Things You'll Need:
- Access to a reputable grant database that includes private funding (see resources below).
-
Step 1
To apply for minority business grants, begin your search by using a grant database. Government business grants are only a small percentage of the funds being given away to minorities, so be sure you have access to private foundation grants and those options available through non-profit organizations.
-
Step 2
Realize that there is no limit on the number of minority business grants you can apply for or receive, so keep your options open. Make note of all the available programs that can help you with get the cash you need, and then narrow your search down based upon the eligibility requirements.
-
Step 3
Each minority business grants will have different terms. Read these terms carefully to understand what limitations you have with the funds and what you are allowed to spend the money on. While some small business grants will allow you to use the cash to buy office furniture and equipment, some may be specifically for commercial real estate and payroll, for example.
-
Step 4
Get your documents in order. You'll likely need a business plan to show how you plan to brig your venture to profitability. Print out the necessary application forms to fill them out in entirety. If necessary, use the assistance of a grant writer to help you complete the forms. Their experience can help you receive $50,000 or more in grant money that never has to be paid back.
