Overview
Access to capital remains one of the biggest challenges for Black entrepreneurs. This guide covers funding sources specifically designed to support Black-owned businesses.
Types of Funding
Grants (No Repayment Required)
- SBA Community Advantage Loans
- Minority Business Development Agency (MBDA) Grants
- Local and state-specific programs
Loans
- Community Development Financial Institutions (CDFIs)
- SBA Microloans
- Credit Union business loans
Equity Investment
- Black-focused VC firms (Harlem Capital, Backstage Capital)
- Angel investor networks
- Accelerator programs with funding components
Tips for Success
- Prepare your financials — Have clear records and projections
- Tell your story — Investors fund people, not just ideas
- Start local — Community organizations often have the best first-step funding
- Apply broadly — Don't put all eggs in one basket
Resources
Visit our Resources section for direct links to funding opportunities.