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Wish’s $500 to $2,000 grants for minority-owned businesses can cover rent, inventory costs and more. Eligible U.S. businesses must be black-owned and have no more than 20 employees, an annual ...
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion. Over 3. ...
4. Rural Business Development Grants. The United States Department of Agriculture operates the Rural Business Development Grant, which awards money to businesses that seek to develop operations in ...
Take a look below to find all the options you have to get small business financing, including banks and alternative sources like crowdfunding. 1. Bank loans. Who it’s best for: Businesses with ...
Signed into law by President Donald Trump on April 24, 2020. Paycheck Protection Program and Health Care Enhancement Act ( H.R. 266) is a $484 billion law that increases funding to the Paycheck Protection Program and also provide more funding for hospitals and testing for COVID-19 . The bill passed the Senate by voice vote on April 21, 2020.
Key takeaways. There are several alternatives to LLC loans from traditional lenders, including business lines of credit, business grants and peer-to-peer lending. Some alternatives like merchant ...
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