Minority SBA Loans

There is a common mis-perception that minority loans are not profitable for small business loan lenders.  This is 100% not true.  According to the Kauffman foundation, minority small business loans can be very successful for lending institutions with am average net return of $1 million dollars per investment.  Along with women business owners, minority owned small businesses are the largest growing sector is the United States.

Minority owned small businesses are one the of the largest growing sectors in the United States

Many government and private associations put funds aside each year for funding minority owned small businesses.  The Minority Business Development Agency (MBDA) is the only government agency 100% dedicated to the growth and success of minority owned small businesses.  The MBDA provides funds to a network of Minority Business Development Centers (MBDC’s), Native American Business Development Centers (NABDC’s), and Business resource Centers (BRC’s).  All of these centers have a focus of consulting minority owned business owners in the areas of business plan writing, financial planning, technical assistance, growth marketing, and entrepreneurship so they can one day become fund-able small businesses.

The Small Business Administration (SBA) does not offer grants to start or grow a small business however, they do guarantee loans up to $250,000 dollars.  You can visit one of your local SBA offices to find out what you need to be approved for an SBA loan.  SBA loan requirements are pretty strict and require that you have a good business credit score with all three business credit reporting agencies, have a professionally written business plan, and a business loan application with proper financials.  Without these items it is going to be quite difficult to prove to a lender that you are a low risk small business borrower.

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Let a professional SBA certified business plan writer create your business plan

Wells Fargo and Bank of America have been known to be the nations top minority small business loan lenders.  Before you do anything try to visit one of your local Wells Fargo or Bank of America’s and see what their guidelines are to be approved for a minority SBA loan.

Lastly, another good funding resource for minority owned businesses are the small business investment companies (SBIC’s).  These are privately owned companies monitored by the SBA and offer venture capital and debt financing solutions for minority owned small businesses.

How to Get $250,000 in Business Credit for Your EIN That’s Not Linked to Your SSN

During this 70 minute live-training you’ll discover how to build credit that’s linked to your EIN and not your SSN that requires no personal guarantee or credit check… and how to get business loans and credit lines even if you have personal credit issues, no collateral, or are just starting your business.

You’ll uncover…

What business credit really is… and how it can be obtained linked only to your EIN with no personal credit check or personal guarantee required for approval

How to get real vendor credit you’ll want and can use immediately after the training using your EIN… and how to get HIGH-LIMIT store credit cards within 90 days or less at most major stores

How to get started today and quickly build a business credit profile and score that you can use to fund your business with credit cards, loans, and credit lines

How you can get very high-limit CASH, Visa and MasterCard business credit cards… per SBA limits on these cards are typically 10-100 times higher than consumer limits

A look at actual business credit approvals similar to what YOU can get approved for quickly… see for yourself real approvals for $8,000, $10,000, $15,000, even multiple with $50,000 approvals that you can also get approved for following the steps in this webinar

5 things you must do to initially start a business credit profile and score… and how you can get business credit even if you are just starting your company and even if it’s out of your home.

Which business entity you should obtain to truly eliminate your personal liability… so you don’t expose your personal assets and keep you and your family’s finances safe and secure

How to fill out your credit and funding applications the RIGHT WAY… so you’ll meet credit issuer approval standards before you even apply to get immediate automated approvals

3 BIG mistakes people make that get them denied for credit when they apply… and how you can avoid these pitfalls to get approved

3 ways to get funding that your bank does NOT offer and will NOT tell you about… and how to get approved as a startup, with no collateral, or even if you have personal credit issues

How banks have their own credit score for your business… and how to easily get a top bank credit score to make you a HIGHLY lendable candidate so you can get low rate loans and credit lines

How to get access to business credit, loans, and credit lines when you need them at the best rates possible… and how to do so with concierge service from top business advisors and finance officers

How you can make money offering business credit and financing as a service… as well as getting money and credit for your business.

And much more

During this one show you’ll get every detail you need to build your business credit and get loans and credit lines for your business.

Whether you are just getting started in business, have no collateral, lack cash flow, or are established and looking for the most money and credit at the best terms… this special one-of-a-kind webinar is for you!

Do you want to make money offering business credit and financing? Check out this link to discover how you can earn big commissions offering business credit and financing services for your customers