Small business needs money to get off the ground and also to run their operations. The words sound simple and easy however the fact is that getting the money is not easy and also the challenge lies in interest payments and repayments. If your business is not off the ground very easily then it can be tough to service the repayments. This is typically true from the minorities in country who need to be integrated into the mainstream.
Government takes several steps each year to make sure that disadvantage people do not get left behind. There are a couple of ways they do it and one of the primary ones is to make sure that they do have enough money to get into business and make a decent living. That decent living will give them an opportunity to be at par with common people.
The minorities general targeted for grants are the African Americans, Indian Americans, Hispanics and Asian Americans. Women from certain socio economic backgrounds also are included in the minority list.
Now each state government will have a list of programs that they will assist with grants. What that means is that even within the minority groups there will be focussed assistance programs and businesses which will be given grants.
Now when you apply for the grants you will need to have a business plan and a proper proposal ready. You may need to seek professional help for the preparation of the grant proposal if you are really serious about making money. Also check each year what the state government minority programs are as they are more than likely to change the assistance programs. You can get grants that cover legal fees or assistance with college tuition fees. In fact millions of dollars of grants for small business is available for women especially with emphasis on entrepreneurship studies and grooming the women.