Accessing capital shouldn’t be a hurdle for minority entrepreneurs. In 2026, several federal and private programs have expanded their reach to support diversity in the business world. Here are the top 5 options:
- SBA 8(a) Business Development Program: Provides essential training and technical assistance.
- MBDA Capital Centers: Focused specifically on minority business growth.
- Community Development Financial Institutions (CDFIs): Lenders that offer lower rates for underserved communities.
- Accion Opportunity Fund: A great choice for small business microloans.
- Grants.gov: Search for specific federal grants that don’t require repayment.
