However, you may be able to find grants for your small business by visiting specific websites and organizations, such as these listed below.
A grant is a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose. Unlike a loan, you do not have to pay back the money. The government may also award grants for home insulation, community projects, or setting up businesses.
Funding opportunities aren’t necessarily scarce but tracking down viable options can sometimes feel like an uphill battle. Deadlines are constantly looming, application requirements change, and setting aside time to complete them is a job in and of itself. That being said, we’ve discovered small business grants that provide worthwhile resources, and more importantly, the money you don’t have to pay back, to get your idea off the ground.
Note: The second round of the Paycheck Protection Program (PPP) is also live for those who are eligible. It provides borrowers in low- or moderate-income areas and a maximum of 10 employees with loans of $250,000 or less. Learn more about the guidelines and how to apply them here.
DigitalUndivided’s new program will award 10 Black and Latinx women innovators with a $5,000 and access to resources and mentorship. Join their email list so you can be notified when applications open.
SoGal, alongside Winky Lux, Bluemercury, and more beauty brands, provide micro-grants to Black and/or nonbinary entrepreneurs on a rolling basis.
FedEx’s annual small business contest awards money to a number of small businesses to help scale their profits. Go to the content homepage and sign up for the email list so you can be notified when the next contest deadlines are announced.
Every month, The Awesome Foundation awards a credit grant to one lucky entrepreneur. All you need to do is fill out a simple form.
Every month, money goes to a small business owner who is automatically eligible for a year-end grant.
In addition to its renowned coaching services and workshops, IFundWomen also provides several grant opportunities for women-owned businesses, in addition to workshops and business coaching. IFundWomen of Color is a subsite that also assists early-stage entrepreneurs.
By joining BGC’s virtual community, you’ll have access to webinars, virtual pitch practice, business referrals, and funding opportunities.
Join this database to discover federal business grants in your state.
Members of the National Association for the Self-Employed Organization can apply for grants for up to $500. Members must be in good standing for three consecutive months. Annual members can apply immediately and monthly members can apply after 90 days.