Sources Where you can find Small Business Grants
So you are ready to get started with your small business and now you must be thinking how to get money for your business or find funding for your small business? Well, small business grants are available from many different sources for small businesses in various categories.
It can make a huge difference if you can find small business grants to raise capital for your small business.
There are also government grants available for specific types of businesses and categories such as not-for-profit, research based grants if you are involved in developing some new technology or your work is related to science or education.
But what if your business category doesn’t fall under the ones listed above? Don’t lose hope. There are agencies and small business grants available that you can get to fund your small business.
Here’s a list of small business grants that are available to help you get started:
CFDA or Catalog of Federal Domestic Assistance – It’s a government database that has over 2248 federal assistance programs available to the organizations and individuals. You may find many small business grants that may not be for you but it is a good place to get started with your search for funding your small business.
Economic Development Directory – It’s a directory of websites that contains links to the websites of your local government such as county website, city or state website and you can use it to find if your local government has any small businesses grants of funding programs available.
Grants.gov – is a US government website which was setup for the grant seekers with the aim to simplify the process of finding and applying for grants in one centralized location. You can find information on over 1000 federal grants available and apply accordingly.https://www.grants.gov/web/grants/search-grants.html
There are other specific types of SMALL BUSINESSES grants that are available:
Amber Grant for Women – It’s a unique grants programs started specifically for women and you can get $500 – $2500 in grants. The Amber Grants for Women was started in 1998 to help women getting started with their small business. The amount is not big but still you can pay for your business cards, office supplies or setting up a website.
Eileen Fisher Women-Owned Business Grant – As we all know Eileen Fisher is a women’s clothing brand but very few of us know that it offers $100,000 in grants to 10 women who already own a small business for at least 3 years. To be eligible a woman must be a at least 51% stake holder in a small business and annual revenues must not exceed US $1 million.
USA Grant Application – It’s a great website to get started if you are looking to raise capital for your small business. It’s not affiliated to any US government agency but it can help you get connected to the right source of funding for your small business.
FedEx Small Business Grant – FedEx offers $25000 each annually to 10 small businesses. The grant is offered to the 10 deserving small businesses through a contest. As a small business owner you can apply by sending your business details, pictures of your business and explain how you would plan to use the funds. It’s a great way of raising capital for small business.
Mission Main Street Grants – Chase bank offers $150,000 in grants to 20 small businesses owned by women. To be eligible to apply for the grant you must be running a business for at least 2 years and have less than 100 employees.
The Awesome Foundation Grant – Awesome foundation offers $1000 grants every month to the people who have a brilliant business idea. It’s simple to apply for the grant and you just need to present your business idea and how you plan to use the funds and some. 2975 project have been funded to date
The Zach Grant – Fundera.com, a website for small business financial solutions awards $2500 every year for the best video entry that answers the question, “Why did you start your own business?”
The Bottom Line
If you do some research for finding grants for small business then it is not that hard to find a grant for your small business or raising capital to get started with your business. Finding small business grants is not at all luck. All it requires is research and digging deeper online to find a grant or a funding program available for your business.
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Donnell Paula says
Great article! I have a question I was hoping you might be able to help with. Do you think a coffee shop is a good small business to start? I’ve saved up a lot of money and I’ve decided to go into business for myself. Looking forward to your reply! 🙂
Yes, coffee shop can be a great business for you if you know how to source the best coffee and serve it to the customers with a smile. All the best with your new small business. You can find lots of information and posts about starting and growing your small business.
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Thanks and a great article about small business grants in the US.