Impact Investing is steering capital away from critical U.S. industries, limiting access to capital for companies that support U.S. energy independence, second amendment rights and basic American values. Every week a new endowment, bank or fund announces a new Impact Investing strategy that further limits capital flows to essential industries. Freedom Capital seeks to reverse that trend by profitably investing in critical industries that support America’s prosperity, security and freedom.
By Kelsey Harkness, The Daily Signal, Feb. 25th 2016
An Ohio firearms retailer who was recently denied access to banking services says the federal government is continuing to “discriminate against” his industry.
“I definitely think the government is discriminating against our industry,” William Evans, president and CEO of American Tactical Concepts in Wadsworth, Ohio, told The Daily Signal. “It’s a little too widespread.”
Evans, who has also served as an emergency medical technician for 13 years, said since President Barack Obama took office, he’s noticed a trend of more firearms retailers being denied banking services.
Earlier this month, while trying to obtain a line of credit from Direct Capital so that he could purchase in new machinery to manufacture receivers from scratch, Evans said the online application required him to provide information about his business, a “full service AR shop.”
Forty-eight hours later, Evans said, “I got a notice that they would not lend to us due to industry.”
Evans provided The Daily Signal a copy of Direct Capital’s response.