Ingols Digital

🧙‍♂️Gurus — beware of them. 🕵️‍♀️
​
⚠️I don’t know about you…but with re-targeting software popping up everywhere I often find thousands of business gurus, mentors, and/or coaches that are willing to teach me so many things online, especially after I bump into an SEO service package or an online marketing company that I am researching about.

😩Those gurus mesmerize me with promises of wonderland, and I often get caught on their net of get-rich-quick-dreams but the main question I make myself is: If this guy is so good at this, why is he teaching other people instead of implementing his ideas himself?

Click on the link to read the entire post and learn how a family turned a failing fruit stand into one of the most successful flower shops in Toronto!



https://www.ingolsdigital.com/blog/how-to-gurus-and-flowers

Source:
Robert Frank, Dawn Giel and Nate Rattner

Even as the U.S. small business relief program is set to reopen Monday with fresh funding, the full extent that public companies tapped the emergency facility is only now becoming clear.

More than 200 public companies applied for at least $854.7 million from the government program that was billed as for small businesses without access to other sources of capital, according to Washington D.C.-based data analytics firm FactSquared.

That includes $126.4 million for three public companies affiliated with Texas hotelier Monty Bennett. One of those firms, Ashford Hospitality Trust, applied for $76 million in 117 separate loans, the most by a single company, according to regulatory filings.

The government’s Paycheck Protection Program sparked outrage after its initial $350 billion allotment quickly ran out and it was revealed that big public companies secured loans while hundreds of thousands of small businesses seeking relatively tiny amounts were left in limbo.

Last week, the Small Business Administration attempted to close that loophole, saying that big public companies “with substantial market value and access to capital markets” aren’t eligible and that firms that already tapped the fund had two weeks to return the PPP money.

Since then, companies including Ruth’s Hospitality Group and sandwich chain Potbelly have followed Shack Shack in returning their PPP funds.

But the data from FactSquared, which uses a machine-learning bot to trawl regulatory filings to produce an overall picture of the PPP, shows the full extent that public companies have successfully navigated the government’s program.
Last week, Morgan Stanley analysts found that public companies had gotten $243.4 million from PPP. That figure quickly ballooned as more companies filed disclosures.

Banks including JPMorgan Chase and Bank of America have also come under fire after reports that bigger customers got better treatment and were generally much more successful in tapping the PPP than small mom-and-pop businesses, leading to allegations that lenders unfairly prioritized some clients. The loans are forgiven if business owners can show they used the money for approved purposes like payroll.