Establish a Women or Minority-Owned Business

You’re a woman or other minority who wants to start a small business. And to do that, you need a loan. Many government organizations and businesses offer funds and assistance designed to help you succeed. For example, the Minority Business Development Agency (MBDA) is a federal agency created to support the development of minority-owned businesses. The agency provides funding for Business Resource Centers (BRCs), Minority Business Development Centers (MBDCs), and Native American Business Development Centers (NABDCs). The centers provide assistance with marketing, management, financial planning to secure loans, and other business areas. In addition to government organizations, many banks are minority- and woman-friendly, including Bank of America and Wells Fargo.