Most black owned and operated businesses do not take advantage of the vast financing opportunities because they are not aware of them. I have been in the merchant services industry for over 15 years and the one thing that I notice is that minority owned businesses have to overcome the fear of financing. Some think that what I do is too good to be true, but the truth is is that all of my white clients use the financing that they get through their merchant accounts with my company to do things such as pay for their kids' college education, the purchase of a new company vehicle, additions to their homes & etc... Our people need to be educated on how they can maximize the leverage of owning a business! My question is "How Many Black Owned businesses are aware of these options? My other question is "Did You Know that you can use merchant account loan funds for ANY! purpose, personal or business?
Posted By: Gordon White
Saturday, February 11th 2012 at 7:28PM
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