Watandar
Trusted Member
Why do you say that ? I am not aware of SBA loans being given to many foreigners, including Indians.
H-1B visas must end’: Wife of US citizen shares plight of landing IT jobs
- Thread starter SoulSpokesman
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ihussain
Registered Member
These people are famous for finding loopholes and exploiting them on a grand scale. Visit Plano or Frisco, TX, and all you'll see along the roads and freeways are Indian-owned businesses run by H-1B visa holders.
Below State Bank of Texas (SBT) bank, all owned by Indians
Specializes in SBA 504 and 7(a) loans primarily for the hospitality industry, offering financing up to $75$ 75 million for acquisitions, construction, and renovations. Known for fast, specialized service, they often close deals in as little as 10 days, providing tailored solutions for hotels and small businesses.
Here's just one example..
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ihussain
Registered Member
I run a very small online business with few friends of mine. We roughly take home $75 to $500 per month from it as each person share.
One day, an H-1B holder came in (you could tell he was fresh off the boat) and asked to join us. First of all, I was surprised how he found us but that's another story.
That H1B, wanted to invest almost half a million $$ and was asking for a 27% profit margin in return. So we start asking questions to him and found out, he was planning to get that money as a loan from a SPECIAL BANK. From the 27% profit, he would keep 2% and use the rest to make loan payments.
Plus, I would recommend anyone visit DFW. Anywhere you go, you’ll find Indian-owned businesses run by H-1B holders.
Watandar
Trusted Member
Sometimes I feel like a schmuck just quietly doing a job for decades and living within my means.
Watandar
Trusted Member
True that. Indians and Chinese are famous for finding loopholes and once they do, God help you.
I was not aware how Indians were abusing the SBA and the concept of "minority owned business".
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ihussain
Registered Member
Wallahi, that’s exactly what my friends and I said to each other when that H1B kid showed up and offered half a million dollars to invest.
There’s a reason why we Pakistanis call these Hindustanis banyas. These people don’t even breathe unless there’s some kind of financial gain involved. That’s why, after Obama introduced H-4 work authorization, this country got flooded with Hindustanis because now they could see two incomes.
In which country do you go on a 3–6 year work visa and buy homes with 50-year mortgage loans, unless the financial institutions are run by Indians?
In which country do you go on a 3–6 year work visa and buy cars with 15-year auto loans, unless the financial institutions are run by Indians?
SoulSpokesman
Trusted Member
- Thread starter
- #2,392
@vasanthm @Vkdindian1 @Thinking @Meengla @ihussain
The age of H1B migration maybe over but it is not certain that there will be more white-collar jobs will be available for white Americans.
Google's parent company Alphabet is quietly assembling what could become its biggest overseas expansion yet—a massive office complex in Bangalore that might house 20,000 new employees, Bloomberg reported. The move comes as the Trump administration's proposed H-1B visa fee hikes—potentially reaching $100,000 per application—are making it increasingly expensive to bring Indian engineers to American soil.
According to Bloomberg, Alphabet has leased one office tower and secured options on two more in Alembic City, a development in Bangalore's Whitefield tech corridor. The total space spans 2.4 million square feet. The first tower opens to employees in the coming months, with the remaining two expected to be ready by next year.
If Alphabet exercises all its options, the expansion could more than double its India headcount from the current 14,000 employees. The company has already been advertising hundreds of engineering roles in Bangalore—from AI practice directors and chip designers to machine learning specialists, many requiring PhDs.
Google opened its largest campus in India last year, complete with indoor mini golf, pickle ball courts, and cafeterias serving cardamom tea. YouTube is also hiring engineers there to build generative AI tools.
Google isn't alone in this pivot. The combined India headcount for Facebook, Amazon, Apple, Microsoft, Netflix, and Google grew 16% over the past year—the biggest jump in three years, according to staffing firm Xpheno.
OpenAI and Anthropic have also recently set up operations in the country, with Anthropic appointing former Microsoft executive Irina Ghose to lead its India business in January.
