Grants For Women – Small Business Grants You Are Eligible For

So you have finally set out to open a small business, or maybe you are renovating your existing business. Perhaps you are opening another location, or simply want to pay off some business debt.

Whatever your reason, getting grants for women, small business grants in particular, has never been easier than right now. There has never before been a time in history where so many funds were available to anyone who applies for it.

As a business owner, you know all too well the challenges you face in business. It can sometimes be very difficult to get the help you need. This is especially true when it comes to funding. Since government grant funds are available to anyone who is a resident or citizen of the United States, it would only make sense to take advantage of the funds that are available for women looking for small business grants.

As a woman, you are considered a minority, and there are many grants available for you to access. You would be surprised how many free federal grants you can access, and there is no limit on the amount you choose to apply for.

So the more grants you apply for, the better your chances are of getting that grant. This is especially true when you have a specific purpose to use the money for.

Here are some reasons why you could be eligible for a government grant:

1. You may want to start a small business.

2. You might be planning to add another business location.

3. You may have business debt that you would like to pay off.

4. You might be looking to purchase equipment or supplies for your current business.

5. You may be interested in renovating your current business.

All the above reasons as well as plenty of others are great uses for a government grant. Your chances are even greater because you are looking for grants for women; small business grants are a specific type of grant and therefore women fall under a category of grants that the U.S. government offers.

Since you are free to apply for as many grants as you wish, access the thousands that are available to you and start making your business plans now.

Federal Small Business Grants – How to Get One For Your Business

One of the most common questions that an entrepreneur has is where to get a grant so as to finance their business. As with any other business, starting a small business requires not only a business model and a market for the product but also capital to finance the business.

However with recession taking its toll it has become difficult for small businesses to entice private investors or acquire loans to start their business.

The solution to this problem may lie in federal grants which are available by the Government throughout America. These grants are paid to entrepreneurs who wish to start their own business and meet a certain criteria.

This “seed” money is not a loan and does not have to be repaid by the government. There are several types of small business grants that are available by the federal government such as grants for women entrepreneurs, minority business owners or people wanting to set up business in underdeveloped areas.

Grant applications usually have a deadline period and this it is essential to start the application process as early as possible to avoid the possibility of rejections. The decision for approval of the grant can take somewhere between six to seven months after the entire application process.

There are three government resources from where you can derive information about these grants. The Small Business Innovation Research center, the SBA and the US government’s grants portal known as Grants.gov.

It is important to keep in mind that the federal grants provided by government is not a loan nor is it free money doled out by the government. An entrepreneur needs to show why he/she needs a loan and whether it satisfies some social cause like providing unemployment in economically backward areas.

The stronger and more detailed the presentation with hypothetical budgetary allotments the better is the chance of the grant being approved. Once the federal small business grant is approved it then becomes a contract between the government and the small business owner.

It is the responsibility of the entrepreneur to satisfy the conditions of the grant where time limits may be setting up for the business. Moreover the government may regularly send agents for audits and approvals.

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.