It doesn’t matter what kind of small business you’ve got, there’s always a grant that may help your business grow.
From new businesses to veteran-owned shops, there are lots of small business grants available. Find out which of them you might be eligible for so that you could start applying and, hopefully, begin earning.
Small business grants provide funds to develop your business in a wide range of methods. In many circumstances, grants can be used for issues like operations, marketing, or increasing your team.
Grants are awarded by both private and non-private entities to businesses. While grants do not have to be paid back, they do take some time to apply.
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What Are Small Business Grants?
Small business grants are minimal amounts of seed cash given to entrepreneurs to build their business. Grant money is considered “gifted” and isn’t required to be paid again.
Most grant applications are established by government entities or private companies wanting to help others succeed. Grant applications are sometimes given by federal, state, corporate, or nonprofit organizations.
10 Business Grants for New Entrepreneurs
Simply getting started? Hunt down additional funding from the following sources below to get your new business off the ground.
1. Grants.gov
Grants.gov was started by the Department of Health and Human Resources back in 2002. It is an e-government program operated by Office of Management and Budget.
This on-line team helps present resources and help for grant seekers to seek out and receive funding.
- Award amount: Varies
- Where to apply: For more details, go to their website.
2. Local Chamber of Commerce
Start by researching grants within your neighborhood — your local Chamber of Commerce is a good place to start out.
Though some grants have stipulations like trade, business kind, size, and location, your local Chamber of Commerce will be able to join you with grants that suit your scenario.
Their crew can even set you up with funding services, ideas, and resources to your small business.
- Award quantity: Varies
- Where to apply: Reach out to your local Chamber of Commerce for extra information.
3. Small Business Innovation Research Program (SBIR)
The Small Business Innovation Research Program (SBIR) is a competitive grant program for small companies.
This program helps fund entrepreneurs in the analysis and improvement industry to help scientific and technological innovation.
These grants are used to build a powerful national economic system by business models.
- Award quantity: Funding for a phase one award is as much as $259,613 and section two up to $1,730,751.
- Where to apply: In the event you match trade necessities, you will need to apply to a particular solicitation on their website.
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4. Small Enterprise Expertise Switch Program (STTR)
Small Enterprise Expertise Switch Applications are just like SBIRs however centered on the know-how trade. This grant is issued to companies within the know-how trade.
These grants assist fund progressive technological development, boosting the economic system and enterprise house owners.
- Award quantity: Funding for a section one award is as much as $259,613 and section two as much as $1,730,751.
- Where to apply: If you match industry requirements, you will need to apply to a specific solicitation on their web site.
5. Nav’s Small Business Grant
Nav is an organization that helps match businesses with the most effective loans and credit cards to develop their business. Every April, a Nav’s Small Business Grant is awarded to a small business proprietor.
- Award quantity: $5,000–$10,000
- Where to apply: Go to their website and sign up for a free account to begin.
6. FedEx Small Business Grant Contest
Every year, FedEx hosts a small business grant contest to supply funding for ambitious entrepreneurs. In 2021, they had their 9th yearly contest and had awarded a small business $50,000.
This grant is open to most small business models, so long as your business strategy is a story that’s “worth telling.”
- Award quantity: $15,000–$50,000
- Where to apply: For more info, go to their website.
7. National Association for the Self-Employed (NASE) Growth Grant
The National Association for the Self-Employed (NASE) Growth Grant was started in 2006. Through the years, NASE has awarded roughly $1,000,000 to entrepreneurs to help grow small companies.
You should be a member of NASE to apply, however winners can obtain as much as $4,000 to go towards marketing, team development, and different needs.
- Award quantity: As much as $4,000
- Where to apply: For more info, go to their website.
Business Grants for Women
While 4 out of every 10 businesses within the US is owned by a lady, only 25% of ladies seek additional financing in comparison with 34% of male entrepreneurs.
Nonetheless, there is no such thing as a shortage of support for women-owned companies.
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8. Amber Grant Foundation
The Amber Grant Foundation was based by WomensNet in 1998. Their mission is to assist women fund their life goals.
The first week of each month, they offer $10,000 to women pursuing their entrepreneurial passions. At the end of every year, they also grant one particular woman $25,000 of funding.
- Award quantity: $10,000 is available each month and one annual winner will receive $25,000
- Where to apply: For extra details, go to their website.
9. Eileen Fisher Women-Owned Business Grants Program
Eileen Fisher is a women-owned clothes brand on a mission to help different women business house owners.
Their Women-Owned Business Grant program awards women entrepreneurs $200,000 yearly. Before applying, you will need to meet these prerequisites:
- Show your business has positive impacts on the setting and women’s representation.
- Present and demonstrate useful information on climate change, mitigation, and advocacy.
- Help lead and engage with other women within the sustainable economy.
- Be able to meet all of Eileen Fisher’s eligibility requirements.
- Award amount: $10,000–$40,000
- Where to apply: Though funding is temporarily suspended, check out their website for updates to see if the program is renewed.
10. Live Your Dream Award
Every year, the Live Your Dream Foundation grants $2.1 million in instructional funds to women. This basis focuses on passionate women who’ve survived sexual violence or different traumatic events.
They provide applications and funding that assist women build confidence, advance their careers, and overcome sudden situations.
- Award quantity: $1,000–$16,000
- Where to apply: Applications open from August 1st to November 15th on the online portal.
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