Small Business Loan for Minority Woman
Women belonging to ethnic minority groups are assured special assistance by the respective governments for their overall progress and uplift. Such women are entitled for special funds allocated by funding bodies and financial groups.
Small business loan for minority women is meant for growth of minority business development. Minority business owners, particularly women avail special facilities offered by financial group or government organizations allocating funds for these purposes.
There has been tremendous growth in assistance offered to women from the minority group for their business development henceforth making them part and parcel of growth of nations. Special Minority Business Development Agencies are created for such purposes that work exclusively as typical federal agencies to support and guide businesses owned by the group of minority women. Such agencies discussed above foster establishment and growth of business establishments through supporting them by providing required funds.
Funding Agencies and Benefits
Prominent minority and women friendly bank of America, Wells Fargo remains in the limelight for supporting minority groups specially women business owners. Funding groups and banks of such kind support African-American, Latino and other minority women-owned business houses. Most important criteria for qualifying in such loans are that borrower must own profitable business for at least two years. In other conditions one must have best personal and business credit record and business group hasn’t gone bankrupt at any point of time in past 10 years. Women business owners from minority group can get these loans comprising of $5,000 to $100,000 easily when documentation is made easy and planned.
The American Trend
There remains perceptible culture of offering small business loans to minority women in the American markets. There have been several active networks including Minority Business Development Centres, Native American Business Development Centres and Business Resource Centres spread in the whole American region that specially focuses upon promoting and supporting minority groups, particularly women entrepreneurs.
Other Options: Like lending banks and groups discussed above small business investment companies (SBIC) too are genuine options for small business loan for minority women. Such privately managed investment firms focus upon venture capital and financial support to small and emerging businesses. Such groups avail license for this purpose from SBA groups.
How to Get Loans: Minority women can apply for business loans after thorough assessment of their financial needs and zeroing upon particular lending party that can sanction desired loan. Such women need additional help for this purpose. The loan application package should be understood minutely. Local small business development corporations can be asked for assistance before proceeding. Guide women to go to particular bank or financial group which is not only potential lender but also sanctions loan without creating any brouhaha.
16 Comments
- I reside in Durban- South Africa and am currently in the screen-printing field. I am currently sub-contracting work and losing so much of money by paying out the printers. I am looking for funding to set up my own screenprinting company and the advantage that i have is that i have an excellent clientele who are huge in the fashion industry. Need to set up A.S.A.P.
- I lived in addis, louisiana. I am a filipina immigrant, i would like to start my own small business, i would like to lease a space and put a breakfast cafe that open at 4am. Because where i live there are big chemical plants. So please i just need a small loan to start that cafe and i will assure you i am very hard working woman. Thank you in advance.
- sir, i doing for garment business, i have 40 tailoring machines and sufficient tailors. but i need for finance business partner contact me . +91 9944805079 mail id bdsfashion@gmail.com
- I live in Towson Maryland, I am a Filipino woman, I have a steady job as a medical coder at Med Star Health care, as a medical coader. My husband and I Have a passion for horticulture, and we regularly help out all around our neighborhood, with, landscape architecture, custom irrigation, landscape installations , lawn care, and everything else related to horticulture. My husband is a Maryland nursery and landscape, Certified Professional Horticulturalist. We have already formed a large network of potential clients. I would like to apply for a small loan, that would be used for basic equipment, business start up and, marketing and advertising. I feel extremely confident that this business will grow rapidly. With myself and my husbands expertise in the field, our rapidly growing network, and statistics showing a steady upward trend in this industries growth. With a small loan, In a short time I could create a profitable business that has endless growth potential.
- My name is Jennifer Law, I am Vietnam immigrant and I would like to know where and how I can get a SBA Loan for Minority Women to start a restaurant business? I just acquired a restaurant in Las Vegas, NV, but I need a working capital to run a restaurant. I need to buy restaurant equipments, buy foods, pay bills, etc. Please help. Thank you. Jennife
- Hello, I am a South korean woman wanting to open a business in Las Vegas. Unfortunately with the housing crisis in Las Vegas, I lost my home. My daughter and I are interested in opening a resale/consignment store. We have both over 40 years of retail experience combined. I would be interested in finding out if I would be qualified for a SBA loan and a Minority women in business loan. Please any assistance would be helpful. thank you, Hannah
- I want to start a kurti wholesaling manufacturing business in kolkata. I want tailors to start. Kindly help in this regard.
- Hello, I am Annie Antony. I am running a small school in a remote village in Hyderabad, Andhra predesh, India. The school is running in a rented building which I need to hand over to the owner this year. I do not have the financial support to buy a plot of land so that I can construct a building with the help of bank loan. So I need a loan to buy a plot of land. This will be a great help for the poor 300 children of my Floradale school.
- I want to manufacture readymade women garments in nagpur
- I live in the Bahamas and it is hard to acquire a loan as a black women in Garment Manufacturing and also a garment training school. We have more than 95% of our uniforms purchase overseas in the USA & UK. Help me to put our young women to work by training them in this area of garment manufacturing so that the young women can manufacturing uniforms locally. I know once I have the resources. I can obtain the orders from Sun Atlantics and the other hotels in the Bahamas
- Hi there, I opened my own Call Centre Business and am looking for an Investor. I live in Durban, South Afria.
- Hai. starting a clothing line business in rajasthan. But my main problem for money. Plz tell for financial corporations in rajasthan small industry.
- Hi i am the owner of Vinas Art and Craft located in Exuma Bahamas. I teach and make jewelry, bags hats dolls shell works mats but currently because of the economic decline it is so hard to make a profit here. i have lots of overseas clients but shipping is killing me looking for investors to assist me in this please.
- Hello Sir, We are planning for opening of degree college in bsr up. (BA,B.Com,BSc)Session starting from june 2014, the major requirement had completed like land and other legal requirement, but building construction are running, so many bank are ready to pay the loan,bu we are not interested in this we want a loan from other sources if you can provide this kindly call me for any query. prem singh 9999653859
- I would like to buy and flip houses, need help getting started. Thank you so much, if you can help me out!
- I NEED HELP IN GETTING COMMERCIAL COOKING EQUIPMENT FOR MY FOOD TRUCK.THANKS,SARVI
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