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How Do You Get A Minority Loan?

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How Do You Get A Minority Loan?

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Going into business is a worthwhile endeavor that can be as difficult as it is rewarding. For women and ethnic minorities, there are special programs in place that will help to address those difficulties and set entrepreneurs on their way towards successful business ownership. Minority business loans are designed specifically to help establish diversity in business and encourage the growth of both ethnic minorities and women business owners. Assess how much money you need. If you don’t already have a business established, consider what type of business you are starting and what the costs will be. There are several ways to determine what your financial needs may be. Speak with people who are familiar with the type of business you plan on starting, such as suppliers or other people who have successfully started a business similar to yours. Set up an appointment to speak with a local Service Corps of Retired Executives (SCORE) counselor who has experience with starting your particular typ

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