08:34,080 Speaker 1: process goes through July was actually extended to allow the 142 00:08:34,160 --> 00:08:38,960 Speaker 1: maximum number of applications to be submitted as possible. So 143 00:08:39,040 --> 00:08:42,960 Speaker 1: we're at the very beginning of implementing this program. It's 144 00:08:43,000 --> 00:08:46,719 Speaker 1: finally here the season of celebration. And no matter how 145 00:08:46,800 --> 00:08:50,360 Speaker 1: you celebrate with family and friends, whether you're preparing for reys, 146 00:08:50,440 --> 00:08:54,480 Speaker 1: magos or Karamu lighting the Manura, are going to midnight mass, 147 00:08:54,720 --> 00:08:58,160 Speaker 1: Coals has just what you need to make those traditions special. 148 00:08:58,520 --> 00:09:01,600 Speaker 1: Plus you'll find gifts for all your loved ones. Send 149 00:09:01,640 --> 00:09:05,880 Speaker 1: warm wishes with cozy fleeces, sweaters, loungeware, blankets and throws. 150 00:09:06,240 --> 00:09:09,840 Speaker 1: Support minority owned or founded brands by giving gifts from 151 00:09:09,920 --> 00:09:13,480 Speaker 1: human Nation and shame moisture, or treat them to everyone's 152 00:09:13,520 --> 00:09:16,960 Speaker 1: favorite active wear from top brands like Nike, Adidas, and 153 00:09:17,080 --> 00:09:20,640 Speaker 1: under Armour. And in the spirit of giving, Coals Cares 154 00:09:20,760 --> 00:09:25,000 Speaker 1: is donating eight million dollars to local nonprofits nationwide committed 155 00:09:25,040 --> 00:09:27,760 Speaker 1: to the health and well being of our communities. No 156 00:09:27,800 --> 00:09:31,080 Speaker 1: matter how you celebrate, when you shop at Coals, you're 157 00:09:31,160 --> 00:09:34,480 Speaker 1: right where you belong. So this season, give with all 158 00:09:34,520 --> 00:09:37,959 Speaker 1: your heart with great gifts from Coals or Coals dot com. 159 00:09:38,160 --> 00:09:41,080 Speaker 1: Look for your children's eyes to see the true magic 160 00:09:41,200 --> 00:09:44,600 Speaker 1: of a forest. It's a storybook world for them. You 161 00:09:44,760 --> 00:09:47,760 Speaker 1: look and see a tree. They see the wrinkled face 162 00:09:47,800 --> 00:09:51,199 Speaker 1: of a wizard with arms outstretched to the sky. They 163 00:09:51,200 --> 00:09:54,400 Speaker 1: see treasure and pebbles. They see a windy path that 164 00:09:54,440 --> 00:09:58,760 Speaker 1: could lead to adventure, and they see you. They're fearless. Guide. 165 00:09:59,000 --> 00:10:01,960 Speaker 1: Is this fascinating more? Help find a forest near you 166 00:10:02,120 --> 00:10:05,240 Speaker 1: and start exploring and discover the forest dot org brought 167 00:10:05,240 --> 00:10:07,200 Speaker 1: to you by the United States Forest Service and the 168 00:10:07,240 --> 00:10:10,800 Speaker 1: ad Council. Adoption of teams from foster care is a 169 00:10:10,840 --> 00:10:13,120 Speaker 1: topic not enough people know about, and we're here to 170 00:10:13,200 --> 00:10:16,120 Speaker 1: change that. I'm April Denuity, host of the new podcast 171 00:10:16,280 --> 00:10:20,319 Speaker 1: Navigating Adoption, presented by adopt us Kids. Each episode brings 172 00:10:20,360 --> 00:10:23,720 Speaker 1: you compelling, real life adoption stories told by the families 173 00:10:23,720 --> 00:10:27,120 Speaker 1: that lived them, with commentary from experts. Visit adopt us 174 00:10:27,240 --> 00:10:30,800 Speaker 1: Kids dot org, slash podcast, or subscribe to Navigating Adoption 175 00:10:30,880 --> 00:10:33,599 Speaker 1: presented by adopt us Kids, brought to you by the U. 176 00:10:33,720 --> 00:10:35,960 Speaker 1: S Department of Health, that Human Service as Administration for 177 00:10:36,040 --> 00:10:39,280 Speaker 1: Children and Families, and the ad Council. Okay, and the 178 00:10:39,400 --> 00:10:41,760 Speaker 1: purpose of the progress we stated earlier is kind of 179 00:10:41,760 --> 00:10:46,199 Speaker 1: creating a more a more granular, a more localized level 180 00:10:46,200 --> 00:10:48,880 Speaker 1: of communication. It can be somebody in your church, it 181 00:10:48,920 --> 00:10:51,240 Speaker 1: can be people that you walk down the street, you 182 00:10:51,280 --> 00:10:54,720 Speaker 1: hang out with. Basically let you know that the difficulty 183 00:10:54,800 --> 00:10:56,960 Speaker 1: of being able to relate to the SPA isn't as 184 00:10:57,000 --> 00:10:59,480 Speaker 1: difficult as you think. If you know somebody and you 185 00:10:59,520 --> 00:11:02,040 Speaker 1: feel called, the would extended the conversation because a lot 186 00:11:02,040 --> 00:11:04,280 Speaker 1: of people feel they just it's just just program may 187 00:11:04,360 --> 00:11:07,880 Speaker 1: beyond their needs and their means because the SBA offers 188 00:11:07,920 --> 00:11:10,440 Speaker 1: loans and we're gonna break that down, but I want 189 00:11:10,440 --> 00:11:12,960 Speaker 1: to talk about this program is a little bit more so. 190 00:11:13,400 --> 00:11:17,640 Speaker 1: Through July twenty three, you say, individuals can go online 191 00:11:17,880 --> 00:11:21,280 Speaker 1: at the website, where can they go? They would go 192 00:11:21,400 --> 00:11:25,319 Speaker 1: to grants dot gov, which is the official federal government 193 00:11:25,360 --> 00:11:30,080 Speaker 1: portal for submitting grant applications. So you didn't look up 194 00:11:30,400 --> 00:11:34,000 Speaker 1: community Navigators and grant that the will take you to 195 00:11:34,040 --> 00:11:38,000 Speaker 1: the page, give you all the updates regarding the request 196 00:11:38,040 --> 00:11:42,360 Speaker 1: for proposal document and what's being asked and of course 197 00:11:42,640 --> 00:11:46,480 Speaker 1: what documents need to be submitted. Okay, cool, well, good, good? 198 00:11:46,520 --> 00:11:49,480 Speaker 1: What your board gonna get on net not Terry. I'm 199 00:11:49,520 --> 00:11:52,199 Speaker 1: excited about this opportunity, and so let's talk about does 200 00:11:52,400 --> 00:11:55,400 Speaker 1: National Small Business Week? You know, usually stuff time. I'm 201 00:11:55,400 --> 00:11:57,760 Speaker 1: just getting ahead of the curve now because I've learned 202 00:11:57,800 --> 00:11:59,880 Speaker 1: that if you don't get ahead of the curve to 203 00:12:00,040 --> 00:12:03,480 Speaker 1: area with information, people always say I didn't know, I 204 00:12:03,520 --> 00:12:06,680 Speaker 1: didn't know, nobody told me. So we know that National 205 00:12:06,720 --> 00:12:09,440 Speaker 1: Small Business we will be celebrating mid September, you know, 206 00:12:09,600 --> 00:12:11,400 Speaker 1: and no wards will be given this year, but it 207 00:12:11,400 --> 00:12:14,400 Speaker 1: would be recognized. Steve, when I like to call we 208 00:12:14,559 --> 00:12:17,160 Speaker 1: have been, Uh, I've been. I've been. I've been interviewing 209 00:12:17,160 --> 00:12:19,720 Speaker 1: people from Texas, from California, from New York, and I 210 00:12:19,760 --> 00:12:22,240 Speaker 1: say that I'm talking about small business owners and it 211 00:12:22,320 --> 00:12:26,440 Speaker 1: has been a challenge to understand how you can keep 212 00:12:26,480 --> 00:12:29,679 Speaker 1: your bills on the table, your people, your employees employed. 213 00:12:30,320 --> 00:12:34,720 Speaker 1: What has been the most trying um controversy I shouldn't 214 00:12:34,720 --> 00:12:38,120 Speaker 1: say they were, but trying opportunities of trying to keep 215 00:12:38,160 --> 00:12:41,439 Speaker 1: these businesses afloat other than the p p P program 216 00:12:41,440 --> 00:12:46,400 Speaker 1: of loan programs. Terry Well, I think even before we 217 00:12:46,440 --> 00:12:49,760 Speaker 1: get to the money aspect, one of the biggest challenges 218 00:12:49,840 --> 00:12:54,839 Speaker 1: as that was you know people's business models. And if 219 00:12:54,880 --> 00:12:58,120 Speaker 1: you had a business model that was dependent upon people 220 00:12:58,800 --> 00:13:01,800 Speaker 1: coming into a look ation or you interactive with them 221 00:13:01,840 --> 00:13:05,200 Speaker 1: face to face. Um, now you've got to change that 222 00:13:05,320 --> 00:13:10,040 Speaker 1: dynamic because of the restrictions, you know, the social distancing 223 00:13:10,040 --> 00:13:13,360 Speaker 1: and business is actually being closed for a time and 224 00:13:13,400 --> 00:13:16,400 Speaker 1: then once they reopened, they had to meet certain guidelines, 225 00:13:16,960 --> 00:13:20,520 Speaker 1: uh for safety and health purposes. So a lot of 226 00:13:20,520 --> 00:13:22,520 Speaker 1: businesses were just trying to figure out, how do I 227 00:13:22,600 --> 00:13:26,320 Speaker 1: now deliver my good or my service in a way 228 00:13:26,360 --> 00:13:31,120 Speaker 1: that I had not envisioned originally or normally we would not. Uh. 229 00:13:31,320 --> 00:13:34,400 Speaker 1: People had to rethink things like, uh, there's supply the 230 00:13:34,480 --> 00:13:39,600 Speaker 1: supply chain because even if I'm operating to some degree 231 00:13:40,120 --> 00:13:43,800 Speaker 1: now the suppliers that help provide the good or service 232 00:13:43,840 --> 00:13:47,920 Speaker 1: that I'm delivering, those have been disrupted as well. And 233 00:13:48,000 --> 00:13:51,200 Speaker 1: now we've got to try to figure out how do 234 00:13:51,280 --> 00:13:53,520 Speaker 1: we get what we need to keep the business going. 