Comments by "looseycanon" (@looseycanon) on "Why Black-Owned Businesses Don’t Survive" video.

  1. That is actually closer to the truth, than you think. There are businesses, that can be massively profitable, but currently lack cash flow, due to their field get denied loans (because different fields have different risks, which banks must take into consideration), and thus are forced to either declare bankruptcy in the end, or seek alternative sources of money, which make's them loss generators. In my experience, the field is the key here. Try and get a loan for a couple of laptops, few chairs, desks and a server. You'll have easy time, because accounting is considered safe field. Try something like that with a cafe or some capital intense field like fuel delivery... Good luck getting a loan.
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