Anecdotal observations don’t mean a lot. I had a Thai partner in a business we had together. We called ourselves a minority owned business to get government contracts. Money trumps all. You would be stupid not to take advantage of the preferences.
No wonder there are so many Thai restaurants that sprung up overnight (last 25 years)..... They are getting SBA loans
If you screw up the restaurant and go bankrupt....I am getting a strange feeling you can get another SBA loan and try again.
Are Federal SBA loans financing the huge growth in ethnic restaurants in America?
I once read of a scam where Indians will buy, operate for a few years, then sell SBA financed motels for an ever increasing price. Then the last Mr Patel pays an inflated price and goes bankrupt with SBA holding the bag