Thomas Tramaglini Blog

  • 7 Things That Lenders Look for When Small Businesses Apply for a Loan

    7 Things That Lenders Look for When Small Businesses Apply for a Loan

    A recent survey demonstrated that nearly 2 in 3 small business owners sought loans for their businesses in 2021. However, small business owners should have advance notice of what lenders are looking for from potential borrowers in 2022. This article gets at some of the characteristics lenders will ask borrowers who wish to secure financing for their businesses.

    By Thomas Tramaglini, Managing Director at BRP Onesta
    info@BRPOnesta.com
    www.backofficedepot.com
    www.thomastramaglini.com
    About Thomas Tramaglini

    1. Business Credit

    Business Credit should never be ignored – that is, generating business credit can be a difference maker when accessing secured or unsecured financing. Simply, business credit is how successful a business is in paying its bills which are linked to the business’s Employee Identification Number, not the owners Social Security Number.

    If you are not sure if you have business credit, you can use a tool like NAV.com for free to see if you have any current business credit.

    Some companies have programs where you can build your business credit. BRP Onesta has an affordable program where business owners can access and build their business credit with hundreds of different tradelines (Click Here to Access).

    2. Time in Business

    Time is business is very important for small business owners as lenders traditionally want to lend to businesses that have history versus a startup. The longer the time in business, the likelier it is that the business will continue to be in business therefore increasing the changes the loan will be paid back.

    Lenders prefer a track record of successfully servicing previous loans and history of running a business. This makes it more difficult for new businesses to get funding as lenders are less likely to take the risk of lending to new businesses, especially those in business less than 2 years.

    3. Business Borrowing History

    Many lenders will check previous loan or borrowing history, including how the small business owner paid his or her bills in other business transactions. Lenders want to see positive payment histories, as well as few inquiries, late payments, collections, or mass UCC filings. Further, if a small business has had previous poor history with alternative lenders those lenders may have filed a lawsuit or judgement against the business ultimately blacklisting the small business from subsequent borrowing.

    This article lays out several ways that your small business may be blacklisted by alternative or internet lenders.

    4. Personal Credit Scores

    Lenders will almost always do a soft or hard pull on the business owners’ personal credit, as their credit score is an indicator of their credit worthiness. Newer businesses will tend to be evaluated more from the owner’s personal credit than other factors, such as revenue or number of deposits. Further, many times credit score weighs into risk, which drives interest or factor tiers for total payback. Naturally, the better the credit history, the better the loan options will be for the borrower.

    So, before applying for financing, it is important for small business owners to grasp their personal credit history and understand how it will impact their borrowing.

    5. Cash Flow

    Cash flow is a very important part of what the underwriters look at when reviewing a loan request. The lenders want to ensure that the business owner can service the debt that they are accruing. That is, the lenders want to know that the business owner can make the payments, with some form of reasonable cushion.

    Some of the components of cash flow include the number of deposits that are made each month, the average daily balance of the business bank account(s), the number of NSFs and negative days, and the amount of revenue versus the expenditures made by the business. Further, it is not uncommon for lenders to review the types of expenditures made. For instance, if a business owner is continually making non-business-related expenditures using the business account, it can be a red flag to lenders that spending routines are not routine.

    6. Collateral

    Some banks, as well as credit unions will secure some of the loans that they made. Most SBA loans can carry some sort of guarantee with collateral, but banks cannot decline the SBA application just because the small business owners do not have collateral. In many cases, loans that are secured with collateral have longer terms and lower interest rates. However, this is only in retrospect of what other conditions that the lenders have in reviewing their loans.

    7. Industry

    Some lenders look at some industries different that other industries. For instance, industries like restaurants are less risks than residential construction companies that have only a few deposits a month. The team at BRP Onesta has a list of restricted or risky industries by NAICS code on its website.

    Finding loans that suit your needs

    As you can see, there are several different aspects of a small business that lenders look at. We highly suggest you have one of our experts review your financing needs before you apply. Doing so can help you protect your company from unnecessary credit pulls or countless unsolicited phone calls. You can contact one of our advisors by clicking here or calling (888) 743-7856

    Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico, and Canada.

  • Where to Get Free Money for Your Small Businesses: Small Business Grant Portal

    Where to Get Free Money for Your Small Businesses: Small Business Grant Portal

    Without a doubt, small business owners want access to capital so they can run and grow their businesses. However, many small business owners who we speak with do not know where to start. So, to help small business owners access these free programs we have built a list of small business grants on our portal which we keep current weekly.

    In this article, we provide an overview of current grant programs, highlight one current grant program, and list others that are available (scroll down)

    By Thomas Tramaglini, Managing Director at BRP Onesta
    info@BRPOnesta.com
    www.backofficedepot.com
    www.thomastramaglini.com
    About Thomas Tramaglini

    Is my business eligible for grant funding?

    This is always a loaded question. However, most small businesses do qualify for some type of grant funding.

    There are always different methods for how to find the right grant. We suggest that any small business owner looks based on:

    • Goals of grant (usually grants carry a greater mission to solve problems – for instance, grants that lead to job creation)
    • Industry – search for grants specific to your industry
    • Grants tend to address places of higher poverty

    The key of looking for a grant is to not focus on just getting money. Instead, focus on how organizations that provide grants want you to spend the funds. Then, you can organize your application around how to match your business to what the organization is looking for grantees to accomplish.

    Certifications – Where Grants Have Prevalence.

    Does your business have a certification? Does the small business owner have a certification? Many grants are put aside for businesses that have a certification. Some of the certifications are:

    • Woman-owned small business
    • Minority-owned small business
    • Disadvantaged business enterprise
    • Veteran-owned small business

    For more information on the certifications, and how to get your certification and others, click here.

    7 Things Every Small Business Owner Should Be Ready for When Applying for A Grant

    Grants represent a great way to access capital for a business, however there are several things which small business owners should be aware of before applying. In preparation for writing a grant, we have built an extensive, yet helpful list of important things which will help any small business owner in their pursuit of a small business grant.

    This list of what to expect can be found here: Click Here.

