If you’re a woman entrepreneur, you know how hard it can be to start and grow your business. While there are many advantages to being in business for yourself, one disadvantage is that you don’t have access to the same types of funding opportunities as other businesses do. However, according to AG Morgan, there are still many different types of grants available for women entrepreneurs that can help with everything from launching your business to funding specific projects within your company. In this post, we’ll cover the most common types of grants for women entrepreneurs and how best to apply for them.
The Department of Commerce administers a number of grant programs available to women entrepreneurs.
The Department of Commerce administers a number of grant programs available to women entrepreneurs. These include:
- The Women’s Business Development Program (WBDP), which provides grants for the development and implementation of projects that increase the number, size and success of women-owned businesses in the United States.
- The Small Business Innovation Research (SBIR) program, which funds research on high-tech solutions for federal agencies or other public sector clients with an emphasis on commercialization potential. Applicants must be small businesses that have fewer than 500 employees; are not dominant in their field; can demonstrate technical merit; and have no more than 50 percent government ownership (this requirement does not apply if you’re applying under Section 9(a)(2) – see below).
The SBA’s Women’s Business Center provides training and certification programs for women business owners and aspiring entrepreneurs.
The SBA’s Women’s Business Center provides training and certification programs for women business owners and aspiring entrepreneurs. The center offers a variety of resources, including:
- Information on how to start your own business
- Training programs that prepare you to run your own company
- Certification programs that help you develop essential skills as an entrepreneur
Private foundations also offer grants to minority-owned businesses.
Private foundations are also a great source of grants for women entrepreneurs. These organizations use their assets to fund projects and organizations that align with their mission statements. Some private foundations have specific goals of helping minority-owned businesses, so you may be able to find one that fits your needs.
Examples of private foundations with focus on minority business:
Local governments may have grant programs for small businesses in your area.
If you’re looking for funding opportunities, one of the first places to look is your local government. Local governments may have grant programs for small businesses in your area. Check with the city council or county board and ask if they offer any grants or loans to help small businesses get started or expand. You might also want to contact your chamber of commerce; they may be able to point out other sources of funding as well.
There is funding available for women entrepreneurs
There are many different sources of funding for women entrepreneurs. Some are government grants, some are private foundations and others are local organizations. You can find funding opportunities on the internet or in your local community.
The best way to find funding for your business is by doing research. The resources we’ve listed here are just a few of the many available to women entrepreneurs. You can also look into local and state government programs and foundations that may be able to help fund your project. And don’t forget about grants offered by corporations or other businesses!