How you can acquire the right minority business grants and loan

Consider local options

While most of the minority-owned businesses prefer federal grants, you should not overlook local grants. Some of the local business groups support minorities by giving them grants. Try to identify any group within your area that offers funding opportunities for minority entrepreneurs. You can use the internet to simplify your search.

Participate in small business grant contests

Sometimes, groups organize grants contests for minority entrepreneurs.  If your business looks profitable and can help the community, you may end up being awarded a good amount from the contest.

 

 

 

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Author: Donna Woods

  • 6+ years of experience in financial analysis
  • 5+ years of experience as a writer, published author, editor, and screenwriter