That happens with white female owned businesses too! The woman is just a front for the real owners.
I know a woman who married a minority so her company could apply for 8(a) status. Not sure he understood what was going on. She was one ruthless bitch, so I suspect it was purely a sham on her part. Soap opera stuff.
Talk about “friends with benefits” this was “friends with benefits and a paycheck”!!!
kcvl wrote: “That happens with white female owned businesses too! The woman is just a front for the real owners.”
..... It gets better. The SBA 8A program also blesses a range of foreign immigrants as qualified for participation. Back in the 90s, Asian firms with deep pockets were sending over employees who they knew would qualify under 8A and bankrolling the establishment of 8A favored computer product dealerships in the USA. These firms not only received guaranteed set-aside business from the federal government for up to NINE years [if memory serves], but they were also eligible for SBA business loans at very attractive rates of interest. When nine years passed, they simply closed the company and opened up a new one.
It was both an open secret and an open joke in the business. The US government was, in effect, providing preferential business treatment to wealthy foreign competitors who understood how to game the system. I complained to both Kerry and Kennedy about this, but was met with complete indifference - they had no interest to look into the matter on any level whatsoever.