small business grants

Small business grants, programs and Loans you can benefit from

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Small business grants, programs and Loans you can benefit from

 

small business grants

 

Looking for how to boost that your small business to boom and flourish, well, I know the feeling and the pressure involved in starting up a business and nurturing it until it matures.

 

Depending on your variety and the kind of Business you are into, there are many loans and grants programs you can benefit from.

 

It is not easy for the small scale business owners, it is understandable; that is why the Government and some private sectors are ready to help.

 

The help can be inform of loan or grant to aid a growing business. Some of the grant and loan programs are:

 

 

Government grants

 

Grants.gov is a federal government website which offers the most comprehensive database of funds the government is going to give out.

 

There exist in the website, opportunities for companies and numerous grants to be applied for.

 

All the help from the federal government, is not only rendered by them to small businesses as some of the funds are dispatched to nonprofit organizations, institutions of higher learning, local and state governments and agencies. They make judicious use of the funds to provide social amenities, Education or distribute the funds on local level.

 

You may qualify for more than one program when you set out on a search for grant. When seeking for grants, you should also check within your local and state level to benefit from what the can offer.

 

Depending on each outstanding situation the Government assistant to be rendered will be different as all needs are not equal and all business are run and operated differently.

 

1. National Institute of Health Grants.

 

There is an ongoing funding scheme and grant opportunities concerning to COVID-19 research, it is done by The National Institute of Health (NIH).

 

The grants work for research biomedical technology and small businesses that develop. The grants are available throughout 2021 and beyond, there’re multiple of them.

 

2. Small Business Innovation Research Program (SBIR).

 

This grant is offered offered by SBIR to small businesses to aid them take part efficiently in federal research and development with the potential for commercialization.

 

This initiative is excellent in its way and it fosters businesses to achieving scientific excellence and technological innovation, that’s the reason the program is highly competitive awards-based.

 

Entities must operate a for-profit company while qualifying in other requirements for them to merit SBIR grants.

 

3. $100,000 for Start a SUD Startup.

 

The annual 2021 $100,000 for Start a SUD Startup Challenge is being sponsored by the National Institute on Drug Abuse (NIDA)

 

 

SUD stands to mean “Substance Use Disorder”, businesses that focuses in this area will be supported by NIDA.

 

10 entities are to win $10,000 each, the winners will qualify to complete for Small Business Technology Transfer (STTR) and the NIDA Small Business Innovation Research (SBIR) grants.

 

Eligible entrepreneurs are required to put ideas together as the submission period ends on November 16th.

 

4. Shuttered Venue Operators Grant

 

Just like theaters and museums, the Shuttered Venue Operators Grant (SVOG) is meant for live venue operators which start existing as 29 February, 2020 and were impacted by the coronavirus pandemic, the program is sponsored by the U.S. Small Business Administration.

 

$10 million or 45% of its 2019 gross earned revenue can be got by small businesses why applied for.

 

5. COVID-19 Economic Injury Disaster Loan.

 

In Targeted EIDL Advances $10,000 can be received by Small businesses located in low-income communities and experiencing a loss of revenue because of the pandemic through the SBA.

 

6. U.S. Department of Commerce Minority Business Development Agency (MBDA).

 

Minority-owned businesses are aided with Targeted grants and loans, it if given the whole year.

 

Information about local MBDA Business Centers can be got on the website MBDA.gov.

 

7. Small Business Technology Transfer Program (STTR)

 

STTR is similar to SBIR. Funding research in the R&D arena is the main aim of this movement.

 

The difference it has with STTR is that small business is required to have a formal collaboration with a research institution. Running a for-profit company and is other requirements are met, a small business is qualified for STTR grants.

 

8. U.S. Small Business Administration State Trade Expansion Program (STEP)

 

This program operates by distributing federal funds through state entities with the intention of assisting small businesses desiring to export product.

 

Some criteria are set by each state when met by small businesses, the aid can help them gain entry to foreign markets, take part in foreign trade missions and shows, design international marketing products or campaigns and develop websites.

 

9. U.S. Economic Development Administration (EDA)

 

Projects that support regional and national economic development are offered funding opportunities by The EDA which is part of the U.S. Department of Commerce.

 

It can be time consuming, also technical applying for grants, fair amount of paperwork are intertwined with acceptance of free money from the government

 

These entities have their reporting and auditing requirements and their legal and administrative prerequisites so one should be sure one is eligible before filing application.

 

Various rolling-basis EDA investments which fund projects in technical assistance, construction, non-construction, planning, research and evaluation, higher education and others can be applied for.

 

Natural Resource Sales Assistance Program

 

A percentage of goods for bidding by small businesses alone are set aside by the SBA Natural Resource Sales Assistance Program.

 

Large amounts of natural resources and surplus property are sold by the federal government coupled with the billions of dollars spent purchasing goods and services.

 

Most times surplus materials are divided into smaller parcels by the federal agencies so it can be easier for small businesses to purchase

 

There are of five categories which includes:

 

Strategic materials

 

Timber and related forest products

 

Royalty oil

 

Surplus real and personal property

 

Leases involving rights to minerals, coil, oil and gas

 

Training for small businesses on government sales and leasing are made available by this program.

 

 

Government contract assistance

 

Through a competitive bidding process, a lot of money that is spent, through the program, assist some small businesses, leaving them with the opportunity of competing for those federal dollars as The federal government spends billions of dollars on goods and services annually.

 

1. Women-Owned Small Business (WOSB) Federal Contracting Program

 

Women-owned small businesses annually, are awarded at least 5% of federal contracting dollars

 

By offering access to credit and capital, business training, counseling, and federal contracts, support and equal opportunities for all women in business is provided to women entrepreneurs by the Office of Women’s Business Ownership through this SBA program.

 

2. HUBZone Program

 

By making businesses in underutilized business zones more competitive concerning some government contracts, the program this way, provides their support.

 

A 10% price evaluation preference in open contract competitions, set-aside contracts can be competed for by businesses that join the HUBZone program.

 

Service-Disabled Veteran-Owned Small Business Program

 

3% of all federal contracting dollars are awarded to businesses yearly by the federal government, the program aids with meeting that target

 

Here, service-disabled veterans small business owners are offered help by the federal contracting program.

 

The conditions to receive this assistance is that the small business must have long-term goals, day-to-day operations managed by at least one service-disabled veteran, having a service-connected disability and must be over 50% owned/controlled by one or more service-disabled veterans.

 

3. 8(a) Business Development Program

 

By limiting competition for certain government contracts to businesses participating in the 8(a) business development program this program assist small businesses owned by socially and economically disadvantaged entities. A business must be certified as an 8(a) entity to be able to participate in the program.

 

 

 

Federal stimulus aid

 

President Biden’s recently enacted coronavirus stimulus bill (including aid in the form of tax credits, loans and grants) is designed to help, providing $1.9 trillion with the aim of assisting to businesses and individuals as various businesses of all sizes and species have been negatively impacted by the ongoing COVID-19 pandemic.

 

Most have just started, while others have had to rethink their business model.

 

 

 

General small business grants

 

Grants and other assistance are offered to small businesses by many nonprofit and corporate entities.

 

Some of these programs include:

 

1. Equity Match Grant Program

 

$10,000 grants is being offered to women-owned businesses in Connecticut by the Equity Match Grant Program as starting and growing new business is not easy and comes with many challenges.

 

To receive this grant, applications must include detailed projects which explain how businesses would make meaningful use of the grant to expand, grow, multiply and increase profitability.

 

By September 7 the highly-competitive grant is set to open, preparing of applications is recommended to be started for now.

 

 

2. GoFundMe Small Business Relief Fund

 

Qualifying small businesses that have been negatively impacted by COVID-19

will matched $500 grants to by GoFundMe’s Small Business Relief Fund. As low as at least $500 will be raised with the aid of GoFundMe campaign.

 

Corporations like Yelp, Intuit QuickBooks, GoDaddy, Bill.com and GoFundMe team to raise the fund. While small businesses are running their campaigns, they should include “#SmallBusinessRelief” to it whilst filling the form for their business to be confirmed.

 

3. New York Start UP! 2022 Business Plan Competition

 

This competition plan is sponsored by the New York Public Library. It makes $15,000 available to eligible businesses with the aim of promoting it’s growth.

 

The program extends to guilding and mentorship from the NYPL’s Thomas Yoseloff Business Center to the entrepreneurs. This grant only extends and limited to Bronx, Staten and Manhattan residents.

 

4. Alibaba.com Grant Program

 

Online entrepreneurs are on a $500,000 grant sponsored by Alibaba.com in partnership with Hello Alice. This program is with the aim of bringing Entrepreneurs’ ideas to life.

 

$10,000 will be awarded to the winners to support their businesses. You can join by logging in to their website and stating reason your business or project is Innovative.

 

 

5. New York State COVID-19 Pandemic Small Business Recovery Grant Program

 

Based on annual gross receipts from 2019, $5,000 to $50,000 is the grant range of the award.

 

This applications for its Pandemic Small Business Recovery Grant Program is opened by the state of New York with its function for COVID-19 related losses or expenses incurred between March 1, 2020 and April 1, 2021.

