M/WBE Financing & Loan Programs
| State | Is there a small business loan fund for MBEs/ WBEs, including the state DOT? Any other financing mechanism? | Is there a state loan guarantee program for MBEs/ WBEs? |
| Alabama | no, but the DOT helps broker loans and helps in capitalization through a joint venture program | no |
| Alaska | no, but links DBEs to USDOT loan programs | no |
| Arizona | no | no |
| Arkansas | no | no |
| California | no | no |
| Colorado | no | no |
| Connecticut | no | no |
| Delaware | no | no |
| District of Columbia | no, but DOT considering a loan program | no |
| Florida | They help broker loans, working with cooperating banks | There is a program for the state to provide collateral to help MBEs obtain a loan |
| Georgia | The DOT provides low-interest loans with sub-contract used as collaterol through a partner bank. | no |
| Hawaii | no | no |
| Idaho | no | no |
| State | Is there a small business loan fund for MBEs/ WBEs, including the state DOT? Any other financing mechanism? | Is there a state loan guarantee program for MBEs/ WBEs? |
| Illinois | yes, up to $50,000 through DCEO | no |
| Indiana | no | no |
| Iowa | no, but TSB firms are referred to state business startup funding | no |
| Kansas | no | no |
| Kentucky | no | no |
| Louisiana | no | no |
| Maine | no, but many loan and finance programs for small businesses include day-care revolving loan fund which primarily goes to WBEs | no, but M/WBEs are referred to the small business loan guarantee program |
| Maryland | yes, there is joint venture equity investment program and an M/WBE loan program | yes, there is a loan guarantee program |
| Massachusetts | It is in the process of developing one | no |
| Michigan | no | no |
| Minnesota | no | no |
| Mississippi | yes, there are two MBE loan funds | no |
| Missouri | no | no |
| Montana | DOT DBE is investigating financing program with minority-owned banks | no |
| State | Is there a small business loan fund for MBEs/ WBEs, including the state DOT? Any other financing mechanism? | Is there a state loan guarantee program for MBEs/ WBEs? |
| Nebraska | no | no |
| Nevada | no | no |
| New Hampshire | no | no |
| New Jersey | The state Econ Dev Authority has a small business loan funded with special outreach/asst to MBEs | no |
| New Mexico | no, but a $20 million micro-loan program is primarily targeted toward DBEs, for up to $100,000 for expansion or relocation | no |
| New York | yes, DOT has regional MWBE loan fund in Albany and state administers MWBE revolving loan fund through 18 local CDCs | no |
| North Carolina | no, but the state-funded MBE Center prequalifies MBEs and works with banks to underwrite loans | no |
| North Dakota | no | no |
| Ohio | Tax credit; loan; capital access, and bonding programs | yes |
| Oklahoma | no | no |
| State | Is there a small business loan fund for MBEs/ WBEs, including the state DOT? Any other financing mechanism? | Is there a state loan guarantee program for MBEs/ WBEs? |
| Oregon | no, only referrals to nonprofits or federal programs | no |
| Pennsylvania | yes, a loan fund at 4% interest up to $500,000 | no |
| Rhode Island | yes, DOT has loan program managed by Minority Investment Dev. Corp. There is also a state-wide loan program | no |
| South Carolina | no | no |
| South Dakota | no, but there is a micro-loan program for all small businesses | no |
| Tennessee | no, but they are developing an SBE loan fund that will be especially targeted to M/WBEs | no |
| Texas | no | no |
| Utah | no | no |
| Vermont | no, but M/WBEs are referred to state's extensive small business finance and DBE firms are referred to USDOT loan program | no |
| State | Is there a small business loan fund for MBEs/ WBEs, including the state DOT? Any other financing mechanism? | Is there a state loan guarantee program for MBEs/ WBEs? |
| Virginia | Assists with loan applications. There is a Capital Access Fund for DBEs but can't find info on it other than legislative code. | Loan guarantee for all SBEs, targeted to MBEs |
| Washington | yes, there is a loan rate reduction program. | no |
| West Virginia | no | no |
| Wisconsin | DOT has a loan mobilization program with minority banks. Commerce has MBD low-interest loans, up to 10 loans per year | yes, a 90% loan guarantee in DOT |
| Wyoming | no | no |
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