NAVIGATING THE WORLD OF SMALL BUSINESS GRANTS

The popular and easy method of accessing financial assistance for your business through the SBA with EIDL and PPP policies now coming to an end, it is time to get back to the world of grants. Surprisingly, finding and applying for grants is not as challenging as many may believe. In fact, before COVID 19, small business grants were the best way to gain capital and develop your business.

Grants are always deemed a better way to access financial resources because these funds are not required to be repaid. The funds are offered for a variety of reasons. You have to read a grant offer very carefully to make sure that your business aligns with the reason for the grant. You must understand the type of grant before you apply or you will be wasting your time creating an application for the funds.

Here are a few types of grants out there:

• Minority-owned business grant

• SBA business grants

• Business grants for women

• Business grants for veterans

The biggest challenge in the world of grants is finding them. But if you put the effort in to find them, the reward can be worth the work. Visit https://smallbiztrends.com/tag/small-business-grants and review their list of grant opportunities. The internet will be your friend in your search. Be sure that you ensure that your business meets the requirements of the grant. You never want to waste your time going through an application process only to be rejected because your business didn’t qualify for the grant you applied for. So pay careful attention to those details.

This is a basic look at grant pursuits and I wish everyone success in finding the financial resources you need to make your business a success. If you know of other sources where grant information can be found, please feel free to share in the comments.

Good luck!!!