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Find out if you qualify for any new 2023 grants for minority-owned small businesses. ... SBA loans. The Small Business Association offers low-cost government backed loans to many types of small ...
U.S. Department of Commerce Minority Business Development Agency (MBDA). ... The Accion Opportunity Fund grants small business loans ranging from $5,000-$250,000, along with educational resources ...
Discrepancies in SBA loans for minority small business owners don’t stop there. About 15 percent of nonemployer businesses (4,191,000) are Hispanic-owned. The U.S. Census Bureau found there were ...
Marketplace lending company Lending Club works with Opportunity Fund to make loans to small businesses that otherwise would have had their applications rejected. The two organizations aim to provide $10 million in loans to small businesses in underserved areas of 13 states, helping an estimated 400 businesses create more than 1,000 jobs. [4]
An SBA loan gives your small business access to government-backed funding. ... such as woman- or minority-owned businesses. Economic Injury Disaster Loans. Loan amount. Up to $2 million.
Take a look at the following types of lenders that offer small business loans. Online. Both traditional banks and online lenders offer wide-ranging loan amounts, anywhere from $5,000 to $600,000 ...
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