    Highlighted Grant Database: Grants.gov

    For the month of May, we are highlighting the Grants.gov website.

    Grants.gov warehouses thousands of different grants provided by the Federal government. Small business owners can search available grants at https://grants.gov/web/grants/search-grants.html. On the database you can look at grants by industry, funding instrument, agency, and opportunity status.

    What Small Business Grants are Currently Available?

    Small business grants are free money for small businesses which are provided by government, non-public, and for-profit entities. Most small business grants provide business owners an avenue to apply for a bigger goal. For instance, the US Department of Labor has hosted grants to small businesses in places of high poverty for the development of careers and creation of new jobs.

    While it takes time and effort to research and apply for grants, the end game can be worth it as small business grants are funds which do not need to be paid back.

    To help you get started, we always keep and refresh small business grants which are available to small business owners (https://www.backofficedepot.com/smallbusinessgrants).

    Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico, and Canada.

  • 8 Affordable Small Business Financing Options for The Post Pandemic Era

    8 Affordable Small Business Financing Options for The Post Pandemic Era

    While the Economic Injury Disaster Loan (EIDL) and the Payroll Protection Programs (PPP) were beneficial for small business owners, as they say, “all good things must come to an end.” What it does not mean is that there are not great options out there for small business owners to take advantage of. We know that traditional bank loans and lines of credit are rarely out there but that does not mean access to financing has to be hard or expensive.

    In this article, we will share a list of 8 different financing products which are easy to attain, and in some cases will cost you nothing.

    By Thomas W. Tramaglini, Managing Director at BRP Onesta
    info@BRPOnesta.com
    www.backofficedepot.com
    www.thomastramaglini.com
    About Thomas Tramaglini

    What’s out there for small business owners?

    In the post EIDL/PPP era, what is out there for small businesses? We get that question a lot from clients to we put together a list of 8 options for small business owners. Also, you can apply through our platform as we do not charge clients broker fees or add on extra origination charges, ultimately making the product more affordable than going through loan brokers or directly through a website for business funding.

    Small Business Grants

    Small business grants are free money for small businesses which are provided by government, non-public, and for-profit entities. Most small business grants provide business owners an avenue to apply for a bigger goal. For instance, the US Department of Labor has hosted grants to small businesses in places of high poverty for the development of careers

    and creation of new jobs.

    While it takes time and effort to research and apply for grants, the end game can be worth it as small business grants are funds which do not need to be paid back.

    To help you get started, we always keep and refresh small business grants which are available to small business owners (https://www.backofficedepot.com/smallbusinessgrants).

    Term loans

    Term loans are easy to apply for and usually provide small business owners terms from 1 year out to 5 years. Approvals are based on underwriting guidelines specific to the industry, amount of loan, monthly revenue, credit score, business credit score, and time in business.

    Small business term loans usually have set fixed interest rates and payments can be daily,

    weekly, bi-weekly, or even monthly. For most term loans under $150K the only documentation needed tends to be an application, business bank statements, as well as proof of business. Some lenders ask for taxes if your funding request is for more than $150,000 or on a case-by-case basis.

    Average Range for Borrowing: $1,500 to $550,000

    Rate(s): 7% – 38% APR

    Credit Score Requirement: 600

    To apply for pre-qualification (no credit pull) for a Small Business Term Loan Click Here.

    Equipment Term Loans with Rebate

    Some equipment loans carry rebates which can be advantageous for small business owners. That is, a lender will lease to the small business a piece of equipment and provide a rebate at an amount which is parallel to the costs of the equipment loan. For instance, if it is determined that the equipment loan is for $25,000, the equipment is then amortized with interest over 60 monthly payments, without origination or fees. Then, upon receipt of equipment, a rebate is provided for the business owner for the equipment at the amount the equipment costs.

    What is beneficial about the loan is that to an extent, equipment is tax deductible under Chapter 179 of the IRS Tax Code so what you are paying back is tax deductible. Also beneficial is that this loan is not one that counts as an MCA position and having a longer term make the payments more affordable than traditional term loans.

    Average Range for Borrowing: $20,000 to $100,000

    Rate(s): 15% – 20% APR

    Term(s): 5 years

    Credit Score Requirement: 680

    Business Credit Score: Paydex Score of 80

    To apply for pre-qualification (no credit pull) for a 5 Year loan click here.

    Line of Credit

    Lines of credit have the most flexibility. For instance, the beauty of a line of credit is that you only draw what you need when you need to. Applications for lines of credit are fast and have

    flexible terms.

    Range for Borrowing: $1,500 to $250,000

    Rate(s): 7% – 28% APR

    Term(s): Variable

    Credit Score Requirement: 680

    To apply for pre-qualification (no credit pull) for a line of credit, click here.

    Short Term Loan

    Short term loans are those which go from 6 months to 5 years. Most short-term loans have

    weekly payments and little underwriting requirements. Further, credit is less important and while rates tend to be higher for small business owners, there is minimal paperwork needed and funds can be disbursed in as fast as 1 hour.

    Average Range for Borrowing: $2,500 to $500,000

    Rate(s): 8.99% – 34% APR

    Credit Score Requirement: 450

    To apply for pre-qualification (no credit pull) for a line of credit, click here.

    Consolidation Loan

    Consolidation loans present a host of different options for small business owners who already have debt or would like to combine working capital already taken. There are

    different consolidation programs available which small business owners can use to ensure that they have the maximum economic performance they can have.

    For originators, loan consolidation is an art. There are virtually dozens of ways to consolidate loans which can be helpful. Once you apply, our team will craft an option which provides you a simple, affordable road map for consolidation and beyond.

    Average Range for Borrowing: $25,000 to $500,000

    Rate(s): 9.0% – 39% APR

    Term(s): Up to 3 years

    Credit Score Requirement: 500 and up

    To apply for pre-qualification (no credit pull) for a consolidation loan, click here.

    Equipment or Vehicle Loans

    Perhaps one of the best loans small business owners can take is for equipment or vehicles. With relatively low rates, equipment or vehicle loans can be efficient and lower in cost than working capital loans or merchant cash advances. Plus, the benefits are that the loan does not usually go on the business owner’s personal credit and has a longer term, up to 6 years.

