SBA Hispanic Loans

One would think that a partnership between the SBA and the Hispanic Chamber of Commerce would be something worth celebrating. Well, think again.

SBA Hispanic loans have never been plentiful. As a demographic group, Hispanics have fared far worse than most.  

So, when I saw the announcement about the SBA Hispanic agreement, I thought Wow! 

Then I actually read it. The SBA, through its district offices in the state, will:

• Make available information regarding the SBA and its resource partners through pamphlets, brochures and other publications.
• Provide information to CHCC staff on SBA programs and services available to local small businesses.
• Provide speakers, consistent with SBA rules and policies, to participate in CHCC workshops, conferences, seminars and other activities to discuss SBA financing, government contracting and other business topics.
• Provide a text-only hyperlink from SBA's Web site to CHCC's Web site pursuant to SBA's linking policies.

Sooooo what???

Pamphlets? Speakers? Yuk.

How about access to capital? How about bi-lingual SBA loan specialists? How about programs for linking new Hispanic entrepreneurs with experienced businesspeople? How about identifying banks that are eager for their business?

Good grief, people. This is the fastest growing demographic group in the entire country. And all the SBA can offer is pamphlets? Where are the real SBA Hispanic loans?

Go back to the drawing board, folks. And don't waste paper on another announcement until you have something to announce.

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