How do I apply for a small business loan? A Special loan for women or minority businesses.
Generally you would apply for a small business loan at a bank or other traditional lender. For most lenders, you will need to invest 25-30% of the project amount and also provide a business plan and financial projections for the venture. You will also be required to provide copies of personal and/or business tax returns. A personal statement of net worth is quite often required as well. These requirements apply to all applicants, regardless of race or gender. The NSBDC’s counselors can guide you in the creation of your business plan and provide valuable assistance in finding sources of funding which fit your needs. Many workshops and training sessions are designed to provide this type of assistance as well. A great deal of guidance and information is also available from our online documents resource.
