Starting a business can mean a lot of challenges including finding and accessing affordable loans or grants. The lack of access to capital can considerably stop you from growing your company and increasing profit margins.

Although people generally think that money for aspiring entrepreneurs isn’t really available or requires complicated steps when it comes to acquiring it, billions of dollars are awarded each year to entrepreneurs in the form of funding. There are even some grants specifically offered to a minority of first time business owners or other minorities in the United States.

Hundreds of minority-owned businesses receive grant funding from various government agencies and nonprofit organizations. Some of them don’t even have to be paid back.

 

If you happen to be a minority business owner, there are some options for accessing grants that you can take into consideration.  Take a look at the looking 10 slides that contain small and minority business grant available: