Birdwatch Archive

Birdwatch Note

2024-08-16 06:37:14 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

Loan rejections can vary on individual situations and occur due to poor credit history, inadequate collateral, or insufficient business revenue. The Equal Credit Opportunity Act, protects Black entrepreneurs from discrimination in lending. Speak to a lawyer. https://www.sba.gov/funding-programs/loans https://www.consumerfinance.gov/compliance/compliance-resources/other-applicable-requirements/equal-credit-opportunity-act/ https://www.mbda.gov/

Written by 7F784B10876A096D1D5674CFC59D54D1E37650F97614479DA06DC7E3F8AA88F8
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• summary
• Loan rejections can vary on individual situations and occur due to poor credit history, inadequate collateral, or insufficient business revenue. The Equal Credit Opportunity Act, protects Black entrepreneurs from discrimination in lending. Speak to a lawyer. https://www.sba.gov/funding-programs/loans https://www.consumerfinance.gov/compliance/compliance-resources/other-applicable-requirements/equal-credit-opportunity-act/ https://www.mbda.gov/