Minority Business Loan Project Offers Micro-Loans To Minority and Women Business Owners
Columbus, OH (PRWEB) April 27, 2009 -- An organization called the Minority Business Loan Project (www.MinorityBizLoans.com) is helping minority and women entrepreneurs (African Americans, Hispanics, Asian Americans, Native Americans, and women of all ethnicities) get access to micro loans to help fund their existing or newly started businesses.
Essentially the organization is a network of responsible lenders that specialize in helping entrepreneurs get short term loans and cash advances of up to $1,000 to sustain their cash flow.
Applicants must be over the age of 18, must have an income of at least $1,200 a month for the past 6 months or more, and must be willing to provide valid banking information, so they can verify that you have a checking account. Those who qualify include: aspiring entrepreneurs, existing entrepreneurs, home business owners, network marketers, etc.
According to the U.S. Small Business Administration, in 2002, minorities owned approximately 18 percent of the 23 million U.S. firms. That's nearly 4.2 million minority-owned businesses. Of that number, 1.2 million are Black-owned firms and 1.6 million are Hispanic-owned firms.
Despite these figures, it's been reported that minority firms generate a lot a less in annual revenue and are more likely to go out of business in their first 5 years of existence, than their white counterparts. Additional research reveals that minority firms are also less likely to be approved for business loans, business credit cards, and business lines of credit.
The Minority Business Loan project aims to offset those disadvantages. The micro-loans are made to those qualify, and can typically be approved within 24 hours.
For more details, visit:
http://www.MinorityBizLoans.com
# # #
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
|
 |
 |
Minority Loans: Small business, schooling, personal loans.
When it comes to obtaining minority business loans. It it important to consider of few things first. If you are a minority is there any government grants or minority small business loans available? Also what type of loan are you interested in?
Resources for minority loans & grants.
There is a great need for minority loan programs which can help jump start many new businesses, currently there are several minority loans & grants available. Many of these minority loans & grants help excelerate growth of minority businesses and provide a greater percentage of success for minority business owners. A few of the best resources are the Minority Business Development Agency (MBDA). Besides information on funding, the MBDA offers great advice for any minority small business which is lookinf for a loan.
Aside from minority loans, there is the National Minority Supply and Diversity Council (NMSDC) they can provide a direct link between corporations and minority businesses, which can help a minority start-up get running.
New Vista Asset Management and Fannie Mae Partner to Turn Foreclosures Into Homeownership Opportunities for Minorities
New Vista Asset Management and Fannie Mae are teaming up to market foreclosures as affordable housing for minority families. The initiative is part of New Vista's strategy to prevent further erosion of homeownership rates in minority neighborhoods that have been devastated by recent foreclosure trends.
New York & New Jersey Minority Supplier Development Council's Business Opportunity Expo 2008 Hits Manhattan from June 2-3
New Jersey Governor Jon Corzine and Commissioner John Egan of the New York State Office of General Services to Open Trade Fair on Tuesday, June 3
Expo Examines Methods for Minority Business Owners to Network to Bigger Profits
Features Dr. Randal Pinkett of "Apprentice" and Special Green Construction Symposium
Financing Your Franchise: SBA Loans
Financing is one of the most confusing, and often frustrating, aspects of opening a franchise. Some franchisees pay cash, others take out home equity loans or tap into their retirement savings.
SBA, SBA Loan, SBA Loans
SBA Loans
The New York & New Jersey Minority Supplier Development Council's Business Opportunity Expo 2007 Hits Manhattan from June 11-12
Newark Mayor Cory A. Booker and The Pursuit of Happyness author Christopher Gardner will be keynote speakers at the Expo. This annual event is considered New York City's top conference on major private, public and foreign-owned firms outsourcing to minority businesses. Over 700 executives from New York and New Jersey's top minority-owned businesses and major private, public and foreign owned corporations will be in attendence for two days packed with educational workshops, luncheons, networking receptions and a major trade fair.
|
 |
|
