-Vincenzo-
New member
tabatha_;2955606 said:
events like the oscar grant situation are not the reason blacks drop out of schools so often, become teenage moms, become criminals, dont build stable families etc.
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events like the oscar grant situation are not the reason blacks drop out of schools so often, become teenage moms, become criminals, dont build stable families etc.
MissLeading
New member
-Vincenzo-;2955651 said:
Ok so most of the problems in black America are caused by black Americans? That doesnt make racism a nonfactor..
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Kushington
New member
tru_m.a.c;2955674 said:
So youre from the country whites gave to black slaves?
FOH nigga u aint ordinary bruh
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Small Business Loans For Minority Entrepreneurs
Mary Crane 01.12.07, 3:00 PM ET
Have burning questions about how to run your small business better? E-mail askanexpert@forbes.net with your query, and we will track down the advice.
I am a minority business owner. Are there any financing programs or small business loans specifically for entrepreneurs like me?
No matter what your background, having a strong business plan is the most important factor in securing small-business financing, says John F. Robinson, president and CEO of the National Minority Business Council. But sometimes, says Robinson, minority small-business owners need a little extra help securing loans and investments, since "it's not necessarily a level playing field."
One of the biggest small-business loan guarantors is the government's Small Business Administration (SBA). There, small businesses can apply for loans that are guaranteed by the government.
While the SBA does not set aside any loan funds specifically for minority business owners, many of its certified lenders are sensitive to minorities' needs when making loans. Wells Fargo, for one, has pledged to lend $9 billion to Latino, African America and Asian businesses by 2012. And despite the SBA's colorblind policy, over a third of all SBA-backed loans disbursed in fiscal 2006 went to minorities.
Robinson also recommends checking out the Minority Business Development Agency (MBDA), the only Federal agency created specifically to foster the growth of minority-owned businesses. The MBDA doesn't offer any financing itself, but its national network of minority business development centers, Native American business development centers and business resource centers have relationships with local lenders.
Minority business owners should also take note of the SBA's 8(a) Business Development Program. Socially and economically disadvantaged businesses people who qualify for the nine-year program receive education and training, as well as access to government contracting opportunities. No loans are made, but in fiscal 2005, 8(a) companies won $10.5 billion in government contract money.
Outside the government, there are a number of national organizations dedicated to helping out minority small-business owners. Accion USA, a subsidiary of microlending giant Accion International, is the largest small-business lender of its kind in the U.S., making loans ranging from $500 to $25,000.
Robinson's own National Minority Business Council's Micro-Loan Fund provides short-term loans of $1,500 to $25,000 to its members. The council also recently launched its Emerging Enterprise Investment Committee, which makes equity investments from $250,000 to $5 million in qualified women-owned or minority-owned businesses.
The National Minority Supplier Development Council matches more than 15,000 minority-owned businesses with 3,500 corporations who want to purchase goods and services from them. The council also offers loans to participating small businesses through its Business Consortium Fund. Also of note: The National Urban League's Urban Entrepreneur Partnership, which has a $127.5 million fund set up to lend to qualified business owners in its program.
Entrepreneurs should also check out ethnic-specific lending organizations like the U.S. Hispanic Chamber of Commerce, whose ¡Capital! loan program has made a commitment to lend more than $1 billion over the next five years to small businesses in high-growth Hispanic markets. For Native Americans, South Dakota-based First Nations Oweesta Corporation also makes loans, but only to qualified Native community development financial institutions who then go on to lend to individual Native American entrepreneurs.
Look locally, too. The Brotherhood Business Development & Capital Fund provides small business loans to underserved communities in South Central Los Angeles. On the East Coast, there is Harlem's Upper Manhattan Empowerment Zone that lends to businesses in that neighborhood.
Remember that, no matter who you turn to, says Robinson, you need a good understanding of your business' needs. Don't borrow too much: Your business will eventually have to be able to pay back those loans and stand on its own.
You niggas disgust me with the excuses
Mary Crane 01.12.07, 3:00 PM ET
Have burning questions about how to run your small business better? E-mail askanexpert@forbes.net with your query, and we will track down the advice.
I am a minority business owner. Are there any financing programs or small business loans specifically for entrepreneurs like me?
No matter what your background, having a strong business plan is the most important factor in securing small-business financing, says John F. Robinson, president and CEO of the National Minority Business Council. But sometimes, says Robinson, minority small-business owners need a little extra help securing loans and investments, since "it's not necessarily a level playing field."
One of the biggest small-business loan guarantors is the government's Small Business Administration (SBA). There, small businesses can apply for loans that are guaranteed by the government.
While the SBA does not set aside any loan funds specifically for minority business owners, many of its certified lenders are sensitive to minorities' needs when making loans. Wells Fargo, for one, has pledged to lend $9 billion to Latino, African America and Asian businesses by 2012. And despite the SBA's colorblind policy, over a third of all SBA-backed loans disbursed in fiscal 2006 went to minorities.
Robinson also recommends checking out the Minority Business Development Agency (MBDA), the only Federal agency created specifically to foster the growth of minority-owned businesses. The MBDA doesn't offer any financing itself, but its national network of minority business development centers, Native American business development centers and business resource centers have relationships with local lenders.
