WEBVTT - EYL #77 The Plug 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:51.280 Do what's right. 0:00:51.840 --> 0:00:52.720 Leave now. 0:00:53.040 --> 0:00:57.840 Under President Trump, America's laws, border and families will be protected. 0:00:57.920 --> 0:01:00.000 Sponsored by the United States Department of Homeland Security. 0:01:00.920 --> 0:01:04.479 All right, guys, welcome back earned a Lisia La edition. 0:01:04.720 --> 0:01:08.320 We have a very we have a very very educational, 0:01:08.400 --> 0:01:10.760 exciting episode. I'm looking forward to. I know you're gonna 0:01:10.840 --> 0:01:14.840 learn a lot. We have for Zana Naani. 0:01:15.560 --> 0:01:16.039 That was good. 0:01:19.880 --> 0:01:24.880 Sorry I got nervous, cracked under pressure, cracked under pressure. 0:01:25.319 --> 0:01:27.800 But no, this is very this is very going to 0:01:27.840 --> 0:01:31.080 be an informative episode. So for people that don't know, 0:01:31.400 --> 0:01:34.640 there's a lot of programs that for business owners. So 0:01:34.680 --> 0:01:36.560 the thing of the think about this whole podcast is 0:01:36.560 --> 0:01:38.800 to get people information, is to inform people, and we 0:01:38.880 --> 0:01:42.559 inform people of all areas of finance, but especially business 0:01:42.560 --> 0:01:45.919 owners and entrepreneurs. Right, So when we heard your story 0:01:46.040 --> 0:01:49.080 and he was just educating us about how many programs 0:01:49.120 --> 0:01:52.720 and opportunities there are for business owners, I'm like, okay, yeah, 0:01:52.760 --> 0:01:55.240 we definitely we have to tell the people to enlighten them, 0:01:55.280 --> 0:01:57.200 to educate them, and to really you know, give them 0:01:57.200 --> 0:02:00.120 an idea of what's going on. So you are a 0:02:01.000 --> 0:02:05.040 business coach, business consultant and you've worked with over four 0:02:05.120 --> 0:02:07.720 hundred businesses in the last six years, all the way 0:02:07.760 --> 0:02:10.200 from small businesses to fortune five hundred companies. 0:02:10.240 --> 0:02:10.880 That's correct. 0:02:10.919 --> 0:02:14.360 Some of the largest companies are Lexus, Chet, Blue Us Bank, 0:02:15.560 --> 0:02:17.919 the La County, the Fire Department. So you and you 0:02:18.200 --> 0:02:20.639 work with a lot of different companies as far as 0:02:20.680 --> 0:02:25.639 the divert the inclusion program and diversity, right, yes, yes, yes, 0:02:25.720 --> 0:02:28.400 So first and foremost, thank you, thank you. 0:02:28.320 --> 0:02:30.200 For thank you for having me, thank you for. 0:02:30.160 --> 0:02:33.120 Coming taking out, thank you for hosting us exactly, thank 0:02:33.120 --> 0:02:33.840 you for coming. 0:02:35.000 --> 0:02:37.920 Exactly, exactly exactly, so we're gonna we're gonna jump right 0:02:37.919 --> 0:02:39.560 into it. And you was just you was educating me 0:02:39.600 --> 0:02:44.440 about redlining. And after redlining, there was some programs put 0:02:44.480 --> 0:02:48.480 in place by banks to kind of help the effects 0:02:48.560 --> 0:02:51.360 of redlining business. So, can we just get a brief 0:02:51.400 --> 0:02:53.320 explanation of what red lining is so people that might 0:02:53.320 --> 0:02:54.440 not be familiar with redlining. 