Business Grants

Hispanic Business grants are becoming increasingly available for Hispanics who are looking to establish their own company, whether this be a commercially operated business for profit, or a charitable society, or outreach program. Hispanic Business grants are more significant and more powerful than simply a cash injection into a company because not only do they open doors and allow for more business opportunities, but they also help to minimize the degree of risk to the entrepreneur. Many newly founded businesses are founded with the input of a loan, and given the significant amount of money required to even have a basic shell of a business operative, banks and financial lenders will want some collateral to secure the loan.

The most valuable asset that the entrepreneurs will have in their ownership will typically be their home, and whilst the value of the property will allow them to secure for themselves a higher amount of a loan, this means that in the event of default, i.e. non payment be it for whatever reason then the collateral is forfeited. This means that most small business entrepreneurs are gambling with their homes because there is simply no way to predict if a business will be successful, regardless of the preparation and planning the entrepreneur makes, the chance of failure is always present. This is why business grants are so powerful because they help to offset this crucial risk so often undertaken by many an entrepreneur, meaning that should the business fail, then it is just the business that will fail and nothing more.

Often, Hispanic entrepreneurs fall into the fallacy of thinking “if my house is at risk if I do not pay, then I will make sure that I pay the loan off”. The terms of the average loan require monthly installments to be repaid, and whilst the entrepreneur may give these a top priority, this is an expense upon the company and so places a strain on a monthly basis. Loan repayments mean less money for the satisfaction of the debts of the company, less money to buy stock, to train staff etc. The business has to adapt and make do with more limited resources, and given the need for a new business to advertise itself and make it successful in marketing terms every penny counts.

One of the most common reasons for the insolvency and subsequent liquidation of a company is a limited cash flow, i.e. unable to pay debts when they arise. Having to pay monthly installments is a sure-fire way to limit the cash flow of a business, and so business grants give newly founded companies a fighting chance of survival. The initial period of establishing itself, creating a solid reputation and attracting consumer loyalty is always the most trying time of any company and so anything that can help offset the pressures prevalent during this time is a positive step.

Business grants are not easy to acquire however, they are something to be earned rather than awarded, so make sure you develop a solid, professional and articulate business plan so as to ensure the greatest chances of success. Don’t give up, make sure to be persistent in your applications and learn from your mistakes. You patience, diligence and tenacity will eventually pay off, and if you have that sort of drive, you will surely succeed in business!

Are business grants available to you? Discover how to secure your share of free money from Hispanic Business Grants.

17 Comments on "Business Grants"

  1. Anne Marie Ramirez | January 12, 2011 at 4:58 am |

    I am in the beginning stages of trying to figure out a business proposal. I know what it is I am wanting to build, but need assistance in putting it together along with funding. Can you help?

  2. My company is a Limited Partnership owned by a Hispanic War Veteran. Where can I learn more about available grants?

  3. Yolanda Bello | April 16, 2011 at 11:51 pm |

    Please forward information to Yolanda regarding grants available for Hispanic American women opening a bakery restaurant in mid-central USA. Having had a business in arts for 30 years the doll industry has now shifted to other memorabilia and I find myself in need of starting another business. I am looking for seed money for equipment and building, in the form of grants.

  4. I would like to know how i can i get a grant to open up a Store?? It going to a place where you can get your plates for your car get insurance send money and pay your bills??Can some one help me??

  5. I’ve Been cooking all my life with our family business. I found a great opportunity to open my own Restaurant. I have bad Credit but need a grant for this great opportunity. How do i APPLY?

  6. israel segovia | January 5, 2012 at 1:30 am |

    please provide me with the names and addresses where I can apply for small business grants to open up a business in the dallas texas area. I appreciate your help in advance.

  7. Isabella Cotto | January 31, 2012 at 2:03 am |

    Im hispanic women who’s very motivated to open my own salon, all I need is $15,000 to get started, I have my clientel my staff and my layout.
    There is nothing more important to me then the financial future of my family and for this there is nothing that I would not accomplish.
    So if theres anyone out there that could help I would greatly appreciated.
    Thank you

  8. Hello, I am a married Hispanic business woman with 3 children and I have been running my business out of my home for the past 5 years. I am looking at going into a storefront and working on a business plan. I’m finding that startup costs can be up there along with a sign. Can you please send me some information to see if I can qualify for any help? Thank you!

  9. Mike Alvarado | October 16, 2012 at 5:40 am |

    I want to start a small business. I’m looking into opening a small vending restaurant. I want to know the steps into getting a grant.

  10. Hi. I am starting a small-medicum agricultural pecan tree orchard/plantation. I own the land and have been purchasing pecan trees. I will also be selling pecan and other trees. I have already planted pecan trees on my land. I am searching for grants, ways to purchase farming equipment, how to manage crop sales/marketing, how to determine wages and any tax implications. Your guidance would be appreciated.

  11. HI, I am a Latina that just opened a online retail store and I am trying to and would like to open a front store, is there any available grants for inventory and rental. I have an EIN and also already register with the state I reside in as well as my state tax id

  12. Alejandro Hernandez | June 29, 2020 at 4:53 pm |

    Hi, I am a Hispanic, war veteran trying to start a lawn care business and need additional funds to begin. All I need is about 10,000 dollars and I am looking for ways to help me. thanks

  13. Hi
    I am a latina with my own solo beauty business, due to covid shut downs I am struggling to stay afloat, are there any grants that can help me to still stay in business. I am still required to pay rent, which has amounted to several thousands. I am in the beauty biz that we were considered the last phase. Please any info will help.

  14. Jose David Guadalupe | July 17, 2020 at 4:23 am |

    Hi. I am disabled Army veteran and started my trucking company in the midst of the Covid-19 pandemic to help with emergency relief. I currently own 1 semi and 1 trailer which i got 2 personal loans to purchase. My company is thriving quickly and need to either payoff the loans or get money to purchase more equipment and hire drivers to keep up with the demand. I really need the help.

  15. JANICE DE LEON | August 19, 2020 at 2:49 pm |

    My friend who is a makeup-artist and I are looking to create a makeup line. We are both hispanic women and would like a grant to help us out.

  16. I don’t think anyone helps a Latino woman minority. So I’m NOT expecting anyone to answer I’ve been applying for so long that I’m ready to give up. The type of business we do nobody does it at least here local. But I guess we have to close our doors. So much we’re here for the minority?

  17. Filiberto H Ortiz | March 6, 2021 at 1:41 pm |

    Single hispanic father wanting to start some kind of business so i can work a schedule around my daughters life.

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