235 00:13:54,040 --> 00:13:57,439 Speaker 1: So I really my hand my hats off to our 236 00:13:57,559 --> 00:14:01,680 Speaker 1: resource partners such as SCORE, the Small Business Development Centers 237 00:14:02,120 --> 00:14:05,320 Speaker 1: and the Women Business Centers who have really helped the 238 00:14:05,480 --> 00:14:09,600 Speaker 1: Georgia District Office in working with businesses, not only in 239 00:14:09,679 --> 00:14:15,160 Speaker 1: terms of accessing the various resources with p PP and 240 00:14:15,200 --> 00:14:18,880 Speaker 1: the economic injury, disaster, longs, etcetera. But helping people figure 241 00:14:18,920 --> 00:14:22,880 Speaker 1: out how to manage and structure their organizations and their 242 00:14:22,920 --> 00:14:26,960 Speaker 1: operations to meet the challenges of the situation, well, you know, 243 00:14:27,080 --> 00:14:29,840 Speaker 1: and you never know where the challenge comes from or 244 00:14:29,840 --> 00:14:32,280 Speaker 1: whether whether because I'm gonna tell you when the Panama 245 00:14:32,280 --> 00:14:35,200 Speaker 1: came here, when that that ship got trapped and just 246 00:14:36,120 --> 00:14:39,800 Speaker 1: I um, it affected me personally because I I take 247 00:14:39,840 --> 00:14:42,560 Speaker 1: cows and pills and I went into Walry when the 248 00:14:42,640 --> 00:14:45,560 Speaker 1: CVS and I was like Franally, I said, excuse me, 249 00:14:45,640 --> 00:14:49,080 Speaker 1: what's going on? Easie man? He said, that ship there's 250 00:14:49,160 --> 00:14:55,320 Speaker 1: blocking the Panama camal is shutting down all available transport 251 00:14:55,440 --> 00:14:58,360 Speaker 1: between that canal. And so that's what we just need 252 00:14:58,360 --> 00:15:00,680 Speaker 1: to know. This may be in the co with their team, 253 00:15:00,720 --> 00:15:03,720 Speaker 1: but there are other scenarios out there that can stop 254 00:15:03,800 --> 00:15:07,000 Speaker 1: you from becoming a resourceful company if you don't plan 255 00:15:07,080 --> 00:15:10,800 Speaker 1: ahead or you don't have alternative sources to move your 256 00:15:10,840 --> 00:15:14,640 Speaker 1: product forward. That's what you were talking about, right, Terry. Correct. 257 00:15:15,240 --> 00:15:17,120 Speaker 1: And one of the things you know, we talk about 258 00:15:17,160 --> 00:15:19,440 Speaker 1: business plans. Of course, a lot of people don't bother 259 00:15:19,520 --> 00:15:23,840 Speaker 1: with business plans, which of course, that's another discussion why 260 00:15:23,920 --> 00:15:26,400 Speaker 1: you should do one. But even when they do the 261 00:15:26,520 --> 00:15:30,280 Speaker 1: business plan, they kind of focus on the maybe the 262 00:15:30,320 --> 00:15:34,400 Speaker 1: most likely scenario or the best case scenario, But we 263 00:15:34,520 --> 00:15:37,480 Speaker 1: never look at the other end of the spectrum. What 264 00:15:37,600 --> 00:15:42,040 Speaker 1: if things don't go according to plan? What if my 265 00:15:42,640 --> 00:15:47,200 Speaker 1: UH supply chain and delivery systems are compromised because of 266 00:15:47,240 --> 00:15:52,280 Speaker 1: a given situation or emergency. UM, what if my revenues 267 00:15:52,480 --> 00:15:57,960 Speaker 1: go down? UH? What does that look like in terms 268 00:15:57,960 --> 00:16:00,840 Speaker 1: of my bottom line or my expenses? The well, you know, 269 00:16:00,920 --> 00:16:03,240 Speaker 1: with COVID nineteen, people now I had to think about 270 00:16:03,680 --> 00:16:08,880 Speaker 1: additional cleaning, you know, methods, more frequent cleaning, certain types 271 00:16:08,920 --> 00:16:12,600 Speaker 1: of equipment they had to think about ppe of course, 272 00:16:13,160 --> 00:16:17,080 Speaker 1: personal protection equipment. That was extra expenses they had not 273 00:16:17,320 --> 00:16:21,480 Speaker 1: envisioned UH prior to the pandemic. So when you're doing 274 00:16:21,560 --> 00:16:23,600 Speaker 1: business plan and you've really got to look at the 275 00:16:23,760 --> 00:16:27,840 Speaker 1: full range of possibilities and have at least an outline 276 00:16:27,880 --> 00:16:30,360 Speaker 1: of a game plan on how you can counter or 277 00:16:30,400 --> 00:16:34,360 Speaker 1: mitigate some of those situations when they occur. Look at 278 00:16:34,400 --> 00:16:37,800 Speaker 1: your children's eyes to see the true magic of a forest. 279 00:16:38,200 --> 00:16:41,320 Speaker 1: It's a storybook world for them. You look and see 280 00:16:41,320 --> 00:16:44,320 Speaker 1: a tree, they see the wrinkled face of a wizard 281 00:16:44,480 --> 00:16:48,320 Speaker 1: with arms outstretched to the sky. They see treasure and pebbles. 282 00:16:48,800 --> 00:16:51,520 Speaker 1: They see a windy path that could lead to adventure, 283 00:16:51,880 --> 00:16:56,320 Speaker 1: and they see you. They're fearless. Guide. Is this fascinating world? 