 

Selected businesses will be notified by the State beginning from June 28, 2021.

 

 

6. The Barstool Fund

 

Small business who retained many of its workers notwithstanding the affects of COVID-19, and still succeeds.

 

The made of choosing is based on rolling, you can apply today for your business funding.

 

 

7. KKR Small Business Builders

 

In partnership with Hello Alice, KKR launched its Small Business Builders fund. This initiative is with the sole aim to provide COVID-19 recovery grants of up to $10,000 to small businesses.

 

Their philanthropic works extends to access to technical expertise,

mentoring and coaching opportunities

 

 

8. Walmart Local Community Grants

 

Local organizations, through this small business grant would be able to receive funding from Walmart and Sam’s Club facilities. The grant ranges from $250 to $5,000. Application starts December 31, 2021.

 

9. Ohio Small Business Relief Office Grants

 

Currently, multiple grants and relief funds are being offered by the state of Ohio to local businesses impacted by the COVID-19 pandemic.

 

New and established small businesses in the lodging industries, food and beverage, and entertainment industry have the opportunity for the general grants.

 

 

Industry-specific and diversity small business grants

 

Some of the small business grant programs always have easy application process and are meant for specific entrepreneur demographic or profile.

 

Below are the lists of some Industry-specific and diversity small business grants:

 

1. BIPOC Small Business Grant by Annuity Payment Freedom

 

In response to the impact of the pandemic on BIPOC-owned businesses, this grant by Annuity Payment Freedom was founded.

 

It is also made up marketing grants which aid drive traffic and micro-grant opportunities. On a rolling basis, businesses are awarded these grants, winners are mentioned on the end of each month.

 

2. Back Black Businesses grant

 

The Back Black Businesses grant resimes for the 2021 application period.

 

To be eligible for the grant, your interest in receiving a grant when the program opens by September 22 should be indicated.

 

The Coalition to Back Black Businesses joint to the support of founding partner American Express, the support of black-owned small businesses will be continued until it ends in October.

 

Eligible finalists are requested to complete a full grant application.

 

 

3. Comcast RISE

 

Qualifications to apply for this program are: the businesses have been operated by people of color and have been established for at least a year within located a Comcast Business or have to be at least 51% owned or have effectve service area; deadline for the application is 16, October.

 

This Innovative is with the sole aim of helping businesses owned by people of color make advances in marketing, creative media and technology services.

 

4. Amber Grant Foundation

 

The Amber Grant Foundation was founded by WomensNet in 1998. It has the sole aim of supporting women entrepreneurs.

 

$10,000 grant each month is awarded to women entrepreneurs with a compelling story. $25,000 grant is also given to them each December.

 

5. Fiserv + Clover Back2Business

 

Fiserv and Clover is aimed at helping black- and minority-owned small businesses recover from any COVID-related economic losses. This is achieved by providing them with $10,000.

 

It is understandable that most businesses witnessed enough difficulties in the time of COVID-19 pandemic but tried to stay open.

 

Back2Business grant process is accessible only to business located in Oklaholma, Texas and the Greater Detroit area, equally, applications will be accepted through the end of the year.

 

 

6 Black Founder Startup Grant

 

Black and multiracial women and nonbinary entrepreneurs receive $10,000 grants from the Black Founder Startup Grant program from the SoGal Foundation teamed with other sponsors.

 

It’s applications are on a rolling basis and accessible to legally registered business who plan to seek investor financing to scale.

 

7. Creciendo Con TikTok

 

TikTok and the Hispanic Heritage Foundation (HHF) partnering, resolved to fund a $150,000 grant to support 30 Latinx small businesses.

 

During the COVID-19 pandemic, Latinx businesses were affected severely.

 

8. IFundWomen COVID-19 Relief Fund

 

Free coaching to women-owned businesses affected by COVID-19 and COVID-19 Relief Fund that provides community-funded microgrants is rendered by IFundWomen.

 

The distribution of the grant is based on

rolling basis, women entrepreneurs must start a campaign on IFW, to be considered.

 

9. Foundation for a Just Society Grants

 

Global organizations, networks that support the rights of women, girls, and LGBTQI individuals, local, national, regional areas receive grants from Foundation for a Just Society. You can contact the foundation through their email.

 

10. National Association for the Self-Employed (NASE) Growth Grants

 

It is stated in their website that the NASE has distributed over $1,000,000 in grants to its members. Marketing, training and $4,000 of its growth grants is provided.

 

Condition for applying is being a member for 90 days before you can be eligible.

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