Best Small Business Grants for Minorities in 2023

Learn about small business grants for minorities. Find organizations that provide grants for minorities and info on where to find financial help.

Updated on December 28th, 2022

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Small business grants for minorities are various amounts of seed money awarded to entrepreneurs from minority groups to help them start or expand a small business.

Best Small Business Grants for Minorities:

Grant Provider

Grant Amount

FedEx Small Business Grant Contest


Native American Business Development Institute (NABDI) Grant


Minority Business Development Agency (MBDA)

Up to $300,000

Community Programs to Improve Minority Health Grant Program

$275,000 - $500,000

National Association for the Self-Employed (NASE) Growth Grants


Native Language Immersion Initiative

Up to $90,000

LendingTree Small Business Grant


The USDA Rural Business Enterprise Grant Program

$10,000 - $500,000

8(a) Small Business Program

Up to $6,500,000

Small Business Innovation Research & Small Business Technology Transfer Programs

$150,000 - $1,000,000

If you're interested in small business loans, take a look at Small Business Loans - Best Lenders and Loans.


How do I apply for a small business grant for minorities?

  1. Get certified as a minority-owned business.
  2. Prepare your business plan.
  3. Research the different grants available and their requirements.
  4. Prepare necessary documents and complete application.
  5. Make sure you have applied before the deadline.

How do I get a grant to start a small business?

This depends on the grant program you're interested in applying for as each program has its own eligibility rules and requirements. Most programs will ask you to submit an application form online, but before you do this, make sure that you are eligible for the grant.

Are there grants for minority businesses?

Yes. The Minority Business Development Agency (MBDA) offers grants up to $300,000 and Native Language Immersion Initiative offers grants for up to $90,000.

Who qualifies as a minority owned business?

  1. Minority owners that manage the day-to-day operations of the business.
  2. Minority owners who retain a majority - no less than 51% - of the business's “voting equity”.

What are small business grants for minorities?

Every year, the government and various organizations award interest-free seed money to socially and financially disadvantaged entrepreneurs to help them start or grow their business. These grants are also known as small business startup grants for minorities.

Who qualifies for small business loans or grants for minorities?

The United States recognizes seven minority groups within the country:

  • African-Americans.
  • Hispanic and Latino Americans.
  • Native Americans.
  • Asian Americans.
  • Native Hawaiians.
  • Inuit and Alaska Natives.
  • Arab and other Middle Eastern Americans.

Where can I get a small business loan for minorities?

You can try Fundbox or StreetShares. Learn more about small business loans for minorities.

Are there federal grants for minorities starting a small business?

Yes. is a great resource to search and apply for federal grants for small business minorities. On this site, you'll find over 2,000 programs offering small business administration grants for minorities totaling $500 billion in annual awards.

Where can I find the NJ small business grants for minorities?

Aside from, the State of New Jersey website lists a number of programs and grants which you can apply for.

Where can I find the small business grants for minorities in Georgia?

There are hundreds of small business grants available in all states. If you're a woman entrepreneur, be sure to read our article on the best small business grants for women.