0:02:54.760 --> 0:02:55.040 Sure. 0:02:55.200 --> 0:02:55.359 So. 0:02:56.320 --> 0:02:59.320 Unfortunately, there was a lot of racist policies that were 0:02:59.800 --> 0:03:02.880 up held by the government and other aspects of our society, 0:03:03.040 --> 0:03:07.000 and one was redlining. And redlining is when a lot 0:03:07.040 --> 0:03:11.640 of different institutions drew literal red lines on the map 0:03:11.680 --> 0:03:13.400 and said we are not going to do business here 0:03:13.440 --> 0:03:16.359 and we're not going to have any loans here or 0:03:16.440 --> 0:03:21.000 access for people for real estate. And those were underrepresented communities, 0:03:21.080 --> 0:03:24.040 i e. People of color. And so what happened is 0:03:24.080 --> 0:03:26.560 as a result of that, years and years and years 0:03:26.600 --> 0:03:31.760 of this trauma and really this pain that has been 0:03:31.800 --> 0:03:36.360 put on people our communities, there have been programs and 0:03:36.440 --> 0:03:39.080 things that have come into place to help offset that. 0:03:39.560 --> 0:03:42.360 And one is called the Community Reinvestment Act and is 0:03:42.480 --> 0:03:46.440 literally an act that says that banks and other people 0:03:46.520 --> 0:03:49.840 have to donate back to those communities in the form 0:03:50.040 --> 0:03:56.120 of you know, donations and charity to nonprofits and specifically 0:03:56.160 --> 0:03:58.520 it's for financial literacy. So what all you all are 0:03:58.600 --> 0:04:02.400 talking about. They are funding that. They're giving the money 0:04:02.480 --> 0:04:05.480 to nonprofits. And I work for nonprofit, so I was 0:04:05.520 --> 0:04:09.240 fully aware of what amazing programs are there are because 0:04:09.440 --> 0:04:11.960 we were able to get the checks to do the program. 0:04:12.080 --> 0:04:15.800 So some of those things are business counseling, they're entrepreneur programs. 0:04:15.800 --> 0:04:19.040 I used to teach entrepreneur programs and they're really low 0:04:19.080 --> 0:04:21.360 cost or they're free, and so it's just really good 0:04:21.360 --> 0:04:24.479 for our people to know about that. I'm Filipino and 0:04:24.560 --> 0:04:27.279 Pakistani and so I worked in historic Filipino town in 0:04:27.400 --> 0:04:29.719 la and we did a lot of good work there. 0:04:29.920 --> 0:04:31.760 We still do a lot of good work there around 0:04:31.960 --> 0:04:35.240 how to get people aware of what's out there. Savings programs. 0:04:35.279 --> 0:04:36.919 They had one program back in the day where you 0:04:36.920 --> 0:04:39.039 could save money like fifty bucks a month and at 0:04:39.080 --> 0:04:43.279 the end of practicing saving for twelve months, you get 0:04:43.279 --> 0:04:46.400 two thousand dollars from this bank, from this grant. It 0:04:46.520 --> 0:04:49.599 was amazing. So people need to know about stuff like 0:04:49.600 --> 0:04:51.800 that and be aware about what's possible. 0:04:52.200 --> 0:04:56.080 Okay, so all right the Community Reinvestment Act. Can we 0:04:56.160 --> 0:04:58.960 just give a little bit, a little bit broad a 0:04:59.080 --> 0:05:01.159 detail on what that actually is? That is? That? Is 0:05:01.160 --> 0:05:02.520 that A because we're in l I don't know if 0:05:02.520 --> 0:05:04.320 I sit that way in LA, but we're in l 0:05:04.360 --> 0:05:06.120 A right now. Shout out to the city, the great 0:05:06.120 --> 0:05:07.840 city of Los Angeles. You know, we love l A. 0:05:09.040 --> 0:05:11.839 So but is this a program that is specific to 0:05:11.880 --> 0:05:14.080 California l A or is it a national. 0:05:14.240 --> 0:05:17.880 I feel like LA was broken into the red line zones, 0:05:17.880 --> 0:05:19.039 and I think it had something to do with the 0:05:19.040 --> 0:05:22.840 train tracks, and that's how the parts of LA were 0:05:22.839 --> 0:05:25.159 broken up, like Compton Wise, It's like all these things 0:05:25.160 --> 0:05:29.039 were broken up intentionally, right and in that time, that's 0:05:29.080 --> 0:05:30.440 how neighborhoods formed and. 0:05:30.360 --> 0:05:32.200 How games key people where they were. 0:05:32.520 --> 0:05:36.440 It was like, it's a history of that Chicago, and 0:05:36.480 --> 0:05:38.680 that's where the term other side of the train tracks 0:05:38.839 --> 0:05:41.560 exactly because literally a lot of you on the other 0:05:41.600 --> 0:05:43.960 side of the tracks that separated the good neighborhood from 0:05:43.960 --> 0:05:49.919 bad neighborhood quote unquote, well, I mean property from not poverty. 