Another nonprofit lender to examine is Kiva. This business, constructed on a personal lending model, enables as much as $10,000 in no-interest funding for competent small businesses.

First, you have to have a tiny network of one’s relatives and buddies to give cash for your requirements, after which you can pitch your business concept to Kiva’s system of 1.6 million loan providers in order to get extra funding.

6. Union Bank Business Diversity Lending Program

If you’re looking for minority-specific business resource, Union Bank is yet another good selection to think about. They provide loans and business lines of credit mainly for minority-owned people.

The items reduce severe lending requirements than traditional Union lender home business loans and are also opted for for minority small business owners who want to have that loan as high as $2.5 million. Read more