Hispanic-owned small businesses can apply for a grant from RBDG for up to $500,000 if they serve an eligible rural area and have fewer than 50 workers. The funds must benefit regions that lie outside the “urbanized periphery” of a population center of 50,000 or more. Smaller requests seem to receive higher priority than larger ones.

These grants provide funds for training, land purchase, construction, renovation, feasibility studies, pavement and parking areas, technical reports, distance learning, and capitalization of revolving loans. The state offices of the USDA’s Rural Development program accept applications once a year.

By doing your own additional research on these and other grants, you’ll be able to secure the funds you need for your small business.