0:05:50.000 --> 0:05:52.960 So that's a good first bethead. I mean not good people, 0:05:53.040 --> 0:05:55.160 but good as far as you know real estate prices 0:05:55.200 --> 0:05:57.960 and stuff like that. So all right, But it was. 0:05:57.960 --> 0:06:00.760 A multiplier effect of that, because if you couldn't get 0:06:00.760 --> 0:06:02.240 a loan, you couldn't own a house. If you couldn't 0:06:02.240 --> 0:06:04.479 own a house, then you can't have wealth. So it's 0:06:04.520 --> 0:06:07.200 what we see multiply over and over. And then on 0:06:07.240 --> 0:06:10.320 top of that the schools is that you're in an 0:06:10.400 --> 0:06:12.839 undesirable neighborhoods, you're not gonna have good schools. So on 0:06:12.880 --> 0:06:14.800 top of that, then your schools are bad. So what 0:06:14.839 --> 0:06:17.200 do you have. You have liquor stores and check cashing places. 0:06:17.240 --> 0:06:20.200 You don't have banks, so you're now paying to cash 0:06:20.200 --> 0:06:22.640 your check. You're paying to go and get your check cash. 0:06:22.720 --> 0:06:25.200 So it's just lose, lose, lose the whole way. So 0:06:25.240 --> 0:06:28.560 this Community Reinvestment Act was to help offset that, to 0:06:28.600 --> 0:06:32.119 help get people back into banking, to trust banks again, 0:06:32.560 --> 0:06:35.279 so not to go to the check cashing places, not 0:06:35.400 --> 0:06:38.080 to go spend money doing putting your Oh we have 0:06:38.200 --> 0:06:41.360 people having cash under the mattresses. That's where people are. 0:06:41.400 --> 0:06:42.960 That's where they're saving them money because they're like, we 0:06:43.000 --> 0:06:45.040 don't trust the banks. How do we don't even know 0:06:45.080 --> 0:06:47.800 anyone at the bank. Actually banks don't have people that 0:06:47.839 --> 0:06:51.400 look like us. So these nonprofits where these intermediaries, these 0:06:51.480 --> 0:06:54.039 like go betweens to help people gain trust back into 0:06:54.080 --> 0:06:55.279 the banks. That's what they were for. 0:06:55.600 --> 0:06:56.320 It's funny like that. 0:06:56.400 --> 0:06:59.440 We we had conversations with adults were the first thing 0:06:59.480 --> 0:07:01.479 that they wanted to do when they got that check 0:07:01.800 --> 0:07:03.640 was go to check cash, and we were like, no, 0:07:03.760 --> 0:07:06.320 you should probably have a bank account. And it's like, 0:07:06.360 --> 0:07:08.560 now I don't trust it. It's just something that's been 0:07:08.960 --> 0:07:11.000 ingrained in our communities for so long. That's it. 0:07:11.360 --> 0:07:14.560 And people don't people don't understand how you know what. 0:07:14.600 --> 0:07:16.640 Somebody made a good, good analogy to me because when 0:07:16.680 --> 0:07:19.200 I first when I got my first job, and I 0:07:19.240 --> 0:07:21.360 went to the check cashing checks like a couple of 0:07:21.360 --> 0:07:23.520 blocks away from where I worked in the camp and 0:07:23.560 --> 0:07:26.000 everybody went there and they were saying, like, you never 0:07:26.040 --> 0:07:28.880 see a check cash in place in like a white 0:07:28.880 --> 0:07:32.600 neighborhood or like a wealthy neighborhood. You don't. This is 0:07:32.600 --> 0:07:33.680 what a fried chicken spot. 0:07:33.720 --> 0:07:37.800 You never see a couple of things. It's going to 0:07:37.800 --> 0:07:40.880 be a liquorster, a church, a fried chicken spot, and 0:07:40.920 --> 0:07:41.480 