How to Find Minority Owned Business Grants

If you are considered a minority and you own a business, you should know that there are several grants available to help your business grow and thrive. Available through the government and private organizations and citizens, these grants can be used for many different business needs. Below, you’ll learn how to find minority owned business grants.

Difficulty: Moderate

Instructions

1. Join Minority-Based Support Groups. Whether you’re an American Indian, an African American or another minority, there are many support groups available. By joining a support group based on the minority you belong to, you can learn about minority owned business grants. Support groups are typically great about providing grant opportunities and information to their members. To learn more about joining minority-based support groups, visit Prosperity Partnership. (See "Additional Resources" for link.

2. Visit the Small Business Administration. The Small Business Administration or SBA is a widely recognized and highly reputed organization helping small business owners succeed. This group offers loans and grants for business owners and keeps individuals informed on grant opportunities offered by the US government, private individuals and organizations. This is a great place to find minority owned business grants. There is an SBA branch in every state and you can find yours by visiting http://www.sba.gov/localresources/index.html. You can also visit the official SBA website by going to www.SBA.gov.

3. Look into other Online Resources. There are many different websites that provide the latest grant information to individuals, including business grants. By utilizing these websites, you can stay up to date on which grants are being offered currently. www.Business.gov is one of the best websites for finding business-related grants. This website is easy to use and can help you quickly find the grants you’re looking for. www.Grants.gov is another comprehensive grant website featuring all kinds of grants. Use the keyword tool to search for minority owned business grants. You can also obtain the application through this site in order to apply for the grant.

4. Visit the MBDA. The Minority Business Development Association is a great resource to be aware of. This association helps minorities of all kinds find funding for business ventures, needs and more. Not only can you find information about grants, but you can find information on loans and other types of funding as well. To learn more about the MBDA, visit http://www.mbda.gov/?section_id=3.
   
   By following the steps above, you can obtain funding for your minority owned business in order to help it grow and thrive.

Resources

• Prosperity Partnerships
• Small Business Association
• Business.gov Site

[dinrob]

on 6/12/2009 Cool. This article will definitely help small sized business. Thanks!