Assembled Brands CEO Says Many Small Businesses Aren't Getting Aid They Need

Assembled Brands CEO Says Many Small Businesses Aren't Getting Aid They Need

Assessment

Interactive Video

Business

University

Hard

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The video discusses the challenges faced by small businesses in accessing federal relief funds, highlighting inefficiencies in the current lending process. The speaker, an entrepreneur with experience in small business lending, proposes technological solutions to streamline the process. The discussion covers the role of community banks, technological and regulatory challenges, and the potential for long-term improvements in financial services. The immediate focus is on addressing the urgent needs of small businesses during the pandemic, with a view to enhancing future financial integrations.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do small businesses face in accessing federal assistance?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the speaker's experience in founding a small business influence their perspective on small business lending?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the proposed solution to improve the distribution of funds to small businesses?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What logistical issues contribute to the delays in small business funding?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways can technology improve the current system of small business lending?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What immediate needs do small businesses have regarding funding during the pandemic?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

How can small businesses utilize the funds they receive beyond immediate payroll needs?

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OFF