But several programs and services do exist to assist with the process of opening up new opportunities for business loans for minorities and to help them join the business world. They include the National Minority Business Council, Inc. The National Minority Business Council was established in 1972 with the goal of helping more minorities become engages in the world of business and more easily qualify for business loans for minorities.

This non profit group of minority business people provides training and education as well as seminars and workshops on all aspects of business with a special focus on business financing and getting access to business loans for minorities. One of their most successful programs is a mentorship program that matches successful business people with new business owners to help them get started off on the right track to success. The National Minority Business Council is committed to more minority business owners becoming even more successful and allowing all Americans to participate fully in the growth and prosperity of our national economy.

Another source of assistance to minority led businesses is the Minority Business Development Agency. This federal government agency provides support and assistance to minority businesses by focusing on the key elements of training, technology, and of course business financing. Although the Minority Business Development Agency does not have funding of its own to provide for business loans for minorities it does have an extensive referral service that can help minority businesses follow up on grants and loans from other agencies of government. It also helps minority owned businesses get registered to be able to compete in the lucrative government contracts market.

Banks and other lending institutions are being encouraged by all levels of government to open their access to funding for business loans for minorities. This means that at least many of them are open to listen. A minority business owner who is seeking financing should be well prepared and have a solid business plan to present to the bank in seeking business loans for minorities. They should also come to any meeting with the lenders with references from the business and community leadership, and most importantly be confident of their success in business.

The owners of these businesses should also as much as possible try to clean and polish their personal financial resume before applying for business loans for minorities. Banks like to know that their business loans for minorities are going to people who already have their own personal financial credibilit