The Basics of Small Business Grants and How You Can Get One

Small business grants are a popular topic because they’re alluring. After all, a grant will give you money to start your own small business, and you will not have to pay it back. It’s sort of like getting a gift of money, or an inheritance.

There’s a lot of confusion and misinformation about small business grants though, and there are a lot of scams too. So let’s look at some of the basics…

  1. Small business grants are not usually given out by the federal government. State government groups and offices however, often do give out small business grants for specific purposes. Generally state government grants are given to help create jobs and boost the economy in the state.
  2. Small business grants are usually given for specific reasons. Not everyone can qualify for every grant available. Many grants are only available to specific minorities such as African Americans for instance, or women, or even African American Women. There are grants for Native American owned small businesses, grants for technology based businesses, and grants for innovative businesses too. And this is possibly the least understood aspect of small business grants. Many people mistakenly believe that anyone can get a grant, or multiple grants, just by applying. But you need to follow the application rules and guidelines. A small business owned solely by a man is not going to get a grant which is just available to women owned businesses.
  3. Grants are offered by a variety of organizations. Many grants are offered by private foundations for instance, while others may be offered by corporations.
  4. Small business grants take time. Most grants have a detailed, step-by-step application process that must be completed. And that application can take time to complete. A lot of time. Depending on the source of the small business grant, there may be other requirements that have to be met before they’ll even look at your application too. And once the application is accepted, it could be a year or more before the organization decides who will get the limited number of small business grants they have available.
  5. Small business grants are plentiful yet scarce. There are literally thousands of places to apply for small business grants, but each place usually has a very limited number of grants to give. It’s not uncommon for there to be only one grant available from a given organization each year, and in some cases there’s just one grant every five years or so.
  6. Small business grants may not help a start up. This is another common misconception about small business grants. Many people who are ready to start a business, think that getting a business grant is the best way to get started. The problem though, is that many small business grants will only be awarded to existing or established businesses.

Part of the grant application process will involve submitting a copy of your detailed business and marketing plans, submitting financial data to show your profits and profit margins.

And even when you do locate sources of small business grants that will accept applications from start up companies, you often need to have money available for hiring grant consultants and professional grant writers too.

So yes, getting a small business grant is quite possible, but be aware you will need to work very hard to get one, and it could take quite a bit of time too.

Small Business Grants For Women – 4 Tips for Getting Business Grants With Ease

Gone are the days when women were overwhelmed by the male population in the business world. Nowadays, we see an equal number of women entrepreneurs in the market, and some of them are more successful than their male counterparts. Although there are many more women out there that want to start their own businesses, a big stumbling block that stops them from accomplishing the dream of their own business is the lack of funds.

Recognizing this, the government of the United States has been trying to help them by offering small business grants through various sources and organizations, specifically for the benefit of women entrepreneurs that want to either start up a business or expand their current business. If you fall into this category, read on and you would find out tips of how to obtain these business grants with ease to aid you in growing your dream business:

1) Locate the Catalog of Federal Domestic Assistance (CFDA) where you would discover a complete list of grants for small businesses and the organizations and bodies that offer them. You would do well to first determine the type of business that you plan to undertake, so that your application process would be a lot easier compared to when you apply on a general basis. Visit the CFDA website if you are a budding businesswoman looking a grant to aid you financially, and trust me you would not leave disappointed.

2) Visit Usagovernmentgrants.org, this is a site where women can find business-aiding grants that have been allocated especially for women, thus you do not have to compete with male counterparts to obtain these grants. Less competition means higher chances of getting the grant, so waste no more time, and visit this site quickly. You could find relevant information such as types of grants, amounts to be awarded as well as contact details of the awarding bodies, agencies and organizations within this website

3) Visit Grants.gov, another excellent site to locate grants for women entrepreneurs out there. Remember that the more application you put, the better the chances are for you to obtain at least one grant. This website also provides tips and pointers to help you apply for grants effectively, thus take your time to go through the contents of this site before you apply!

4) Get in touch with the Small Business Administration (SBA) either by visiting their office directly or heading to their website. Here you would be able to get all the information that you need in regards to business grants and loans, thus it would help you extensively in the process of applying and obtaining your small business grant.

By going to the right places, you could obtain yourself a small business grant for women in no time! Always remember to have a good business plan with you, and ensure that the application form is filled up accurately! Good luck!

Small Business Grant Writing

Nowadays, small business grant writing has become more popular because businesses are able to realize, that it is not easy for them to get funded without any help from grant writers. Any form of businesses — small or large — that seeks funding from an agency in the government or a private industry is required to write a grant proposal. A grant proposal is far more likely to be accepted if it is well composed and presented and brief and highly feasible.

There are a lot of businesses that are willing to invest in employing their staff to join in any grantsmanship workshop that will enhance their skills, on how to create good and powerful proposals. It is even wiser for these organizations to acknowledge small business grant writing, instead of sending their staff to join such trainings or workshops. Small business grant writing is available and powered by professionals who are knowledgeable enough, on how to get businesses the funding that they need, by presenting a grant proposal.

The grant writer will develop ideas that will help the proposal to be recognized and taken seriously. Any idea or information should be turned into feasible concepts by a good small business grant writing agency before going to the process of documenting it, in its proper format. Some writers will just use the information that has been given by businesses without checking, if the information has some lapses and are unreliable, just for them to get the approval they need for funding.

Professional grant writers for hire recognize the vital importance of the community during the process because the community will act as a key determining factor for funding approval. If a community finds the project to be good, then there is a great possibility that the funding will be approved especially if, the organization that grants the funding is a federal one.

Small organizations comprise the majority of business that request grant funding. It is necessary to know if any of them are trying to get funding for a similar project. Grant writing firms are tasked to do this kind of work, they will figure out if there are other similar projects presented by other businesses. This work saves the business time and resources. These are just a few of the advantages of having small business grant writers. Businesses may find it cheaper not to hire any grant writers but will later on find out that, hiring one is worth it. Small business grant writers can be found on the internet.