10 Small Business Resources for Black-Owned Businesses 

By Michelle Loredo

COVID-19 has affected all businesses across the country, but black business owners have been hit the hardest. According to Forbes, black-owned business owners face a decline in business of 41 percent versus their counterparts.  

To help counter this, the UH SBDC Network and our 14 different centers are here to help you with your business needs. We have put together 10 small business resources for black-owned small businesses. 

Acción International 

Acción International is a global nonprofit that aims to create a financially inclusive world for all business owners. They offer financial advising, investment in communities, partnerships with community partners and influence financial industry leaders to help communities. They aim to help small businesses improve their financial literacy and be competitive in the market.

Full Details Here: bit.ly/3smfD6E

Coalition to Back Black Businesses

The Coalition to Back Black Businesses is a grant initiative aimed to help black-owned businesses. It was created in Sept. 2020 to help black business owners that had been negatively affected by the pandemic.  

To qualify for the grant, your business must be at least 51 percent Black-owned, have three-to-20 employees, not be part of a corporation, or have 250 stores.

The grant is $5,000 and offers mentoring, enhancement grants and online business resources for long-term success. 

The application closes on Sept. 2021, and approximately 300 people will receive the grant. 

Full Details Here: bit.ly/30r81ns

Black Business Association (BBA)

The Black Business Association has advocated for Black business owners since 1970. It offers Black entrepreneurs networking opportunities, training, procurement, financial access and support.

Full Details Here: bit.ly/3t4O9Cz


Blax is a Black-owned business directory that helps find and connect with Black-owned businesses. To become a member and add your business, you can choose one of the three plans. Depending on the plan you choose, you will have different perks.

Full Directory Here: bit.ly/38lG1Wp

Black Owned Everything

Black Owned Everything started as an Instagram page that promoted Black businesses and has grown into a movement. It aims to “support Black-owned businesses, celebrate Black creators, and participate in an inclusive, unified community.” It concentrates on lifestyle, health, fashion and jewelry businesses.

You can apply to become part of the Black Owned Everything business marketplace.   

Application: bit.ly/3aNN3oC

Black Founders

Black Founders was founded in 2011 and aims to help black businesses gain success in the technology field. They provide mentorship, events and funding opportunities. They host HBCU hackathons and conferences.

Full Details Here: bit.ly/3rumj2q    

Official Black Wallstreet

Official Black Wallstreet aims to help you connect with your local Black-owned businesses, give Black owners exposure through high-quality listings. Becoming part of their listing can help you show on top of search results, better customer interactions and improve your sales.

Full Details Here: bit.ly/2PNCTML


DreamSpring is an award-winning non-profit that aims to increase access to credit and other financial opportunities to small business owners.  

It offers loans of up to $2 million at flexible rates and requirements.

Full Details Here: bit.ly/2OAaY22    

National Minority Supplier Development Council 

The National Minority Supplier Development Council aims to help minority-owned businesses by connecting them with corporations and helping them receive certifications.

Full Details Here: bit.ly/3boQ0fI   

U.S. Black Chambers 

The U.S. Black Chambers mission is to help support the African American Chambers of Commerce and Black businesses in the United States. They focus on advocacy, access to capital, contracting, training and local chamber development.  

Full Details Here: bit.ly/2OxkcMD


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