284 00:16:56,680 --> 00:16:59,520 Speaker 1: Find a forest near you and start exploring and discover 285 00:16:59,600 --> 00:17:01,840 Speaker 1: the forest dot org. Brought to you by the United 286 00:17:01,880 --> 00:17:05,240 Speaker 1: States Force Service and the ad Council. And we're live 287 00:17:05,359 --> 00:17:08,720 Speaker 1: here outside the Perez family home, just waiting for the 288 00:17:08,960 --> 00:17:12,080 Speaker 1: and there they go, almost on time. This morning. Mom 289 00:17:12,160 --> 00:17:14,480 Speaker 1: is coming out the front door, strong with a double 290 00:17:14,600 --> 00:17:17,399 Speaker 1: arm kid carry. Looks like Dad has the bags. Daughter 291 00:17:17,560 --> 00:17:20,720 Speaker 1: is bringing up the rear. Oh but the diaper bag 292 00:17:20,840 --> 00:17:26,280 Speaker 1: wasn't closed. Diapers and toys are everywhere. Oh but mom 293 00:17:26,280 --> 00:17:29,720 Speaker 1: has just nailed the perfect car seat buckle for the toddler. 294 00:17:30,080 --> 00:17:32,480 Speaker 1: And now the eldest daughter, who looks to be about 295 00:17:32,560 --> 00:17:35,400 Speaker 1: nine or ten, has secured herself in the booster seat. 296 00:17:35,480 --> 00:17:39,240 Speaker 1: Dad zips the bag clothes and they're off. Ah, but 297 00:17:39,320 --> 00:17:41,760 Speaker 1: looks like Mom doesn't realize her coffee cup is still 298 00:17:41,800 --> 00:17:45,760 Speaker 1: on the roof of the car and there it goes. Ah. 299 00:17:46,160 --> 00:17:49,160 Speaker 1: That's a shame that mug was a fan favorite, don't 300 00:17:49,160 --> 00:17:51,720 Speaker 1: sweat the small stuff, just nailed the big stuff, like 301 00:17:51,760 --> 00:17:53,560 Speaker 1: making sure your kids are buckled correctly in the right 302 00:17:53,600 --> 00:17:55,760 Speaker 1: seat for their agent's eyes. Learn more n h t 303 00:17:55,920 --> 00:17:58,480 Speaker 1: s A dot gov slash the Right Seat visits h 304 00:17:59,160 --> 00:18:02,439 Speaker 1: s A dot God Slash the Right Seat, brought to 305 00:18:02,480 --> 00:18:05,879 Speaker 1: you by NITZA and the AD Council. What grows in 306 00:18:05,920 --> 00:18:09,320 Speaker 1: the forest trees? Sure you know what else grows in 307 00:18:09,359 --> 00:18:13,200 Speaker 1: the forest. Our imagination, our sense of wonder, and our 308 00:18:13,240 --> 00:18:16,520 Speaker 1: family bonds grow too, because when we disconnect from this 309 00:18:18,960 --> 00:18:23,600 Speaker 1: and connect with this, we reconnect with each other. The 310 00:18:23,680 --> 00:18:26,720 Speaker 1: forest is closer than you think. Find a forest near 311 00:18:26,760 --> 00:18:30,000 Speaker 1: you and start exploring. I Discover the Forest dot org. 312 00:18:30,320 --> 00:18:32,919 Speaker 1: Brought to you by the United States Forest Service and 313 00:18:32,960 --> 00:18:36,760 Speaker 1: the AD Council. Well, let's talk about the budget that 314 00:18:37,119 --> 00:18:39,720 Speaker 1: it seems to be nobody wants to do a budget, 315 00:18:39,720 --> 00:18:42,960 Speaker 1: but everybody wants to run a business. How can we 316 00:18:43,040 --> 00:18:46,040 Speaker 1: convince people, Terry, come on, help me, I tearry this 317 00:18:48,280 --> 00:18:52,040 Speaker 1: a budget. You got to know what your expenses are, 318 00:18:52,520 --> 00:18:56,320 Speaker 1: not just how much you're trying to generate. That there 319 00:18:56,320 --> 00:18:58,360 Speaker 1: has to be a plan special If we're not talking 320 00:18:58,400 --> 00:19:00,399 Speaker 1: about a one off party one A part of you 321 00:19:00,520 --> 00:19:03,040 Speaker 1: probably get away with that. If you're trying to do 322 00:19:03,240 --> 00:19:07,000 Speaker 1: sign elits with somebody, if you're trying to lockdown employees, 323 00:19:07,480 --> 00:19:10,720 Speaker 1: if you're trying to generate revenue on a consistent daily, weekly, 324 00:19:10,760 --> 00:19:14,000 Speaker 1: and monthly and annual basis, there has to be a 325 00:19:14,040 --> 00:19:17,720 Speaker 1: budget time to that. And that's where the SCORE organization, 326 00:19:17,880 --> 00:19:22,000 Speaker 1: which is part of s b A can assist young, old, 327 00:19:22,359 --> 00:19:25,639 Speaker 1: or people who are trying to follow their dreams with 328 00:19:25,800 --> 00:19:30,639 Speaker 1: the budget planning part correct, Terry, Yes, we have SCORE 329 00:19:30,760 --> 00:19:33,840 Speaker 1: that can help with that. The Small Business Development Centers 330 00:19:33,920 --> 00:19:37,360 Speaker 1: we partner here with the University of Georgia have numerous 331 00:19:37,400 --> 00:19:40,439 Speaker 1: locations around the state, as does SCORE. We have a 332 00:19:40,440 --> 00:19:45,040 Speaker 1: Women's Business Center that can provide assistance UH for women 333 00:19:45,280 --> 