Grant Financing Opportunities
Explore some of the top grant financing opportunities.
Opportunities for Entrepreneurs
Participating in these programs allows businesses owned to access the support and resources necessary to overcome specific challenges and establish successful, thriving companies.
Minority Business Development Agency
The MBDA offers grants for Minority Business Centers across the U.S., providing consulting, procurement support, and financial help for minority-owned businesses. They also have an ongoing grant competition to create an MBDA Virtual Business Center.
USDA Community Connect Grants
The USDA Community Connect Grants support minority-owned businesses expanding broadband in rural areas. Funds can be used for construction, land, and free service to community facilities. Eligible entities include state, local governments, tribes, nonprofits, and for-profit corporations.
SBA Minority-Owed Business Programs
Minority-owned businesses can access SBA's mentorship and guidance programs for support, including counseling, training, and assistance in securing government contracts. Qualification is based on SBA guidelines, where a minority member holds 51% or more of the company's stocks, assets, or equity. Eligible minority groups encompass African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans, and Subcontinent Asian Americans.
Opportunity Fund
Opportunity Fund is a non-profit lender who partners with the SBA to facilitate loans so entrepreneurs can create jobs and promote upward mobility.
Their programs include:
-Small business loans of $30,001 to $250,000
-Microloans of up to $30,000
-Commercial vehicle loans of up to $200,000
-Express loans of less than $10,000
-Easy Pay loans of $5,001 to $250,000
-Mobile food truck loans from $2,601 to $100,000
Kiva
Kiva is a global non-profit working to help over 1.7 billion unbanked individuals access financial services. They crowdsource loans to improve financial services' quality and affordability, breaking down barriers to financial access worldwide.
Grants.gov
Grants.gov doesn't exclusively provide grants for minority-owned businesses, it's a valuable resource for finding grants tailored to your industry and eligibility. It offers guidelines, application details, and deadlines for over 1,000 small business grants.