New SBA loans can make Black businesses bloom
“We should own and operate and control the economy of our community,” said Malcolm X. To make that happen, businesses in the hood should grab the new ARC loans: no-interest loans with no payments due for a year, offered beginning June 15 by the U.S. Small Business Administration, revitalized by President Obama. Merchants and residents who hire and trade with each other build peace and prosperity in the hood.
Tags: America's Recovery Capital, American Recovery and Reinvestment Act (ARRA), Bayview Hunters Point, Black Wall Street, Buy Black, East 14th in East Oakland, Fillmore Street in San Francisco, Harry Alford, Inglewood Today, Jim Clingman, Muhammad Nassardeen, National Black Chamber of Commerce, predatory sub-prime loans, President Obama, redlined Black neighborhoods, SBA ARC loans, Seventh Street in West Oakland, small business, stimulus bill, U.S. Small Business Administration, Willie Ratcliff
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