Running a small business as a Latino entrepreneur brings unique challenges. Between juggling work, family, and often a community that relies on you, funding becomes a major hurdle. While loans and investors are options, grants are better—because they’re funds you don’t need to pay back.
Here’s a look at the top grants for Latino small businesses. Read on to find one that fits your business needs.
1. Hispanic Heritage Foundation’s LOFT (Latinos on Fast Track) Business Grant
- Amount: Varies
- Who’s eligible: Latino entrepreneurs and small business owners
- How to apply: Apply online
- Why it’s worth it: Supports fast-growing businesses, making it ideal if you’re scaling quickly.
2. Grants.gov
- Amount: Varies
- Who’s eligible: Various categories, including minority-owned businesses
- How to apply: Search and apply on Grants.gov
- Why it’s worth it: The government offers billions in grant funding each year—find ones that fit your business.
3. Comcast RISE Investment Fund
- Amount: $10,000
- Who’s eligible: Latino and minority-owned small businesses
- How to apply: Online application
- Why it’s worth it: Includes not just cash but marketing resources, tech upgrades, and expert consultations.
4. LISC-Latino Economic Development Center Grants
- Amount: Varies (up to $75,000)
- Who’s eligible: Latino-owned businesses across the U.S.
- How to apply: Apply on LISC’s website
- Why it’s worth it: LISC supports underserved businesses to help them survive and thrive.
5. NASE (National Association for the Self-Employed) Growth Grants
- Amount: $4,000
- Who’s eligible: Latino and minority-owned small businesses
- How to apply: Must be an NASE member; apply here
- Why it’s worth it: Supports business growth, like funding new equipment, marketing, or product launches.
6. National Minority Supplier Development Council (NMSDC) Business Consortium Fund
- Amount: Varies
- Who’s eligible: Minority-owned businesses, including Latino-owned
- How to apply: Certification through NMSDC is required; learn more here
- Why it’s worth it: NMSDC certification connects you with major corporations.
7. SBA 8(a) Business Development Program
- Amount: Varies
- Who’s eligible: Minority-owned businesses, including Latino-owned
- How to apply: Certification and application through SBA
- Why it’s worth it: Access to government contracts—a huge opportunity.
8. Visa’s Hispanic Small Business Grant Program
- Amount: $10,000
- Who’s eligible: Latino small business owners
- How to apply: Apply online
- Why it’s worth it: Provides financial support and mentorship for Latino entrepreneurs.
9. IFundWomen Universal Grant Application
- Amount: Varies
- Who’s eligible: Women entrepreneurs, focusing on minority-owned businesses
- How to apply: Submit one application
- Why it’s worth it: Matches applicants with multiple funding opportunities—like a grant dating app.
10. United States Hispanic Chamber of Commerce Foundation (USHCC) Grants
- Amount: Varies
- Who’s eligible: Latino-owned businesses
- How to apply: Check the USHCC website for specifics
- Why it’s worth it: USHCC supports Hispanic businesses with funding and connections.
11. Hello Alice Small Business Grants
- Amount: Varies
- Who’s eligible: Latino-owned small businesses
- How to apply: Submit your application on Hello Alice
- Why it’s worth it: In addition to grants, Hello Alice offers year-round resources and support.
12. Tory Burch Foundation Small Business Grant
- Amount: $5,000 plus access to a fellowship program
- Who’s eligible: Latina and minority women entrepreneurs
- How to apply: Apply online
- Why it’s worth it: Includes mentorship and valuable resources beyond just money.
13. The Fearless Fund
- Amount: $10,000 to $20,000
- Who’s eligible: Latina and minority women entrepreneurs
- How to apply: Online application
- Why it’s worth it: Cash, mentoring, and networking opportunities.
14. Nav’s Small Business Grant
- Amount: $10,000
- Who’s eligible: Any small business, including Latino-owned
- How to apply: Create a free Nav account, then apply
- Why it’s worth it: Nav helps you manage your business credit while offering grants.
15. The Amber Grant for Women
- Amount: $10,000 monthly + $25,000 annual grand prize
- Who’s eligible: Latina and minority women entrepreneurs
- How to apply: Apply online
- Why it’s worth it: Focuses on the passion behind your business rather than paperwork.
16. Hispanic-Latino Business Grant by the Coalition to Back Black Businesses
- Amount: $5,000
- Who’s eligible: Hispanic and Latino small business owners
- How to apply: Apply online
- Why it’s worth it: Helps businesses impacted by economic hardship.
17. The New Voices Fund
- Amount: Up to $100,000
- Who’s eligible: Latino women entrepreneurs
- How to apply: Apply online
- Why it’s worth it: Provides capital and mentorship specifically for minority women.
18. Black Girl Ventures Pitch Competition
- Amount: Up to $10,000
- Who’s eligible: Black and Brown women entrepreneurs, including Latinas
- How to apply: Pitch your business live or virtually
- Why it’s worth it: For those who can present their vision in front of investors.
19. Facebook Small Business Grants Program
- Amount: $4,000 ($2,500 cash, $1,500 ad credits)
- Who’s eligible: Latino and minority-owned businesses
- How to apply: Apply on Facebook’s Small Business Program
- Why it’s worth it: Includes cash and ad credits for business growth.
20. Fast Break for Small Business by LegalZoom and the NBA
- Amount: $10,000
- Who’s eligible: Latino and minority-owned small businesses
- How to apply: Online application
- Why it’s worth it: Cash plus legal services for compliance.
21. The Latino Business Action Network (LBAN) Grant
- Amount: Varies
- Who’s eligible: Latino-owned businesses with growth potential
- How to apply: Online application through the Latino Entrepreneurship Initiative
- Why it’s worth it: Offers cash, training, mentorship, and investor connections.
Final Thoughts
Grants are out there—you just have to look in the right places. Whether it’s cash, mentorship, or networking, there’s support available for Latino businesses like yours.
