Minority Small Business Loans
In other words, they're a minority business loan in name only. Fortunately, there are government-backed small business lending programs that
SBA microloans: The SBA offers microloans of up to $50,000 through nonprofit organizations. Interest rates range from 8% to 13%, and there's a maximum repayment term of six years, according to the SBA. The Opportunity Fund is one partner, and 90% of its borrowers are minority business owners, according to the company.
The 8 Best Minority Small Business LoansAvailable to Entrepreneurs. SBA 7(a) Loans & 8(a) Business Development Program. SBA Community Advantage Loans. SBA Microloan Program. Accion U.S. Network. Union Bank. Minerals and Mining on Indian Lands. The National African American Small Business Loan Fund.
Perhaps even more appropriate for minority business owners is the SBA 8(a)Business Development program, which assists economically disadvantaged entrepreneurs so they can compete in the marketplace. The SBA guarantees several loans for a variety of reasons, including nonprofit microloans.
These are the top small business grants for women and minorities
Business loansare great, but free money is even better. What if
While not explicitly for minority business owners, this grant program awards big payouts
Visit one of our Minority Business Centers for more in depth one-on-one
SBA'sFinancial Assistance Guide describes SBA loan programs
What types of loans are available for minority-owned businesses? Discover the keyloan program opportunities available for minority-owned
I am a minority business owner. Are there any financing programs or small business loans specifically for entrepreneurs like me? No matter
Don't let limited cash put an end to your business efforts. You can find loan programs to provide the money you need to start or expand your minority-owned
In fact, hundreds of black and minority-owned businesses each year receive such
business owners to apply for financing a particular small business need.
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