    Further, many lenders do not count an equipment loan towards working capital loans or merchant cash advances, so small business owners may be able to acquire more capital. Some equipment and vehicle lenders may also provide additional working capital as well.

    Average Range for Borrowing: $25,000 to $150,000

    Rate(s): 6.0% – 21% APR

    Term(s): Up to 6 Years

    Credit Score Requirement: 600

    To apply for pre-qualification (no credit pull) for an equipment or vehicle financing, click here.

    Asset-Based Loans

    Asset-based loans are loans that are collateralized with either equipment or real estate. Loans that have collateral attached to it are usually cheaper than regular term loans and less risks for lenders to provide funds.

    Asset-based loans for small business owners can be a great way to access lower-cost working

    capital and the terms can be beneficial as well. Also, asset-based loans usually carry simple monthly interest, which means you pay interest by the month, not the term. If the borrower pays the loan back earlier, they can save on the interest as they do not pay the months that they do not have the loan. This is a similar loan product to a line of credit.

    Average Range for Borrowing: $10,000 to $500,000

    Rate(s): Simple Monthly Interest (starting at 1.5% per month)

    Term(s): Up to 5 Years

    Credit Score Requirement: None

    To apply for pre-qualification (no credit pull) for an asset-based loan, click here.

    Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico and Canada.

  • Maseratis, Jaguars, Mercedes, Investments, Swimming Pools…. Getting Caught for PPP/EIDL Fraud.

    Maseratis, Jaguars, Mercedes, Investments, Swimming Pools…. Getting Caught for PPP/EIDL Fraud.

    The List Grows…. More Frontline Zeroes of the Pandemic.

    In recent weeks, I have been writing about how some small business owners took advantage of the generous funding to help small businesses during the height of the pandemic (The Zeroes of the Pandemic). Each day, more and more light is being shed about those who have defrauded our nation with EIDL or PPP fraud and again, I wanted to share more examples of what some people tried to get away with that in essence, shut out many of our clients and small business owners who deserved PPP or EIDL funds. In most cases, their actions made it easy for the government to catch.

    Part III – An addition to the Small Business Owners (Real or Fake) Who Are Accused or Convicted of the Largest EIDL/PPP/CARES Act Fraud

    By Thomas W. Tramaglini, Managing Director at BRP Onesta

    info@BRPOnesta.com

    www.backofficedepot.com

    www.thomastramaglini.com

    About Thomas Tramaglini Introduction

    Many small business owners benefitted from COVID Relief programs in 2020 and 2021. Specifically, over a $1.2 Trillion dollars were provided to small businesses through programs like the Payroll Production Program and the Economic Injury Disaster Loan. Yet, since the onset of these programs, the government has been going after small business owners who abused these programs. Either by submitting inaccurate and in some cases fraudulent documents or by misusing the funds small business owners, one by one the government is going after small businesses.

    NBC Calls PPP Fraud the Biggest Fraud in a Generation

    Recently, Ken Dilanian and Laura Strikler of NBC recounted much of the fraud which had occurred with PPP and suggested that prosecutors called PPP the largest fraud in U.S.

    History.

    “Even if the highest estimates are inflated, the total fraud in all Covid relief funds amounts to a mind-boggling sum of taxpayer money that could rival the $579 billion in federal funds included in President Joe Biden’s massive 10-year infrastructure spending plan, according to prosecutors, government watchdogs and private experts who are trying to plug the leaks.

    “Nothing like this has ever happened before,” said Matthew Schneider, a former U.S. attorney from Michigan who is now with Honigman LLP. “It is the biggest fraud in a generation.”

    Most of the losses are considered unrecoverable, but there is still a chance to stanch the bleeding, because federal officials say $600 billion is still waiting to go out the door. The Biden administration imposed new verification rules last year that administration officials say appear to have made a difference in curbing fraud. But they acknowledge that programs in 2020 sacrificed security for speed, needlessly.”1

    These Small Business Owners Lied About The Number of Employees They Had

    If you read the dockets on sites like Arnold & Porter, many of the cases involve small business owners flat out lying on their PPP applications about the number of employees they had. While I believe that this could have been a practice more prevalent than what is known, the cases also show falsified documents made to back up the claims for how many employees a company did employ.

    I guess these people did not read much Mark Twain. Twain once said, “Honesty is the best policy – when there is money in it.”

    Liliana Gonzalez Used PPP funds for a Swimming Pool

    Liliana Gonzalez lied about the number of employees she had and used some of her funds to put in a new swimming pool. When audited about how Gonzalez used her funds, the US Department of Treasury found that clearly, she misused the funds.

    In a plea agreement description, Attorney Goldberg said:

    “You’re seeing picking and choosing to do audits, or they’re getting information through the affidavits in the paperwork asking for the forgiveness that doesn’t add up. So, that’s when you’re going to see prosecutions like this come out of the woodwork on a loan for $170,000,” said Goldberg.

    The public loan information for the PPP loan Gonzalez received indicates she claimed to have ten employees at her home business. Each making more than $81,000.

    The loan was supposed to help Gonzalez retain employees during the pandemic, but prosecutors say the information was made up.

    “There’s a lot of paperwork and affidavits and things that have to be filed in the forgiveness portion. And that’s opening up people to more liability and, of course, scrutiny in looking at these loans closer to make sure that they’re being used for what was asked for and what the government allows,” said Goldberg.

    The PPP loan was then used to build a swimming pool, according to prosecutors. Goldberg says prosecutors are pursuing more significant penalties and more time behind bars as a deterrent.”2

    Robert Williams Sentenced to More than 10 Years for PPP Fraud

    “According to court documents, Williams obtained federal loans provided through the CARES Act that resulted in a loss of up to approximately $2.7 million. Williams applied for these loans at Midwest Regional Bank, PNC Bank and submitted false information to receive funding.

    The investigation included a review of numerous PPP loan applications and financial accounts during the summer of 2020. Williams completed and submitted approximately thirty different PPP loan applications that contained materially false statements and false supporting documents related to the ownership of a business and the business’ payroll including the number of employees and monthly payroll expenses.

