Business Funding for Minorities

Get the funding your business needs to succeed.

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The Business Backer is temporarily not accepting new applications.

Minority Business Loans

Minority business loans are a source of business funding offered exclusively to minority-owned businesses. Business loans for women are also often considered minority business loans.

Popular Types of Minority Business Loans

SBA loans are generally the most popular type of minority business loan. They’re backed by the government, so lenders can offer favorable rates and long repayment terms. Other business owners may be looking for grants, which do not have to be repaid. Certain community organizations, microlenders and nonprofits offer assistance for minority-owned businesses. Examples of popular minority business loans and programs include:

SBA 7(a) Loan Program

SBA 8(a) Business Development Program

SBA Community Advantage Loans

SBA Microloan Program

Business Consortium Fund Loans

USDA Business Loans

Business Funding Available Through The Business Backer

Although The Business Backer does not offer government-backed SBA loans or grants, there are three products available that can help minority business owners receive the funding they need.

Fixed amount up to $200,000

Revolving credit line up to $100,000 offered through our partner Headway Capital

Purchase of future receivables agreement up to $200,000

From Application to Funding in 3 Easy Steps

  1. Apply online.

    One of our experienced Funding Advisors will call you shortly.

  2. Receive a decision.

    Your Funding Advisor will help determine the best financing option after you submit 3 months of business bank statements.

  3. Receive your funds.

    Sign your contract and receive funds as soon as the same business day, if approved.*

Apply for Funding

The Business Backer is temporarily not accepting new applications.

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