A bank is one of the most important if not the most important institution in different community. A bank is a stabilizing force in the neighborhood it serves. It loans money to small businesses to help them expand and create jobs. It assist orlando and community organizations to help them better address the particular needs of the community. It helps individuals to become home owners and help existing home owners make repairs and additions to their property. The bank does this because it gets the money it uses to have a profit for themselves from the community its located in. People finance the banks, banks in turn should finance the people’s needs. This is how it works in every community except mine ブラック融資.
In the Black community the banks don’t hold up there end of the bargain. They miss most small business loans that are looking to reinvest in the neighborhood and the loans they do take on they under finance to ensure failure for them to use the failure as an justification not to finance new projects. Most major lenders that service the Black neighborhoods have been guilty of predatory lending practices that caused many in foreclosure homes and tremendous debt for the so called Black Middle Class. A long time before the practice became common in other communities. They modified it on us first. We place our money in their banks but they don’t service our needs.
Black Owned banks have a history of helping the wants of the Black community. However their resources are limited because we don’t deposit our money in our banks. Black people have over a trillion dollars in spending power however most Black banks struggle to get Black visitors to deposit their money in them. Black people do have money to deposit in banks we just give our money to other people who don’t look like us or like what are the results in our neighborhoods. Why is this? For the average inner city neighborhood. You will see check cashing places, pay check advance services. You will see major lenders like Chase, Bank Of America, PNC, Comerica etc. These places deceive our people with high interest on loans and outrageous check cashing fees. Black Owned banks have a history of being more financially responsible than their white counter parts. Black owned banks have in times past offered better interest rates on your money and less banking fees. However we still put our money in other people’s banks. Why?! Is it still our self hatred and hunch for one another? Is it still the attitude that the “Whitman’s Ice Is always Cooler! inches
In order to create Black Wealth we must reuse Black Dollars. We must support Black Business. Create more Black owned businesses. The Black Owned Bank is critical to achieving this. Every Black (African American) who has a checking or savings account should transfer their money to a Black owned bank. Black business owners especially have to do this. How can you say that we should support your business and you deposit your money in a bank that doesn’t support your community! BLACK PEOPLE! BLACK BUSINESS OWNERS TRANSFER YOUR ACCOUNT TODAY! Here are some links to help you find a Black owned bank in your area.