I have read that many Asian entrepreneurs take advantage of financial collectives that are operated by individuals and families, who contribute money each money to the collective and then withdraw money as needed for business start-up costs, education, and other needs.
There are many innovative ways to finance small businesses, from using one's own personal savings to soliciting investors through church, school, family, fraternal, social and other groups. This is assuming, of course, that the entrepreneur has tried (and not gottend funding) through the Small Business Administration, local banks (which all have Community Reinvestment Act mandates to follow), churches and other groups that have micro-loan and other loan products, community development groups, entrepreneurial training/financing classes and the like. We have not because we make not FOR OURSELVES!
And why do we wonder why non-blacks come into the 'hood to set up shop? As the philosopher Too Short once opined, "There's money in the ghetto!" When we cease rewarding bad service, poor quality products and services, and tacky ambiance, we will see changes, as my soror AKAtude stated.
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