My take on why certain AA's aren't flourishing under Obama

[Jesus]

Knowledge....

 

[Bernie Madoff]

It's simple...AA's don't take advantage of SBA loans as much as other minorities do. They also have shorter survival rates.

Obama's budget aggressively pushed initiatives to increase ownership of Black Businesses (from the MBDA website):



Unfortunately, AA's do NOT take advantage of available resources that would allow them to create their own jobs and businesses. Instead, I see a bunch of whining and complaining about not getting a job like it's a god-given right to have one. What the MBDA offers is literally free (courses, seminars, training, think-tanks for start-ups, etc), but AA's are not taking advantage.

Right now, I work for a large-sized federal contractor. There are a large number of federal contracts that only allow MBEs and WBEs to bid on that service. The pool for MBEs is small, but sometimes just existing alone is good enough to get the contract (you can win a contract and just subcontract to a firm like the big boys do).

It is not Obama's fault people aren't tapping into these available resources. Asians and Hispanics are thriving off of SBA's. Hispanics are using SBA's at a rate almost double what AA's and Asians use combined.

There is NO EXCUSE. Even if your idea is a simple weave store in the hood, that should be good enough to get a lone. There should be no reason why Asians own the majority of stores in predominantly AA areas. None at all.

What about that pesky thing called bad credit?

 

[88m3]

Some alcoholics are going to drink regardless of who's president.

In my experience most alcoholics are functional but I can't prove my experience is wide spread.

 

[I_Got_Da_Burna]

What about that pesky thing called bad credit?

valid question...there are ways to get funding despite bad credit:

https://www.sba.gov/blogs/bad-credit-stopping-you-getting-business-loans

http://smallbusiness.foxbusiness.co.../10/how-to-get-business-loan-with-bad-credit/

 

[Domingo Halliburton]

What about that pesky thing called bad credit?

commercial credit markets are tight as fukk but the government takes like 80% of the risk with SBA loans. That and you
get to satisfy CRA requirements if it's a minority, woman, etc. But FICO scores still play into it. I wouldn't apply unless you got like a 650 more likely 700.

 

[Broke Wave]

ehhh whatever...continue being broke and gtfo of my thread

ps you didn't make a point worth addressing, chump

Im broke but I made 90k after tax from sept till today.

Anyway thats besides the point. This SBA stuff is nonsense because the majority of people are workers and not owners

Finally, if the owners of these business do not pay their workers living or even decent wages, how will this stimulate the economy? Black people arent flourishing because they dont take advantage of some miniscule program. Thanks op for proving you are an a$$hole.

 

[Domingo Halliburton]

Im broke but I made 90k after tax from sept till today.

Anyway thats besides the point. This SBA stuff is nonsense because the majority of people are workers and not owners

Finally, if the owners of these business do not pay their workers living or even decent wages, how will this stimulate the economy? Black people arent flourishing because they dont take advantage of some miniscule program. Thanks op for proving you are an a$$hole.

you are mistaken my friend, this is no small program actually the SBA is huge and facilitates a huge chunk of small business lending

 

[hashmander]

miniscule program.


another good program that got expanded (well they got more money) under obama was job corps.

 

[88m3]

miniscule program.


another good program that got expanded (well they got more money) under obama was job corps.

It's really not. I've personally seen it set up multi million dollar businesses in the city.

 

[Broke Wave]

you are mistaken my friend, this is no small program actually the SBA is huge and facilitates a huge chunk of small business lending

I am not mistaken whatsoever... When it comes to the impact on the economy and the black community the availability of easy credit is hardly the issue.

 

[Stir Fry]

Bump for a good thread. I just forwarded it to my wife who is interested in opening a yoga studio soon.

 

[I_Got_Da_Burna]

Im broke but I made 90k after tax from sept till today.

Anyway thats besides the point. This SBA stuff is nonsense because the majority of people are workers and not owners

Finally, if the owners of these business do not pay their workers living or even decent wages, how will this stimulate the economy? Black people arent flourishing because they dont take advantage of some miniscule program. Thanks op for proving you are an a$$hole.

yea you are broke...no doubt about it

ok dikkhead, so what's the solution? if you don't have a job, no training, no college degree, then what do you do? instead of shytting on a 75 billion dollar "miniscule" program, please tell me what your great ideas are as a black man in this country.

 

[PewPew]

yea you are broke...no doubt about it

ok dikkhead, so what's the solution? if you don't have a job, no training, no college degree, then what do you do? instead of shytting on a 75 billion dollar "miniscule" program, please tell me what your great ideas are as a black man in this country.

Coming together. That's the only solution. More black businesses hiring black workers. No business, actually paying your employees fair wages. However I think it's also important to take over the corporate world as well. I work for a fortune 500 company right now and they're so many black men and women in positions of power it's awe inspiring. And everyone gets along. I love coming to work and seeing my people working next to me because I know that money is supporting a black home.

No plan is perfect but for me I can't imagine working for someone the rest of my live to hopefully get a pension in 50 years if the world didn't end lol

 

[#1 pick]

It's simple...AA's don't take advantage of SBA loans as much as other minorities do. They also have shorter survival rates.

Obama's budget aggressively pushed initiatives to increase ownership of Black Businesses (from the MBDA website):



Unfortunately, AA's do NOT take advantage of available resources that would allow them to create their own jobs and businesses. Instead, I see a bunch of whining and complaining about not getting a job like it's a god-given right to have one. What the MBDA offers is literally free (courses, seminars, training, think-tanks for start-ups, etc), but AA's are not taking advantage.

Right now, I work for a large-sized federal contractor. There are a large number of federal contracts that only allow MBEs and WBEs to bid on that service. The pool for MBEs is small, but sometimes just existing alone is good enough to get the contract (you can win a contract and just subcontract to a firm like the big boys do).

It is not Obama's fault people aren't tapping into these available resources. Asians and Hispanics are thriving off of SBA's. Hispanics are using SBA's at a rate almost double what AA's and Asians use combined.

There is NO EXCUSE. Even if your idea is a simple weave store in the hood, that should be good enough to get a lone. There should be no reason why Asians own the majority of stores in predominantly AA areas. None at all.

score.org helps brehs. Use these resources.

 

[*L*E*G*A*C*Y*]

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