- Grants are a way for women entrepreneurs to get funding for their companies. This grant money is different than a small business loan because it never has to be paid back.
- Government grants for entrepreneurs are awarded based on the type of business, not the owner's gender or minority status. Many grants focus on a particular type of community service or medical research that benefits society as a whole.
- The application process varies by grant, but usually requires a copy of your business license and tax identification number. A business plan, financial statement or copy of prior income tax returns may also be required to verify that the company is a legitimate entity.
- For grants with recurring payments, there may be additional reporting requirements, such as sending in annual or quarterly financial statements.
- If you are unsure whether a particular organization can be trusted with your financial information, check with the Federal Trade Commission at ftc.gov to see if any complaints have been filed against it.