a check ash. 0:07:41.680 --> 0:07:44.200 No, it's it's true, it's true. So but all right, 0:07:44.320 --> 0:07:47.720 So there's programs put in place by banks to help 0:07:47.960 --> 0:07:51.640 educate people, right, So what are they actually educating them on. 0:07:52.000 --> 0:07:54.640 So one is how to have a bank account, how 0:07:54.680 --> 0:07:57.080 to actually write a check, how to just use the 0:07:57.080 --> 0:07:59.560 financial institutions that are out there to get you used 0:07:59.560 --> 0:08:01.600 to that so you don't have to pay for your 0:08:01.600 --> 0:08:04.320 money because a check cashing place, Okay, you cash your check, 0:08:04.360 --> 0:08:05.760 but then you get used to going there, and then 0:08:05.800 --> 0:08:08.120 they upsell you on like this a loan. Oh, you 0:08:08.160 --> 0:08:10.280 need an advance on your check. You need some money, Okay, 0:08:10.440 --> 0:08:12.760 but that's like going to cost you forty percent. So 0:08:12.800 --> 0:08:14.800 the next time around, now you're paying half your check 0:08:15.200 --> 0:08:17.840 right in order to get the money, and then that compounds, 0:08:17.960 --> 0:08:19.440 so now you owe money. So all of a sudden, 0:08:19.440 --> 0:08:22.280 you're owing money instead of making money. Where if you 0:08:22.280 --> 0:08:24.120 put in the bank you gain interest, even if it's 0:08:24.120 --> 0:08:25.880 a little bit interest, at least you're not paying to 0:08:25.880 --> 0:08:28.960 get your money. So it's a way to get people 0:08:29.160 --> 0:08:33.360 used to using financial institutions and Also the other programs 0:08:33.360 --> 0:08:35.600 were about how to start a business, which I really love. 0:08:35.679 --> 0:08:37.640 That's what I was a part of, so how to 0:08:37.679 --> 0:08:40.080 start a business. And then I even did financial literacy 0:08:40.120 --> 0:08:42.880 for kids, so we got piggybanks. We taught them how 0:08:42.920 --> 0:08:45.160 to count and use a calculator, and then we taught 0:08:45.160 --> 0:08:48.080 them about like needs and wants. So don't spend money 0:08:48.120 --> 0:08:51.000 on those name brands necessarily when you're that young, Like 0:08:51.080 --> 0:08:53.680 save a bit, you know, earn your leisure, how you 0:08:53.720 --> 0:08:54.480 have your assets. 0:08:54.520 --> 0:08:57.000 This sounds something right right, Yeah, for sure. 0:08:57.080 --> 0:08:59.280 That's what you teach. So we did it all for 0:08:59.520 --> 0:09:01.679 you know, there in those hoods, and it was great. 0:09:01.760 --> 0:09:04.680 Can you talk about the program for small business owners? Yeah, 0:09:04.760 --> 0:09:05.720 there's an SBA. 0:09:06.040 --> 0:09:09.880 So the government has different parts of it, and one 0:09:10.000 --> 0:09:13.959 part of it is called the Small Business Administration, the SBA. 0:09:14.120 --> 0:09:16.600 And who pays for that? You do? You do? 0:09:16.800 --> 0:09:17.080 I do? 0:09:17.320 --> 0:09:19.640 The taxes pay for it. The taxes that you pay 0:09:20.160 --> 0:09:23.600 go to programs. And these programs are free so that 0:09:23.679 --> 0:09:27.559 the programs are small business counseling, so you can come 0:09:27.600 --> 0:09:29.400 if you need a business plan, you can go roll 0:09:29.480 --> 0:09:31.480 up to one of these places and go and get 0:09:31.520 --> 0:09:34.040 yourself a business counselor for free, and they will coach 0:09:34.080 --> 0:09:37.040 you through a business plan. And you've already paid for 0:09:37.080 --> 0:09:39.560 it because you pay ten taxpayer, so you should go 0:09:39.600 --> 0:09:41.640 and get the resources that you've paid for. 0:09:41.840 --> 0:09:43.439 Where do I find this program? Because I know this 0:09:43.559 --> 0:09:45.240 is not being offered in schools, So is it at 0:09:45.240 --> 0:09:47.920 a community center or is there a designated area that 0:09:47.960 --> 0:09:49.280 I can find that program? 