Small Business Loans For Minorities
SBA is a strong advocate of providing small business loans for minorities and special audiences. We know doing business with the government, also called government contracting, can be a very lucrative endeavor for all minorities seeking a small business loan.
In addition to the contract set-asides that many government agencies provide for small businesses, a business that is classified as a minority-owned or woman-owned business can often qualify for the SBA's Small Business Loans For Minorities Program.
Securing Small Business Loans
For Minorities
The Small Business Loans For Minorities Program exists to help you learn more about how to qualify as a minority-owned or woman-owned business and how that can effect your ability to bid on and win more government contracts.
Minority Business Development Centers (MBDC) can also help entrepreneurs and business owners secure small business loans for minorities either in local communities or throughout the country.
Funding Options Are Available!
Federal and state government agencies do not provide small business loans for minorities who are starting a business. However, there are a number of low-interest loan programs that can help individuals obtain startup financing.
Some nonprofit and local organizations provide a small number of small business loans for minorities to help those in economically disadvantaged communities to start and expand businesses.
