Funding Options for Minority

Owned Small Businesses

In 2020, almost 20% of small businesses in the USA were minority-owned. Regardless of your business size or industry, you can outshine your competitors and expand your minority-owned enterprise with up to $500,000 in working capital from ASAP Capital in just 24 hours.

Funding Options for Minority

Owned Small Businesses

In 2020, almost 20% of small businesses in the USA were minority-owned. Regardless of your business size or industry, you can outshine your competitors and expand your minority-owned enterprise with up to $500,000 in working capital from ASAP Capital in just 24 hours.

Easy and Quick Small Business Funding for Minorities

Lack of working capital and limited cash flow are common challenges for minority-owned businesses. Sometimes, an infusion of working capital is essential to overcome industry challenges, surpass competitors, and seize growth opportunities. However, many minority-owned businesses struggle to secure the necessary funding from traditional lenders. Even when approved, traditional loans often come with lower amounts, higher interest rates, and shorter terms.

With a simpler application process, faster turnaround, and flexible approval requirements, ASAP Capital can provide funding to more minority-owned small businesses in as little as one business day. We offer various types of small business funding for minorities, ranging from $3,000 to $500,000. We fund all industries, including healthcare, medical practices, law firms, retail stores, business services, restaurants, and more.

Minority Small Business Funding Rates

Most alternative funding options for minority-owned small businesses use a factor rate instead of a traditional interest rate. Factor rates are straightforward decimal figures that indicate how much "extra" you will owe on the original loan amount and are determined based on your risk assessment.

Easy and Quick Small Business Funding for Minorities

Lack of working capital and limited cash flow are common challenges for minority-owned businesses. Sometimes, an infusion of working capital is essential to overcome industry challenges, surpass competitors, and seize growth opportunities. However, many minority-owned businesses struggle to secure the necessary funding from traditional lenders. Even when approved, traditional loans often come with lower amounts, higher interest rates, and shorter terms.

With a simpler application process, faster turnaround, and flexible approval requirements, ASAP Capital can provide funding to more minority-owned small businesses in as little as one business day. We offer various types of small business funding for minorities, ranging from $3,000 to $500,000. We fund all industries, including healthcare, medical practices, law firms, retail stores, business services, restaurants, and more.

Minority Small Business Funding Rates

Most alternative funding options for minority-owned small businesses use a factor rate instead of a traditional interest rate. Factor rates are straightforward decimal figures that indicate how much "extra" you will owe on the original loan amount and are determined based on your risk assessment.

Minority Owned Small Business Funding Solutions

Our approachable and knowledgeable Funding Advisors will collaborate with you to identify the best funding option to help you reach your goals without straining your business’s cash flow.

Minority Owned Small Business Funding Solutions

Our approachable and knowledgeable Funding Advisors will collaborate with you to identify the best funding option to help you reach your goals without straining your business’s cash flow.

How to Utilize Minority Small Business Funding

There are no restrictions on how you can use alternative small business funding for minorities. These funds are particularly ideal for supporting growth initiatives that will boost your business’s revenue, such as:

Hiring staff to expand services and take on more business

Purchasing new equipment or technology

Renovating or remodeling your space to create a more comfortable environment

Expanding your business or acquiring another business

Building a new website or enhancing your existing online presence

Purchasing raw materials or inventory in bulk at lower prices

Investing in continuing education and training

Boosting your marketing and advertising efforts to attract more customers

Sometimes, minority-owned businesses may also require a quick infusion of working capital to address the unique challenges of their industry, such as:

Meeting changing client and customer needs

Standing out from competition in your niche

High cost of equipment or raw materials

Skilled labor shortages and employee turnover

High cost of repairing appliances or equipment

How to Utilize Minority Small Business Funding

There are no restrictions on how you can use alternative small business funding for minorities. These funds are particularly ideal for supporting growth initiatives that will boost your business’s revenue, such as:

Hiring staff to expand services and take on more business

Purchasing new equipment or technology

Renovating or remodeling your space to create a more comfortable environment

Expanding your business or acquiring another business

Building a new website or enhancing your existing online presence

Purchasing raw materials or inventory in bulk at lower prices

Investing in continuing education and training

Boosting your marketing and advertising efforts to attract more customers

Sometimes, minority-owned businesses may also require a quick infusion of working capital to address the unique challenges of their industry, such as:

Meeting changing client and customer needs

Standing out from competition in your niche

High cost of equipment or raw materials

Skilled labor shortages and employee turnover

High cost of repairing appliances or equipment

How Small Business Funding for Minorities Works

APPLY

Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.

CHOOSE FUNDING

A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.

GET FUNDED

Once you and your Funding Advisor agree on the best funding solution for your business, funds can be approved and deposited within 24 hours.

SET REPAYMENT

Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.

How Small Business Funding for Minorities Works

APPLY

Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.

CHOOSE FUNDING

A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.

GET FUNDED

Once you and your Funding Advisor agree on the best funding solution for your business, funds can be approved and deposited within 24 hours.

SET REPAYMENT

Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.

Are You Eligible for a Minority

Small Business Loan?

The most promising candidates for minority-owned small business funding are those who clearly understand how much funding they need, how it will be used, and how they plan to repay it.

Qualification requirements vary depending on the type of funding you're seeking. Approval for small business funding from ASAP Capital is not solely based on your credit score or financial history. Instead, we consider the overall health of your business, including:

Business revenue

Cash flow management

History of payments to vendors

Duration of business operation

Publicly available records

Are You Eligible for a Minority Small Business Loan?

The most promising candidates for minority-owned small business funding are those who clearly understand how much funding they need, how it will be used, and how they plan to repay it.

Qualification requirements vary depending on the type of funding you're seeking. Approval for small business funding from ASAP Capital is not solely based on your credit score or financial history. Instead, we consider the overall health of your business, including: