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The 2026 Guide for Grants for Minority Business Owners
For minority business owners, navigating the competitive landscape of entrepreneurship can come with unique challenges. Fortunately, there are numerous grants available in 2025 designed to support and uplift businesses run by individuals from historically marginalized communities. These grants not only provide vital funding but also offer resources and connections that can transform small businesses into thriving enterprises.
Understanding Minority Business Grants
Minority business grants are financial resources offered to individuals identifying as Asian, Black, Hispanic, Latino, Pacific Islander, Native American, or multiracial. These grants are typically focused on promoting diversity, equity, and inclusion in the entrepreneurial ecosystem. Unlike loans, grants are non-repayable, meaning recipients gain access to funds without the burden of repayment, which makes them highly valuable for startups and growing businesses.
Grants can be used for a variety of business purposes, including starting a new business, expanding operations, purchasing equipment, or launching new product lines. While competition for these grants can be stiff, the rewards are often well worth the time and effort required to apply.
Top Small Business Grants for Minorities
Here are 10 standout grants minority business owners can explore in 2025:
NAACP Black-Owned Business Grants
The NAACP, in partnership with Hello Alice, offers grants that support Black-owned businesses. Criteria and funding amounts vary, so keep an eye on their website for new opportunities and regular updates.
GrantWatch
GrantWatch offers a comprehensive database of available grants for minority businesses. By selecting “BIPOC” (Black, Indigenous, People of Color) and “small business” filters, users can find grants tailored to their needs.
Galaxy Grants
Women and minority entrepreneurs looking for a simple application process will find Galaxy Grants appealing, with opportunities like $4,250 to grow their business. Keep checking their website for additional funding chances.
First Nations Development Institute Grants
Designed to uplift Native American entrepreneurs, these grants can support small business projects, education, and innovation. Check their website regularly for program updates.
IFundWomen Universal Grant Application
This platform connects women entrepreneurs, including minorities, with corporate-sponsored grants. Additionally, recipients gain access to a supportive coaching community.
Amber Grant
Named to honor Amber Wigdahl, this grant program offers $10,000 monthly awards to women-owned businesses, along with an annual $25,000 prize for further expansion.
Comcast RISE
Focused on media, marketing, and technology support, the Comcast RISE program helps minority small businesses with critical tools to grow and succeed in a competitive marketplace.
FedEx Small Business Grant
Each year, FedEx awards up to $50,000 in grants to small businesses, including minority-owned enterprises. Winners also gain access to FedEx Office credits and business-related services.
LegalZoom and NBA “Fast Break for Small Business” Grant
Offered by LegalZoom and the NBA, this program provides $10,000 grants and $500 LegalZoom service credits to help minority-owned businesses address legal and operational needs.
Asian Women Giving Circle Grant
This grant supports Asian-American women working on projects combining arts and social change, offering up to $8,000 for innovative initiatives.
How to Apply for Minority Business Grants
Applying for a grant takes preparation and a clear strategy. Here’s how you can set yourself up for success:
Review Eligibility Requirements
Ensure that your business aligns with the grant’s criteria, including ownership, industry, and location-specific requirements.
Prepare a Strong Business Proposal
Most grants require a detailed plan outlining how funds will be used, the impact on your business, and your long-term vision.
Gather Supporting Documents
Have essential files like tax returns, revenue history, an EIN (Employer Identification Number), and bank statements ready.
Submit Applications
Take time to accurately and thoughtfully complete each application. Even minor omissions could disqualify you.
Additional Resources
Looking for more? Here are some valuable tools for finding and utilizing grants effectively:
This government-backed platform offers a searchable database of thousands of federal grant opportunities.
- The National Minority Supplier Development Council (NMSDC)
NMSDC connects minority businesses with corporate members, pushing forward economic inclusion and funding.
- USDA Rural Business Development Grants
Perfect for businesses in rural areas, these grants fund agriculture, health care, and housing-related projects.
Final Thoughts
Grants for minority business owners in 2026 represent opportunities to grow businesses with confidence. These resources help level the playing field by shifting access to capital and providing crucial support. While applying requires effort, the potential to secure non-repayable funding is invaluable.
Don’t wait—start researching and applying today to bring your business goals to life. If you’re not sure where to begin, platforms like GrantWatch and resources like IFundWomen can serve as excellent starting points.
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