Last Updated on August 7, 2022 by Danielle McDonald
Minority and women owned small businesses, as well as disadvantaged businesses in Arkansas can receive financial assistance. Several free grants from the government are available that will pay your bills, and low-interest or interest-free loans in your area. There is money for start-ups and small businesses. However, the funds are geared towards women owned businesses, Black or Latino companies, veterans, and others who have limited access to other sources of funds.
Banks, the state of Arkansas or federal government, non-profits, or other lenders offer free grants and/or loans. Below is a list of assistance programs. The majority of financial assistance is provided to women and minority business owners in Little Rock, Fayetteville, or Hot Springs. However, financial help and free mentoring are offered throughout the state, even near you. You can also find workshops, free mentoring resources from volunteers, corporate programs, and other business services.
Low Cost Business Loans and Free Grants for Arkansas
This is a list of financial assistance from loans and free grants, counseling, advice, and other resources in Arkansas in your area. There are government programs, corporate donations or resources, and non-profits with a focus on assisting women, veterans, and minorities.
There are no no specific grants for women owned businesses.
Ongoing, Year Round Resources
Arkansas Community Foundation has several offices all over the state. They provide a number of services to assist small to mid-sized businesses in Arkansas in starting and/or growing. Moreover, they work in conjunction with lenders, non-profits, and organizations like Building Black Communities. They aim to provide financial assistance, counseling, advice, technical support, and other services. Business assistance is just one of the resources provided.
This is unlike any of the Free Grants and Loans for Minority and Women Owned Businesses in California.
The Startup Junkie offers assistance programs, such as 0% interest Kiva loans in Arkansas. This regional non-profit assists entrepreneurs, people with small to mid-sized businesses, and people with business ideas. They provide Capital through the loans. There is also a science and technology center, workshops on business development, free consulting, and many more. Furthermore, they prioritize women, veteran, and minority owned businesses. You may also get help with a Kickstarter campaign, or pro-forma financial projections.
This is similar to the Free Grants and Loans for Minority and Women Owned Businesses in Arizona.