Minority business grants are a type of funding for minority-owned businesses, usually small businesses. Unlike loans, grants do not have to be paid back, although they are generally considered by the Internal Revenue Service (IRS) to betaxablebusiness income.1 In the United States, minority busi...
Don’t rule out business grants Few things beat free, especially free money. Most small business grants are difficult to obtain due to the competition, but the following resources are worth exploring due to the fact that they are, well, free. Grants.govprovides information tomore than 1,000 ...
it can be extremely helpful as you get set up, as well as provide opportunities for your business down the road. A minority-owned certification business can help you qualify for some government benefits, gain access to minority business grants, apply for and receive government contracts and help...
“As Black entrepreneurs, we didn’t have family or other connections to help us fund our early-stage venture,” Smith recalls. “I put up $80,000 of my own savings to do market analysis and come up with a business plan since we didn’t have business mentors to guide us.” But th...
owned business. While you can still apply for ordinary grants and loans, there are a variety of different programs and initiatives that work to help small business owners in underserved communities. Look into the available programs and see if any of them might be a good fit for your business...
The study's results suggest that support from the forest products industry and the government, such as government grants, low-interest loans, and strategic marketing, can enhance the sustainability of MBY logging businesses. These measures, coupled with legislative support, could help to address ...
for start-up costs or expansions. Finally, agencies such as the Small Business Administration (SBA) have increased the volume of loans to minorities (in fiscal year 1994, for example, the SBA increased the amount it loaned to minority business owners by nearly 60 percent over the previous ...