How to Apply for Minority Owned Business Certification

Applying for minority owned business certification might take time, resources and money, but any negatives are soon outweighed by the benefits of such a decision. From minority owned business grants and loans to specialist contracts, having this certification opens a number of financial doors.

Instructions

1. Only certain types of business should apply for this certification. It isn't really a worthwhile process for a consumer-based business. However, if your business is more business-to-business and contract-based, then this will reap big rewards.

2. Your business should be independently-owned and running on a 'for profit' basis. Not-for-profit organisations can benefit from a vast range of grants and loans - but this certification does not gain anything for them.

3. Your business must be physically located in the United States.

4. A majority of owners, that's more than 51 percent, must come from minority backgrounds, including Native American, Asian-Pacific, Asian-Indian, Black and Hispanic. US Citizens applying must be able to provide documentation that they are at least 1/4 any one (or more) of these minority backgrounds.

5. The business should be controlled and operated by minorities, too. And you will be asked to demonstrate this within your application.

6. Your state portal will be able to connect you to agencies in your area involved in Minority Owned Business Certification.

7. Processes vary from state to state, but normally documentation must be signed before a notary public. So, it's worth making yourself aware of individuals certified to witness affadavits.

8. Application fees must be paid at time of submission. This varies from state to state - but it normally sits in the region of $150-175.

9. A length of time for processing of your application should be allowed for. This also varies from state to state, but normally does not exceed 120 days.