How the SBA funds, empowers and mentors entrepreneurs of color

A few beloved establishments, including Tea’s Me Cafe and Kountry Kitchen, recently hosted a special visitor: Administrator of the Small Business Administration (SBA) Isabel Guzman. As part of the SBA’s tour to small businesses in Indy, Guzman met with local entrepreneurs to discuss the vital role the organization plays in supporting minority-owned businesses. The SBA has long been a cornerstone for small businesses across the U.S., providing critical support to ensure their success and sustainability. For minority entrepreneurs, who often face additional hurdles such as limited access to capital and networks, the SBA’s assistance can be transformative. Despite the hurdles many entrepreneurs of color often face, minority-owned businesses are leading the charge. “This is an incredible time for small businesses during the Biden-Harris Administration,” Guzman said. “We have seen a small business boom, which has been sustainable, and it is specifically being driven by women and people of color.” One of the primary ways the SBA supports minority entrepreneurs is through access to funding. The SBA offers a range of loan programs designed to meet the diverse needs of small businesses. For many minority-owned businesses, these loans are essential for starting, maintaining, or expanding their operations. Programs like the SBA...