Solutions to address racial wealth inequality have often focused on behavioral changes and individual choices, minimizing efforts to dismantle structural barriers to wealth accumulation for Black Americans.
Highlights the need for an alternative to the SBA 7A loan program for small business acquisition financing which typically requires 10-15% equity and a personal guarantee. Personal guaranatee for a business acquisition worth $500K+ is a non starter for most under-represented entrepreneurs.....we need to break the cycle of you need money to make money.
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