    Investigators also determined that Williams did not use the PPP loan funds for any appropriate business expenses but used funds for his own personal benefit including the purchase of vehicles such as a Maserati Levante and a Jaguar, F-Pace. Williams also assisted several other businesses in brokering and submitting fraudulent PPP loan applications. During the investigation the FBI seized approximately $466,000 and vehicles. Williams has also agreed to an order of restitution for $1,231,491.” 2

    It is clear that the government is beginning to find more and more cases where small business owners submitted fraudulent documents in their applications.

    In my two articles, I ranked my top 15 Accused or Convicted of Fraud. I am not sure were any of these “small business owners” would fall on that list. Either way, it is horrible to see the means that people went to in order to defraud those who really needed the help. I fully expect to continue to see more cases of small business owners who submitted fraudulent 941 forms or purchased things which were just dumb, like Lamborghinis and Jewelry.

    For now, again in case you missed it, here is our “Top Fifteen Alleged or Convicted List for Pandemic Relief Fraud.”

    1) ($14M) Apocalypse Bella (https://www.justice.gov/usao-sdny/pr/two-texas-men-and-one-oregon-man-charged-fraud-scheme-obtain-over-14-million-covid)

    2) ($11.1M) Amanda Christian (https://www.justice.gov/opa/pr/twenty-two-charged-connection-more-11-million-paycheck-protection-program-fraud-scheme)

    3) Charles Petty ($11.1M) (https://www.justice.gov/opa/pr/twenty-two-charged-connection-more-11-million-paycheck-protection-program-fraud-scheme)

    4) ($11.1) Charmine Redding (https://www.justice.gov/opa/pr/twenty-two-charged-connection-more-11-million-paycheck-protection-program-fraud-scheme)

    5) ($7.6M) Jacob Carter, Quadri Salahuddin, Anwar Salahuddin, Christal Ransom (https://www.justice.gov/usao-sdny/pr/four-defendants-charged-76-million-covid-19-fraud-scheme)

    6) ($7.2M) Don Cisternino (https://www.justice.gov/usao-mdfl/pr/seminole-county-man-charged-covid-relief-fraud)

    7) ($6M) Christopher Lick (https://www.justice.gov/usao-ndms/pr/starkville-man-charged-more-6-million-covid-relief-fraud-false-statements-and-money)

    8) ($5.8M) Julio Enrique Lugo (https://www.justice.gov/usao-mdfl/pr/davenport-couple-charged-58-million-covid-relief-fraud)

    9) (4.5M) Christina Burden (https://www.justice.gov/usao-ndca/pr/oakland-woman-charged-million-dollar-scheme-defraud-pandemic-relief-programs-struggling)

    10) ($3.8M) Gregory Blotnick (https://www.justice.gov/usao-nj/pr/new-york-and-florida-resident-charged-38-million-paycheck-protection-program-fraud-scheme)

    11) ($3M) Anuli Okeke (https://www.justice.gov/usao-edny/pr/two-former-employees-new-york-branch-major-bank-and-accountant-charged-cares-act-loan)

    12) ($2.2M) Abdreq Aaron Lloyd, Russell Schort (https://www.justice.gov/usao-or/pr/two-oregon-men-face-federal-charges-pocketing-millions-covid-relief-fraud-scheme)

    13) ($1.9M ) John Jhong (https://www.justice.gov/usao-nj/pr/sussex-county-man-charged-19-million-paycheck-protection-program-fraud-scheme)

    14) ($1.6M) Alicia Ayers, Andrea Ayers, Traci Proctor (https://www.justice.gov/usao-sdny/pr/three-defendants-charged-16-million-covid-19-fraud-scheme)

    15) ($1.6M) James Kyle Bell (https://www.justice.gov/usao-dc/pr/nevada-man-pleads-guilty-election-fundraising-scam-and-cheating-taxpayers-out-paycheck)

    Source: Arnold & Porter, 2021 https://www.arnoldporter.com/en/general/cares-act-fraud-tracker

    There are other people or groups of people who have been accused or convicted (some for more greedy amounts than below and can be found here: https://tinyurl.com/2d5rm823.

    References

    1 – https://www.nbcnews.com/politics/justice-department/biggest-fraud-generation-looting-covid-relief-program-known-ppp-n1279664

    2 – https://www.winknews.com/2022/04/14/cape-coral-woman-pleads-guilty-to-ppp-loan-fraud-accused-of-using-money-for-a-pool/

    3 – https://www.justice.gov/usao-edmo/pr/judge-sentences-st-louis-man-more-10-years-federal-prison-bank-fraud-conjunction

    *Disclaimer to reader – We believe that every person is entitled to due process and until convicted of any crime, anyone accused should be innocent until proven guilty. All contents in this article, including names and claims were confirmed in by research through the United States Department of Justice or the State the person is accused from.

    Dr. Thomas W. Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico and Canada.

  • Damaging Mistakes That Small Business Owners Make When Financing Their Businesses

    Damaging Mistakes That Small Business Owners Make When Financing Their Businesses

    Business owners tend to rely on borrowing money to grow their businesses.  However, it is not without pain that many small business owners and entrepreneurs experience when borrowing money.  In this article, we explore a bunch of damaging outcomes that occur when small business owners borrow money for their businesses.  By sharing what we see every day from small business owners we hope to share some foresight for small business owners who wish to access financing for their businesses.

    By Thomas Tramaglini, Managing Director at BRP Onesta
    info@BRPOnesta.com
    www.backofficedepot.com
    www.thomastramaglini.com
    About Thomas Tramaglini

    Small Businesses Need Financing

    The typical small business regularly seeks and utilizes working capital of some type to address various needs including growth.  A recent dataset from Anna Serio suggested that in 2021, 57% of small businesses sought financing in amounts less than $100,000.  In another recent article published by Fundera, nearly 3 in 10 small businesses fail because they do not have access the capital they need. 

