Minorities may belong to different racial classifications and these classifications may include people from African, Hispanic and Native American backgrounds, newer kinds . Minority business grants are the easiest way to get finance, if you’re starting a new business, or want to expand. Being a member of a recognized minority is of course the prerequisite to garnering these funds. But any person from any minority group is encouraged to apply for these free government business grants. Whether you are a small "Mom and Pop" operation or a large business with hundreds of employees, there are federal grants available to help you with either start-up costs or expansion of an existing business.