0:09:49.400 --> 0:09:52.760 Right? So, the SBA has centers, they're called Small Business 0:09:52.760 --> 0:09:57.000 Development Centers, and they're also partnering with the nonprofits, so 0:09:57.040 --> 0:09:59.439 they would employ people like me to work in these 0:09:59.440 --> 0:10:01.960 nonprofits to reach out to the community and then be 0:10:02.160 --> 0:10:05.760 like they're like proxy, like be their ambassador. So they 0:10:05.760 --> 0:10:08.360 would be the ones to help in those communities teach 0:10:08.400 --> 0:10:10.400 people about business plans and other stuff. 0:10:10.880 --> 0:10:14.600 Okay, and each demographic has its own, right because I 0:10:14.640 --> 0:10:17.480 know you said that you were working with the Filipino. 0:10:17.440 --> 0:10:21.040 Area, and is that true for the Hispanic area? 0:10:21.280 --> 0:10:24.400 Yeah, and the black communities too. So the banks knew 0:10:24.440 --> 0:10:27.720 that the only way for people to get used to 0:10:27.800 --> 0:10:30.000 them is to go through the nonprofits they know or 0:10:30.040 --> 0:10:32.640 the churches they know. So most of these communities have 0:10:32.720 --> 0:10:34.880 their own so you could just look up what's in 0:10:34.920 --> 0:10:37.679 your area look up who the main players are who 0:10:37.720 --> 0:10:41.040 are doing work in the area, really good community nonprofit work, 0:10:41.240 --> 0:10:42.840 and they're probably doing this already. 0:10:43.200 --> 0:10:44.080 But how do you look it up? 0:10:44.280 --> 0:10:48.640 How so you could look up small Business Counseling or 0:10:48.880 --> 0:10:53.400 free small Business Development Center SBA and you'll find it. 0:10:53.880 --> 0:10:55.680 And do you have to how do you qualify? Like, 0:10:55.720 --> 0:10:57.839 it's okay if I'm a small business owner, I want 0:10:57.880 --> 0:11:01.360 to have a business plan? Me right, there's a certain 0:11:01.559 --> 0:11:04.360 qualification that I have to meet to have a free 0:11:04.360 --> 0:11:04.960 business plan. 0:11:05.160 --> 0:11:09.120 No, it's free. You fill out one form with your name, address, 0:11:09.640 --> 0:11:12.640 and you check that you certify this information is true 0:11:12.840 --> 0:11:13.400 and that's it. 0:11:13.800 --> 0:11:16.839 So I can google. I can google s B a s. 0:11:16.880 --> 0:11:22.240 B a free business counseling or small business development center, 0:11:22.720 --> 0:11:24.760 and then you can find one near you and they're 0:11:24.840 --> 0:11:27.960 targeted to let's say women, or let's say the community 0:11:27.960 --> 0:11:30.839 that you're part of, and it's all free. They also 0:11:30.880 --> 0:11:34.880 have another program called SCORE and that program is with executives. 0:11:35.080 --> 0:11:37.440 So it's I forget the first part, but it's retired 0:11:37.520 --> 0:11:41.440 executives and it's these guys who are like retired in there, 0:11:41.640 --> 0:11:45.400 you know, in their retired time frame, like they're they're 0:11:45.760 --> 0:11:47.800 they're free and they want to give back, and they 0:11:48.080 --> 0:11:50.480 also do counseling for you. So you can even hear 0:11:50.480 --> 0:11:53.679 from an executive, which is a trip because they're they're 0:11:53.840 --> 0:11:56.120 you know, golfing and hanging out and they want to 0:11:56.120 --> 0:11:58.840 give back and so they will talk to anybody. You 0:11:58.920 --> 0:11:59.640 just make an appointment. 0:11:59.679 --> 0:12:01.880 And it's so in the area that you worked. What's 0:12:01.920 --> 0:12:02.520 the retenttrary? 