    So, small businesses need working capital to fulfil their short and long term needs and they seek funds in all sorts of avenues, from SBA loans to Merchant Cash Advances.  In 2021, we surveyed over 1,000 small business owners about their experiences with seeking funds for their small businesses. 

    Our data showed several commonalities which were interesting:

    • 68.8% of small business owners said that they sought working capital without restrictions
    • 43.1% of the small business owners said that speed in receiving funds mattered over most other factors, including rate
    • 92.5% of small business owners we surveyed said they wanted an SBA loan but only 1.3% said they had received an SBA loan.
    • The most popular loan product sought in 2021 was a Line of Credit

    What are the unintended consequences of borrowing money to finance your small business?

    Clearly, small business owners look for financing for their small businesses.  The data supports our work with small business owners as they seek financing that is fast and easy.  However, many times small business owners face the unintended consequences of borrowing money.  From our data and experiences, we have put together a list of some different consequences that we see small business owners encounter when borrowing money. 

    Using Personal Credit to Finance a Business

    This is one of the biggest areas we encounter small business owners taking a hit.  Small business owners take personal loans and use personal credit to finance their businesses.  When small business owners finance their businesses using personal credit or personal loans they generate lower credit scores, reduce the amount of credit they can use for their personal lives and jeopardize losing everything.

    Risking Personal Assets

    This occurs when small business owners pledge their personal assets to back what they are doing for their businesses.  For instance, some small business owners personally guarantee loans they take or even worst, they collateralize their homes and savings.  When businesses cannot pay their bills, the lenders will come looking for you to satisfy your commitment.

    Co-Mingling Company Credit with Joint Credit

    Small business owners who have joint credit with other family members (such as spouse or children) run the risk of having people who are not associated with the business hurt the company’s credit or business owner’s personal credit.

    Not Paying Your Bills on Time

    Not making payments on loans or credit cards on time each time they are due can hurt your ability to borrow money for your business or attain vendor accounts. 

    Using Your Family’s Money

    Routinely, we see small business owners using their family’s savings or personal credit for their business.  Once this becomes a regular practice, business owners cannot carry enough cushion to get them through hard times if they come up.  The idea is that eating up your personal credit for business expenses weakens your safety net.

    Failing to Build Corporate Credit Correctly

    From time to time we find small business owners either confused or misinformed about how to develop corporate credit.  Incorporating your business allows your business to be separate from your personal wealth.  If one understands that there is a process for building appropriate corporate credit and follows that process correctly, it is easy to separate personal and business wealth.  However, often we see someone trying to build their corporate credit by getting a Uline account or a Grainger account and failing to harness how to build progressive corporate credit.

    Trying to Accelerate Corporate Credit Too Quickly

    Having adequate business credit takes time and many business owners try to build their credit too quickly.  It takes time to build corporate credit to levels where small business owners can access financing without a personal guarantee or strictly on their business credit.  Some business owners turn to just applying for corporate cards and getting declined, or those cards go on their personal credit.

    Poor Follow Up on Building Corporate Credit

    It takes effort to consistently build your corporate credit.  In many cases, small business owners fail to keep track of their progress and waste their business credit.  They tend to miss key benchmarks or elements that can increase their credit. 

    Overextending Borrowing Capacity

    There are many times we see small business owners take on debt and do not truly understand what that means to their profit margins, etc.  For instance, we see small business owners regularly take Merchant Cash Advances.  Those advances can carry 50-55% interest so if you do not have profit margins that would yield enough to make these MCAs work, then it is probably not a good idea.  We see small business owners utilizing these risky practices regularly. 

    So what?

    Small business owners want access to business financing but at what cost?  In this article we provided real things that happen when small business owners take on financing.  In many cases, small business owners never see what is coming until it is too late. 

    The best financing programs for small businesses at those that utilize corporate credit, which carry low interest and that do not carry a personal guarantee.  To build adequate corporate credit, small business owners need to build their portfolio of tradelines which have a record of successful payments and depth.

    To learn more about our programs that help build corporate credit, please click here.

    References:

    1 https://www.fundera.com/resources/small-business-lending-statistics

    2 https://www.finder.com/business-loan-statistics

    3 https://www.fedsmallbusiness.org/medialibrary/FedSmallBusiness/files/2021/2021-sbcs-employer-firms-report

    Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico and Canada.

  • What Do Small Business Owners Need to Know About Filing Their Taxes for 2021?

    What Do Small Business Owners Need to Know About Filing Their Taxes for 2021?

    Did you receive EIDL or PPP proceeds in 2021 and you do not know how that is handled with regards to your taxes? What are the new requirements for the submission of taxes for small businesses in 2021? Indeed, for Small Business Owners Tax season brings on a layer of anxiety and additional work. While some small business owners use accountants, many small business owners file their taxes on their own. In this article, we provide an overview of some of the changes which small business owners should be aware of when preparing to submit their taxes either through an accountant or on their own.


    By Thomas Tramaglini, Managing Director at BRP Onesta

    info@BRPOnesta.com
    www.backofficedepot.com
    www.thomastramaglini.com
    About Thomas Tramaglini

    Introduction

    Tax season is in full swing. In most cases, corporate taxes are due to the Internal Revenue Service on April 15th. If you have an S-Corporation, your corporate taxes were due on March

    15th (unless your fiscal year is not operating on a calendar year). There have been some changes that have been made by government changes or additions to legislation (much in COVID Relief legislation), so here is a short recap of some of the changes.

    Small Business Tax Changes for FY 2021

    American Rescue Plan

    Credits for Paid Leave Because of COVID Vaccines

    The American Rescue Plan of 2021 provides guidance on allowing small business owners to claim refundable tax credits for their employees. This is to reimburse them for the cost of providing paid sick and family leave to employees due to COVID-19. This includes leave taken by employees to receive or recover from COVID-19 vaccinations. ARP tax credits are available to eligible employers who paid sick and family leave from April 1, 2021, through September 30, 2021.

    Employee Retention Credit: The American Rescue Plan extended the ERC until December 31, 2021.

