Minority small business grants can assist in starting a new business or maturing an existing business. There are several small business grants available that are strictly for the minority population including the disabled, elderly, and women.
If you are an small business owner that is a minority and you are looking to obtain one of the minority small business grants you need to be able to tell them how your business would survive if you didn’t get the grant. The minority small business grants board will be looking for a three to five year business plan from you. They will want to see where you have been and where you plan to take your business.
Every year you can reapply for more another minority small business grants. However, each year you will be required to resubmit a new proposal. Whether you are accepted for another federal small business grant can depend on how successful you were with your first grant. There are all kinds of success stories thanks to minority small business grants and you could be one of them. It all begins with getting that first grant.
On top of the US government small business grants and minority small business grants there are also private agencies like FAME that offers a variety of small business programs for the LA County area that is so impoverished. However, you do not to be in that area to apply for one of their many small business grants. This fund has helped many small businesses see their way to the future.
Another well known private organization is called Operation HOPE who provides more than $72 million dollar for minority small business grants and loans for both small business and homeowners. Spend some time on their site to read some great success stories that are sure to inspire you. And of course if you qualify be sure to apply for one of their minority small business grants.
The entrepreneur spirit means you aren’t going to give up your search for minority small business grants. Probably the easiest place to look is with the federal government small business grants. To qualify for the minority small business grants you must be a minority, be an American citizen or legal resident, and have your proposal. There is no credit check, you don’t pay the money back, and you can even have been in bankruptcy in the past. There key to accessing some of the minority small business grants are all in your business plan and your proposal.
Speaking of proposals, once you have chosen the minority small business grants you want to apply for, it’s time to get busy putting together a business proposal that will leave the committee unable to say no to you. You will want your proposal to include one, three, and five year revenue estimates, as well as what your plan is to grow your business using the minority federal small business grant.
Sadly far too often small business struggles along when they wouldn’t have to because of the minority small business grants that are available. The big problem is that many don’t know about these small business grants. But now you do know about these grants, so it’s time for you to apply for minority small business grants that can help your business.