00:19:50,320 Speaker 1: entrepreneurs particularly, but they insisted the mail owned businesses as well. 334 00:19:51,000 --> 00:19:54,439 Speaker 1: But there's a lot of different resources and expertise that 335 00:19:54,520 --> 00:19:57,600 Speaker 1: can sit down with you and kind of help you 336 00:19:57,640 --> 00:20:00,560 Speaker 1: work through those types of questions and issue. And the 337 00:20:00,640 --> 00:20:04,560 Speaker 1: counseling is free. Say that one more time. The counselors 338 00:20:04,600 --> 00:20:06,840 Speaker 1: right now, the counselor you do not have to pay 339 00:20:06,880 --> 00:20:09,480 Speaker 1: for the counsel but in a way you have because 340 00:20:09,560 --> 00:20:13,639 Speaker 1: as a taxpayer, your tax dollars go to help on 341 00:20:13,840 --> 00:20:16,760 Speaker 1: the right score and the small business development centers, Women's 342 00:20:16,800 --> 00:20:21,040 Speaker 1: business centers, etcetera. So you're just recouping on the investment 343 00:20:21,080 --> 00:20:24,040 Speaker 1: you've made as a taxpayer. Really, and and here's I'm 344 00:20:24,320 --> 00:20:27,520 Speaker 1: tell you him. It's never packed. It's people are in there, 345 00:20:27,600 --> 00:20:29,880 Speaker 1: but it's never like a line out the door, so 346 00:20:30,040 --> 00:20:32,639 Speaker 1: you will not be discouraged by going in there, and 347 00:20:32,680 --> 00:20:35,679 Speaker 1: then they're receptive to you. I'm just talking about my experience, 348 00:20:36,160 --> 00:20:38,840 Speaker 1: you know. I I have a relationship in Texas, have 349 00:20:38,840 --> 00:20:41,239 Speaker 1: a relationship in Georgia with the s b A. And 350 00:20:41,280 --> 00:20:44,639 Speaker 1: I'm fans of trying to tell people how important it is. 351 00:20:44,920 --> 00:20:47,800 Speaker 1: It was a young man, uh and his brother, Uh, 352 00:20:48,000 --> 00:20:51,119 Speaker 1: we're looking at opening up a local restaurant. Look kind 353 00:20:51,160 --> 00:20:53,080 Speaker 1: of like a subway type set up, you know, but 354 00:20:53,119 --> 00:20:55,639 Speaker 1: it was original food. And I asked him it was 355 00:20:55,760 --> 00:20:59,360 Speaker 1: like three weeks ago, Terry, I said, uh, he kept 356 00:20:59,400 --> 00:21:01,320 Speaker 1: asking me for and I said, you gotta put together 357 00:21:01,359 --> 00:21:03,280 Speaker 1: but you said I got there, sir. He said said, well, 358 00:21:03,320 --> 00:21:06,040 Speaker 1: you need to get a design layout, because you really 359 00:21:06,080 --> 00:21:08,600 Speaker 1: can't get a layout of before they're working. I said, 360 00:21:08,880 --> 00:21:11,200 Speaker 1: have you been to the SPA? He went, what you're 361 00:21:11,200 --> 00:21:13,719 Speaker 1: talking about? I said, wow, Okay, cool, here we go, 362 00:21:13,800 --> 00:21:17,040 Speaker 1: Here we go. Now, you gotta go there because it's 363 00:21:17,080 --> 00:21:20,200 Speaker 1: free and you gotta start talking. And they have mentors. 364 00:21:20,200 --> 00:21:24,000 Speaker 1: They're like mentors. I'm just telling everybody there's being like mentoring. 365 00:21:24,080 --> 00:21:29,480 Speaker 1: They're mentoring young businesses to be successful. Because the goal 366 00:21:29,680 --> 00:21:32,960 Speaker 1: is the current administration has a new goal to increase 367 00:21:33,040 --> 00:21:39,280 Speaker 1: small disadvantaged business contracting goals from five percent. Okay, this 368 00:21:39,359 --> 00:21:43,360 Speaker 1: is an initiative to empower underserved communities. Now you might 369 00:21:43,359 --> 00:21:45,520 Speaker 1: say I'm not underserved. Well, if you don't know any 370 00:21:45,520 --> 00:21:48,199 Speaker 1: information about how to run your business, you are undeserved 371 00:21:48,560 --> 00:21:50,600 Speaker 1: and you need to gain information. And that's what the 372 00:21:50,720 --> 00:21:53,840 Speaker 1: SPA is about. Talk about what I just said about 373 00:21:54,359 --> 00:21:58,680 Speaker 1: increasing the goal of disadvantage of business contracting goals from 374 00:21:58,680 --> 00:22:01,200 Speaker 1: five percent to fift percent. Because what we're just trying 375 00:22:01,200 --> 00:22:04,080 Speaker 1: to tell everybody, Terry, is that you are on a mission. 