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football_45013 | There are lots of Indians and Arabs that own gas stations. How do they get the money to buy these businesses? |
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Garacaius
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There are investors who specialize in this segment of the market. They find people to back, and sites to finance. |
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wayfaroutthere
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The same way white people would, if they wanted to quit their jobs and go into business. You sock some money away for a while, go to a bank for a loan, start a small business as a fund-raiser for a big business you want to have later, or something like that. Think about it. You could buy a gas station in five years, if you are willing to live the poor life for five years, and work your butt off to get your station, and keep working once you have it. It's so much easier to just get a job, but you don't make good money working for someone else. |
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Gem
 |
The real answer is other family members who already live in America. (sorry this is so long :)
I used to be a public accountant and we had a couple Indian owned businesses that I worked with. As I became friendly with them, I came to find out how they came to Hillsdale, Michigan (population less than 20,000 in the middle of nowhere) and Mr. Patel told me the story.
His Uncle was "sponsered" by another extended member of his family. When they first came to the US, they sent most of their money back home and saved the rest, as soon as possible they opened their own business. Then they would save up enough to buy another business and would lend the money to a relative so that they could come over and do the same thing.
Their lifestyle was much different than mine, they are minimalists who really don't waste much money and keep instant gratification and materialist goods to a minimum. Also, other than the family loans, they don't believe in debt. The culture seems to operate on cash, and because there are quite a few Muslims in India, that would make sense (Muslims do not believe in the paying of, or receiving of, interest).
So basically, they worked their butts off and instead of spending every dime they make (and running up thousands in credit cards) they save and expand.
Every American has the same opportunity, most choose not to put in the sacrifices needed to make it happen.
And I know that not everyone is like that, both most are, and it really upsets me that people think they somehow are getting a free ride, they aren't. And most Middle-Eastern and Indian shopowners I have known work 16+ hours per day, 7 days a week, they aren't given government money, they just outwork the average American. |
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Sergio Andrés
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I once met a family who had just moved from the middle east, one of their friends told the father, here is a lump of money start your business and in 5 years, you will start making some money, start paying me back. After your biz is up and running find a friend who is in need and help him open their own biz.
Unlike us here...we try to get each other down. imagine the economy we would have...? but again, welcome to CAPITALISM |
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google
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they take it on lease which is affordable. |
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Galileo
 |
They get the money from other Indians or Arabs, the investors,
they help another Arab to have his own store and gas station and once he had made it in the business he pays him back and then he helps someone else and so on and so on,you never see them working in construction or repairing or maintenance anything...they're consolidated. |
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Larry
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There is no single way people get money to start a small business. But the people who moan about our government giving immigrants money are so misguided (likely by their bigoted beliefs), it is laughable. I grew up poor, and my wife even poorer, and we worked hard, saved money, paid off unsecured and car debts, bought a townhouse and eventually used some of the equity to open our small punk shop in Pasadena, CA. It wasn't easy, but we did it.
I loathe the government way more than any of the conformists here that think they're so edgy slamming the government by implying that it hands money out to foreigners and holds down good, hard-working 'mericans like them. I see way too many of these lazy fat losers standing around worksites watching much darker guys doing the work. If you hate your job (if you even have one), then gain some courage and make your own way. It's not foreigners holding you back - it's your own laziness, bigotry and ignorance.
And if you’re really that upset by the government handing out money, then focus it on the biggest corporations – they’re the ones getting the lion’s share of our tax money through the exploitation of off-shore tax havens, corporate subsidies, no-bid contracts, and myriad other quasi-legal schemes devised by corporate lawyers. Quit your whining! |
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ATV Rider
 |
The gov't gives them the money they need when they come over here,while American citizens who work cant get help. |
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STORMY K
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goverment funding |
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Rhonda B
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Our "great government" gives it to them when the come over here. To start a life... Money they do not have to pay back. But us that are from here cant even get a loan to start a small business. They do a later bomb us.. Nice huh? Hispanics get nothing for coming over.. no even a chance to come.. but of course i guess keep your friends close and you enemies closer! |
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skcs11
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from our government. |
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