Reading these threads, it’s always frustrating to see people insist that it can’t be because of race. “There must be a logical, mathematical reason for this!”

As a graduate of the Goldman Sachs 10KSB program, one of the most shocking things I found amongst my cohort was how many of the black small business owners were struggling with credit and financing. It didn’t make any sense when we discussed their business.

Often times, their companies were in better financial situations than my own, yet, whereas I was fairly easily able to secure low-interest LOCs and credit lines, they were stuck with high-interest consumer cards, or worse.

This made their businesses inherently more fragile than mine, as the interest payments alone were eating into what would have been otherwise healthy margins.

There is often no logical, mathematical reason.

There is just new racism justified by the lasting impact of old racism, and sometimes it’s not even that:

https://www.nytimes.com/2020/07/15/business/paycheck-protect...