Small Business Resources for Women Owned Businesses

Dan Jacob March 25, 2025 No Comments

Small Business Resources for Women Owned Businesses

Small Business Resources for Women (Including Minority-Owned Women Businesses)

Starting and growing a small business as a woman entrepreneur comes with unique challenges, but there are numerous resources designed to support women, especially those from minority backgrounds. From financial support to mentorship and educational programs, these resources provide valuable assistance to help women-owned and minority women-owned businesses succeed.

1. Financial Resources and Grants

Finding financial support can be one of the biggest hurdles for women-owned businesses. Thankfully, there are many grants, loans, and funding programs specifically geared toward women, with additional resources for minority women-owned businesses.

a. Amber Grant for Women

The Amber Grant awards $10,000 each month to a woman-owned business, with an additional $25,000 grant awarded annually.
Focuses on supporting women in a range of industries, from startups to established businesses.
Application: Simple application process with a short description of the business and goals.

b. Cartier Women’s Initiative

This global program awards grants of $100,000 to women entrepreneurs making an impact in their communities.
Open to women from all backgrounds and sectors.
Special Opportunity for Minority-Owned Businesses: Their inclusive approach provides additional visibility and resources for women of color and other minority groups.

c. Grants for Minority Women through the National Association for the Self-Employed (NASE)

NASE offers growth grants of up to $4,000 for minority-owned businesses.
Designed to cover the costs of marketing, training, and equipment.
Eligibility: NASE membership is required, but it’s a helpful organization for self-employed women.

d. Small Business Administration (SBA) Programs

The SBA’s 7(a) Loan Program and Microloan Program provide low-interest loans for women and minority business owners.
The 8(a) Business Development Program offers business training and government contracting opportunities for socially and economically disadvantaged business owners.

2. Educational and Mentorship Programs

Educational resources and mentorship are essential for helping women entrepreneurs develop skills, access valuable insights, and build confidence.

a. SCORE: For Women Entrepreneurs

SCORE is a non-profit resource partner of the SBA offering free mentorship, workshops, and webinars tailored for women-owned businesses.
Provides access to a vast network of mentors with expertise across various industries.
Specialized Support for Minority-Owned Businesses: SCORE’s diverse network includes mentors who are dedicated to supporting minority women business owners.

b. Women’s Business Centers (WBCs)

WBCs offer counseling, workshops, and funding advice to women entrepreneurs. With over 100 centers nationwide, they provide support tailored to the unique challenges faced by women in business.
Many WBCs have specific programs and resources for minority women, covering everything from business planning to marketing and finances.

c. National Minority Supplier Development Council (NMSDC)

NMSDC helps minority-owned businesses gain exposure and access to corporate clients and supply chains.
They offer certification, networking events, and access to corporate members looking to diversify their suppliers.
Eligibility: Must be a minority-owned business; their certification is often a key credential for accessing larger contracts.

d. Minority Business Development Agency (MBDA)

The MBDA, an agency within the U.S. Department of Commerce, provides business consulting, financing assistance, and contract opportunities for minority-owned businesses.
Their Enterprising Women of Color Program specifically supports women entrepreneurs of color with training and access to capital.

3. Networking and Support Organizations

Networking is essential for growing a business, especially for minority women who may benefit from additional support and community connections.

a. The National Association of Women Business Owners (NAWBO)

NAWBO is a national organization that advocates for women-owned businesses, providing networking events, mentorship programs, and business resources.
They have an active network with resources that cater to women from diverse backgrounds, including advocacy for minority women business owners.

b. Black Women’s Business Collective (BWBC)

BWBC offers networking, resources, and support specifically for Black women entrepreneurs.
The organization provides grants, online support, business training, and a community of women with shared experiences.
Resources for Business Growth: BWBC offers group coaching and connections to capital, making it a valuable network for Black women business owners.

c. Women’s Business Enterprise National Council (WBENC)

WBENC provides certification for women-owned businesses and offers networking opportunities, supplier diversity programs, and support for gaining corporate contracts.
Their certification is widely recognized and can be particularly beneficial for minority women looking to work with larger companies.
Special Programs for Minority Women: WBENC offers additional resources and programs that promote diversity and inclusion in business.

4. Online Communities and Digital Resources

With more digital tools and communities available than ever, women entrepreneurs can access support from virtually anywhere, helping them connect with others in similar situations and gain industry insights.

a. Facebook Groups and LinkedIn Communities

Groups like Women Helping Women Entrepreneurs and Minority Women in Business on Facebook offer a space to share resources, get advice, and find inspiration.
LinkedIn has many communities, such as Minority Women Entrepreneurs and Women-Owned Businesses, that provide networking opportunities and business tips.

b. IFundWomen

IFundWomen is a fundraising and coaching platform specifically for women-owned businesses, offering crowdfunding opportunities and access to business grants.
They focus on providing capital for underrepresented women, including Black and minority-owned businesses, through IFundWomen of Color.

c. Women Entrepreneurs Finance Initiative (We-Fi)

We-Fi is a global organization that mobilizes funding for women entrepreneurs in developing countries, including minority groups.
They offer financial backing and technical assistance for women-owned businesses, particularly in underserved areas.

5. Government and Non-Profit Support Programs

Government agencies and non-profit organizations often have programs designed to help minority women start and grow their businesses.

a. The SBA’s Office of Women’s Business Ownership

Provides support and training through WBCs and helps women access capital, government contracts, and business counseling.
Many of these programs are designed to serve economically disadvantaged women, including women of color.

b. U.S. Department of Commerce – Office of Minority Business Enterprise

This agency offers resources, networking, and financial opportunities specifically for minority-owned businesses.
Their Enterprising Women of Color Program is tailored for women of color, offering support with business planning, accessing capital, and navigating challenges.

Conclusion: Empowering Women in Small Business

The resources available today empower women entrepreneurs, including those from minority backgrounds, to start and grow thriving businesses. Whether through financial support, mentorship, networking, or skill-building programs, these resources can make a real difference. Leveraging these programs, women business owners can not only strengthen their companies but also foster a supportive community that paves the way for future generations of female entrepreneurs.