Burgess Foster We-that is Detroit-based on the article today in the news by Nolan Finley-Detroiters got to get into the fray and compete for small business loans. One way to do that is do Franchises and push for rewriting the Community Reinvestment Act to allow entrepreneurs to access loans of up to 199K that can be written off if the Loans is non-performing-financial parlance for not making its payments on the loan. This way the Banks dont bleed on their balance sheet and they have an incentive to lend to Blacks in Detroit who may not have the class advantage addressed by Nolan Finley.
Posted on: Sun, 04 Jan 2015 21:48:45 +0000