Many financing products get marketed as a small business loan for minorities, but most of these loans are virtually indistinguishable from a traditional business loan. These loans have the same rates, terms, and qualifications as loans offered to any other small business. In other words, they’re a minority business loan in name only.
Fortunately, there are government-backed small business lending programs that actually do offer a small business loan for minorities. In this article, we’re going to take a look at the three best places to find a small business loan for minorities and other business resources available to minority owned businesses.
