Minority Business loans

Working capital loans

The Minority Business Development Agency (MBDA) is the only federal agency created specifically to foster the establishment and growth of minority-owned businesses. MBDA provides funding for a network of Minority Business Development Centers (MBDCs), Native American Business Development Centers (NABDCs), and Business Resource Centers (BRCs) located throughout the country. The centers provide minority entrepreneurs with personalized assistance in writing business plans, marketing, management and technical assistance, and financial planning to secure adequate financing for business ventures.

The MBDA doesn't offer any financing itself, but its national network of minority business development centers, Native American business development centers and business resource centers have relationships with local lenders.

Before lenders will grant a small business loan, they need to ensure that the loan will be repaid. Every loan is a risk, but banks and brokers want to take as little risk as possible. They look for businesses that show promise, and they award loans to businesspeople who have solid personal and business financials.

That is where Advance Funds Network comes in…

Advance Funds Network offers the minority business owner products and programs that would not be available through the MBDA or SBA programs.

We can approve and fund your business with the cash it needs, from $5,000 to $3,000,000, within 3-7 business days. By providing an alternative to a small to large business loan, we offer these unique benefits including working capital loans for minority business owners as well.

SMART, FAST AND FLEXIBLE MINORITY BUSINESS LOANS:

SMART

No Personal Guarantee

Non-Collaterallized

Bad or Poor Credit - No Problem!

3 out of 4 Businesses decide to do business with us again


FAST

Cash within 5 Business days

Pre-approval within 24 hours

Apply in 3 minutes

FLEXIBLE

Business Expansion/Remodeling

Marketing or Advertising

Slow or Seasonal Periods

Emergencies

Pay Debt/Taxes

Anything You Can Imagine

When deciding whether or not to issue you a minority business loan, lenders may look at gross annual sales or revenues, checking account balances, profitability, and the length of time you have been in business.

Advance Funds Network takes into account is your cash flow.  Period.

Here is some additional information for Minority Business Loans and Working Capital Loans for Minorities.

Currently, in the US, Ron Langston, Assistant Secretary of Commerce under the Bush administration, has been very dedicated to the growth of minority businesses and appreciates the special needs that a minority may face in making the transition to entrepreneur. Toward that end, have a look at the upcoming Minority Enterprise Development Conferenceand the Web site for the Minority Business Development Agency (MBDA). Besides information on funding, the MBDA site offers a wealth of good advice for any small business, minority or otherwise.

While the SBA does not set aside any loan funds specifically for minority business owners, many of its certified lenders are sensitive to minorities' needs when making loans. Wells Fargo (nyse: WFC - news - people ), for one, has pledged to lend $9 billion to Latino, African America and Asian businesses by 2012. And despite the SBA's colorblind policy, over a third of all SBA-backed loans disbursed in fiscal 2006 went to minorities.

Minority business owners should also take note of the SBA's 8(a) Business Development Program. Socially and economically disadvantaged businesses people who qualify for the nine-year program receive education and training, as well as access to government contracting opportunities. No loans are made, but in fiscal 2005, 8(a) companies won $10.5 billion in government contract money.

Outside the government, there are a number of national organizations dedicated to helping out minority small-business owners. Accion USA, a subsidiary of microlending giant Accion International, is the largest small-business lender of its kind in the U.S., making loans ranging from $500 to $25,000.

The National Minority Supplier Development Council matches more than 15,000 minority-owned businesses with 3,500 corporations who want to purchase goods and services from them. The council also offers loans to participating small businesses through its Business Consortium Fund. Also of note: The National Urban League's Urban Entrepreneur Partnership, which has a $127.5 million fund set up to lend to qualified business owners in its program.

Entrepreneurs should also check out ethnic-specific lending organizations like the U.S. Hispanic Chamber of Commerce, whose Capital loan program has made a commitment to lend more than $1 billion over the next five years to small businesses in high-growth Hispanic markets. For Native Americans, South Dakota-based First Nations Oweesta Corporation also makes loans, but only to qualified Native community development financial institutions who then go on to lend to individual Native American entrepreneurs.

Look locally, too. The Brotherhood Business Development & Capital Fund provides small business loans to underserved communities in South Central Los Angeles. On the East Coast, there is Harlem's Upper Manhattan Empowerment Zone that lends to businesses in that neighborhood.

Remember that, no matter who you turn to,  you need a good understanding of your business' needs. Don't borrow too much: Your business will eventually have to be able to pay back those loans and stand on its own.

Call now to speak with a Loan Specialist at 888-310-3110 available from 9am to 7pm EST.  Thank you for considering http://www.advancefundsnetwork.com/

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