0:12:02.520 --> 0:12:04.520 How many people do you see trying to create small 0:12:04.559 --> 0:12:06.760 businesses in the community you served. 0:12:06.960 --> 0:12:08.960 The thing is the thing that people think is you 0:12:09.000 --> 0:12:11.720 need money to make money. You don't need money to 0:12:11.720 --> 0:12:14.439 make money, you need drive. The thing that I saw 0:12:14.480 --> 0:12:18.360 that made everybody successful is they had ambition, Like they 0:12:18.360 --> 0:12:20.120 could have a couple bucks in their pocket, but they 0:12:20.160 --> 0:12:22.320 knew that they could do it. I had one sister. 0:12:22.400 --> 0:12:25.480 She had an ice cream truck and I'll give her 0:12:25.480 --> 0:12:29.360 a shout out. Her name, her company name is Callie Pop. 0:12:30.120 --> 0:12:32.120 And she would go in the hood and sell ice cream. 0:12:32.200 --> 0:12:33.240 Like why are you going in the hood. She's like, 0:12:33.280 --> 0:12:35.640 my papa did that. My papa did that because it 0:12:35.720 --> 0:12:37.120 was the jungle and he was the only one that 0:12:37.160 --> 0:12:39.800 would sell ice cream in the hood. And I helped 0:12:39.800 --> 0:12:43.160 her and so we got her her things set up. 0:12:43.280 --> 0:12:45.480 She got set up at the commissary like where she 0:12:45.520 --> 0:12:49.000 stocked her stuff. And just like the other day, I 0:12:49.040 --> 0:12:52.080 saw her in the Beach Cities areas and she was 0:12:52.120 --> 0:12:54.120 selling to the kids, and I was like, girl, you're 0:12:54.120 --> 0:12:56.880 doing good, Like I'm so proud of you that you 0:12:56.960 --> 0:12:59.520 came up. And she she didn't have much, but she 0:12:59.640 --> 0:13:02.439 made it work. But she had that determination and it 0:13:02.800 --> 0:13:05.400 was like her legacy because it came from her dad. 0:13:05.520 --> 0:13:07.600 So she really wanted to do it. And so I 0:13:07.600 --> 0:13:12.400 had people doing childcares and people doing record stores. I 0:13:12.400 --> 0:13:15.960 have restaurants, and they had nothing. They had no education, 0:13:16.200 --> 0:13:21.240 even you know high school dropouts, right, And one of 0:13:21.240 --> 0:13:23.520 my clients in the Park's Finest, they were high school 0:13:23.559 --> 0:13:25.760 dropouts and they used to cook barbecue in the hood 0:13:26.040 --> 0:13:28.160 to stay out of trouble, so they wouldn't get into 0:13:28.200 --> 0:13:29.960 fights with people because they'd be the ones that would 0:13:29.960 --> 0:13:32.800 come through and cook for you for your parties. So 0:13:32.800 --> 0:13:35.120 they never got in anybody's way. They were run on 0:13:35.200 --> 0:13:38.280 anybody's side. And they came to me one day and 0:13:38.320 --> 0:13:40.000 they're like, yo, like we want to go and buy 0:13:40.000 --> 0:13:42.640 this trailer. We want to buy this barbecue trailer. And 0:13:42.679 --> 0:13:45.080 so I helped them through it. They ended up now 0:13:45.080 --> 0:13:47.800 they have a storefront. They got on diners, drive ins 0:13:47.800 --> 0:13:50.240 and dives on the food network and it's like and 0:13:50.280 --> 0:13:51.719 it there's high school dropouts. 0:13:51.960 --> 0:13:55.319 So let me ask you this. So the Small Business Administration, Yeah, 0:13:55.360 --> 0:13:57.920 they help you. They can write, well, they can help 0:13:57.960 --> 0:14:00.480 you write a business plan. Yes, they can help you 0:14:00.520 --> 0:14:04.479 with coaching, mentorship, right, can they help you with funding. 