Out Box Communications

Loanmantra.com Provides Advice by Women for Women --  Overcoming Gender Inequality around Funding Together It’s Women’s History Month! As we celebrate the outstanding contributions women have made in the past, there are current trends making history. The  United Nations  champions International Women’s History theme: “DigitALL: Innovation and technology for gender equality,” to highlight the need for inclusive and transformative technology and digital education. One-way women are fueling growth as innovators is through business ownership. The U.S. has  12.3 million  women-owned businesses, which generate $1.8 trillion per year. America also leads the way in growth for  female businesses globally! Despite these accomplishments, there are still forms of inequity to address when it comes to financing women-owned businesses. Many people already know about the “wage gap,” or that female employees earn less than men, but a lesser-known statistic is that women acquire less business funding in

Photo courtesy of Cottonbro Studios According to a recent Monster survey, 96% of people are currently job hunting, in large part because they need to make more money. Unfortunately, since pay isn’t keeping up with inflation, 39% of Americans currently have a side hustle and 44% believe they’ll always need one to make ends meet. But what if money could be earned while you sleep? Or Dave Ramsey says it this way, “What if you could give yourself a raise in your spare time?” That is where passive income comes in. It can be incredibly helpful to generate passive income, which is revenue that takes very little effort to acquire. Passive income is a type of unearned income that is acquired with minimal labor to earn or maintain. It is often combined with another source of income, such as regular employment or a side job. Passive income, as an acquired income, needs to be reported to the IRS for taxes. Examples of passive income include rental income and business activities in which the e

Are you a local restaurant that missed out on the Paycheck Protection Program (PPP)? If so there is another chance! A new $28.6 billion Restaurant Revitalization Fund launched on May 3 has funding designed to reach those hardest hit during the year-long pandemic.  Records indicate that more than half of small business loans for the PPP went to larger businesses. That's why Atlanta-based Loan Mantra is offering help to any restaurant or small business that needs funds.    “Most small business owners haven’t had access to resources like a pers onal banker to turn to when they need help with funding; but now they can turn to us,” says RAJ TULSHAN, founder of Loan Mantra.    Independent, rural, minority and female-owned restaurants, are just a few examples of those that were left behind or underfunded during (PPP).  Minority and Latinx-owned businesses fared the worst, just 12 percent of workers received the assistance they requested .  That’s why one company, Loan Mantra connects sma