Black-owned small businesses = Drug dealers
Brandon’s, ‘How much will it cost me to buy your vote?’ Tour, 2023.
Government support for Black-owned small businesses during his White House tenure and to highlight his administration’s efforts to ramp up investment in distressed communities.
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Buy EV
Replace your Gas stove
Replace your gas furnace
Hangin that ole carrot out there again I see.
“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
More unpaid loans that will be "forgiven" so the rest of us can pay them.
Welfare by any other name is still welfare. And 32% of SBA loans are going to black businesses? Seems rather disproportionate.