Minority Business Loans »
Minority business loans are loans made to businesses or commercial enterprises that are owned exclusively or predominantly by individuals of a minority background. Minority business loans include a variety of different types of loans including, minority small business loans, minority large business loans, small business loans for minority women and small business loans for minority men. In order to qualify for minority business loans, the applicant will need to comply with the requirements of the lender, which will include a requirement that the business is majority owned by an individual of a minority background. Some lenders will require that the applicant is a business or commercial enterprise owned exclusively by individuals of a minority background. Some minority business loans may also include requirements that the business or commercial enterprise be physically located in a designated, predominantly minority occupied, neighborhood. Minority small business loans may be available, depending upon the lender, to individuals in the process of starting a minority owned business or may have a requirement that the minority owned business have been in operation for some certain period of time. Minority business loans, including minority small business loans, are available from a variety of sources, including commercial banks, finance companies and government and quasi-government entities. Additionally, certain non-profit entities whose purpose is the advancement and support of certain minority groups may have small business loans programs available for minority owned businesses that meet certain criteria.
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