Industry body Nasscom estimates that global capability centers—tech hubs run by multinationals—will employ 2.5 million people in India by 2030, up from 1.9 million today. For US tech giants navigating Washington's tightening immigration policies, India is becoming the obvious workaround.
Regards
The age of H1B migration maybe over but it is not certain that there will be more white-collar jobs will be available for white Americans.
Google's parent company Alphabet is quietly assembling what could become its biggest overseas expansion yet—a massive office complex in Bangalore that might house 20,000 new employees, Bloomberg reported. The move comes as the Trump administration's proposed H-1B visa fee hikes—potentially reaching $100,000 per application—are making it increasingly expensive to bring Indian engineers to American soil.
According to Bloomberg, Alphabet has leased one office tower and secured options on two more in Alembic City, a development in Bangalore's Whitefield tech corridor. The total space spans 2.4 million square feet. The first tower opens to employees in the coming months, with the remaining two expected to be ready by next year.
If Alphabet exercises all its options, the expansion could more than double its India headcount from the current 14,000 employees. The company has already been advertising hundreds of engineering roles in Bangalore—from AI practice directors and chip designers to machine learning specialists, many requiring PhDs.
Google opened its largest campus in India last year, complete with indoor mini golf, pickle ball courts, and cafeterias serving cardamom tea. YouTube is also hiring engineers there to build generative AI tools.
Google isn't alone in this pivot. The combined India headcount for Facebook, Amazon, Apple, Microsoft, Netflix, and Google grew 16% over the past year—the biggest jump in three years, according to staffing firm Xpheno.
OpenAI and Anthropic have also recently set up operations in the country, with Anthropic appointing former Microsoft executive Irina Ghose to lead its India business in January.
Industry body Nasscom estimates that global capability centers—tech hubs run by multinationals—will employ 2.5 million people in India by 2030, up from 1.9 million today. For US tech giants navigating Washington's tightening immigration policies, India is becoming the obvious workaround.
Regards
vasanthm
Trusted Member
so it's no longer the jews but Indian running finance now?
vasanthm
Trusted Member
the big tech companies are opening large offices and are on a hiring frenzy in India, I'm guessing a lot of those jobs are basically replacing the jobs in the US
SoulSpokesman
Trusted Member
- Thread starter
- #2,395
@vasanthm Garu
Let's hope all white-collar jobs in US and EU get Bangalored to India.
Regards
Let's hope all white-collar jobs in US and EU get Bangalored to India.
Regards
AZ_HighCountry
INT'L MOD
It's a vicious cycle. Have seen that before only to have the jobs come back to the US then get outsourced again.
SoulSpokesman
Trusted Member
- Thread starter
- #2,397
@AZ_HighCountry
AZ Saar,
It's a vicious cycle. Have seen that before only to have the jobs come back to the US then get outsourced again.
The question is why bother with so much huffing and puffing, costs and disruptions as jobs are anyway going away. May as well shift all jobs to IND and keep it there, saar.
Regards
AZ Saar,
It's a vicious cycle. Have seen that before only to have the jobs come back to the US then get outsourced again.
The question is why bother with so much huffing and puffing, costs and disruptions as jobs are anyway going away. May as well shift all jobs to IND and keep it there, saar.
Regards
SoulSpokesman
Trusted Member
- Thread starter
- #2,398
@vasanthm @Vikramaditya1 @ihussain @r3alist
Looks like the world cannot have enough of the Hindu! And Pakistanis too!
Europe’s demographic crunch is pushing policymakers to rethink migration, and India is firmly on the radar.
Greek Defence Minister Nikos Dendias said on Saturday that India and the wider Indian subcontinent could emerge as some of Europe’s most viable partners for legal migration, as the continent struggles with an ageing population and a shrinking workforce, according to a CNN-News18 report.
Speaking at the India‑EU Forum in New Delhi, Dendias said Europe’s near-stagnant population growth has created an urgent demand for younger workers, a gap that countries like India are well placed to fill.
