HOW DO YOU APPLY FOR A MINORITY BUSINESS GRANT?

For a grant, you can try the SBA, Small Business Administration. This is a government agency for small businesses. Grants are hard to come by, but this would be the best place to look for them.

As for a loan under your circumstances, you can also try SBA through a bank. If the bank can get the SBA to back you, then the bank will loan you the money because if you default the SBA will cover the banks losses. Again, you will need to have everything in order and a solid plan to get the SBA to help.

Another option is you can try social lending. This is where you ask for a loan and tell what for, in your case to open a business. Then, lenders (other people with money) will give money to you with the agreement that you will pay it back over time. This works because you are probably needed a large sum of money. WIth social lending, it doesn’t have to come from one place which makes it easier to get. You might have 80 people contributing to get you your money. Luckily, you don’t have to manage paying back 80 people. You pay back the loan to one source, the lending site. Also, since this is a loan rather than a businesss investment, you get to keep 100% ownership of you business. Here is the site I use,
https://secure.lendingclub.com/landing.action?referrer=samoan3d . It is free to sign up, so you don’t have to worry about a catch. If you sign up, and you don’t think it is for you, then you haven’t lost anything. But if it works for you, then you got your business! Good luck.