You have a great idea for a business and are ready to put it into action. You only need one thing, but it’s a big one: more capital. There are a few ways to get money for your business. You can borrow it, but you will have to find lending sources, and debt can put a strain on a new business. You can sell part of your business to investors, but then you have to give up equity before your business even gets off the ground. A small business grant, however, might be just what you need.
Are There Really Grants for Small Businesses?
If you’re starting a business anywhere in the country, from CA to PA and everywhere in between, small business startup grants are available. The best thing about grants is that they provide funds you don’t have to pay back. It’s just money you can use to grow your business.
Can I Get a Grant to Start My Own Business?
Yes! In fact, this is why a lot of people get small business grants, and it’s a great way to start your business. The government also views small businesses as an integral part of the economy, so they provide grants that can help you build your business as well.
How Do Small Business Grants Work?
Applying to get a small business grant couldn’t be easier. Simply contact the agency that offers the grant you think you are a good fit for. There are small business grants for minority first-time business owners, for veterans, for women-owned businesses and more.
How Do I Qualify for a Small Business Grant?
Each small business grant will have different requirements depending on the agency that is offering it and their goals. Get creative! Figure out what special aspect you bring to the business environment and do your research to seek out agencies that might be offering grants for what you provide. To successfully apply for your grant, you probably will need to show a business plan and any financials you have. You will likely also need to offer some background information about yourself and the reasons you are starting this business.
How Do I Get a Government Grant for a Small Business?
Start by visiting the Small Business Administration’s grants page. Here you’ll find information about the different organizations the SBA works with to provide grants for small businesses. There are grants for research and development businesses, exporting businesses, education and more. You can find out what the requirements are and see if you qualify.
Are There Grants for Minority First Time Business Owners?
Absolutely. Contact the Minority Business Development Agency for information about grant opportunities for minority businesses.
Are There Startup Small Business Grants for Women?
Definitely! Some great small business grant opportunities for women include the FedEx Small Business Grant Contest, the Amber Grant for Women and the Eileen Fisher Women-Owned Business Grant Program.
Once you’ve secured funding, you may need help getting your fledgling business off the ground. For business coaching and consulting in NY, NJ and PA that can take you to the next level, contact Coachfirm.