|
Organization |
Description |
Type |
$ Limit |
|
ACCION USA |
ACCION USA provides Mciro-loan financing to small businesses
(often minority and women owned businesses). They provide
funding in the amount of $500 to $50,000 to small businesses
who otherwise could not obtain financing from a bank
due to business type, a
short length of time in business, or an insufficient credit
history. Loans include Business Loan (up to $50,000);
Start-up Loan (up to $30,000) and Transition Business Loan
(up to $30,000). Terms include up to 60 months repayment
period with interest rate ranging from 8.99% to 15.99% and a
3% to 5% closing cost. |
Micro Loan |
$500 - $50,000 |
|
Business Consortium Fund (BCF) |
The Business Consortium
Fund, Inc. (BCF), is a non-profit business development
program of the National Minority Supplier Development
Council. Dedicated to providing minority small
business funding. |
Loan |
|
|
Diamond Ventures |
Diamond Ventures is a venture capital firm that is based in
Atlanta, GA. Their focus is in financing and developing
relationship opportunities with minority or women firms that
are involved in government contracting, and diversity
suppliers to the Fortune 500 |
Venture
Capital |
|
|
Dream It Ventures |
Dreamit Ventures and Comcast interactive Capital team up to
run the Minority Entrepreneur Accelerator Program (MEAP).
The aim of the program is to finance and mentor start up
minority companies to grow. They provide up to $25,000 in
financing. Currently the program is offered in New York and
New Jersey. |
Loan |
Up to $25,000 |
|
Monroe Capital |
A
venture capital company that invest in minority and women
owned businesses with an income of at least $3 million.
Invest in companies that are in a broad range of
industries. Money can be used for re-capitalization,
refinancing, acquisition and expansion. |
Venture |
|
|
National Minority Business Council (NMBC) |
Offers equity financing to small minority and women owned
businesses in the range of $2 million to $10 million.
However, your organization must have at least $3,000,000 in
revenues and must have been profitable in the past year. |
Loan |
$2 million - $10 million |
|
Phenomenelle Angel Funds |
An early stage fund that invests in women and minority owned
or managed businesses in Wisconsin and the Midwest. Their
focus is in Information Technology, BioTechnology/Life
Sciences, Clean Technology, Consumer Goods/Services and
Communications. |
Angel |
|
|
Union Bank |
Offers "Business Diversity Lending Loan" specifically
designed to assist woman-, minority-, and/or veteran-owned
businesses with their financing needs. |
Loans |
$2.5 million |
|
Urban Ventures |
Focus on early stage and expansion stage financing of
minority technology companies. They participate in the
nurturing and developing of the company. |
Angel |
|
|
USDA Minority and Farmers & Ranchers Targeted Loan Program |
The USDA targeted loan
fund is geared towards women, African-Americans, Alaskan
Natives, American Indians, Hispanics, Asians, Native
Hawaiians and Pacific Islanders. |
Loan |
|
|
Wells Fargo Latino Small Business Loans |
Provides loans in the amount of $100,000 and above as a lump
sum or revolving credit. Use for on going operations, buy
real estate or to buy equipment. Up to 5 years repayment
plans. Most do not require collateral. |
Loan |
$100,000 |