0:14:04.600 --> 0:14:07.560 Yes they can. So all of the coaching and the 0:14:07.600 --> 0:14:10.400 classes that they have they do want to get you 0:14:10.440 --> 0:14:13.320 set up so you can go and get a loan. 0:14:13.840 --> 0:14:15.959 And so they actually have education on how to get 0:14:16.000 --> 0:14:18.319 a loan from a bank. So they work with banks 0:14:18.360 --> 0:14:21.520 on getting businesses ready to go and try to go 0:14:21.600 --> 0:14:24.320 for a loan. So all these banks and the SBA, 0:14:24.440 --> 0:14:26.840 they all work together to try to help the different 0:14:27.160 --> 0:14:31.760 business clients get ready and you know, try to acquire 0:14:31.800 --> 0:14:32.960 that which is possible. 0:14:33.320 --> 0:14:34.120 And it's all free. 0:14:34.920 --> 0:14:38.120 That is free, all free. It's all free. But we 0:14:38.160 --> 0:14:38.920 don't know about it. 0:14:39.640 --> 0:14:39.880 We do. 0:14:40.000 --> 0:14:43.120 Now, what are some things some people can do to 0:14:43.160 --> 0:14:45.440 help them help their chances to get alan because that's 0:14:45.440 --> 0:14:46.800 always come down to money and it. 0:14:46.840 --> 0:14:50.040 Always comes out with credit, right, So use your credit 0:14:50.120 --> 0:14:54.120 card responsibly and build your credit score up slowly and 0:14:54.120 --> 0:14:57.000 be responsible. So even if you okay, so when people 0:14:57.040 --> 0:15:00.400 use debit cards, it's cash out the door, right, which 0:15:00.440 --> 0:15:01.720 is fine because you're like, oh, I don't want to 0:15:01.720 --> 0:15:03.360 spend more than I have in my bank. But if 0:15:03.360 --> 0:15:05.480 you can discipline yourself and use a credit card and 0:15:05.520 --> 0:15:08.840 pay that fifty bucks down every month, then you have 0:15:08.960 --> 0:15:11.480 like a track record of credit. I remember the first 0:15:11.480 --> 0:15:13.920 credit card I opened, I only had five hundred dollars, 0:15:14.040 --> 0:15:16.680 like that's all I could get, Like that was my max. 0:15:16.960 --> 0:15:19.200 And I still have that card today because it and 0:15:19.280 --> 0:15:21.640 I won't close it because it has a history of 0:15:21.920 --> 0:15:25.320 credit history of how many years I've had that one 0:15:25.440 --> 0:15:27.800 credit card. In fact, I don't think I even increased 0:15:27.840 --> 0:15:29.760 the limit. I still only have five hundred on it. 0:15:29.800 --> 0:15:32.120 But I never closed it, and so they've seen like 0:15:32.480 --> 0:15:36.080 decades of me using a credit card. And I didn't 0:15:36.080 --> 0:15:38.000 have a lot of money at the time, like I 0:15:38.080 --> 0:15:41.240 was a student, like I literally they didn't know who 0:15:41.320 --> 0:15:43.480 I was. But I applied for it as a student. 0:15:43.560 --> 0:15:45.200 I was like, oh, yes, I have this five hundred 0:15:45.200 --> 0:15:47.800 dollar card, and at the time that was like a 0:15:47.800 --> 0:15:50.040 lot of money for me. So I just never went 0:15:50.080 --> 0:15:52.160 over and I paid it off and then over time 0:15:52.160 --> 0:15:52.640 you built your. 0:15:52.600 --> 0:15:55.640 Credit score back to funding for a seconds. What's the 0:15:55.680 --> 0:15:58.040 maximum amount of money that can be loaned for a 0:15:58.040 --> 0:15:58.920 small business? 0:15:59.320 --> 0:16:02.080 There is there's no mak, no max. Okay, there's no max. 0:16:02.240 --> 0:16:05.000 There's different levels. So they have different programs for like 0:16:05.120 --> 0:16:08.480 depending on how much business you do, but they have 0:16:08.920 --> 0:16:12.240 smaller loans. It's more what's the minimum? I think that's 0:16:12.280 --> 0:16:14.840 the question. Like it's more like can I go for 0:16:14.920 --> 0:16:17.520 five thousand dollars? Can I go for ten? And so 0:16:17.960 --> 0:16:19.720 what it is is you can go and make a 0:16:19.760 --> 0:16:22.440 relationship with your bank, go and talk to someone there 0:16:22.480 --> 0:16:25.120 and start to ask these questions and they will actually 0:16:25.120 --> 0:16:27.600 also coach you through it to help you get ready. 