Small business grants are available from various sources including federal and state governments, private organizations, and companies. Here are some key points about small business grants:
- The U.S. federal government offers a comprehensive database of grants through Grants.gov, although it does not provide direct grants for starting or expanding most businesses but supports nonprofits, resource partners, and education organizations to promote entrepreneurship.
- There are specific grants available for different needs, such as the Accion Opportunity Fund (loans and coaching), Faire Small Business Grant ($5,000 for new retail businesses), The Freed Fellowship Grant ($500/month grants with business feedback), Hustler's Microgrant ($1,000 monthly), and larger grants like the Intuit QuickBooks x Mailchimp Small Business Hero Program ($20,000 quarterly), among others.
- Some grants focus on specific business groups like women-owned businesses, minority-owned businesses, veteran-owned businesses, and small businesses in disaster recovery settings.
- Other funding programs offer support in the form of mentorship, educational resources, and marketing assistance tied to the grants.
- Small businesses in Europe and other regions can find similar funding opportunities, with tailored grants and loans available depending on location and business type.
For U.S.-based small business owners looking for grants, visiting Grants.gov and checking specialized grants tailored to one's business type and location is a good starting point. Additionally, many organizations offer grants with specific eligibility criteria, funding amounts, and deadlines throughout the year. If more details are needed about specific grants, application processes, or support programs, those can be explored further.
