Category: Minority Owned
U.S. Department of Agriculture Farm Service Agency (USDA): Socially Disadvantaged Farmers and Ranchers Loan
An SDA group is a group whose members have been subject to racial, ethnic or gender prejudice because of their identity as members of a group without regard to their individual qualities. These groups consist of American Indians or Alaskan Natives, Asians, Blacks or African Americans, Native Hawaiians or other Pacific Islanders, Hispanics and women.
Linked Deposit Program is available for existing businesses, including start-up. Borrower must be a certified minority or women business enterprise. To learn about the certification process, contact The Office of Minority and Women’s Business Enterprises, (360) 704-1193, or go to OMWBE’s website.
SBA Microloan fund. Funds can be used for equipment, furniture, inventory, manufacturing or technology-based production needs, working capital, commercial (not residential) real estate, franchises, contract financing, construction contractor receivables, or some cash flow restructuring.