7 Small Business Grants to Check Out in 2023

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It’s like a scholarship for your business!

Key Point

• The Grants.gov website (and app) offers a huge database of grants from various sources and industries. You should also check with your local government/chamber of commerce.
• Some large companies and trade associations offer grants and other helpful resources to grow your business.

What do business loans, lines of credit, and small business credit cards have in common? They need to be paid back.

If you need to fund a small business but don’t want to have debt on the books, a grant may be the best way to go. Additional benefits are also available.

As with scholarships for education, grants for small businesses come in many shapes and sizes. You can find grants for companies in specific industries, companies to develop specific products, companies helping underserved communities, or companies with owners from different backgrounds. increase. Below are some grant resources worth checking out.

1.Grants.gov

This massive database hosts thousands of grant opportunities across industries. You’ll also find tools and advice on how to find, apply for, and leverage grants for your business. If you don’t know where to start, start here.

More information: Grants.gov

2. Local Chamber of Commerce

The federal government isn’t the only one providing subsidies to small businesses. Your state or local government may also offer funding opportunities. The local Chamber of Commerce can also help you find potential grants from local businesses and local universities.

More information: Chamber Directory

3. SBA Research and Technology Grants

The U.S. Small Business Administration has several grant programs for companies engaged in scientific research and technology development. They are the Small Business Innovation Research Program (SBIR) and the Small Business Technology Transfer Program (STTR). Your small business needs to meet specific industry requirements and these grants are competitive.

More information: SBA.gov

4. NASE Growth Grants

The National Association for the Self-Employed (NASE) is a trade association that provides growth grants to eligible small businesses. Please note that he must be a member of NASE for at least 90 days to apply for the grant.

More information: NASE.org

5. FedEx Small Business Grants

If your business involves shipping goods, you may be eligible for a FedEx Small Business Grant. For small businesses that have been using FedEx shipping numbers continuously for 6 months or more. Only companies with fewer than 99 employees are eligible.

More information: fedex grant

6. Fast breaks for small businesses

The Fast Break for Small Business program is the result of a partnership between the Accion Opportunity Fund and LegalZoom.com. Each year, during the NBA season, he offers his LegalZoom products with subsidies and free to eligible companies. Your business must be at least 6 months old and have less than $1 million in annual revenue.

More information: fast break program

7. Amber Grant

WomensNet, an organization dedicated to helping women achieve their business dreams, pays tribute to 19-year-old Amber Wigdahl, who died before achieving her business goals. Giving out Amber Grants. Grants are awarded monthly, quarterly, and annually, although the frequency and amounts of grants vary.

More information: Amber Grants

Check the date and read the fine print

The most important thing when applying for a grant is to make sure you meet all the eligibility requirements, including submitting your application by the deadline. Read all the fine print and requirements so you don’t miss anything.