Business Start-up Grants

Business Start-up Grants

Business start-ups grants can help small businesses in many ways. Start-up or business grants are offered by federal and state agencies and other nonprofit organizations. There are also offices like small business development offices to assist the small business grant applicant with advice on obtaining grants.

Grants available to help small businesses or home businesses are typically non-repayable dollars and can be used for anything from start-up expenses to inventory or construction expenses.

Business Start-up Grants
Business Start-up Grants

They may not know that these small business grants are available or they may think they all need to be repaid. Is not true. Hundreds of dollars are given away from the federal government each and every year to help small businesses and start-up businesses to make sure their success.

Many business owners think that all business start-up grants are only for minority businesses. This is not true, there are specific business start-up grants and small business grants for rural businesses and minority business owners.

Government Grants To Start a Small Business

The first place you have to look for business grants is Grants.Gov, which is the most popular government site for finding grants for starting a small business. Visit the website and search for ‘small business grants‘, and you can find a variety of small business grants there. Select the grants that match your needs and requirement and apply for these grants.

Always keep in mind that not all small business grants are directly funded by the federal government. Some small business grants are funded by the state and local government also. There are also many non-profit organizations, charities that are there to help to start a small business.

So with the federal grants also don’t forget to check out the state-based grants and local grants. Also, you may qualify for multiple grant programs.

The USA.GOV is another government website that offers a variety of business grants for small business owners. Check out the website and find suitable small business grants for you.

What Kinds Of Small-Business are Qualifies For Grants?

Always remember that not all small business owners are eligible to receive business grants. To receive business grants certain organizations have to show their business plan and also show that how their business helps society. Owners also have to show that their business has strong potential and plans to grow. You get easy business grants if you belong to the minority or Hispanic community. Black business owners can get business grants quickly.

Federal Small Business Grants

There is a list of start-up business grants for everyone. Just take a look at our top small business grants:

Small Business Innovation Research (SBIR): The small business innovation research (SBIR) grant program provides one of the best and popular small business grants. These small business start-up grants only provide to the Tech-related business. To be eligible for this program you have innovative tech business ideas. Visit their website for more information. The eligibility criteria for this grant was you must be a U.S citizen, your business must have less than 500 employees. The grant amount will be a minimum of $150,000.

Business Start-up Grants
Business Start-up Grants

FedEx Small Business Grant: The FedEx Small Business Grant Program is one of the well-known start-up grant programs all over the nation. The winners of this program get direct cash assistance for their small businesses. Visit their site for more details about the program requirements. The business grant amount will be a minimum of $50,000. Applicants must have fewer than 50 employees and must have been using commercial shipping services within 12 months of applying.

US Economic Development Administration (EDA): The United States Economic Development Administration (EDA) is one of the best state-based small business grants. They provide all cash assistance to all kinds of businesses or small businesses.

State-Based Small Business Grants

New York Small Business Recovery Grant Programs offers Covid-19 grants to the small business owners who suffer due to the covid-19 pandemic. The grant amount range from $500 to $5,000, that’s depends on the gross loss due to the pandemic situation.

Ohio Small Business Relief Office Grants. The Ohio state offers multiple recovery grants and financial assistance to small business owners who face financial crises due to the covid-19. These funds offer to each and every small business, start-up business, food business, travel business, and others also.

Small-Business Grants For Women

Women-Owned Small Business (WOSB) Federal Program offers financial assistance to women small business owners. This program offers business training, financial assistance to women business owners. Although this program offers equality to the man and women business owners.

Equity Match Grant Program offers financial assistance up to $10,000 to start a new business for women. Starting a business for women is not easy, that’s why the Equity Match Grant Program offers aid to start a new small business for women. Women applicants must have to show the detailed business growth plan and how the grant can help to grow their business. Visit their website for more details.

There are also many grants opportunities available for the women business owners like:

  • Amber Grants
  • Women Founders Network Fast Pitch Competition
  • Women Who Tech
  • IFundWomen
  • Cartier Women’s Initiative

Rural Small-Business Grants

The United States Department Of Agriculture offers Rural Business Development Programs to the rural business owners, farmers, and agriculture producers to grow their business. They also provide health care and education to eligible rural business owners.

Federal Loans For Small Business

The Covid-19 Economic Injury Loan offers disaster loans through the SBA. Selected small business owners can receive amounts up to $10,000. The major qualification for this loan is the small business must be at a loss due to pandemics and must be situated in low-income communities.

U.S. Small Business Administration State Trade Expansion Program (STEP) offers federal financial assistance through state agencies. The criteria are set by each state and small businesses have to meet the eligibility criteria that decide by the state.

