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To: Jumper
Small Business Association loans given to minorities and women!

Where did you read that in the article?

30 posted on 09/25/2002 1:44:41 PM PDT by rdb3
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To: rdb3
Geez...you certainly have a chip on your shoulder, no one is pointing fingers at you, no one is being racist, they are just stating the obvious. I was a Small Business Liaison Officer under the SBA for over 10 years and it is a well known FACT that the SBA gives preference to minorities on business assistance under their 8(a) Program. According to their website:

Socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity as members of a group. Social disadvantage must stem from circumstances beyond their control. In the absence of evidence to the contrary, individuals who are members of the following designated groups are presumed to be socially disadvantaged:

Black Americans
Hispanic Americans
Native Americans (American Indians, Eskimos, Aleuts, and Native Hawaiians)
Asian Pacific Americans (persons with origins from Japan, China, the Philippines, Vietnam, Korea, Samoa, Guam, U.S. Trust Territory of the Pacific Islands [Republic of Palau], Commonwealth of the Northern Mariana Islands, Laos, Cambodia [Kampuchea], Taiwan; Burma, Thailand, Malaysia, Indonesia, Singapore, Brunei, Republic of the Marshall Islands, Federated States of Micronesia, Macao, Hong Kong, Fiji, Tonga, Kiribati, Tuvalu, or Nauru; Subcontinent Asian Americans (persons with origins from India, Pakistan, Bangladesh, Sri Lanka, Bhutan, the Maldives Islands or Nepal), and
Members of other groups designated by the SBA.

SBA FAQ

I think it is great that you started your business without any assistance from the gubbermint...I truly commend you for that, but the fact remains that these programs are available and many minorities take advantage of them. And it is also true that some abuse these programs by putting 51% of the business in the name of a minority just to get the loans, I have seen this first hand. Anyone that is cognizant of this information, like those who posted above, look at the statements in the article about how "minorities are more likely to start a business" and say "WELL, DUUUUHHHH.....". Hope this clarifies things for you.
60 posted on 09/25/2002 2:18:44 PM PDT by ravingnutter
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To: rdb3
Did not have to read it, I've worked with Transition Services for Military getting out and with a State Employment Security Commission - almost any one can get a loan, almost:)
81 posted on 09/25/2002 2:49:21 PM PDT by Jumper
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