Minority Business Enterprise Centers for Minority-Owned Businesses
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The Minority Business Development Agency has designed the Minority Business Enterprise Centers to provide clients with management and technical assistance, and the same time prohibit them from providing the clients with loans and financial assistance.

The MBDA is will enter into cooperative agreements with eligible applicants and can provide funds ranging from $155,000 to $400,375.

Institutions or organizations will be considered eligible to operate a Minority Business Enterprise Center if they are of the following:

a) Nonprofit organizations

b) For-profit firms

c) State and Local governments

d) Native American tribes

e) Educational institutions

The Catalog of Federal Assistance has outlined that the beneficiaries of the Minority Business Enterprise Centers include Americans, Native Americans, Aleuts, Asian Indians, Asian Pacific Americans, Eskimos, Hasidic Jews, Puerto Rican, and Spanish-Speaking Americans who owns minority businesses.

The Department of Commerce, the primary agency funding the MBEC program, is the country's principal agency responsible for ensuring the growth and development of the economy and technological advancements through vigilance in international and domestic trade policies.

In the fiscal years 2006 and 2007, the Minority Business Enterprise Centers was able to assist 4,254 clients and obtain a minimum of $614,269,965 in combined financings and contracts.

Minority Business Enterprise Centers for Minority-Owned Businesses
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Minority Grants

Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.

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Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.

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Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

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Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.

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