Minority entrepreneurs build some of the fastest-growing businesses in the country — and deserve capital to match. While loans aren't awarded by ethnicity, minority owners have a full menu of funding plus dedicated resources built to close long-standing capital gaps.
Funding options
- Working capital and lines of credit — flexible, fast.
- SBA loans — low rates; the MBDA and SBDCs offer support.
- CDFIs — mission-driven lenders serving underserved owners, often on flexible terms.
- Equipment financing — secured by the equipment.
Prefer free money? Pursue grants too — see grants for minority-owned businesses. Grants are competitive and slow, so many owners use funding to grow while they apply.
The most accessible options
Revenue-based funding — bank-statement loans, lines of credit and advances — approve on your business's deposits rather than credit alone, and fund fast.
Typical guidelines
| Requirement | Typical minimum |
|---|---|
| Time in business | 6+ months (startup options exist) |
| Monthly revenue | $10,000+ |
| Credit score | No minimum on many programs |
| Documents | Application + bank statements |
Frequently asked questions
Are there loans for minority owners?
Loans aren't awarded by ethnicity, but there are strong options plus CDFIs, MBDA and lender programs; grants are the group-specific piece.
What is a CDFI?
A mission-driven community lender that funds small and underserved businesses on flexible terms.