“Business owners need to be experts in their own work, not application processes.”
That observation, from a small business owner, is included in a new report out this week from the Bipartisan Policy Center: From Pandemic to Prosperity: Bipartisan Solutions to Support Today’s Small Businesses. The small business owner was specifically referring to the difficulties of loan applications. But it can also be seen as a generally applicable takeaway for all areas of small business policy.
Policymakers on both sides of the aisle understand that small businesses have unique needs. Programs targeted specifically to help small businesses, and exemptions from burdensome rules, abound. Many regulations, for example, exempt employers under a certain size, usually 20 or 50 employees.
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