• There are resources available that aid Hispanics in starting their own businesses.hispanic businessman image by Ryan Shapiro from Fotolia.com
  
  In the United States, the official definition given by the federal government of a Hispanic or Latino person is one who is of a Mexican, Puerto Rican, South or Central American or other Spanish culture, disregarding the race to which he belongs. There are grants available from the government as well as private funds available for Hispanics in need of financial assistance to start up businesses.
  
  

Government Funding

• The government has funding programs that offer loans at a nominal interest rate, or no interest rate (which is much less than the market interest rate) so that Hispanic business owners might buy furniture, land and other items with fixed costs necessary for their businesses. Free consultancy services like managerial assistance, business analysis, and other forms of business counseling are also often provided.
  
  Those interested in applying for funding have to ensure that they meet the necessary qualifications to be eligible for a grant. They have to make sure that their businesses are profitable, that they will be conducted in the United States, and that they meet all the requirements set by the federal government for small businesses.
  
  

New USA Funding

• New USA Funding specializes in helping Hispanics find grants to assist them in starting a business. Whether you are a registered citizen or not, you can register for free on the New USA Funding website (see references) for a complete list of grants available.
  
  

Hispanic Grants

• Hispanic Grants is a company dedicated to helping Hispanics obtain grants in all fields of life, including education and business start-ups. Hispanic Grants requires the applicant to have a business before she applies for the grant, as well as an outlined business plan. Grants may require the applicant to prove that she is capable of returning the loan, and also that she has a credible image in society.
  
  

NASBIC

• NASBIC provides grants to minority-owned businesses because the organization believes in the investment of businesses that are solely owned by minorities. NASBIC primarily invests in businesses that serve ethnically diverse markets.