Do Small Business Grants For Women Exist?

The US economy over the past few years has been tough on everyone and it may not seem like the best of times to start up a new company. But, when jobs are scarce, the entrepreneurial among us follow our passions and DO start up companies at a time just like this! Entrepreneurs recognize opportunities and are not afraid of some risk, in return for rewards down the road.

If you are a woman, just starting up a company, or you are trying to expand your already existing company, then you may want to look into some of the many small business grants for women that are still available.

However, there is a misconception about federal government grants for business. US government agencies do not give grant money directly to businesses and individuals for startup. That being said, the government does routinely give out grant money–to states and local communities. The state and community projects, funded by the federal grant funds, can mean money to your business, in the way of contracts and sub-contracts.

The government knows that the most affordable way to create more jobs is to create a climate where small businesses can access money to grow and thrive. If you are a woman owned company, then you are in luck. Many state, and local governments all have programs available that provide small business grants for women who own either part or the whole of their business.

Private foundations and non-profit organizations may have grants available for women-owned businesses in your state or local area. The funds may be matching funds or may be issued in some other way.

If you come to a website that promises they will get you a grant, be careful. There are grants and loans for women entrepreneurs but you may or may not qualify, based on a variety of factors.

However, if you are willing to adapt your business model to the specifications of the grant, then you may be to reap the benefits. Also, keep in mind that grants are not paid back. They are not loans – they are funds given to your company, which you will use to fulfill a particular requirement of the grant. Whether that is create more jobs, or just complete a project, you must comply with the grant in order to receive the money.

That being said, however, getting small business grants for women owned enterprises is a great way to make a move up to the next level with your business. Whether you are just starting up or you have been in business for years and want to start growing, now is the time to go find your grant.