Small Business Loan for Minority

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Are You Looking for a Minority Business Loan?

For a small business owner, getting a business loan can sometimes make or break their business. But, there are special avenues that some small business owners can take to help gain the small business loan that they need, even if they have bad credit or no credit at all.

Some counties and cities across the United States will offer special incentives to minority businesses that will place their business in their district. Minority owned small businesses are one the of the largest growing sectors in the United States. By gaining new businesses constantly, counties and cities get better funding from the government for all sorts of different things, so they are always trying to come up with new and better ways to woo small business owners into their district. They will get even better funding if they can raise their minority, veteran, or women owned businesses during each year. Minority business loans help encourage female and ethnic minority business owners to start their businesses.

Minority business loans include a variety of different types of loans including, minority small business loans, minority large business loans, small business loans for minority women and small business loans for minority men.

Minority Business Cash Advance - Best Loan Alternative

For a minority owned business, there are special grants, loans, real estate deals, and special licensing that will help a small business owner start out on the best of terms that they can. There are some great deals here for small businesses that are just starting out and those who have been in business for a while, as long as they will register their business in that particular area.

Most of these programs will require a lot of paperwork, such as a business plan, financials, and tax returns before you can be considered for any of these programs. Then, you will go through a lengthy application process, and then go before a review board who will decide if you get the funding or real estate breaks that you have applied for. So, you aren't guaranteed any type of loan or help if you apply.

But, what happens to those minority owned businesses who don't get approved for these special loans? How do they get the funding that they need to start up or stay in business? Well, sometimes they don't realize that they have another option and they allow their business to fail. But, there are other avenues to gaining the funding that they need, such as a minority business cash advance from Merchant Advisors.

A Loan Alternative Could Be The Answer You're Looking For.

2007-09-21 09:50:40 by saxyways300

Obtaining minority small biz loan w/ bad credit

Does anyone know the best route to obtain a minority small business loan w/ bad credit. Just looking to get a 10k loan for startup costs and to launch a website.
Is it possible without a co-signer? Or, with bad credit, do you need a creditworthy co-signer? Any suggestions would be greatly apprecitated.
Or, if you know of any other routes aside from VC's to obtain financing w/ poor credit, that would be great!

2011-01-15 14:48:44 by boytoy

Minorities look for loans

A largely asian-american group flocked to a minority small business summitt at the SV-Microsoft campus, organized by the White House.
Technology, finance, and networking combined in an effort restart the economy and fuel the American dream.

2005-08-03 13:43:40 by mommystop

I/O Loans won't be the catalyst...

To bring down prices, they will simply make the crash harder and faster than anyone expects.
I/O loans work for just a small minority of buyers (Stable income that is not consistent throughout the year). They also have to be incredibly disciplined buyers who can put the extra money towards principle and avoid temptations to spend it elsewhere.
Instead we are seeing the most vulnerable buyers like lower income or sub-prime borrowers using these like never before.
I have asked at least 20 different loan officers (From both sub-prime and A paper companies) what percentage of people are using the interest only ARMs

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