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#news The Indian run State Bank of Texas funnels almost all SBA loans to fellow Indians who own 89% of all hotel properties in Texas, monopolizing the industry This extends beyond hotels to gas stations in Texas, where recent cases of multimillion-dollar SBA loans to Indian-owned operations have sparked fraud allegations, highlighting potential abuses in federal lending. The State Bank of Texas - run by CEO Chan Patel - has become a key player in funding the motel and hotel sector. Critics, however, question whether such concentrated lending—often backed by federal Small Business Administration (SBA) guarantees—represents fair competition or a form of ethnic favoritism that edges out native-born Americans in their own backyard. #Indian The bank is entirely composed of Indians, specifically from the Patel community, from Gujarat in India. Chan Patel serves as CEO and Chairman. He has experience as a hotelier who started with one property in 1976 - shortly after he immigrated from Mumbai - and grew to 17 before entering the banking world. Sushil Patel is the President and Rajan Patel is theChief Lending Officer. Board of Directors: J.D. Patel — Director Bipin B. Patel — Director Surekha Patel — Director D.N. Patel — Director Kishor Bhikha — Director Yasmin Gupta — Director Advisory Directors: Toral Balakrishnan — Advisory Director Shetal Patel — Advisory Director Hira Patel — Advisory Director This lending primarily to Indians has contributed to an Indian monopoly in Texas hotels, where immigrants and their descendants now own about 89% to 90% of all hotel properties. Nationwide, Indian Americans control over 60% of motels and hotels, with the Patel clan alone accounting for a significant share, thanks to organizations like the Asian American Hotel Owners Association (AAHOA), which has 18,000 members and advocates for them. Many Patels arrived via chain migration, where one family member was able to come into the country, then was allowed to bring his entire family, cousins, uncles, etc into the United states, creating migrant enclaves in states like Texas. #ChristinaAguayoNews This has led to whispers of cartel-like behavior, as seen in historical reports of the "Patel Motel Cartel," where Indians are given loans and everyone else is denied.

A #Texas woman who claims to be running for the Texas governor election stoked some fresh anti-India sentiments as she 'decided to become an Indian' as all Indians, she said, have been claiming to be just as "American as me". Posting a photo of her in an Indian attire in front of a temple background, she said her new name is Pria. Read here 🔗toi.in/GgC-WY