Government business loans may be a good alternative for minorities, depending on their small business needs and objectives. If you are looking for a loan to help pay for education, housing, or business wants, there may be a program out there to help. There are specific loans only offered to minorities as well, which may be useful. However, minorities are invited to apply for any government loan that they qualify for. Be sure to check the eligibility qualifications before applying for each loan you are interested in, as they all differ.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.