Support programs for Latino entrepreneurs in the U.S.
Starting your business in the United States is usually very complicated due to all the barriers that arise, starting with the language issue. For this reason, the government and some other organizations began to provide some programs designed to support them on their way to success.
What are these programs?
- Small Business Administration (SBA) Programs: The Small Business Administration (SBA) is a governmental area focused on supporting all entrepreneurs in the country, which has several programs focused on those entrepreneurs who want to start their business, as well as to help them grow or make established businesses last.
Some of its most outstanding programs are: Loan Program, Microcredit Program, Business Development Program. These programs are special for Latino entrepreneurs, as they allow them to acquire financing for their business when they have complications in obtaining it in the traditional way, in addition they offer them technical assistance, business counseling and opportunities to compete for government contracts, which can be a great boost for their businesses.
2. Federal and State Grants: These are supports provided by the government and are famous because they do not require reimbursement for the support provided.
Visit the website: https://grants.gov/ where you will find all the programs available to apply for support.
3. Non-Governmental Organizations (NGOs): These organizations usually provide advice and training for entrepreneurs, as well as some financing opportunities.
*Accion: is a non-profit organization that provides loans and counseling to small businesses, specializing in small entrepreneurs.
*Hispanic Chamber of Commerce: offers resources and training programs specifically designed for Latino entrepreneurs.
Don’t forget that in order to access any of these programs, it is important to develop a business plan and make sure you fill out the calls for proposals properly, as this is a fundamental factor in order to obtain the support. Also, do not hesitate to seek advice from the organizations to develop your application.
Don’t let time pass and start enjoying the benefits they can provide you to grow your business.
