Evan Samlin emphasizes the crucial role of supporting small businesses. He considers it important to support small businesses as a means to drive economic growth, encourage innovation, and cultivate thriving communities.
Evan Samlin Emphasizes the Crucial Role of Supporting Small Businesses
1. Evan Samlin Emphasizes the Crucial Role of
Supporting Small Businesses
Evan Samlin emphasizes the crucial role of supporting small businesses.
He considers it important to support small businesses as a means to
drive economic growth, encourage innovation, and cultivate thriving
communities. With a passion for empowering entrepreneurs, he has
formed partnerships with various charitable organizations dedicated to
assisting small businesses.
When the pandemic struck, Evan’s REIL Capital demonstrated its
commitment by donating over 200,000 masks to local small businesses,
aiding them in staying operational and overcoming the challenges posed
by the crisis. Evan firmly believes that by extending a helping hand to
one another, we can foster resilience during difficult times, fostering a
stronger collective response.
Evan Samlin motivates millennial owners to take a proactive approach
in managing their expenses. In addition to effectively balancing costs in
proportion to income, he emphasizes the importance of having an
emergency fund readily available. Maintaining a healthy bank account
balance is vital for qualifying for top-tier financing options and securing
high-quality financial resources. By prioritizing financial preparedness
and responsible money management, millennial owners can establish a
solid foundation for their financial well-being.
Evan Samlin further talks about ERC. According to him, ERC (Employee
Retention Credit) is a government stimulus program specifically crafted
to support businesses that retained their employees throughout the
pandemic. This program was established as a crucial component of the
CARES Act, spanning from March 2020 to September 2021. It is
accessible to small and mid-sized businesses alike.
By participating in ERC, employers can effectively lower their payroll tax
expenses while simultaneously providing financial stability to their
2. employees during these challenging times. The program aims to alleviate
the economic impact of the pandemic and assist businesses in sustaining
their workforce.
Evan Samlin has helped facilitate the creation of an Employee Retention
Credit Program worth about $25 million for small businesses throughout
the US in an effort to give back to them. Businesses that are affected by
supply chain disruptions are eligible for the Employee Retention Credit.