    PPP and EIDL

    If you received Economic Injury Disaster Loan proceeds in 2021 the funds do not count as taxable business income for 2021. However, it is important to retain detailed records for an audit that can be ordered by the Small Business Administration (SBA) or Department of Justice.
    You can use EIDL funds to pay taxes to lower your accrued liabilities.

    Did your small business receive a PPP loan in 2021? Like EIDL, the Paycheck Protection Program (PPP) loan (forgiven or unforgiven) does not count as business income and you are eligible to write off allowable business expenses, even if the PPP loan was used to pay those expenses. Learn more about allowable uses of EIDL and PPP here.

    Digital Payment Services (PayPal, Venmo)

    If customers pay for services or goods through a digital pay service such as PayPal or Venmo and the amount is above $600 it should be counted as income. Beginning in 2022 those digital services are required to report those metrics to the IRS, and this can be an easy place for an audit.

    Sick and Family Leave Credits

    Sick and family leave credits: Eligible employers can claim refundable tax credits that reimburse them for the cost of providing qualified sick and family leave wages for employees on leave between April 1, 2021, and September 30, 2021, either for the employee’s own health needs or to care for family members.

    401(k) Contributions to One Participant or Solo 401(k)

    Business owners with no employees can contribute up to $58,000 in tax year 2021. In 2022, they can contribute up to $61,000 to a one-participant or solo 401(k), with an additional $6,500 catchup if the owner is over 50.

    Meals

    Do you claim business meals? Business meals at restaurants are 100% deductible for tax years 2021 and 2022 (up from 50%).

    Other Tax Stuff

    The standard mileage rate for business use of a vehicle is 56 cents per mile for the 2021 tax year. In the 2022 tax year, the rate increases to 58.5 cents per mile.

    Charitable Gift Deductions increased: C Corporations are still allowed to raise the limit for cash donations from 10% to 25% for the 2021 tax year.

    Get Help if Needed

    If you are unsure about your tax needs, need to file taxes from previous years, or just have questions, please contact our team of advisors today.

    Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico and Canada.

    BRP Onesta is not an accountancy and does not give advice on tax decisions which would be better answered by a CPA or tax professional. In other words, if you have a question, as your accountant.

  • Nearly Every State Requires Annual Corporate Filings: It Is Probably Time for You To File Yours.

    Nearly Every State Requires Annual Corporate Filings: It Is Probably Time for You To File Yours.

    Small business owners and entrepreneurs must balance the grind of their work each day with the compliance requirements to run their businesses effectively and legally. One compliance attribute which our clients and others deal with each year is the filing of their annual report. In this article we tackle what an annual report is and provide resources for small business owners and entrepreneurs to complete their reports.

    You can also scroll down to see your state’s annual filing requirement(s)

    By Thomas Tramaglini, Managing Director at BRP Onesta
    info@BRPOnesta.com
    www.backofficedepot.com
    www.thomastramaglini.com
    About Thomas Tramaglini

    Corporate Filings are Important

    Are you a small business owner? Did you file your annual report for 2021? Failing to file your business or corporation annual compliance documents can lead to a business being suspended or in some cases forfeited without small business owners knowing it.

    In 2021, BRP Onesta surveyed over 1,000 (1,292) small business owners. 35.1% of the small business owners who responded said that they had no idea of whether they needed to file corporate filings for the year. We also audited 2,400 of our clients and nearly 20% of our clients had deficiencies in their corporate filings.

    What is an Annual Report?

    An annual report is a document filed by non-profit and for-profit corporations, limited liability companies, and limited liability partnerships must file with their state which the business is filed in, usually each year. The content of the annual report usually outlines the status of an organization.

    Annual Reports Differ from State to State

    State governments very in how they require small businesses to file annual reports. Some state Secretary of State offices (or similar agencies) require Annual Reports to be files on different timelines (like biennial or decennial).

    Our team is regularly asked about when and what to do from clients regarding these filings, so we decided to put together a chart for our clients and others to review.

    Critical Things Associated with Annual Reports

    There are some critical things that are associated with annual filings, so we have compiled a list of things to remember when you are considering corporate filings:

    • While nearly every state requires an annual filing of some sort, not every state requires the same information. For instance, Maryland requires different reporting (taxes and operation) and New Jersey requires less information.
    • States that require corporate filings usually require a payment to keep the business in good standing.
    • Those business owners who fail to pay their fees can have penalties added.
    • States process filings at different rates of speed. Some are online only, some mail in only.
    • Small business owners jeopardize their Certificate in Good Standing Status if they fail to file their annual report. This can have a detrimental effect in areas such as funding, grants, or acquiring new licenses.

    What Are Your State’s Requirements for Filing?

    Considering each state has different requirements, we try to keep a running list on our website. For our list, we break down both LLC and Corporation requirements.

    See your state’s filing requirements

    Ensure Your Corporate Filings Are Done on Time and Accurately

    If you are a small business owner or entrepreneur, we highly suggest using our company to prepare your corporate filings for you. It is inexpensive and will allow you to focus on your typical everyday work.

    At BRP Onesta, we have a team of experts who prepare and file small business filings such as annual reports in all 50 States.

    Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico and Canada.

  • Applying for an SBA loan? What brokers and banks cannot do to small business owners.

    Applying for an SBA loan?  What brokers and banks cannot do to small business owners.

    Hundreds of thousands of small business owners apply for loans from the US Small Business Administration (SBA) each year. However, small business owners should know what SBA agents and banks can and cannot do before applying. This article shares some things that small business owners should watch out for when applying for an SBA loan.

    By Thomas Tramaglini, Managing Director at BRP Onesta
    info@BRPOnesta.com
    www.backofficedepot.com
    www.thomastramaglini.com
    About Thomas Tramaglini

    Small business owners are easy targets.

    According to the SBA, over 50% of all small businesses have borrowed money in the past 5 years. And continually one of the most popular loan products we are asked about are the SBA 7a, Express, and 504 loan products.

    One thing we regularly see is that many small business owners are taken advantage of by banks or brokers. With so much misbehavior and shenanigans out there, we wrote this article to outline several things that banks, and brokers cannot do to small business owners while they apply for an SBA loan.

