21 Hats Podcast Dashboard: A Glimmer of Hope for Small Businesses
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May 19, 2025 John Arensmeyer, Founder and CEO of Small Business Majority, shares invaluable insights on the pressing needs of small business owners. He discusses the challenges they face in accessing capital and highlights recent bipartisan efforts to protect funding sources like the CDFI fund. Arensmeyer emphasizes the importance of reforming tax benefits, particularly the 199A deduction, to better support smaller businesses. He ends on a hopeful note, showcasing examples of legislative cooperation that could pave the way for a brighter future for entrepreneurs.
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Tariffs and Capital Access Concerns
- Tariffs remain the biggest concern for small business owners currently.
- Access to capital is also a major ongoing issue, with many businesses unable to secure adequate funding.
Need for Lending Clarity
- Most small businesses want clearer info on financial products to avoid predatory lending.
- They seek transparency on APR and actual repayment requirements.
Cuts Threaten Underserved Business Aid
- Many government programs aiding small businesses have faced cuts recently.
- Money meant for underserved communities is at risk due to political focus on program names over impact.