Although the streets of America have never actually been paved with gold, the pervasive dream of “making it big” here persists among newcomers. Thousands of successful American entrepreneurs weren’t born in the U.S., and there shouldn’t be a wall between immigrant and refugee entrepreneurs and business financing.

According to Fundera, 28 percent of all “main street” businesses are owned by immigrants. These businesses are the kinds of providers most people visit all the time – grocery stores, nail salons, restaurants, clothing and liquor stores and more. Nearly half of all business growth from 2000 to 2013 was due to immigrant business owners.



Related: The Immigrant Entrepreneurs Behind Major American Companies (Infographic)

If you’re an aspiring entrepreneur who doesn’t have a long financial history in this country, here are the funding sources you should know about.

Grants for Refugees and Immigrants
For immigrants who speak and write English well, there are grants to teach English as a second language on Grant Watch. Use the site’s search tool to look for grants specifically available to immigrants and refugees, or try the Office of Refugee Resettlement.

Look into micro-enterprise development or Wilson-Fish programs, the latter of which is an alternative model currently only available in 12 states (Alabama, Alaska, Colorado, Idaho, Kentucky, Louisiana, Massachusetts, Nevada, North Dakota, South Dakota, Tennessee, and Vermont) and a single county (San Diego County, Calif.). These programs concentrate in early employment and immigrant self-sufficiency.

Refugees and immigrants who are members of a minority (including women and Latinx entrepreneurs) can qualify for grants and loans from the... Read more here>>>https://www.successdigestonline.com/the-best-business-funding-options-for-immigrant-and-refugee-entrepreneurs/

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