Small business grants are sizeable sums of interest-free money to help you start or expand a small business. There are many types of grants available for small business owners across the United States.
Below, find a step-by-step guide to applying for grants to start a small business, as well as a list of the best places to look for small business grants, and get answers to frequently asked questions.
How to get a Small Business Grant:
Determine how much funding you will need and what it will be used for. Before you start applying for grants, you will need to know how much funding you'll need to start a business or expand one. Having a good understanding of what you need and how you intend on spending the funds, will put you in good stead to receive small business loans and grants.
Find grants that you qualify for. Applying for grants that you qualify for will increase your chances of receiving a small business grant.
Fill in an application form. If you are eligible to apply for a particular grant, you will have to complete an application form and possibly attend an interview. Make sure that you follow all instructions and submit all required documents before the due date.
How do I get a grant to start a business?
To get a small business grant, you must assess your business's needs and find and apply for an appropriate grant for these needs.
What grants are available for small businesses?
- FedEx Small Business Grant.
- 1010 Wins Small Business Grant Challenge.
- Small Business Development Centers.
- National Association of the Self-Employed.
- Small Business Innovation Research Program (SBIR).
- Small Business Technology Transfer Program (STTR).
How do I qualify for a small business grant?
Most grants will have eligibility requirements, timelines, and information on the application process available for you to peruse. Be sure to read through everything to make sure that you meet all requirements to avoid wasting your valuable time.
What type of grants for small business startups are available?
What do I need to apply for a small business grant?
It's imperative to have a viable business plan, and be able to describe your product or service and why it will be successful.