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MBL Guide – 10 Great Resources for Small Business Grants

MBL Guide – 10 Great Resources for Small Business Grants
MBL Editors

10 Best Grants for Small Businesses

By Yvette Brown

One out of three people in the United States are self-employed, and these figures may increase over the years. People are now harnessing todays tools and opportunities to free themselves of the typical 9-5 employment, whether as contractors or small business owners. So if you’re considering the move from traditional employment to starting your own small business, then you will definitely need money as startup capital. But how do you fund your business without shelling out your own money or getting into debt?

Small business grants are like free money for your business. Unlike loans, you do not have to pay them back. While that may sound easy, it actually takes some effort and work to find and qualify for private or public grants. To help make the process easier, here is a list of grant sources that you might want to check out:

  1. Love A Local Business is a grant program is run by Intuit, and has awarded over $1 million ever since its commencement. The average grant award is $5,000 per business, which is awarded from chosen nominees (you can nominate yourself, too). https://www.loveourlocalbusiness.com/
  2. Mission Street Grants is sponsored by Chase Bank. It is a grant program for small businesses that runs towards the end of the year. The program offers $250,000 grants and training to 12 small businesses. https://www.missionmainstreetgrants.com/ 
  3. Federal Grants is a website the aggregates information on a numerous grants offered by the Federal government as well as private enterprise. http://www.federalgrants.com/
  4. The 100 Urban Entrepreneurs is a non-profit foundation that works to provide economic boost to urban communities in the country by supporting minority start-up needs. By receiving fund from various foundations, they are able to provide $10,000 fund and 8 weeks of business mentoring for startup entrepreneurs all across the United States. http://www.100urbanentrepreneurs.org/
  5. Amber Grants by Women’s Net focuses on women entrepreneurs and offers small grants of $500 to $1000 to help them kick-start their microbusinesses. http://womensnet.net/get-an-amber-grant/
  6. The Rural Business Enterprise Grant (RBEG) funds a wide range of things – startup businesses, business incubators, employment related programs and the like, as long as they are rural projects. Grants can be as much as $500,000 as there is no maximum level, but higher priority is smaller projects. http://www.rurdev.usda.gov/bcp_rbeg.html
  7. Count Me in Grants are provided for small business owners and applicants and can range from $500 to $10,000. Women who wish to start million dollar enterprises are given priority. http://www.countmein.org/
  8. Pay It Forward Grant by Cheap Therapy provides $500 to its winners provided that they do the following: 1) Pay the grant forward to someone else when the business is already working well and 2) inform Cheap Therapy when you do it. While the amount is rather small, it’s the concept of this grant that makes it a good option. http://www.cheaptherapy.net/id62.html
  9. The Leadership Grant Organization of America provides financial assistance to recipients who are starting out or wishing to grow their small business. They offer grants ranging from $1,000 to $100,000 and are awarded quarterly every year. http://www.leadershipgrants.com/smallbusiness/
  10. FedEx Small Business Grant, the FedEx Grant is available again and you may submit your company through Feburary 9th 2014. The Grand Prize is $25,000 Find out more at the following link. https://smallbusiness.fedex.com/grant-contest

In addition, global startup community F6S brings together around 3,700 startup organizations, 1,000 companies with deals and over 6,000 business investors where you can pitch to and raise funding for your business. http://www.f6s.com/

This list constitutes only a few of the many small business grants that offer monies to qualified individuals and entrepreneurs. Check out a list of government grants at www.grants.gov and grants for women at www.grantsforwomen.org. Who knows, you might be awarded a good deal of monies to help get your business of the ground and up and running.

Good Luck!

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