Minority business owners should also take note of the SBA's 8(a) Business Development Program. Socially and economically disadvantaged businesses people who qualify for the nine-year program receive education and training, as well as access to government contracting opportunities. No loans are made, but in fiscal 2005, 8(a) companies won $10.5 billion in government contract money.
Outside the government, there are a number of national organizations dedicated to helping out minority small-business owners. Accion USA, a subsidiary of microlending giant Accion International, is the largest small-business lender of its kind in the U.S., making loans ranging from $500 to $25,000.
Robinson's own National Minority Business Council's Micro-Loan Fund provides short-term loans of $1,500 to $25,000 to its members. The council also recently launched its Emerging Enterprise Investment Committee, which makes equity investments from $250,000 to $5 million in qualified women-owned or minority-owned businesses.
The National Minority Supplier Development Council matches more than 15,000 minority-owned businesses with 3,500 corporations who want to purchase goods and services from them. The council also offers loans to participating small businesses through its Business Consortium Fund. Also of note: The National Urban League's Urban Entrepreneur Partnership, which has a $127.5 million fund set up to lend to qualified business owners in its program.
Entrepreneurs should also check out ethnic-specific lending organizations like the U.S. Hispanic Chamber of Commerce, whose ¡Capital! loan program has made a commitment to lend more than $1 billion over the next five years to small businesses in high-growth Hispanic markets. For Native Americans, South Dakota-based First Nations Oweesta Corporation also makes loans, but only to qualified Native community development financial institutions who then go on to lend to individual Native American entrepreneurs.
Look locally, too. The Brotherhood Business Development & Capital Fund provides small business loans to underserved communities in South Central Los Angeles. On the East Coast, there is Harlem's Upper Manhattan Empowerment Zone that lends to businesses in that neighborhood.
Remember that, no matter who you turn to, says Robinson, you need a good understanding of your business' needs. Don't borrow too much: Your business will eventually have to be able to pay back those loans and stand on its own.
You niggas disgust me with the excuses
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-Vincenzo-
New member
MissLeading;2955682 said:
no but the problems mentioned above are self caused while that oscar grant situation wasnt. there is some racism but how can racism be the reason for all of this when other groups of blacks dont have the same problems? enlighten me.
Tommy bilfiger;2955691 said:
i wish a lot more brothers would finally wake up, i was once just another nigga too, i'm not gonna front
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Kushington
New member
tru_m.a.c;2955702 said:
???????????????
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-Vincenzo-
New member
tabatha_;2955740 said:
i think niggas sayin they sellin drugs since they lack perspectives or need to feed their daughter are delusional, there are 100.000 blacks in the same financial situation that dont do that and hell some of them even make it out the hood legit. its just niggas tryin the easy way out. just like hoes gettin preggers and thinkin now nigga and her are a little family, fast money/fast love dont last.
lets be realistic blacks might get arrested more often for doin crimes but at the end of the day as long as you commited a crime its your fault. and this white collar crime has nothing to do with race its the same all around the globe even in countries with nearly no blacks white collar criminals get different treatment.
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-Vincenzo-
New member
tru_m.a.c;2955768 said:
none of it
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tru_m.a.c;2955627 said:
No because we don't offer those "special abilities or international connections"...Whatever the hell that means. I'm not saying a black man from America can't get a small business loan, but at the same time it's not as easy as someone from another country. Plain and simple. All the articles in the world can't dispute physical evidence when you walk down the street and every single small private corner store or restaurant is owned by someone not from this country.
I totally get your position, especially you being from another country. But what you're not seeing is the difference between a small business loan meeting between an immigrant versus a black natural born American citizen because you are from another country.
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-Vincenzo-
New member
tabatha_;2955869 said:I'm not talking about the reason behind the reason why African Americans are doing crimes, I'm just talking about incarceration levels.
If its about 'doing the time if you do the crime' then there shouldn't be more AAs in prison as the actual levels of crimes committed as more even across the board.
So, the point I am making is that racism still exists and the prison system showcases that perfectly. Which is the point of the thread right?
Oh, and yes I guess you are right about white collared crime. Bankers stay winning
it would showcase racism perfectly if you could show that africans and african americans are affected by it at the same rate, which i doubt.
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-Vincenzo-
New member
tabatha_;2955937 said:
the link doesnt talk about africans vs african americans, thats the thing. up to now we thought the reason blacks are more often incarcerated, fail in school etc because of racism and the point of the thread is to show that this explanation seems to lack evidence since africans feel racism too but they are not affected by these things at the same rate as african americans, so how can dark skin color be the reason, get it?
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ceothachosen1
New member
idiocy at its finest pseudo intellectual bs
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-Vincenzo-
New member
Huruma;2956057 said:
and why are african americans in that class a lot more often? you can say slavery, segregation etc but the truth is blacks made a step backwards in a lot of things in the last decades (politics not being one of them obviously)
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-Vincenzo-;2956127 said:
If I'm not mistaken (I could be), most Black Americans are middle class and Black America is better off today than pre-civil rights movement.
Even if Black immigrants tend to be more successful than Black Americans, it could be that they're more successful despite the racism they've encountered. Besides racism, there may be cultural factors inherited from slavery/Jim Crow racism that contribute to the disproportionate number of Black Americans who are lower class. Poverty is inter-generational, most people who are born poor will stay poor.
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