How to Get a Small Business Grant

The term “first-time entrepreneur” describes someone who has never owned or operated a business. This can be an individual, a couple or a group working together outside the usual corporate framework. In the meantime, start building your store with a free 3-day trial of Shopify.
For example, Miami-Dade County’s Mom and Pop Small Business Grant helps growing businesses cover the costs of equipment, marketing, insurance, renovations and more. While we adhere to strict
editorial integrity,
this post may contain references to products from our partners. For complete information, see the terms and conditions on the financing and service issuer’s website. In most cases, once you click “apply now”, you will be redirected to the issuer’s website where you may review the terms and conditions of the product before proceeding.
The National Association for the Self-Employed (NASE) awards quarterly $4,000 Growth Grants to its members. Business owners can use the money for marketing, advertising, hiring employees, expanding facilities and other business needs. Take it slowly when filling them out, and don’t let yourself get overwhelmed by trying to rush them. A mistake on the application could cost you the grant, so make sure it’s time well spent by filling out the forms the right way. The National Association for the Self-Employed (NASE) Growth Grant was established in 2006. Over the years, NASE has awarded roughly $1,000,000 to entrepreneurs to help grow small businesses.
A plan will clarify your business’s direction and how it can benefit your community. As with state-funded grants, a good place to start in looking for corporate or nonprofit grants would be the SBA-sponsored Small Business Development Center serving your area. dig this provides training for small businesses on government sales and leasing. As illustrated by the following sampling of grants, the assistance available to you from the government will vary, depending on your specific situation. We believe everyone should be able to make financial decisions with confidence. SBA’s 7(j) Management and Technical Assistance Program is for capable small businesses in Regions I – X interested in providing management and technical assistance and guidance to eligible small businesses.
This program helps fund entrepreneurs in the research and development industry to support scientific and technological innovation. Although some grants have stipulations like industry, business type, size, and location, your local Chamber of Commerce should be able to connect you with grants that fit your situation. Their team can also provide your small business funding services, tips, and resources.
Small business grants provide limited investments — anywhere from a few hundred dollars to a hundred thousand or more — for startups and other smaller companies. This is a great first step if you’re not ready to go through a more traditional and rigorous venture capital funding process. Grants can come from government agencies, nonprofits, or social responsibility arms of major corporations. Although there are a range of programs for general startups, certain incubators target specific demographics, like underserved business owners. Head Boss in Charge Headquarters (HBICHQ), for example, is a Seattle-based nonprofit that serves women and minority-owned startup businesses. It offers merit-based grants for graduates of several of its educational programs.
Business loans are one of the most common ways that new entrepreneurs secure funding for their businesses. Unlike grants, loans do need to be repaid, so it’s important to understand how much money you need, what it will be spent on, and how you plan on making the money back. Apart from the SBA, there are a number of other federal agencies offering grant programs for small businesses in the US. Ideally, your business should be at least six-months old before applying for grants listed on
The first rule in applying for a small business grant is to check on any deadlines. Some programs accept applications throughout the year, while others may have annual or quarterly deadlines. Ohio, for instance, announced in late 2022 that it was in line to receive up to $182 million in SSBCI funding. STEP provides money to states and U.S. territories, enabling them to offer grants and other financial assistance to small businesses looking to export internationally.