In this episode of
Money Creation Explained we are going to cover how Small
Businesses are the Backbone of the Economy.
In today’s world, large corporations and their brands get
most of the attention in the media, online, and in social
media. They have the resources to influence with high
advertising budgets, press releases, profit and loss
statements, their newest products, lobbying and the like.
Despite all this, small business accounts for over 99.9% of
all firms operating in the US and employs over 46% of the
entire workforce. At the time of this video, there are over
33 million small businesses in the US. Small businesses also
account for almost 45 percent of all economic activity in
the US and produce 16 times more new patents per employee
than large firms do.
Despite providing their communities with a large number of
benefits, small businesses do not get the same government
support as large corporations. There are many tax breaks,
incentives, and government money offered to large
corporations that do not exist for small businesses. Despite
the odds being against them, small businesses continue to
thrive with the help of the communities that they service.
Businesses always need money to grow, expand, and increase
cash flow. IOU Notes offers alternative forms of loans and
credit to businesses to help them succeed. The platform
gives any businesses the ability to offer their current and
future customers an internal credit and pay later option
that once was available to only larger companies that could
issue their own store credit program. Small businesses can
reach a larger audience in their community by offering a
very attractive get product or service now and pay later
option and not have to worry about high interest rates.
Another service offered by IOU Notes to businesses is called
Secure Loans. It allows users to leverage their own funds to
obtain small loans for personal and business use as needed
and never pay more than 5% interest per year on those funds
with 1 or 2 year repayment options. Using Secure Loans, a
user can have a dependable emergency loan option, help build
or rebuild their credit, budget their money better, and stop
paying high interest fees from other loans. This service was
created because of the need for affordable small loans.
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Crypto
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10 Million Max Supply Industry
leaders Bitcoin is
21 Million max supply
and Ethereum is unlimited.
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Note: IOU
Notes is a for profit company and any funds donated are not
tax deductible. We declare any donations as company revenue
and pay the applicable taxes on it.
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