The vast majority of us have ancestors who were immigrants, or we ourselves immigrated to the US from elsewhere. This country was built on the hard work and dedication of immigrants, and today it is no different. While most news coverage of immigrants is slanted to a negative light, immigrants have achieved much success in the US. While we think of successful Americans, such as Warren Buffet and Oprah Winfrey often, many successful business people were immigrants.
One of today’s most popular (and most used) technological outlets, Google, was founded by an immigrant. Sergey Brin comes from Russia, and came up with the idea of Google with Larry Page when both were college students in California. Google isn’t alone when it comes to big-named businesses founded or operated by immigrants. Apple, Google, AT&T, Budweiser, Colgate, eBay, General Electric, IBM, and McDonalds (among others) owe their origin to a founder who was an immigrant or the child of an immigrant. Steve Jobs, the famous co-founder of Apple, is a child of an immigrant parent from Syria. Walt Disney also was the child of an immigrant (from Canada), as well as the founders of Oracle (Russia and Iran). IBM (Germany), Clorox (Ireland), Boeing (Germany) 3M (Canada) and Home Depot (Russia).
Immigrants and their children are more prone to taking a risk. After all, it was a major risk to leave their life in their homelands to come to a foreign land, so a risk in business comes naturally. These risks are often great for the immigrant and his or her family, as well as the economy. One new successful business can help the economy of a struggling small town, by adding jobs and a new economic flow. However, one issue that immigrant business owners will have is finding a business loan. A good rule of thumb is to bypass traditional lenders, such as local banks, and instead search for a high risk cash advance provider. This works differently than a loan, since, well, it is not a loan. It is an advance in which funds are taken from your merchant account at a certain percentage, as determined by you and your high risk cash advance provider. Remember, not every business needs a cash advance, and you should seriously consider your options before jumping aboard.