0:16:27.920 --> 0:16:30.000 And it's all that's all free too. 0:16:30.320 --> 0:16:31.840 So I want to ask you one more question. The 0:16:31.920 --> 0:16:33.720 chamber of commerce you work with chame more commerce? 0:16:33.800 --> 0:16:36.400 Right? I did I work for? After this nonprofit? I 0:16:36.440 --> 0:16:38.320 work for an Asian Chamber of Commerce? 0:16:38.520 --> 0:16:40.040 So what is the chain of I could? I always 0:16:40.080 --> 0:16:43.200 hear chain of commerce here in this city, and there's 0:16:43.240 --> 0:16:45.560 different groups to have chain Like what is it? What 0:16:45.640 --> 0:16:46.720 is it? What does that mean? Like? What is a 0:16:46.800 --> 0:16:47.520 chain of commerce? 0:16:47.560 --> 0:16:50.840 What do you do So a chamber of commerce takes 0:16:51.520 --> 0:16:54.400 Businesses can sign up to join as a member, and 0:16:54.440 --> 0:16:58.360 you basically are members with other people, and then you 0:16:58.400 --> 0:17:01.600 can network with these people, meet them, maybe do business 0:17:01.600 --> 0:17:04.879 with them. You can go to their different events and 0:17:04.960 --> 0:17:08.880 learn from them, and it's basically an association, so you're 0:17:08.880 --> 0:17:11.159 not solo on your own. Like if you start a 0:17:11.160 --> 0:17:13.560 business and you're like, I don't know anybody. Where can 0:17:13.600 --> 0:17:15.760 I meet somebody or where can I learn from other people? 0:17:16.080 --> 0:17:18.240 And even though they're your peer group, like they're the 0:17:18.240 --> 0:17:19.919 same as you, they might have a tip that you 0:17:19.920 --> 0:17:23.119 don't know. So by going and hanging out with these people, 0:17:23.280 --> 0:17:25.800 you're also kind of raising the bar on yourself because 0:17:25.800 --> 0:17:27.800 you're learning from other people who might be struggling the 0:17:27.800 --> 0:17:30.199 same way but might have a tip for you. They 0:17:30.280 --> 0:17:33.080 might know something about a program, or they might actually 0:17:33.080 --> 0:17:36.280 introduce you to some business, and so by being around 0:17:36.600 --> 0:17:39.239 other people like that, you're just going to raise your 0:17:39.280 --> 0:17:40.359 chances of doing better. 0:17:40.920 --> 0:17:44.280 Okay, So a chain of commerce is not a government institution. 0:17:44.520 --> 0:17:47.400 It's not it's by the city. And then there are 0:17:47.440 --> 0:17:49.560 these offshoots like the one I work for, that are 0:17:49.600 --> 0:17:52.720 for the community. So there are nonprofit ones and they're 0:17:52.760 --> 0:17:54.920 all really like geographic base. 0:17:55.040 --> 0:17:58.480 Most of the time, anyone can can visit the chamber. 0:17:58.240 --> 0:18:00.600 Of commerce, you can join, there's usually a you to join, 0:18:01.119 --> 0:18:03.399 so that's the only kind of thing that you have 0:18:03.480 --> 0:18:06.560 to sign up for, right, cool. 0:18:06.560 --> 0:18:08.280 Cool, So yeah, that was some good information. So now 0:18:08.280 --> 0:18:09.840 we're going to go into the second segment. We're going 0:18:09.920 --> 0:18:13.720 to talk about different programs to hire small businesses. So 0:18:13.760 --> 0:18:15.359 the first thing you have to do is educate yourself 0:18:15.400 --> 0:18:18.040 to actually start a business. But once you start a business, 0:18:18.280 --> 0:18:21.240 was educating us that there's a lot of initiatives and 0:18:21.280 --> 0:18:24.399 programs and even stipulations a lot of times big corporations 0:18:24.440 --> 0:18:27.399 have to put in place to bring small business owners on. 0:18:27.520 --> 0:18:29.440