Скачать или смотреть Which SBA Lenders Work With Unique Minority Business Types? - Minority Business Success Experts

Which SBA Lenders Work With Unique Minority Business Types? Are you a minority entrepreneur looking for the right funding options to grow your business? In this video, we'll explore the various lenders and programs available to support minority-owned businesses in the United States. We’ll cover traditional banks and credit unions approved by the Small Business Administration (SBA), which often offer loans up to five million dollars for equipment, expansion, or working capital. You’ll learn how SBA guarantees make it easier for lenders to work with businesses that have limited credit history or collateral.

We’ll also discuss community-based lenders, including certified development companies and community development financial institutions, which focus on underserved areas and low to moderate income communities. Even though some programs have ended, lenders licensed as Community Advantage Small Business Lending Companies continue to provide similar support under the SBA 7(a) loan program. These lenders tend to be more flexible and understanding of the challenges faced by minority entrepreneurs.

Additionally, microloan intermediaries are highlighted as a great option for startups or small businesses needing smaller amounts of capital, often with personalized support and flexible terms. We’ll cover specific programs like U.S. Bank’s diversity lending initiatives and the SBA 8(a) Business Development Program, which offers technical assistance and better access to federal contracts.

Finally, we’ll share tips on how to approach lenders experienced in working with diverse entrepreneurs and resources like Small Business Development Centers, SCORE mentors, and Women’s Business Centers to help you prepare your application. Whether you’re just starting out or looking to expand, understanding your funding options is essential for success.

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About Us: Welcome to Minority Business Success Experts! Our channel is dedicated to supporting minority-owned businesses by providing essential resources and information tailored for minority entrepreneurs. We discuss a variety of topics, including access to capital for minority entrepreneurs, business grants specifically for minorities, overcoming barriers in business, and how to obtain minority business certification.