Without a doubt, small business owners want access to capital so they can run and grow their businesses. However, many small business owners who we speak with do not know where to start. So, to help small business owners access these free programs we have built a list of small business grants on our portal which we keep current weekly.
In this article, we provide an overview of current grant programs, highlight one current grant program, and list others that are available (scroll down)
Is my business eligible for grant funding?
This is always a loaded question. However, most small businesses do qualify for some type of grant funding.
There are always different methods for how to find the right grant. We suggest that any small business owner looks based on:
- Goals of grant (usually grants carry a greater mission to solve problems – for instance, grants that lead to job creation)
- Industry – search for grants specific to your industry
- Grants tend to address places of higher poverty
The key of looking for a grant is to not focus on just getting money. Instead, focus on how organizations that provide grants want you to spend the funds. Then, you can organize your application around how to match your business to what the organization is looking for grantees to accomplish.
Certifications – Where Grants Have Prevalence.
Does your business have a certification? Does the small business owner have a certification? Many grants are put aside for businesses that have a certification. Some of the certifications are:
- Woman-owned small business
- Minority-owned small business
- Disadvantaged business enterprise
- Veteran-owned small business
For more information on the certifications, and how to get your certification and others, click here.
7 Things Every Small Business Owner Should Be Ready for When Applying for A Grant
Grants represent a great way to access capital for a business, however there are several things which small business owners should be aware of before applying. In preparation for writing a grant, we have built an extensive, yet helpful list of important things which will help any small business owner in their pursuit of a small business grant.
This list of what to expect can be found here: Click Here.
Highlighted Grant Database: Grants.gov
For the month of May, we are highlighting the Grants.gov website.
Grants.gov warehouses thousands of different grants provided by the Federal government. Small business owners can search available grants at https://grants.gov/web/grants/search-grants.html. On the database you can look at grants by industry, funding instrument, agency, and opportunity status.
What Small Business Grants are Currently Available?
Small business grants are free money for small businesses which are provided by government, non-public, and for-profit entities. Most small business grants provide business owners an avenue to apply for a bigger goal. For instance, the US Department of Labor has hosted grants to small businesses in places of high poverty for the development of careers and creation of new jobs.
While it takes time and effort to research and apply for grants, the end game can be worth it as small business grants are funds which do not need to be paid back.
To help you get started, we always keep and refresh small business grants which are available to small business owners (https://www.backofficedepot.com/smallbusinessgrants).
Dr. Thomas Tramaglini is the Managing Director for BRP Onesta, a company that supports small businesses. By offering a host of important and affordable services that small business owners tend to not have time to do themselves, the team at BRP Onesta can help small businesses grow infinitely. Although located in on the famous Jersey shore, BRP Onesta serves clients in all 50 states, Puerto Rico, Mexico, and Canada.