Small Business -- Help at Last!!!!!

If you have been reading from my early blogs, they dealt with the problems I am suffering from this bad economy and trying to run a Tree Surgery business: Affordable / Professional Tree Surgeons.

AT LAST---I am getting help!
Did you know that some 2 years ago the IRS put in a new tax break for large corporations? They did!!!!

What is it?

A large corporation which establishes a Foundation whose funds are available to struggling small businesses gets a break!

Small businesses, like mine, which are suffering a 30-70% reduction in earnings over the last 3 years can apply for help. I applied for $50,000-$1,000,000 in relief. Last week, I got a grant for $50,000+!!!! It will be coming to me in 30-45 business days.

WOW!!!!!!!!!!!!!

How did I get it?

I was contacted by phone as a cold call some 3 months ago. The outfit is named Turnaround Business Group, Inc. They are located in Henderson, NV, about 50 miles from Las Vegas. They said they served as the liason between small businesses and Foundations waiting to fund them.

For a fee of about 1.8% of $50,000, they serve to get together your request / represent you to the corporation / get the funds you need. Their original financial cost for services provided is $2,999.00. Send the money and they start their work with a promise that nothing further is needed until they secure, at least, half of the funds requested. At that point an additional $4,790 is needed to pay for the Sears-Roebuck size catalogue of paperwork / legal details / web site with the promise of money delivery within 30-45 days. You can repay your initial costs out of those funds.

Now you are saying, "This sounds like a scam since money is required up front!" NO!!!!!!!!

First, they provided me with contact information for the Attorney General's Office in the state of Nevada, should I wish to check them out. I was also encouraged to contact the local Chamber of Commerce and Better Business Bureau. I did! They are real and have no complaints against them.

When I could not come up with the entire $2,999.00, they were willing to accept the $2,500 I could borrow to start the process. Needless to say, when you have been operating at 30% of earnings for 3 solid years / lost your home to foreclosure / had your water and electricity turned off several times during this Depression--er, Recession--as long as you listen to government pontificaters!

It was a real struggle to find that initial money, but a kind Baptist friend who owns a finance company was willing to take the risk--as long as I secured the loan with my truck and an expensive Chipping Machine. My family had been "loaned out" trying to help me keep my house 3 years ago. This is the reality for far too many of us small business owners since our economy took a "slight" nosedive under the Bush Administration's fine regulatory practices. I say this in jest, of course!!!

I was convinced of their legitimacy the second they offered to take less than the stated fee. In addition, in the course of conversation via phone, I discovered these people have religious convictions--and it is real rather than another "come on" using religion to fake you out!

Within the stated 90-180 days they produced!!!!

Now I am finishing questionares to formulate a small part of the Sears catalogue of documents.

Here is how this Grant works:

(1) I am required to set up a non-interest-bearing checking account into which the funds go.
(2) I must make a 6-month report to the Foundation which includes copies front and back of all checks issued to fulfill my request.
(3) The Grant comes with an IRS tracking number, lest I run afoul of the taxman. It is non-taxable as long as it is spent to secure my business.

The rationale for helping small businesses to compete again:

(1) I hire and secure employees whose families get income so they can, again, support the general economy and pay their taxes.
(2) I buy equipment so the providers of such have an income. For example, Bobcat of Wilson is struggling with reduced sales and repairs. I still owe them $1,000 for repair of my A-300 machine last year. My income is such that I can't pay it. Now I can---and I am ordering a new machine with trailer to carry it! They are getting much more happy with this struggling customer! I am tired of transporting my maching with overdrive kicked out for 2 hours to service my customers in my local Beaufort County home/office.
(3) I repay accumulated debt which amounts to some $120,000. They are happy!
(4) I am able to build/lease property to house my business. Construction and Real Estate people are happy!
(5) I am able to have several billboards to fill the many which are vacant these days. The billboard/advertising people are happy!
(6) I can now bring quality tree care to people who don't yet know me. They will be happy they met me and get quality work at affordable prices!
(7) I can buy a tractor-trailer rig to get to Hufficane/Storm relief needs. They will be happy to not have a gouging contractor in place to help them recover!

I hope, by now, you see the first wisdom I have seen in this whole economic mess. At last, someone is helping small business get back on its feet! My earliest blogs were about my attempts to get federal help through my 2 NC Congressional Representative---not a single thing came my way except more of "we must help Corporate America and the Banking Industry.

Folks--Trickle Down Economics doesn't work!!! If you haven't figured that one out yet, ask a question: "If we own 61% of GM as taxpayers, why aren't all their products 61% cheaper to the taxpayers whose money was used to bail them out???"

Don't you think if the above were true, we would be buying GM products right and left so they could put their assemblyline workers back to work--plus the sub-assembly companies providing goods to that line? Check out the economy of Michigan to see if anything happened---other than Corporate Executives getting bonuses I could run my small business on for the next 5 years! IT HAS NOT HAPPENED.

The same is true of the Financial Industry: Has anyone who lost some 45% of their investment value been restored? Have any of the lying/cheating pencil pushing/creative accounting thieves gone to the Federal Pen over their clearly unlawful securities practices?

I have a Series 6 Securities Liscense and know whereof I speak. You are fingerprinted upon getting it, and the laws/guildelines are clear: "Tell the truth, the whole truth, and nothing but the truth" to anyone trusting you with money management. It's just that simple, or "Go To Jail-do not pass GO" as the Monopoly game card reads!

So here is my truthful story and my encouragement that you do something besides moan and groan about "how bad things are!" You have to have a little faith and trust in an environment where "if it is too good to be true--it probably isn't." We are being totally put into a prison of doubt by illegal practices which don't seem to get punished or controlled.

If you have some controlled trust and check things out so any doubts are alayed, you might find some help. I am sure there are some schemers out there. I get emails every day from folks promising Federal Grants/education/etc.

I don't respond because I don't want all the red tape attached to Government Grants. This, however, is a Private Foundation trying to get money into responsible hands. It has some IRS controls, but I am sure there will be illegitimte grantees trying to scam the system assuming "Wall Street and Detroit got away with it and so will I." Worse becomes even worse if we give up on the promise of the Free Enterprise System, properly competing, to give hard-working people in small business a chance to succeed or fail---according to their wisdom and hard work.

Where would you rather invest---Corporate America, where books are cooked and accounting has become more than creative / where long-term experienced personnl get the age 55 "golden parachute", OR your own business which provides good services at a reasonable price????

The ball is in your court now!