If you were able to qualify for one of the minority business loans and grants funding programs, then you would be able to utilize funds for what ever your small business needs were . Each of the minority business loans and grants programs have their own guidelines and criteria that must be met. However many minority successful business people have utilized the funding programs to expand their business by increasing their employees, or by buying equipment and supplies for example.
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You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.
There are business loan/small business funding opportunities through the Canadian government grants and loans programs for small business funding. Individuals that are interested in a …Read Full Answer