This was a full sermon on cultural appropriation.
Banks have a lot of Fed supervision these days to avoid any racist tinge. Not getting a business loan in St Louis probably means the business is in a Ferguson-like area. That he's had to close 2 of 3 stores also suggests that the area is not the up and coming kind. That he had to close those stores might lead the bank to think poorly of his business acumen.
It is almost impossible for a restaurant to get traditional financing. Their fortunes can change very quickly, and they probably fail at a higher rate than almost any type of business.