376 00:22:04,119 --> 00:22:06,439 Speaker 1: You've always been on a mission, and your mission and 377 00:22:06,480 --> 00:22:10,560 Speaker 1: your organization is to really tell minorities and invite them 378 00:22:10,560 --> 00:22:15,520 Speaker 1: into this diverse pool of entrepreneurial opportunities. Correct, yes, that 379 00:22:15,720 --> 00:22:20,600 Speaker 1: is correct, and um with in terms of the small 380 00:22:20,640 --> 00:22:23,919 Speaker 1: disadvantaged business thole. You know, the federal government buys a 381 00:22:24,000 --> 00:22:30,760 Speaker 1: lot of products and services. And given year, we spend 382 00:22:31,840 --> 00:22:36,320 Speaker 1: government wide five hundred billion, six hundred billion dollars and 383 00:22:36,359 --> 00:22:40,960 Speaker 1: goods and services throughout the federal various federal agencies. So 384 00:22:41,080 --> 00:22:44,720 Speaker 1: there's a lot of opportunity things that you wouldn't necessarily 385 00:22:44,720 --> 00:22:48,359 Speaker 1: think of the government purchasing, you know, at first thought, 386 00:22:49,240 --> 00:22:52,480 Speaker 1: you realize they do. So it's always been a goal. 387 00:22:52,560 --> 00:22:54,720 Speaker 1: How do we make sure that all segments of the 388 00:22:54,760 --> 00:22:58,120 Speaker 1: small business community, as well as the small business community 389 00:22:58,119 --> 00:23:03,000 Speaker 1: as a whole it from uh, participating in the federal 390 00:23:03,000 --> 00:23:06,760 Speaker 1: procurement system. Uh. And we do have programs and tools 391 00:23:06,760 --> 00:23:09,439 Speaker 1: to help people who are looking to enter the federal 392 00:23:09,480 --> 00:23:13,879 Speaker 1: contracting market or to expand their presence and activity in 393 00:23:13,960 --> 00:23:17,959 Speaker 1: that market. Uh. You know, it's really it's really amazing. 394 00:23:18,000 --> 00:23:20,159 Speaker 1: When I talked to you, Terry, you know some ways, 395 00:23:20,200 --> 00:23:22,800 Speaker 1: I you know, you know, you know me, I I 396 00:23:22,800 --> 00:23:25,160 Speaker 1: can get frustrated because I just want to give information. 397 00:23:25,240 --> 00:23:27,760 Speaker 1: I want people to win. And I'm talking to If 398 00:23:27,760 --> 00:23:30,120 Speaker 1: you don't know who I'm talking to, Terry Dennison. She's 399 00:23:30,160 --> 00:23:34,400 Speaker 1: a Georgia District director of the US Small Business Administration, 400 00:23:34,480 --> 00:23:36,520 Speaker 1: you know it as you know it as the s 401 00:23:36,520 --> 00:23:39,040 Speaker 1: B A she's been in his roles. Is made two 402 00:23:39,040 --> 00:23:42,240 Speaker 1: thousand two when I came in this marketing teen with 403 00:23:42,320 --> 00:23:45,119 Speaker 1: money Making Conversation. She's one of the very first guests 404 00:23:45,160 --> 00:23:47,200 Speaker 1: that I brought on the air. And when I and 405 00:23:47,200 --> 00:23:50,480 Speaker 1: and it really and reason, that's what money making conversations about. 406 00:23:50,800 --> 00:23:53,960 Speaker 1: It's about letting you see and talking to I call 407 00:23:54,119 --> 00:23:57,560 Speaker 1: industry decision makers. That's what she is. She's not a celebrity, 408 00:23:57,680 --> 00:24:00,480 Speaker 1: she's not She's an industry decision maker. In the words, 409 00:24:00,760 --> 00:24:03,240 Speaker 1: she can give you information that can change your life. 410 00:24:03,640 --> 00:24:05,840 Speaker 1: And when I say change your life, we're talking about 411 00:24:05,880 --> 00:24:08,800 Speaker 1: so many people who are trying to open up businesses 412 00:24:08,840 --> 00:24:11,240 Speaker 1: and trying to run a business and have no knowledge 413 00:24:11,280 --> 00:24:15,400 Speaker 1: of that opportunity. And so tell us the primary role 414 00:24:15,560 --> 00:24:16,960 Speaker 1: of the s b A. And I'm gonna ask a 415 00:24:17,000 --> 00:24:18,520 Speaker 1: couple of more questions before I let you get you 416 00:24:18,560 --> 00:24:23,280 Speaker 1: out of here. Okay, Oh, what is our role? Okay? Well, 417 00:24:23,320 --> 00:24:25,480 Speaker 1: of course we're federal government agency. A lot of people 418 00:24:25,520 --> 00:24:29,040 Speaker 1: don't realize that. They think we're a nonprofit organization, but 419 00:24:29,119 --> 00:24:32,719 Speaker 1: we are part of the federal government and we've been 420 00:24:32,720 --> 00:24:35,720 Speaker 1: around since Ninette and our mission has always been to 421 00:24:36,320 --> 00:24:40,040 Speaker 1: support the U S economy. Through supporting small business in 422 00:24:40,119 --> 00:24:46,720 Speaker 1: terms of small business creation and uh uh growth. We 423 00:24:46,800 --> 00:24:49,560 Speaker 1: do that in a variety of ways. We have our 424 00:24:49,600 --> 00:24:53,520 Speaker 1: loan programs, mainly our loan guaranteed programs where we guarantee 425 00:24:53,560 --> 00:24:57,879 Speaker 1: loans made by commercial lenders. We also have a micro 426 00:24:58,000 --> 00:25:03,480 Speaker 1: loan program for those A and UM businesses that maybe 427 00:25:03,480 --> 00:25:06,920 Speaker 1: they're home based or as a sole preneurs. They don't 428 00:25:06,920 --> 00:25:10,120 Speaker 1: need a lot of capital, they don't need millions of dollars, 429 