“Under Biden, the SBA says it has more than doubled the number and total dollar amount of loans to Black-owned small businesses.”
Updated December 2023 business line of credit:
At what interest rate? Lib governments always have a cost to their actions. Current rates of interest high end vary with the type of loan. For bank SBL’s - 11.91%, for online term - 99%. SBA - 15%, business line of credit - 99%, equipment financing - 45%, merchant cash advance - 350%.
And uncle sugar gets a piece of all of it. And seen any new taxes lately that the booty never goes to where it is earmarked? I’ll bet you have. And the most telling is the last one. I believe there is a profit for the lender of 250% of the amount loaned. Great businerss deal there. And the interest is always paid off first as the foreclosed business catches the total of the kickback.
wy69
AND Biden will declare all these black owned businesses won’t have to pay their loans back.