Business Loans for Minority-Owned Businesses

There are over 11 million minority-owned businesses in the United States, and minority business owners play a vital role in growing the U.S. economy. Despite the economic importance of minority-owned businesses, Asian, Hispanic, African American, Native American and other minority small business owners experience a disproportionate number of barriers in access to business capital. This impacts the growth of minority-owned businesses and makes it more difficult for minority owners to meet their business capital needs.

While access to financing is far from equal, there are loans and financing options specifically for minority-owned businesses. There are also financing options for all businesses that may be more accessible to minority entrepreneurs who have been denied by traditional lenders.
Here’s what you need to know about small business loans for minority business owners.