    Two reasons why banks and brokers take advantage of small business owners

    The team at BRP Onesta helps small business owners start, maintain, and grow their businesses. Each year we see hundreds of small business owners who are taken advantage of for two basic reasons:

    1. Small business owners do not know the rules so they will do whatever is asked of them by banks or brokers.
    2. Brokers know that SBA loans do not pay much. That is, unless the SBA loan is for millions, merchant cash advances, equipment loans and term loans pay much better than SBA loans. Therefore, it is not uncommon for brokers to ask for up-front fees or due-diligence costs. In many cases, brokers lie to small business owners by telling them the costs are reimbursed at the closing or refundable if the loan does not fund.

    Things that SBA banks and brokers would love to do but are prohibited from doing so.

    Small business owners beware – these are things that small business owners we interact with typically are asked to do or participate in.

    Due Diligence Costs: Due diligence costs are fees paid up front for legal fees before submitting the loan. Not only is this practice illegal,

    Commissions, referral fees, broker fees: These fees are common in different loans, including equipment and real estate loans. Even Merchant Cash Advances and term loans have these structured in different ways. Banks are not allowed to charge any commissions, broker fees or referral fees. In some cases, fees can be assessed if provided using SBA Form 159.

    Fees for legal services: Most banks do not charge fees for legal services unless the lender is being billed by an attorney at an hourly rate for set services.

    Fees for services: This is a common issue with loan brokers who promise small business owners that they will be working on their SBA loan package for them. Sometimes these services can be approved if provided on SBA 159 (after loan approval) but up-front fees like due diligence are not allowed and illegal. If you are a small business owner and you are asked for an upfront fee, you are probably getting ripped off.

    Add-On Interest is charged one time, in advance, and added to the loan balance. The amount of interest in not compounding or decreasing according to loan balance. This is not allowable. And while SBA loans do not allow for some early payback without penalty (usually because of the guarantee from SBA), SBA loan interest is based on balance remaining.

    What do small business owners do to protect themselves?

    It is imperative that small business owners do things to protect themselves as they apply for SBA funding. Even if small business owners do not get approved for an SBA loan, they should not be taken advantage of.

    Small business support companies like BRP Onesta provide realistic, free origination on SBA and other loans. We are honest, care about the business owner, and work with the business owner to provide a pathway for funding, even if he or she is not ready.

    If you would like to have free qualification review for an SBA loan, please contact us at any time. We can usually provide a pre-approval in 5 minutes.

    Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico and Canada.

  • Getting Caught: Small Business Owners Committing EIDL and PPP Fraud

    Getting Caught: Small Business Owners Committing EIDL and PPP Fraud

    Regardless of whether or not small business owners believe they did anything wrong, they should understand what is happening.

    From April 2020 to December 2021 over $1.2 Trillion was delivered to small businesses in the form of the Payroll Production Program and Economic Injury Disaster Loans.

    While many small business owners saved their businesses because of PPP and EIDL, many small business owners provided information to banks and the SBA which were inaccurate and in many cases, purposely fraudulent. This article reviews current oversight efforts and actions by the Department of Justice for those who submitted inaccurate or fraudulent information to get funded. We highlight several cases where small business owners committed fraud.

    We also have updated our previous rankings of the Top 15 Frontline Zeroes of The Pandemic and added some new Dishonorable Mentions.

    By Thomas Tramaglini, Managing Director at BRP Onesta
    info@BRPOnesta.com
    www.backofficedepot.com
    www.thomastramaglini.com
    About Thomas Tramaglini

    Introduction

    Many small business owners were helped because of COVID Relief programs in 2020 and 2021. Specifically, over a $1.2 Trillion dollars were provided to small businesses through programs like the Payroll Production Program and the Economic Injury Disaster Loan. Yet, since the onset of these programs, the government has been going after small business owners who abused these programs. Either by submitting inaccurate and in some cases fraudulent documents or by misusing the funds small business owners, one by one the government is going after small businesses.

    Does the government really referee COVID Relief Programs for small businesses?

    The answer is yes.

    Fraud was apparently so prevalent that President Biden announced in the State of the Union Address on March 1 an increase scrutiny of both how small business owners secured and used both Payroll Production Program and the Economic Injury Disaster Loan funding.

    Government Agencies Cross-Checking Data: Three ways that the government is finding PPP and EIDL fraud

    • There is discrepancy between the business’ taxes and what the business put on their EIDL/PPP application
    • Does the IRS have the 940/941 forms that were submitted with PPP applications?
    • Were funds used appropriately? That is, were funds used for payroll expenses (or allowable expenses) or were the funds used to buy cars, jewelry, or even to pay lifetime alimony?

    How bad was the Fraud? BAD

    For some time now, news outlets have been describing how some small business owners defrauded the federal government. Some watchdog groups have been suggesting that PPP and EIDL fraud or misuse was terrible. I wrote about this previously in an article and said:

    The purpose of this article not to describe how inherent the fraud was but from what some watchdogs are showing, it was bad. However, Yahoo Finance writer Dani Romero’s post on March 4 was pretty telling:

    “Data from Accountable.US, a watchdog group, found that individuals with no employees, and making over six-figures annually – but received $20,833 in PPP funding, which was the maximum by the legislation.

    Separately, a new paper published by the National Bureau of Economic Research reveals that was used accordingly. Of the $510 billion of PPP loans distributed in 2020, $115 billion to $175 billion went toward supporting jobs that would have otherwise have been lost, while about $335 billion to $395 billion ended up with business owners and corporate stakeholders, the paper found.”

    New cases still coming every day

    The government continues to go after cases where fraud has been found. And they are not

    always going after the big fish. Some examples have been made of small business owners who received as little as $10K in funding (click here to read).

