FUNDING RESOURCES FOR SMALL BUSINESSES

Finding capital can be tough. Here is some organizations that can provide you capital to get started:  

The Minority Business Development Agency (MBDA) is a part of the U.S. Department of Commerce, and it seeks to provide aid to minority-owned businesses to help them grow. The agency provides a variety of financing options for minorities, such as grants, and access to venture capital specifically geared towards minority-owned businesses.

Grants.gov thousands of state based grants that may be beneficial to your business. Grants are provided to businesses who can aid the government in “projects to provide public services and stimulate the economy”.

Accion is a non-profit that offers loans to low-to-moderate-income businesses that don’t usually qualify for traditional lending. As such, it can be a very good option for minority business owners and new entrepreneurs. Loans range from $200 up to $300,000.

 

The Payroll Tax Deferral takes effect on September 1st