Business Grants For Black Business Owners

Black Founder Startup Grant offers business grants and loans to black women business owners. Interested women business owners can visit the SoGal Foundation website or visit their office for program details.

There are also Back Black Business Grants are there that provide business grants in the 2021 financial year. The program will start to receive applications from September 22, the selected business owners can get the grant amount.

Free Money To Start a Small Business

First of all, it doesn’t matter if you’ve never owned a business before or have owned a business for a long time. Small businesses need help and there are government and state grants available if you look in the right place. These small business start-up grants can be used in all areas of business, from starting a daycare service to building your eBay business.

Business Start-up Grants
Business Start-up Grants

Organizations that offer business grants and start-up grants they realize that small business owners can’t get bank loan always. These organizations always help small business owners by providing funds as they know that small businesses are the backbone of the business industry.

In this present time, The United States Small Business Administration start covid-19 small business grants to small business owners and start-ups to grow their business. Like Restaurant Revitalization Fund: Restaurants and other food and food delivery organizations that lost their income due to the pandemic were able to receive up to $ 10 million in RRF funding.

Minority Small Business Grants

Minority Business Development Agency (MBDA): The Minority Business Development Agency (MBDA) offers grants for minority business owners and those minority people who want to start their own businesses. There is a list of small business grants offers by MBDA to the minority startups business.

The eligibility criteria for this grant was applicants must obtain a Data Universal Number System (DUNS) for their applications to be tracked and must be a minority-owned business.

Best Tips Get Start-up Business Grants

Getting a small business grant is not as easy as you think. Just imagine one thing that there are also business loans are there. If getting small business grants becomes easy then why there are still business loans are there? Receive business grant money is very tough and competitive as well. So you have to know the proper tricks and tips to ensure your small-business grant.

Tips 1: Ensure Your Eligibility

The common rule of applying for any grants is knowing the eligibility requirements of certain grants. Then you have to verify that are you meet all the mentioned eligibility criteria or not. If you think that you are eligible for that grant then immediately apply for that. If you think that you are not eligible for that program then you can contact the grant provider or try another grant program.

Tips 2: Check Out There Purpose To Offer Grants

After verifying the grant eligibility the next task is to do some research about the organization. Know their purpose that why they are offering grants and what they expect from the business owners. Sometimes the grant providers want something that may affect your business moto.

Tips 3. Complete The Application and Don’t Miss Any Parts

filling the grant applications is the most boring work. But kindly don’t skip or miss any parts of the application. Fill up the complete application. Mention each and every part of the application. Attach all the documents they need. Then lastly submit your grant application.

Tips 4. Write Positive Story

In every business grant application, they want to know that why are you start a business and what is your goal and plan. So tell them some positive story that why you want to be a businessman and what is your goal.

Bottom Line

So start your journey to find business grants with find a local representative of the government and state donors and plan a meeting with them. Look at the business grants they will offer to helps your business. Choose grants or organizations that offer grants that you think you qualify for.

For example, if you are looking to start a grocery store business then don’t look for the rural development grants. Inquire to find a grant designed specifically for your small business or small business idea.

Some small business and start-up grants have a large description and claim to cover everything, so be careful always. The best advice when looking for a start-up grant to help your small business is to read and reread the grant guidelines in their entirety.

The last sentence of any grant guideline could disqualify your business, location, or idea. Understand the donor and what you are looking for.

Don’t be afraid to call or meet with donors. After all, they wouldn’t be offering these funds if they didn’t think people needed them, right? Do some research, gather all the financial documents, and start looking for the start-up grant for your small business. You will be rewarded for your efforts and it is easier than you think!

How can I get a business grant to start my own business?

The truth is that getting grants to start a business is not easy. But now many organizations and governments offer to grant money to start a business. Rural business owners and minority owners get some special benefits. But remember that the maximum of these business grants needs a lot of qualifications that you have to fulfill.

Does SBS Offer Small Business Grants?

SBA offers a number of business grants including small-business grants and startup business grants. Visit Grants.Gov for more details.

Can startups apply for grants?

Grants are available to small business owners during the startup phase, business expansion, and for research and development. Unlike small business loans or credit cards, grants do not need to be repaid.

Who qualifies for the SBA grant?

To qualify for the full $ 10,000 EIDL grant, a business must: Be located in a low-income community, and. Having suffered an economic loss of more than 30%, and. Employ no more than 300 employees.

What is the SBA $ 10,000 EIDL Grant?

The Targeted EIDL Advance provides funding of up to $ 10,000 to applicants who: Are in a low-income community. Applicants qualify if they come from a low-income community as mentioned in section 45D (e) of the IRC.

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