Minority Business Loan Programs:
Track 'em, Find 'em, Get 'em

No matter how "big" the minority is, minority business loan programs are still hard to come by.

Venture Capital and Minority Business Programs

While government-based programs have taken strong steps to eradicate the prejudice, the same is not true for non-government programs, such as venture capital and angel investors.

When researching "minority venture capital firms" or "angel investors", be wary. Scams run rampant. We even ran across one that charged a non-refundable $450 "processing fee"!
The very best way to avoid scams is to be the searcher, not the searchee (is that a word?). You find Them; They don't find You. If, in fact, a "venture capitalist" or "angel investor" is pursuing you, you can pretty well assume it's a scam.  

Venture capitalists and angel investors don't have to pursue anyone or anything -- they have plenty of great projects sitting on their desks.

Other Minority Business Loan Programs

Here are some of the organizations that you might check:

Minority Business Development Agency

American Association of Minority Business

National Minority Business Council, Inc.

Diversity 2000

MWBE Development Center

This is but a tiny list of the thousands of options available for minority business loan programs. Your best bet is the check with your local Small Business Administration office for program specific to your geographical area.

The Color-Blind, Sex-Blind, Age-Blind, Handicapped Compatible Business for Minorities

You're looking at it. The internet, with all its ramifications, is one heck of a deal for anyone with issues of prejudice.

Your success on the internet is dependent on (1) your creativity, (2) your intelligence, and (3) finding the right company.

Business Loans for Work from Home Businesses and Internet Business

On the one hand, these loans are typically easier to find because they tend to be smaller than loans for large retail or wholesale operations.

On the other hand, because there is little or no collateral involved, they can be quite challenging to fund.

Work from home business often give you an opportunity to begin your business part time, evenings and weekends, or whenever you have time. Then, when you've proven that you can operate the business successfully, it is much easier to approach any funding source.
And let me know what happens.

And also check these pages, as well as the links to the minority business loan programs at the top of this page:

Investors for your minority business loan. Conduct your own proactive search for potential investors, especially if yours is not a typical bank-financed project.

Track down the hidden investor market -- one that encourages minority business participation. When the hidden market is presented with a viable project from a minority-owned firm, it is every bit as likely to fund it as any other project. Strong projects are in demand in this very active market.

Minority business loans need strong marketing plans -- plans that demonstrate the entrepreneur's expertise. Over-research. Be super prepared for any question that might be thrown your way.

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