We can’t all be as lucky as Jeff Bezos, who had his parents send him $250,000 for him to create Amazon. We have to find our money elsewhere.
A small business grant is free money to start a small business, start-up, or project funded by the government, non-profits, or other organizations to help.
One of the most popular places to search for grants would be the Grants.gov & SBA. It is an excellent place to start searching for grants to get free money to start a business.
First, we have Grants.gov: Grants.gov is an extensive database of federal grants across the various agencies in the government, such as educational grants, local government grants, non-profits, and other organizations that may be offering grant money.
Second, Small Business Innovation Research Program (SBIR): It is an award-based competitive program that seeks to find for-profit businesses located in the United States, owned and operated by at least 50% of U.S. residents or citizens,
Third there’s the Small Business Technology Transfer Program (STTR): They help fund research and developments like the SBIR but need the business to collaborate with the research institution formally.
Fourth, the USDA Rural Business Development Grants: The USDA uses grants money to help small businesses in rural areas develop and grow. There are requirements such as less than 50 employees and less than $1 million in gross revenue per year.
The SBA has several agencies that help provide grant money to the state and local areas. It’s always a good idea to check out these specific state grants at the state or local. Finding free money to start a business could be right under your nose.
Fifth First, the Economic Development Administration: It is a U.S. Commerce agency that helps provide grants, resources, and funding to entrepreneur efforts that provide economic growth in local communities.
Six there’s the STEP Program: It is a program designed to reimburse more than $6,000 of exports to those small businesses new to exporting. The STEP program is an example of a State or Regional Business grant helping local small businesses with start-up cash.
Seventh Finally, the Small Business Development Centers: There are many Small Business Development Centers in local communities helping small businesses with resources and funding. They usually work with local state universities or local agencies.
Eighth Verizon Small Business Recovery Fund: Verizon is giving away money to many small businesses in underserved communities. They are giving up to $10,000 to small businesses in areas where the pandemic in those underserved communities has badly hurt.
Ninth State and Local Governments: Many state and local governments continue giving grants to small businesses that the pandemic has hurt. Take a look to see how your small business may qualify and apply for the grant money.
Tenth FedEx Small Business Grant Contest: The company's annual grant competition awards ten small businesses that accumulate up to $250,000. The grand prize winner will receive a $50,000 grant and $4,000 in FedEx print and business services.
Eleventh Visa Everywhere Initiative: The Visa Everywhere Initiative is a tech, forward-thinking initiative targeting start-ups offering new products that will integrate Visa services. They target five regions around the globe and will have a grand prize of a $100,000 grant to the small business that can win the competition.
Twelfth National Association for the Self-Employed (NASE): Allows applicants to apply for grants up to $4,000. Many of these recipients have been able to buy computers and farm equipment to help get their businesses off the ground.
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