How to Apply for a Minority Owned Small Business Grant

Looking to start a minority-owned business? There are many grants available to help your business grow and succeed - whatever your industry choice.

Difficulty:

Moderate

Instructions

1. The federal government does not directly issue grants or loans. Instead, it provides funding to local, regional and state agencies and non-profit organisations. Your search should begin here. In the resources below, check out the grant, loan and venture capital finder for some ideas of who to contact.

2. Your local Chamber of Commerce may also be able to help. They may offer grants directly or may be able to offer you advice on what's available in your area for minority owned small businesses.

3. Whether you belong to a trade association or not, they just might be able to help open some doors for your minority-owned small business and may even have some grants they offer directly.

4. Always get in touch with any social groups you are affiliated with, such as churches, colleges, schools and social groups.

5. A mentor can offer support and advice during this process. Considering asking an experienced business person to become involved in your search for minority owned small business grants.

6. Set aside a fixed period of time to complete all applications so you can save on time and avoid duplicating too much information.

7. When completing your applications pay special attention to the finer details, such as spelling, grammar and penmanship. Keep forms in a neat and tidy order and, if your budget allows, use a higher quality of paper to show your attention to detail and commitment to your business' future.

Resources

• Business grant, loan and venture capital finder