Useful Business Resources
Learn more about some of the resources available for Small and Minority Owned Businesses to help business owners operate their business more efficiently and scale, especially amid the pandemic.
The Indiana SBDC is committed to creating positive and measurable impact on the formation, growth, and sustainability of Indiana’s small businesses by providing entrepreneurs expert guidance and a comprehensive network of resources.
The National Association for the Self Employed (NASE) Growth Grants Program allows business owners to apply for a grant useful for financing a particular small business need. Past recipients used their grant for computers, farm equipment, to hire part-time help, marketing materials and more.
Through the grants.gov site, business owners can view over 1,000 federal grant programs, conduct an in-depth search, learn about the application process and ultimately apply.
Accion is a nonprofit organization that provides loans, access to resources and connections to diverse business owners and entrepreneurs. Its application for minority-owned business loans is available on its site.
The Minority Business Development Agency (MBDA) is an agency of the U.S. Department of Commerce that aims to assist minority-owned businesses across the country.
It provides a number of grants and loans for minority-owned firms, including: the Entrepreneurship Education Program for Formerly Incarcerated Persons Grant, the Enterprising Women of Color Grant and the Minority Business Enterprise Inner City Innovation Hub Grant.
The Foundation for Business Equity’s Business Equity Initiative supports and provides funding for Black and Latinx business owners.
Throughout the Covid-19 pandemic, the FBE created a “response strategy team” to advise these businesses and created a “Covid-19 emergency fund” aimed to provide flexible loans and crisis response support teams to Massachusetts-based Black and Latinx businesses with revenues of at least $250,000.
The Local Initiatives Support Corporation (LISC) is a non-profit organization that aims to revitalize communities in need through its programs. It supports Black- and minority-owned businesses across the country through its Small Business Relief grant program, which will open for applications on August 31.
The National Minority Supplier Development Council (NMSDC) is a non-profit corporate membership organization that supports minority-owned businesses. The NMSDC has a grant program called the Business Consortium Fund, which is intended to support certified minority-owned businesses.
Backstage Capital is a venture capital fund that invests in women, people of color and the LGBTQ community. Its Entrepreneur Investment applications are viewed on a rolling basis.