Hispanic Grants for Small business

by Caron_Beesley, Community Moderator

  • Created: March 9, 2010, 8:13 am
  • Updated: August 19, 2013, 7:45 am

According to recent U.S. Census Bureau data, Hispanics are opening businesses at a rate three times faster than the national average. And what was once regarded as a minority group now represents the fastest-growing segment of the nation's economy.

This is a fact that is not lost on the government.

Speaking to Hispanic News, Ying Lowrey, senior economist at the Small Business Administration's advocacy office, has this to say: "the contribution of minorities to the economy is tremendous."

The corollary of this is that more and more government resources dedicated to helping Hispanic entrepreneurs start up, operate and grow, are becoming more widely available both in local communities and on the Internet – if you know where to find them.

Here's a breakdown of some of the best government and non-profit resources and programs, which specifically support Hispanic business growth.

Get Local, Expert Start-Up Advice en Español

If you are thinking of starting a business or are already engaged in the early stages of business ownership, get valuable in-person advice as well as networking opportunities from numerous local organizations who specialize in promoting the growth of Hispanic businesses through training, advice, loan assistance and more.

Here are a few to consider:

Funding for Hispanic-Owned Businesses

Getting financing can be the most challenging part of starting a business – the easiest route may be to consider a loan from a bank that is guaranteed by the Small Business Administration (SBA). Although, be aware that the SBA doesn't give any special consideration to Hispanic entrepreneurs in its programs or during the approval process.

To help you understand more and find the right loan for your business, the SBA offers a version of its site in Spanish where you can get facts and information about these loans as well as other resources. Click the "translate" button at the top of the page to select your language.

An alternative to the SBA-guaranteed loan option is to talk to your local U.S. Hispanic Chamber of Commerce*. Many of these chapters work with banks and lenders to administer loan programs for Hispanics.

Online Government Resources for Hispanic Empresarios

The IRS en Español (check out their resources and forms for businesses) is one of a number of government resources now available in Spanish that help Hispanic-owned businesses grow their businesses while also helping them navigate the maze of regulations that accompanies business-ownership.

Another government-sponsored resource to check out is SCORE* (part-funded by the SBA). SCORE offers online small business workshops in Spanish; register for these here.

Hispanic Business Associations

In addition to government agencies, there are many trade associations and non-profits who are committed to helping Hispanics in business succeed. These include:

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McGraw-Hill Build a Green Small Business: Profitable Ways to Become an Ecopreneur
Book (McGraw-Hill)
2012-06-28 17:38:29 by WVOM

Support Local Green Small Business Create Jobs

Chase and LivingSocial are sponsoring up to 12 individual grants of $250,000 to 12 small businesses.
The grant pool has reached its goal of $3 Million! Now it's up to you to help local small businesses by showing your Support.
WVO Management, a Houston small business recycling waste vegetable oil, has applied for a grant. Grant applicants are required to get 250 votes at Mission Small Business website to qualify.
Vote for WVO Management at Mission Small Business website .
Thankyou and Regards.

2009-03-06 08:46:31 by coldenough

Funds for creating your own job:

I once had a successful business but wound up working for another company and have been laid off for 6 months. Being self employed was the best so I am looking to start another project. The U.S.Government has a website for Grant money that shows all the grants available with explanations and the closing dates to apply. It is explained that the money is not for business startups and advises other loans for that purpose. Most of the grants are for science studies that're way out of my league. However, there is grant money for community improvement type purposes and environmental projects. I.E. help convicts re-enter society by providing training and job opportunities, involving students in eco-friendly experiments

2009-11-03 05:34:55 by lilwing88

It's all for the good of the planet, right?

Sure it is............
Gore’s Dual Role in Spotlight: Advocate and Investor
WASHINGTON — Former Vice President Al Gore thought he had spotted a winner last year when a small California firm sought financing for an energy-saving technology from the venture capital firm where Mr. Gore is a partner.
The company, Silver Spring Networks, produces hardware and software to make the electricity grid more efficient. It came to Mr

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