00:25:10,160 --> 00:25:12,600 Speaker 1: but they need what they need when they need it, 430 00:25:12,720 --> 00:25:17,399 Speaker 1: so they provide loans up to UH fifty dollars and 431 00:25:17,400 --> 00:25:23,000 Speaker 1: those are done by nonprofit community development financial institutions, so 432 00:25:23,119 --> 00:25:25,760 Speaker 1: they may have a they have a little more leeway 433 00:25:25,840 --> 00:25:28,119 Speaker 1: in terms of how they look at credit compared to 434 00:25:28,600 --> 00:25:32,520 Speaker 1: a commercial lender. For profit UH We've talked about the 435 00:25:32,720 --> 00:25:36,040 Speaker 1: counseling and education resources that we have for people who 436 00:25:36,760 --> 00:25:39,640 Speaker 1: got an idea and don't know what the next step 437 00:25:39,680 --> 00:25:42,280 Speaker 1: should be. To someone who's been in business, they've gone 438 00:25:42,280 --> 00:25:45,320 Speaker 1: through the start up stage. Now maybe they have new challenges, 439 00:25:45,359 --> 00:25:49,480 Speaker 1: new opportunities because of their growth, and now they need 440 00:25:49,520 --> 00:25:52,879 Speaker 1: to prepare and situate that business to be able to 441 00:25:53,000 --> 00:25:57,159 Speaker 1: enter the new stage of that business life cycle. And 442 00:25:57,200 --> 00:26:01,400 Speaker 1: then the government contracting peace which we alluded to earlier 443 00:26:01,880 --> 00:26:04,240 Speaker 1: to help small businesses that want to into that market 444 00:26:04,480 --> 00:26:08,440 Speaker 1: from five up to now before one area I wanted. 445 00:26:08,440 --> 00:26:10,359 Speaker 1: There's a lot of things that were created during covid 446 00:26:10,440 --> 00:26:14,640 Speaker 1: ateen pandemic. The SBA delivered various relief programs. I want 447 00:26:14,640 --> 00:26:16,360 Speaker 1: to ask you if these programs not trying to put 448 00:26:16,359 --> 00:26:18,480 Speaker 1: you on the spot. If you unaware of the UH, 449 00:26:18,560 --> 00:26:20,120 Speaker 1: please let me know. But I wonder know if they're 450 00:26:20,160 --> 00:26:22,760 Speaker 1: still in existent. If they are still in existence, what 451 00:26:22,880 --> 00:26:25,080 Speaker 1: purpose do they serve. I'm gonna start off with the 452 00:26:25,200 --> 00:26:29,040 Speaker 1: Paycheck Protection Program program that I used UH in the 453 00:26:29,119 --> 00:26:32,280 Speaker 1: month of May UH to help paid my staff when 454 00:26:32,280 --> 00:26:35,159 Speaker 1: the country was shut down. So talk about the payroll 455 00:26:35,200 --> 00:26:38,960 Speaker 1: Protection program. Is that's still available and how is it 456 00:26:39,080 --> 00:26:43,320 Speaker 1: serving a purpose now that the country is opening back up. Well, actually, 457 00:26:43,359 --> 00:26:48,240 Speaker 1: the Paycheck Protection Program or p p P sunset on 458 00:26:48,840 --> 00:26:54,280 Speaker 1: it's sunset on May thirty one. Okay, okay, So UH, 459 00:26:54,480 --> 00:26:58,600 Speaker 1: SBA no longer took applications from participating lenders and we've 460 00:26:58,640 --> 00:27:03,520 Speaker 1: actually cleaned out the backlog of applications and it's totally 461 00:27:03,560 --> 00:27:06,760 Speaker 1: shut down as of June thirty. Okay, cool, Great, what 462 00:27:06,840 --> 00:27:11,960 Speaker 1: about the Restaurant Revitalization Fund program? Is that still available? Actually, 463 00:27:12,080 --> 00:27:15,560 Speaker 1: that is not. Uh, it was a case of a 464 00:27:15,680 --> 00:27:19,680 Speaker 1: lot of demand versus what was allocated for the program. 465 00:27:20,600 --> 00:27:24,160 Speaker 1: Point six million, excuse me billion was allocated for the program. 466 00:27:24,480 --> 00:27:30,160 Speaker 1: We received applications nationwide totally around seventy billion, so that 467 00:27:30,240 --> 00:27:34,919 Speaker 1: money went pretty quickly. So currently the program is closed, 468 00:27:35,480 --> 00:27:39,360 Speaker 1: and I know there's been some discussion of maybe Congress 469 00:27:39,359 --> 00:27:41,639 Speaker 1: providing more funds and we'll just have to wait and 470 00:27:41,680 --> 00:27:44,640 Speaker 1: see about that, but it is closed as of now. 471 00:27:44,960 --> 00:27:48,760 Speaker 1: Sore basically letting everybody know that the country is coming 472 00:27:48,800 --> 00:27:52,199 Speaker 1: back to normal. The supports system that you may have 473 00:27:52,359 --> 00:27:54,920 Speaker 1: experienced or may have been a part of previously during 474 00:27:54,960 --> 00:28:00,040 Speaker 1: the COVID of has changed. But you do have a 475 00:28:00,080 --> 00:28:03,480 Speaker 1: wearing new online programs and learning coaching platforms like the 476 00:28:03,600 --> 00:28:06,560 Speaker 1: Ascent for Women business Owners. That is that new or 477 00:28:06,680 --> 00:28:09,240 Speaker 1: that's something that's been around it I'm just made aware 478 00:28:09,240 --> 00:28:13,280 Speaker 1: of through this interview. No, it's relatively new. It launched 479 00:28:13,640 --> 00:28:17,280 Speaker 1: back in January of this year. It had been several 480 00:28:17,359 --> 00:28:20,480 Speaker 1: years in the making, but it was really created to 481 00:28:20,600 --> 00:28:24,440 Speaker 1: help women owned businesses who have gone through the start 482 00:28:24,480 --> 00:28:29,879 Speaker 1: up phase and now they're in a position or considering scaling. 