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February isn’t just about celebrating Black history–it’s about honoring the past, the present and investing in the future. Throughout this month, business and community organizations recognize the significant contributions of Black communities and their immense power in business. This is why we’ve compiled a select list of grant programs that small business owners can take advantage of during Black History Month and beyond.
In 2022, Small Business Majority, in partnership with Support Latino Business and Modern Woodmen Fraternal Financial, awarded critical funding to three Latina business owners through their annual #SupportSmallBiz grant program. The grant program bridges the gap in small business funding for Hispanic and Latino businesses, which often face challenges and systemic barriers in getting the capital and resources they need to start, grow and expand their enterprises.
In the United States, nearly 1 in 4 new businesses is Hispanic- or Latino-owned. And while they make up almost 10% of all businesses in the country, these businesses also faced the brunt of revenue loss and business closures during the COVID-19 pandemic. Below you’ll find grant and loan programs that are working to increase access to capital for Latino and Hispanic businesses.
The U.S. Small Business Administration (SBA) is providing additional measures to accommodate COVID Economic Injury Disaster Loan (EIDL) borrowers who are experiencing short-term financial difficulties. The program, known as the Hardship Accommodation Plan, allows eligible borrowers to make reduced loan payments for six months.
Tight profit margins and recent workforce shortages have made it a struggle for childcare providers to keep their doors open. This is why access to funding is critical to help childcare providers in Colorado start, maintain and grow their businesses. We have compiled a list of grant opportunities and incentives available to childcare providers in Colorado.
We have compiled a list of grant opportunities available to Latino and Hispanic businesses in celebration of 2022 National Hispanic Heritage Month, which spans from September 15 to October 15.
Grants provide critical funding for small businesses that may need additional capital to start or grow their businesses. To celebrate Black History Month, we have compiled a list of grant opportunities available to Black entrepreneurs to help them grow their businesses and recover from the pandemic.
More than a year and a half into the pandemic, many small businesses are unsure if they will be able to recover after fighting to stay above water and accruing crippling debt.