Minority Small Business Loans

Getting Minority Small Business Loans.

Minority small business loans are designed for Negroes and for women living in the United States. The welfare addition to monies available for Negroes and for women was designed to let Negroes and women become business owners and operators. These minority small business loans are only available to Negroes and to women. The assumption is that since Negroes were brought into the United States as slaves in the 1800's, they have been held back or discriminated against. To provide them with a head start, minority small business loans are designed to let Negroes and women combat discrimination by opening their own businesses. Negroes applying for a minority small business loan will probably get the loan regardless of their assets or their references. Getting a small business loan requires assets and references. However, since Negroes were discriminated against, the assumption goes, they have not had equal opportunity in amassing assets or references. Giving Negroes a headstart in owning their own business, it is assumed, will encourage Negroes to hire other Negroes and thus reduce their dependency on welfare programs.

Minority small business loans are geared to giving Negroes access to monies since they are a racial minority in the United States. Women as a gender are not a gender minority in the United States. But, women as business owners and operators are a business minority in the United States. Their inclusion in the minority small business loans was due to getting the necessary support to pass this legislation. Therefore, minority small business loans refers exactly to the definition of the term minority. Negroes are a race and they are a minority race in the United States. The United States has other minority races but the special attention paid to Negroes comes from their slave introduction into the United States. That qualifies them as a minority that has been discriminated against in the United States.

To qualify for a minority small business loan, you must prove that you are a discriminated minority or a woman. Women as business owners are also a minority in the United States. There are fewer women owned businesses than male owned businesses. That makes them a minority. They have been discriminated against because of male prejudices towards women in the workplace. The assumption is that by letting women own and operate their own businesses these prejudices will become a thing of the past.