“Migration is a global phenomenon. It existed in the past and will continue in the future,” Dendias said, noting that Europe’s population growth is “almost negative”.
Against this backdrop, he said the Indian subcontinent’s demographic profile makes it a strong candidate for structured migration partnerships. However, he stressed that such frameworks must be carefully designed to ensure mutual benefit for both sending and receiving countries.
“With its current population structure, the subcontinent could be one of the best choices for legal migration,” he said.
Dendias also warned that illegal migration remains a destabilising challenge for Europe, driven largely by organised human smuggling networks operating for profit.
He called for stronger international cooperation to counter what he described as a large-scale criminal enterprise, underlining the need to separate legal migration pathways from irregular and unsafe routes clearly.
Beyond migration, the Greek minister highlighted the deep historical and cultural links between India and Greece, referencing Alexander the Great’s expedition to the region and India’s presence in Greek mythology.
He said modern geopolitical and economic cooperation offers an opportunity to renew and deepen bilateral ties in a contemporary context.
The inaugural India-EU Forum, organised by the Ministry of External Affairs in partnership with the Ananta Centre, concluded on Saturday after two days of discussions on trade, security, technology and geopolitics.
Held from February 6 to 7, the Track 1.5 dialogue brought together over 200 policymakers, industry leaders and strategic experts from India and European Union member states.
External Affairs Minister S Jaishankar delivered the opening address on February 6, while Commerce and Industry Minister Piyush Goyal participated in a special session the same day. Dendias addressed a dedicated fireside chat on February 7.
Regards
Looks like the world cannot have enough of the Hindu! And Pakistanis too!
Europe’s demographic crunch is pushing policymakers to rethink migration, and India is firmly on the radar.
Greek Defence Minister Nikos Dendias said on Saturday that India and the wider Indian subcontinent could emerge as some of Europe’s most viable partners for legal migration, as the continent struggles with an ageing population and a shrinking workforce, according to a CNN-News18 report.
Speaking at the India‑EU Forum in New Delhi, Dendias said Europe’s near-stagnant population growth has created an urgent demand for younger workers, a gap that countries like India are well placed to fill.
“Migration is a global phenomenon. It existed in the past and will continue in the future,” Dendias said, noting that Europe’s population growth is “almost negative”.
Against this backdrop, he said the Indian subcontinent’s demographic profile makes it a strong candidate for structured migration partnerships. However, he stressed that such frameworks must be carefully designed to ensure mutual benefit for both sending and receiving countries.
“With its current population structure, the subcontinent could be one of the best choices for legal migration,” he said.
Dendias also warned that illegal migration remains a destabilising challenge for Europe, driven largely by organised human smuggling networks operating for profit.
He called for stronger international cooperation to counter what he described as a large-scale criminal enterprise, underlining the need to separate legal migration pathways from irregular and unsafe routes clearly.
Beyond migration, the Greek minister highlighted the deep historical and cultural links between India and Greece, referencing Alexander the Great’s expedition to the region and India’s presence in Greek mythology.
He said modern geopolitical and economic cooperation offers an opportunity to renew and deepen bilateral ties in a contemporary context.
The inaugural India-EU Forum, organised by the Ministry of External Affairs in partnership with the Ananta Centre, concluded on Saturday after two days of discussions on trade, security, technology and geopolitics.
Held from February 6 to 7, the Track 1.5 dialogue brought together over 200 policymakers, industry leaders and strategic experts from India and European Union member states.
External Affairs Minister S Jaishankar delivered the opening address on February 6, while Commerce and Industry Minister Piyush Goyal participated in a special session the same day. Dendias addressed a dedicated fireside chat on February 7.
Regards
Vikramaditya1
Trusted Member
Gee a bank founded by Indians is all owned by Indians. Smart find.
SBA loans given by SBT has a high net recovery meaning there are very few defaults. Even lower than personal loans.
