➤ Small business grants are always crucial for entrepreneurs who need free money to start a small business. Federal and state institutions provide significant support in this regard. In addition, some companies in the private sector also offer operating grants for such formations.
➤ Grants for small businesses are not the hardest thing in the world to have. If the coronavirus pandemic has seriously harmed your plans, this article is for you! There is a chance to get free funds for new businesspeople and existing fresh companies. Let’s get started, shall we?
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Table of Content
How can I find grants for a small business?
How can I know if I will qualify for a small business grant?
Are coronavirus relief business grants still available?
What will I learn from this article?
“As a founder, lay all the possible scenarios — from best to worst — in front of you so you do not get surprised when something happens.”
Small Business Grants: Free Money To Start a Small Business
➤ Small business grants are projects that provide free capital to existing small businesses and new entrepreneurs affected by COVID-19. You may be looking for ways to obtain some free money for your business. Detecting such a fantastic resource takes both time and effort.
✅ Economic Development Administration
➤ I found these resources one by one on your behalf, and I am pleased about it. Your first resource is Economic Development Administration, and this platform belongs to the state and regional small business grants category. It is one of the most trustworthy platforms that I know.
➤ This agency, which deals with economic growth, entrepreneurship and innovation incentives, is affiliated with the US Department of Commerce. This organization provides grants, resources and technical support to projects that meet the pre-specified requirements.
➤ Relevant state agencies provide your business with funding sources for both statewide and regional projects. Moreover, it secures your business and allows you to recruit people and build a team for your dream. Please click here for more resources on this topic.
✅ FedEx Small Business Grant Contest
➤The next source of free capital is FedEx Small Business Grant Contests. The competition prepared for this year included an extraordinarily vital and big prize such as a $50,000 grant and $7,500 in FedEx print for the winner. A total of $250,000 was distributed in this competition, which included 12 small businesses.
➤The runner-up of this event won the FedEx Office award of $30,000 grant and $5,000 in FedEx print. $15,000 grant and $1,000 FedEx Office print services were awarded to each winner in the Third Place Winners category. For detailed information about this competition, please click here.
➤ It is in the category of corporate small business grants. Let’s take a look at the following source after this project. Grants.gov, one of the federal small business grants options, is administered by several government agencies (such as the U.S. Department of Education and the U.S. Department of Veterans Affairs).
➤ Government agencies also support social responsibility initiatives such as childcare services and environmental protection. Applications for businesses like this take a while, but you want to see the Federal Government backing you up. Who would not want a comprehensive grant?
✅ National Association for the Self-Employed
➤ One of the best examples of corporate small business grants, the National Association for the Self-Employed, provides up to four thousand dollars. Additionally, it provides an annual $3,000 college scholarship for its members’ kids! Applications are reviewed in April, July, October and January. Grants are awarded for 1 year.
✅ Small Business Development Centers
➤ Small Business Development Centers, an alternative to the Economic Development Administration, work with local universities and economic development agencies. These agencies bring you together with business owners and allow you to catch the financial opportunities you need. Consultancy, training and technical assistance regarding investing are also available.
✅ Small Business Innovation Research and Small Business Technology Transfer Programs
➤ This project, which uses Research and Development expenses for technological innovations and scientific research, plays a vital role in communicating with companies in sectors where digital transformation and science are authoritative. It is (consider it a package) supported by federal grants and contracts, run by 12 different government agencies.
➤ If you own a non-profit business and have a maximum of 499 employees, do not miss this opportunity! Check eligibility requirements by clicking here.
✅ Targeted Economic Injury Disaster Loan Advance
➤ In this system, which is evaluated under Coronavirus small business grants, grant support of up to 10 thousand dollars is available for small-scale businesses. This package, described as a preventive against COVID-19, weakens businesses with relatively low incomes and serves more like a loan than a grant.
➤ You do not need to pay back the money you get here. Review Targeted Economic Injury Disaster Loan Advance’s eligibility rules.
➤ How do you start a business or grow your business in the United States of America? The answer to this question is located here. The website GovLoans also shows available federal small business loans in this country.
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