Business Startup Grants for Women
There are many grants for start-up businesses, especially for those run by women. Such opportunities include corporate, government, and private business grants. A grant typically does not have to be paid back. However, some donors may make special requests of the business once it begins to make a profit. To qualify for these start-up grants, a woman must meet certain eligibility requirements.
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SBA Grants
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The Small Business Association helps women starting a business find grants to get their business going. A woman should contact her local SBA office to find grants that are appropriate for her business. The SBA has access to grants that are not advertised online.
Potential Start-Up Grants
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The Women's Financial Fund gives grants to both new and existing businesses being operated by women. The amount of the grants varies. For new businesses, a woman can receive grants ranging from $100 to $5,000. A woman starting a business can qualify for this grant, regardless of what type of business she is starting, including service-oriented businesses.
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Rememberance Grants
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Some grants are set up in a particular person's memory. For instance, Amber Grants, established in 1998, was set up by Melody Wigdahl in honor of her sister and only sibling, Amber Wigdahl. The grant is made available to women entrepreneurs to give them the chance to fulfill their dreams. Women wanting to start their own business can fill out form online for a $500 grant. Grants are awarded quarterly.
Private Grants
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Private grants are awarded to women by individuals who have interest in promoting certain business ventures. Private grants are made available by celebrities and donors such as Oprah, William Gates, Donald Trump and Martha Stewart. There are usually committees or board of directors for the private grant who accept applications from those interested in applying.
Warning Of Corporate Grants
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Corporate grants are awarded by a business or corporation. The corporation, such as Kellogg's, General Electric, Sprint, Microsoft or others, offer grants to enhance their business within the community. Others offer grants as an investment and aim to make a financial profit from the company, or to claim a stake in shares of the start-up business. A business owner cannot violate the terms of the grant once it is accepted and the grant used to start the business. These grants are usually advertised on corporation websites.
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