    A local case was just settled in New Jersey close to where BRP Onesta is located. As reported in CentralJersey.com, Jordan Larkins of Edison, NJ admitted to a host of crimes associated with PPP and EIDL programs. “According to documents filed in this case and statements made in court, from May through July 2020, Larkins submitted three fraudulent PPP loan applications to three different lenders and 11 EIDL applications to SBA on behalf of numerous purported businesses. On his 14 fraudulent PPP and EIDL applications, Larkins made false representations to the participating lenders and the SBA, including fake federal tax return documentation for his purported businesses and fake bank statements, according to the statement. He also fabricated the identities of certain individuals listed as applicants and the corresponding driver’s licenses of those purported applicants.

    Based on Larkins’ misrepresentations, he obtained approximately $1.6 million in PPP and EIDL funds. Larkins then misused the funds by making a series of cash withdrawals, transferring funds to foreign banks, and for various other personal expenses, according to the statement.” (DOJ Press Release Here)

    Will the DOJ come after you? Three things that small business owners can do to ensure they are ready for an audit or investigation.

    • Small business owners should review their loan application and forgiveness application to make sure that the proper loan amounts were applied for, received, and forgiven.
    • Some small business owners used a service or someone to apply on their behalf for their funding. Those who did this should know who did the application, what documents they provided, as well as have contact information for an auditor to contact.
    • Maintain a list with back-up of all expenditures which were made using the Pandemic Relief Funds.

    Re-Ranking Our Top 15 Zeroes of the Pandemic

    In December 2021, we ranked the Top 15 “Zeroes of the Pandemic” which were who we thought were the most interesting of those either charged or convicted of PPP or EIDL fraud. Since then we have updated our list.

    We also have added a list of dishonorable mentions as well.

    1) ($14M) Apocalypse Bella (https://www.justice.gov/usao-sdny/pr/two-texas-men-and-one-oregon-man-charged-fraud-scheme-obtain-over-14-million-covid)

    2) ($11.1M) Amanda Christian (https://www.justice.gov/opa/pr/twenty-two-charged-connection-more-11-million-paycheck-protection-program-fraud-scheme)

    3) Charles Petty ($11.1M) (https://www.justice.gov/opa/pr/twenty-two-charged-connection-more-11-million-paycheck-protection-program-fraud-scheme)

    4) ($11.1) Charmine Redding (https://www.justice.gov/opa/pr/twenty-two-charged-connection-more-11-million-paycheck-protection-program-fraud-scheme)

    5) (8.884M) Benjamin Tifekchian (https://www.justice.gov/usao-or/pr/portland-man-pleads-guilty-bank-fraud-after-stealing-covid-relief-funds)

    6) ($7.6M) Jacob Carter, Quadri Salahuddin, Anwar Salahuddin, Christal Ransom (https://www.justice.gov/usao-sdny/pr/four-defendants-charged-76-million-covid-19-fraud-scheme)

    7) ($7.2M) Don Cisternino (https://www.justice.gov/usao-mdfl/pr/seminole-county-man-charged-covid-relief-fraud)

    8) ($6M) Christopher Lick (https://www.justice.gov/usao-ndms/pr/starkville-man-charged-more-6-million-covid-relief-fraud-false-statements-and-money)

    9) ($5.8M) Julio Enrique Lugo (https://www.justice.gov/usao-mdfl/pr/davenport-couple-charged-58-million-covid-relief-fraud)

    10) (4.5M) Christina Burden (https://www.justice.gov/usao-ndca/pr/oakland-woman-charged-million-dollar-scheme-defraud-pandemic-relief-programs-struggling)

    11) ($3.899M) Brittany Shearod (https://www.justice.gov/usao-ndga/pr/22-people-charged-connection-multi-million-dollar-paycheck-protection-program-fraud)

    12) ($3.899M) Darius McCants (https://www.justice.gov/usao-ndga/pr/22-people-charged-connection-multi-million-dollar-paycheck-protection-program-fraud)

    13) ($3.8M) Gregory Blotnick (https://www.justice.gov/usao-nj/pr/new-york-and-florida-resident-charged-38-million-paycheck-protection-program-fraud-scheme)

    14) ($3M) Anuli Okeke (https://www.justice.gov/usao-edny/pr/two-former-employees-new-york-branch-major-bank-and-accountant-charged-cares-act-loan)

    15) ($2.2M) Abdreq Aaron Lloyd, Russell Schort (https://www.justice.gov/usao-or/pr/two-oregon-men-face-federal-charges-pocketing-millions-covid-relief-fraud-scheme)

    Dis-Honorable Mentions

    ($1.9M ) John Jhong (https://www.justice.gov/usao-nj/pr/sussex-county-man-charged-19-million-paycheck-protection-program-fraud-scheme)

    ($1.6M) Alicia Ayers, Andrea Ayers, Traci Proctor (https://www.justice.gov/usao-sdny/pr/three-defendants-charged-16-million-covid-19-fraud-scheme)

    ($1.6M) James Kyle Bell (https://www.justice.gov/usao-dc/pr/nevada-man-pleads-guilty-election-fundraising-scam-and-cheating-taxpayers-out-paycheck)

    ($600K) Marc Mason (https://www.justice.gov/usao-ndga/pr/22-people-charged-connection-multi-million-dollar-paycheck-protection-program-fraud)

    There are other people or groups of people who have been accused or convicted (some for more greedy amounts than below and can be found here: https://tinyurl.com/2d5rm823.

    Source: Arnold & Porter, 2021 https://www.arnoldporter.com/en/general/cares-act-fraud-tracker

    *Disclaimer to reader – We believe that every person is entitled to due process and until convicted of any crime, anyone accused should be innocent until proven guilty. All contents in this article, including names and claims were confirmed in by research through the United States Department of Justice or the State the person is accused from.

    Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico and Canada.

  • Tell Putin and The Russians How You Feel – We Will Send It To The Russians.

    Tell Putin and The Russians How You Feel – We Will Send It To The Russians.

    Just post your comments and we will send them

    The team at BRP Onesta stands with our Democratic Ukrainian brothers and sisters. Several times each day we are sending the Russian Government in Moscow and their Official Social Media Outlets how people really feel about Putin and the unprovoked Russian invasion and current slaughtering of an innocent nation.

    Rules for the comments: None.

    Directions: SCROLL DOWN TO POST A COMMENT to our blog and we will send your comments directly to the Russians.