google-site-verification=wFTO6NGSiI0l-ojNSn5RdV_AJgdJgb-SuGSD5oZ_dYg Minority Loans | conextnow.com

minority 

loans

What is a Minority loan?

Because minority-owned small businesses have specific challenges, minority loans were created to help address their specific needs. 

who can qualify for a minority loan?

A minority group can be defined by a number of different factors, including race, religion, gender, sexual orientation and more. Which group qualifies for a specific loan is dependent on the loan itself. For example, The National African American Small Business Loan Fund offers financing to African American small business owners. It further stipulates that loans are only open to “Chicago, Los Angeles, and New York Tri-State area small businesses with enormous interest and success”.

where can i get a minority loan?

According to recent studies, “the number of minority-owned SMBs grew to 11.1 million in 2017”. With that segment of the small business community growing so rapidly, it’s no surprise that many banks, investment groups and advocacy organizations now offer some form of minority loan service. Below are just a few examples of minority loans as well as groups that offer them:​

The National African American Small Business Loan Fund
Available to African American businesses in the New York, Los Angeles areas

 

Business Center for New Americans Loans
Available to business owners previously turned away by other banks for a variety of reasons

Minority and Women Revolving Loan Trust Fund Program
Available to women and minority business owners in New York
 

Business Consortium Fund
Available exclusively to NMSDC certified minority businesses

37 Angels
Women-funded investment group that is open to all applicants but favors minority- and female-owned businesses

You can also try looking into your state and local governments. Just as many towns and cities offer tax breaks and special financing options to small business and start-ups, there are also a large number of areas offering similar incentives for minority-owned businesses.

THINKING ABOUT APPLYING FOR A MINORITY LOAN?

CALL US FIRST.

1-855-674-7787

Many small businesses think they need a loan - but there may be another way. Fill out the form below to get more info. 

CONEXT® may be your small business solution.

CONEXT® is not a lending product and we don’t run your credit score, require collateral, or charge APR/interest fees. With our Mobile Load and CONEXT® Visa® Prepaid Card, you can access the funds on your company checks in real-time at one transparent cost. This means if you are seeking a loan because of cash flow problems, for example, CONEXT® can expedite that cycle and give you the access you’re actually seeking - debt-free. 

Want more info? Call us at 1-855-674-7787 or click here to learn how CONEXT® is the right business solution for you. 

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PRIVACY POLICY

*Checks loaded are subject to approval when submitted via CONEXT® Mobile Load. Restrictions and rules apply. See Terms and Conditions for details. CONEXT® Mobile Load not currently available in New York.

 

The CONEXT® Mobile Load is available only to CONEXT® Customers. The CONEXT® program is managed and serviced by Mercury Service Group, LLC (“Mercury”); and the CONEXT® Mobile Load app is serviced by Wausau Financial Systems, Inc. Sunrise Banks N.A., St Paul, MN 55103 is not affiliated with this service. See Terms and Conditions for details about restrictions and details.

 

The CONEXT® Visa® Prepaid Card is issued by Sunrise Banks N.A., St. Paul, MN 55103, Member FDIC, pursuant to a license from Visa U.S.A. Inc. This card can be used everywhere Visa debit cards are accepted. Use of this card constitutes acceptance of the terms and conditions stated in the Cardholder Agreement. For domestic use only. This card is distributed and serviced by Mercury Service Group, LLC. For New York Residents: Mercury Service Group, LLC is licensed as a Money Transmitter by the New York State Department of Financial Services. 

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