Minority-Owned Business Loan Eligibility Calculator

Minority-Owned Business Loan Eligibility Estimator (U.S. Focus)

Business Basics & Structure

Is the business for-profit?

Yes No

Is the business located and operating primarily in the USA or its territories?

Yes No

Legal Structure of Business:

Does the business meet SBA size standards for its industry? Many loan programs require businesses to be classified as "small" by the U.S. Small Business Administration (SBA).

Loan Amount Requested ($):

Primary Purpose of Loan:

Ownership & Minority Status

Are the principal owner(s) claiming minority status U.S. Citizens or Lawful Permanent Residents?

Yes No

Is at least 51% of the business owned by individuals who identify with one or more of the U.S. defined minority groups?

Yes No

Which minority group(s) do the majority owner(s) identify with? (Select all applicable):

African American
Hispanic American
Native American (American Indian, Alaska Native, Native Hawaiian)
Asian Pacific American (East Asian, S.E. Asian, Pacific Islander)
Subcontinent Asian American (South Asian)

This information helps identify specific programs you might be eligible for. Definitions can vary by program.

Are the management and daily business operations controlled by these minority individual(s)?

Yes No

Financial & Operational Health

Years in Business:

Do you have a written business plan?

Yes No

Estimated Annual Revenue ($):

Is the business currently profitable?

Personal Credit Score of Principal Owner(s) (Estimate):

Does the business have any outstanding tax liens or unresolved judgments?

Yes No

Have any principal owners (20%+ ownership) declared bankruptcy in the last 7 years?

Yes No

Preliminary Eligibility Assessment

General Next Steps & Considerations:

If this preliminary assessment shows positive factors: Consider preparing a detailed business plan, gathering financial statements (past and projected), and researching specific loan programs (e.g., via the U.S. Small Business Administration (SBA) website, local Community Development Financial Institutions (CDFIs), or minority business development centers like MBDA).
If concerns were noted: Focus on strengthening those areas (e.g., improving personal/business credit, resolving any outstanding liens, developing a comprehensive business plan, or seeking mentorship).
Always consult directly with lenders or qualified business advisors for personalized guidance tailored to your specific situation.

This tool is for informational purposes only and provides a general estimation based on common criteria for U.S. based programs. It does not constitute financial advice or a guarantee of loan approval. Eligibility criteria, program availability, and definitions can vary significantly between lenders and loan programs.