How to Find a Small Business Grant For Your Woman-Owned Business

A small business grant is more desirable than a small business loan because the funds do not have to be paid back. In saying this remember that a government grant that is awarded for a business means that business cannot make a profit, or rather it will need to be setup as a non-profit. A profitable business will need to seek funds from other sources.

If you are thinking about starting a small business, you may be wondering how you can obtain this grant money and if you qualify for it. There are federal and state agencies that offer help and funding for small start up businesses as well as private foundations. Seeking them out may be a bit of a challenge but if you search diligently you will find them.

There are a few steps you can take to finding a small business grant that will fit your needs. These funding sources can be found by:

1. Doing an online search of Federal and State government websites. State funding is usually easier to find. Most states have an online web site that will help you find local funding as well as business incubators available. These websites will have information listed on what they offer small businesses and the types of funding they can obtain. Often you can apply for the grants online or download the paperwork to get started. Your local SCORE office is always a good source of business information as well.

2. Looking at private web resources that offer small business grants. There are some public and private sources for grant money that is offered for businesses that fall into a certain category such as research, and innovation. A lot of large corporations offer funding for small business and other projects that will help a local community. You can visit these sites online to obtain information on their community development grants, etc.

3. Attending seminars that will help you to learn how to write a grant proposal. Often these seminars know of resources for grant money that is not available to the general public. By attending the seminar, you will not only learn how to write a grant proposal but will be put in contact with agencies that offer grants. Your grant proposal should be professional.

There is much competition for grant money so getting educated on the grant writing process, and how grants work is paramount to increasing your chances of getting one. If your start up business has anything to do with specialized research, technology, or energy, the Federal government may be interested in helping you. The government is always looking for innovative business ideas that stand out from the crowd and help society in general.

There are other grant resources offered from independent sites that relay news and information about foundation grants and private individuals giving funds to small businesses. Be aware however that there are scams out there who do not offer legitimate information. It is best to use legitimate websites when you are looking for a grant as they will have the information that you need to apply for them. Some of these web sites offer information for a one time fee. Beware of sites that offer the information for free. READ their “terms” as some of them have hidden fees of up to 97.00 a month if you don’t return their CD within a few short days. It’s better to use a site that offers a one-time-only fee.