Diversity Lending Programs
53 lenders with programs for diverse-owned businesses
Featured Lenders
All Lenders (20 of 53)
SBA Community Advantage Featured
Community Advantage Loans
Loan Amount: Up to $250K
8(a)
HUBZone
MBE
VBE
WBE
Bu
California Bank & Trust
Small Business Diversity Banking Program
Loan Amount: Up to $10M revenue businesses
LGBTBE
MBE
VBE
WBE
Frequently Asked Questions
What is diversity lending?
Diversity lending refers to specialized financing programs designed to support businesses owned by underrepresented groups including minorities, women, veterans, LGBTQ+ individuals, and people with disabilities. These programs often offer more flexible terms, lower rates, or reduced collateral requirements to help diverse businesses access capital.
What is a CDFI and how can it help my business?
A Community Development Financial Institution (CDFI) is a specialized financial institution focused on serving underserved communities and businesses. CDFIs often provide loans to diverse businesses that may not qualify for traditional bank financing, offering more flexible underwriting, smaller loan amounts, and business support services.
Do I need certification to access diversity lending programs?
Requirements vary by lender. Some programs require certification (MBE, WBE, etc.) while others only require self-certification of diverse ownership. Government-backed programs like SBA loans typically have their own eligibility criteria. Check each lender's specific requirements before applying.
What loan amounts are available for diverse-owned businesses?
Loan amounts vary widely depending on the lender and program. Microloans start as low as $500-$50,000 from CDFIs. SBA loans range from $500 to $5.5 million. Major bank diversity programs can provide credit lines and term loans from $100,000 to several million dollars for qualified businesses.