Your Questions About Small Business Loans For Minority Women

Sandra asks…

Is there any financial assistance out there for my dad’s home and business?

My dad is actually the one looking for small business and home grants and loans. He says it seems like the only people they want to help are “minorities” (women, black, single mothers…) Is it me or doesn’t that seem like discrimination? So has anyone heard of something that might help him besides any banks?

admin answers:

There’s really not much “free” money out there to help you start a business. And you’re correct, most of the free money out there is set aside for special groups of people such a women. You can do a search for the Small Business Development Center. The SBDC is funded for the federal government for the sole purpose of helping people open and run small businesses. There are locations in every state across the country. They are not a lender, so they won’t have any money for you, but if there are any grants available they’ll be able to help you find them.

William asks…

Are There Govt. Grants For Small, Women-Owned, For-Profit Businesses?

Do government grants (actual grants; not loans) exist forsmall, minority, female-owned businesses? I’m being told that government grants (again, not loans) are only given to non-profit organizations. Can someone shed some light on this?

admin answers:

It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for starting a for-profit business.

One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs , which fund the research and development of technological innovation that meets specific government needs.

Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups — minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include

Iowa Women’s Foundation
New Mexico Women’s Foundation

Even SBA does NOT give out grants. From the SBA website

“The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments.”

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) and – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business — THERE’S NONE.


Most of the federal grants are given to specific target groups with specific requirements (e.g. Minority business owners involved in transportation related contracts emanating from DOT – Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women’s Business Ownership Assistance that are given to those who will create women’s business center that will train women entrepreneurs

For private grants, you may want to check the Foundation Center’s Foundation Grants for Individuals Online . It’s a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for “students, artists, academic researchers, libraries and financial aid offices.” Entrepreneurs are apparently not one of them, so I take it they also don’t have listings of private foundations who give grants to would-be entrepreneurs.

Robert asks…

Why is it so hard being a white male in todays world?

Schools give more and better breaks to minorities.
Most jobs are looking for women or minorities.
You get less grants or financial help in schools or small business loans.
You are looked down apon from different races of people.
Rap music,black comics make jokes about you and cut you down, but its okay for them to do that.

I can go on and on.

Why is this happening in todays world?

I know this will bring answers from racist anti-white posters, saying the white man owes them,how does it feel, because of along time ago there was slavery and such b.s. etc.

Give it some thought and answer please!!
Please think a little more before you answer :)

admin answers:

It does not matter what race you are or what gender it’s hard no matter what. You just have to make the best out of life and go on with it.
You can’t blame your race or other races or a gender for your problems since most problems are brought on by our own doings.

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