Business loans for minorities

Quick approvals and funding

Borrow up to $275,000

No early repayment charges

Applying is free and will not affect your credit score
Chrystina Morteo used her line of credit to open a new location.
Dr. Thy Nguyen uses his funds to invest in marketing campaigns.
Mike Marquez used his line to purchase safety equipment.
Business term loan dashboard


Our office will be closed from 2:00 PM Friday, December 22 through Tuesday, December 26 to celebrate the holidays.

Financing for minority-owned businesses

Idea Financial supports diversity in business through our lending and lines of credit.

Take control of your working capital

Expand your business, open new locations

Purchase equipment and inventory

Get the perfect business loan

Idea Financial provides low APR business loans to minority-owned and run companies. Our easy application process and quick approvals mean we can get you the funding you need to grow your small business

Borrow up to $275,000

Quick approvals

Loans & lines of credit available

Business advisors on hand to help

How to apply for a business loan?

We make applying for a loan quick and easy. To start just click the apply now button in the upper right-hand corner of the screen. This will take you to our 3 step application form.

Step 1 is all about your business. The information we ask for allows us to understand your company as well as get some basic data for our checks. 

Step 2 is about you. We need information on the owner of the business to ensure we can perform our due diligence. This is very basic information and it should not take long to complete. 

Step 3 is a financial review. We ask for some general financial information to understand your ability to afford a loan as well as help us gauge risk.

Who is eligible?

We offer loans to most businesses that meet our basic acceptance criteria including financing for veteran owned businesses. These criteria are:

You must have a personal credit score of 650 or higher. This helps us manage risk so we can keep our APR low. 

Your business must earn at least $15,000 in monthly revenue. This helps ensure you will be able to afford repayments as well as shows your business is stable. 

You can not be a sole proprietorship or non-profit entity. We are not currently able to offer loans to these types of businesses. 

You must have been in business for at least 2 years. This shows you have a stable business that has a track record of success.

How long does the loan process take?

At Idea Financial, we work very hard to keep the loan process as short as possible. We understand that minority-owned businesses face a variety of challenges and we do not want cash flow to be one of them. That is why we work fast to get you your money. 

Once you have filled out the short application, it is sent directly to our experts for review. If they do not have any questions or problems, we can send you a loan offer and get you your money rather quick. 

What can the loan be used for?

Our business loans are available to minorities and women and can be used to cover most expenses incurred by your company. If you are thinking of expanding your operations, the loan can be used to buy new equipment. If you want to open a second location, the money can go towards that. You can even buy inventory with our financing to help you get a bulk buy discount. 

We understand that every business is unique and having the ability to quickly access capital allows you to keep your business running well. As such we impose as few restrictions on our loans as possible. 

If you have specific questions about how you can use our financing, please contact one of our dedicated business advisors.

What if I have questions about my loan?

If you have questions, our dedicated business advisors are ready to help. They work with our customers to provide quality service as well as advice. 

You can also find the answers to some more commonly asked questions on our FAQ page. 

The third option is to fill out the form on our contact page. No matter which option you choose, we will do our best to make sure you get the answers you need.

Can I take more than one loan?

You can take out multiple loans from Idea Financial if you need them. If you are interested in applying for a second loan you must have paid off at least 50% of your initial financing. 

To get a second loan just fill out our application and our experts will come back to you with options. 

If you have specific questions you can speak to our business advisors. They can help you navigate any issues you may be having.

Apply for a commercial line of credit or business loan now

Apply in minutes

Save time with our fast, cost-free application process.

Get approved

We'll offer the best working capital solution for your business.

Fund your business

Withdraw the funds you need, when you need them.

Apply online or call us at: (855) 900-7838

Applying is free and will not affect your credit score

We fund businesses that have:

2 or more years in business

$15,000 or more in monthly revenue

650 or higher personal credit score

Not a sole proprietorship or non-profit entity

Our customers think we are excellent!

Business advisor


Business advisor


Business advisor


Grow your business with dedicated business advisors

Call us at (855) 900-7838

Applying is free and will not
affect your credit score