How to find and apply to minority business loans
Our writing team at Rapid Funders found a great resource article on nav.com on various business loan options that work great for minorities.
Did you know?
For every dollar in worth that a white family has, a Hispanic family will have just 11.8%. It’s reasonable to assume that this disparity affects many aspects of daily life, not excluding entrepreneurial efforts, where it is expected that a small business owner will use some of their own assets to fund their company – at least initially.https://www.nav.com/blog/minority-business-loans-123374/
Many federal, state, and private programs have turned their focus to helping create a level playing field for disadvantaged groups (aka minorities) who want to start a new business venture. Among those are small business loans.
Click here to view all the ones focused on assisting those from disadvantaged groups, including minorities, tribes, women, and veterans, and economically-challenged rural owners: