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SBA
I have gone to the SBA many times and I have worked to gain a loan on two separate occasions but I have always been turned down. Of course who wants to support a one to five person shop when you can support a business that has up to 500 employees? The SBA has helped me put together my proposals and SCORE working out of their office helped me with questions as they arose but never was there any money coming from the SBA. I was successful in obtaining bank loans each time but the SBA always had a reason they couldn't provide a loan to me. One was, we are allocated money based on need. As a white man your need isn't as critical as say a woman of color. I went around this by having my wife, a Mexican American, apply. Of course she didn't qualify but there is always a reason. The last time was they had already allotted all of the money so no new applications were being accepted. I returned at the beginning of the next year and of course I did not qualify. During this time I continued to struggle to build my business and today, no thanks to the SBA, my wife and I have a good business. We aren't getting rich but our mortgage is being paid and we take a trip or two each year. Oh yeah, we still don't have any employees but we do help support Five other small businesses.
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