483 00:28:30,560 --> 00:28:33,199 Speaker 1: That's been one of the biggest challenges I think the 484 00:28:33,240 --> 00:28:37,000 Speaker 1: women owned businesses and probably other underserved communities as well. 485 00:28:37,560 --> 00:28:40,040 Speaker 1: You know, we're may be able to get the business started, 486 00:28:40,240 --> 00:28:44,360 Speaker 1: but it remains basically a self employment. Awesome. I want 487 00:28:44,360 --> 00:28:47,120 Speaker 1: to wrap so this is about how you get to 488 00:28:47,240 --> 00:28:50,080 Speaker 1: that next stage, especially if you have the market and 489 00:28:50,240 --> 00:28:53,680 Speaker 1: the product of service that is scalable. And I want 490 00:28:53,720 --> 00:28:56,360 Speaker 1: to just close out by bringing up the Community Navigator's 491 00:28:56,360 --> 00:28:59,000 Speaker 1: program again, which I've been very excited about. You said, 492 00:28:59,040 --> 00:29:02,520 Speaker 1: just go to EVA lable on grants dot gov. Right, 493 00:29:02,600 --> 00:29:05,040 Speaker 1: if you go there and this is this is an 494 00:29:05,160 --> 00:29:08,200 Speaker 1: RFP type or response to this if you want to 495 00:29:08,200 --> 00:29:10,400 Speaker 1: be a part of being considered for this in the 496 00:29:10,400 --> 00:29:15,680 Speaker 1: state of Georgia only correct. Well, actually it's nationwide. Okay, okay, cool, 497 00:29:15,760 --> 00:29:19,560 Speaker 1: it's nationwide, so they're looking to give rewards out across 498 00:29:19,600 --> 00:29:22,800 Speaker 1: the country. Uh. What I would say is, once again, 499 00:29:22,840 --> 00:29:28,360 Speaker 1: it's for organizations of nonprofit entities, government entities that uh 500 00:29:29,800 --> 00:29:33,959 Speaker 1: or you know, provide technical assistance to small businesses. So 501 00:29:34,040 --> 00:29:37,480 Speaker 1: it's not to finance small businesses themselves. Okay, cool, And 502 00:29:37,520 --> 00:29:39,800 Speaker 1: I want to clear so the Community Navigator has to 503 00:29:39,800 --> 00:29:43,360 Speaker 1: be a nonprofit. That is correct. Okay, cool, great, I 504 00:29:43,360 --> 00:29:46,320 Speaker 1: want to make sure that everybody understood that. Again, Terry Denison, 505 00:29:46,360 --> 00:29:48,440 Speaker 1: thank you for coming on my show. You've been fantastic 506 00:29:48,480 --> 00:29:50,640 Speaker 1: as usual. Like I said, when I go live with 507 00:29:51,000 --> 00:29:52,680 Speaker 1: on w c OK in the fall, I want to 508 00:29:52,720 --> 00:29:55,240 Speaker 1: bring you back and we celebrate and take some phone 509 00:29:55,280 --> 00:29:58,400 Speaker 1: calls to the properly screen of course, to talk about 510 00:29:58,480 --> 00:30:01,920 Speaker 1: how we can move forward and continue to grow entrepreneur 511 00:30:02,040 --> 00:30:05,840 Speaker 1: especially in disadvantage of goods, especially in minority community. Because 512 00:30:06,200 --> 00:30:09,440 Speaker 1: my goal, my passion is let everybody know that SPA 513 00:30:09,640 --> 00:30:13,280 Speaker 1: is there for you. As she clearly stated, it's your money. 514 00:30:13,880 --> 00:30:16,200 Speaker 1: Your money is being spent. That's why, what's why Scorer 515 00:30:16,200 --> 00:30:18,520 Speaker 1: is there, That's why all these organizations are there. So 516 00:30:18,760 --> 00:30:22,440 Speaker 1: why not use resources that you've already paid for. Thank 517 00:30:22,440 --> 00:30:26,000 Speaker 1: you again, Terry Dennison for coming on Money Making Conversations. 518 00:30:26,640 --> 00:30:29,240 Speaker 1: It's been a pleasure. I look forward to seeing you again. Okay, 519 00:30:29,240 --> 00:30:31,000 Speaker 1: thank you very much. If you want to see or 520 00:30:31,040 --> 00:30:34,120 Speaker 1: hear any of my interviews on Money Making Conversation, please 521 00:30:34,200 --> 00:30:37,080 Speaker 1: go to money Making Conversation dot com. I'm Sean McDonald. 522 00:30:37,200 --> 00:30:40,840 Speaker 1: I am your hoaxt in this season, of Giving, Cools 523 00:30:40,880 --> 00:30:43,480 Speaker 1: has gifts for all your loved ones. 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