If you’re a woman looking to start a small business, you might know that getting the money to do it can be extremely difficult. The government isn’t usually keen on offering grants to women – or men – who want to open a business. That’s because they prefer giving that money to non-commercial entities, like nonprofit organizations or universities. Luckily, there are a few organizations that offer small business grants for women. They recognize that women still have a harder time getting financial support than men. Today, we’re going to talk about 3 such grants and see how you can access them.
3 Small Business Grants for Women to Check Out
1. Amber Grant for Women
The project Amber Grant for Women was started by Womensnet.com in 1998. It’s a project honoring the memory of a woman called Amber. She was a young entrepreneur who passed away before she could fulfill her dreams. Nowadays, this grants aims to help women just like Amber achieve their business goals. The incredible thing about it is that they offer a grant of $500 each month. Then, at the end of the year, one of those 12 lucky women also gets another $1.000. If you’re interested in applying for this grant, all you have to do is access their website, talk about your dream, and pay an application fee of $7.
2. The Halstead Grant
The Halstead Grant is a more specific type of small business grant for women. That’s because it only targets women who want to work in the jewelry industry. If you’re a female jewelry designer at the beginning of your journey, and you live in the United States, you’re qualified to apply for this grant. Especially if you haven’t been in the business for more than 3 years, The Halstead Grant is just what you need to make it work. If you win their grant, you’ll receive $6.000. Moreover, they’ll also provide you with $1.000 that you can spend on jewelry supplies from Halstead. If you want to find out more about the 2017 call for entries, make sure to check out their website.
3. Open Meadows Foundation
Yet another grant that encourages women to open small businesses, the one offered by Open Meadows Foundation doesn’t only target women applicants, but also projects that specifically benefit young girls or women. The main goal of this grant is to support business ideas that promote racial, economic, and gender justice. If you’ve started such a project and are having a difficult time finding funds that can help you grow, you can try to apply for this grant. Just be aware of the fact that if you have more than $75.000 as a budget resource, you’re not eligible for it. If your budget is lower, consider applying by accessing their website. If you win, you’ll get a grant of $2.000.
We hope at least one of these small business grants for women has drawn your attention and convinced you to apply for a chance to get your business off the ground. Moreover, consider checking the dos and don’ts of obtaining a startup business loan before applying.
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