What are the Best Funding Options for Minority Small Business Owners?
Minority-owned businesses are on the rise in America. Over 27 million enterprises are owned by minorities. These firms make up to 29 percent of all businesses, according to a 2018 report by the US Small Business Administration. Many entrepreneurs struggle to get business grants for minority women. The following are the six best funding options for minority small business owners. 1. Small Business Administration (SBA) The Small Business Administration program provides training, technical and management guidance, and entrepreneurship development assistance to the small business owners who are socially and economically disadvantaged. An American citizen who is subjected to cultural prejudice due to race qualifies to receive assistance from SBA. 2. Asian Women Giving Circle This organization has been funding artists and Asian cultural projects in New York since 2006. Anyone who is working towards social transformation by raising awareness on issues affecting Asian American fa