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Why you Should Certify your Diverse Business

Certifying Your Diverse Business

In a time when there is so much emphasis on diversity and equity, certifying your diverse business is an important step to getting it the recognition it deserves and gaining valuable funding. Businesses that are woman, veteran, and/or minority owned statistically tend to receive fewer investments and loans. According to a study conducted by the U.S. Chamber of Commerce and MetLife, black-owned businesses are 19% less likely to receive funding even though they apply for it 10% more than their white counterparts. These disparities are not confined to race. In 2017, only 2.2% of all venture capital in the U.S. went to women-led businesses. 

With this context in mind the importance of certifying your business as minority, woman, and/or veteran owned becomes clear. Benefits of certification may include but are not limited to:

Advantages when applying for government loans

Certifying your business can mean easier access to government loans, especially if they are specifically geared towards woman, minority and/or veteran owned businesses. 

Become eligible for specific government grants

Become eligible for government grants that allocate a certain amount of funds for diverse businesses. Certification can help verify your status.

Target socially conscious consumers

As it becomes more and more important to consumers that they support a diverse array of businesses in light of recent cultural shifts, certify your business to legitimize your status and attract more customers.

Explore Cocolevio’s certification application, 58joralemon

Quickly and easily certify your business using our certification application, 58joralemon

Allow us to take the guesswork out of certifying your veteran, woman, or minority owned business. Apply for a certain certification through our portal then upload the necessary documents in one central location. When your application is accepted your certificate will be easily accessible. 58joralemon also offers hassle free renewal of your certification. Your past certificates, relevant documents, and invoices will all be kept organized and easy to find. Say goodbye to endless searches through your drive. Learn more about 58joralemon and certify your diverse business today at: 58Joralemon

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