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.