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How to Start a Grant Program from Scratch

Start a grant and make a real impact that lifts up your community.

Creating a grant and becoming a grant funder may take some effort, but it can be incredibly rewarding and impactful if you do it right. 

It can also—no exaggeration—change the world.

Giving back to your community through starting a grant program is an admirable act of altruism that ensures your resources will be used on specific projects, consistently over time, and in line with your interests, passions, and goals.  

But where do you start when you start a grant? Even if you already have funding secured, launching a grant opportunity can be intimidating and daunting, especially if you’ve never done it before. 

Starting a grant without taking the proper steps can create tax issues, waste resources, or decrease the impact of your final program. 

Launching a grant the right way takes significant planning, research, and thoughtfulness. Here’s how to start a grant one step at a time, to get you from idea to implementation. 

1. Choose your focus and mission 

The issue your grant program addresses should be specific, but not so specific that you’ll have trouble finding applicants. 

Grantmaking goals tend to fall into one or more the following broad categories: 

• Help marginalized groups 
• Educate 
• Save the environment 
• Work toward equality 
• Forward science/knowledge 
• Provide basic needs 
• Spread humanity 

Within one or more of those goals, identify a specific angle for your organization’s mission. Your grant may center on funding housing for the homeless in your city, bankrolling science classes for African-American girls in middle school, or creating more habitats for spotted owls. 

If you don’t have a clear idea for your organization’s focus or mission, consider funding a project based on your passions and interests. For example, do you spend a lot of time outdoors, or do you play music professionally? That could guide your community grant. 

Also consider what helped you find success: perhaps it was an arts program that made you less shy, or an after school math team program that helped you find your strengths. 

Next, make certain that the community actually needs what you want to offer by conducting a needs analysis. There may already be similar programs or grants in place; your grant wouldn’t create much of an impact in that case. Referencing a grant report that outlines existing programs in your area can save you a lot of time and help you focus your grant on real needs. 

Bottom line: when you start a grant, choosing a mission should be a careful consideration of your areas of interest and the needs of those you want to help. 

2. Determine whether you need to set up a foundation 

Private foundations often fund grants from one source—like an individual, an estate, or a corporation. They are tax-exempt and managed by a director or a board of trustees and allocate their money to nonprofit organizations who apply for funds. 

If you have private funds with which to establish your grantmaking program, you’ll likely want to establish an incorporated private foundation. 

If you’re planning to fund your grants via a fundraising plan and public donations, you’ll likely need to establish a public charity, community foundation, or nonprofit organization. These organizations are also tax-exempt and are funded by public donations or grants from larger entities. 

If you don’t care about the tax benefits of offering grants, your options are wide open as long as you have funding secured. You can distribute your money as you’d like, and focus on the nitty gritty of determining your mission and how you will collect, review, and accept proposals. 

However, the vast majority of people and groups establishing grants definitely want to take advantage of the tax benefits. 

Because foundations involve significant start-up costs and efforts, you may consider running your grant through an already established foundation, charity, nonprofit, or other organization. This is a good option if you:

• Don’t mind working with a larger group
• Are comfortable giving up some control
• Can locate an organization that shares your mission and goals
• Don’t wish to run your own foundation

If this option sounds best to you, begin by researching possible organizations to work with and contacting their leaders with your grant idea. In this case, you’ll want to skip down a few steps and firmly establish your grant’s funding, focus, and mission before you go any further. 

Otherwise, continue to the next step to learn more about starting your own grantmaking foundation.

3. Consult with legal and tax professionals 

You’ll want to consult with an attorney, accountant, and/or financial advisor to validate your decision to set up and incorporate a foundation (or not). 

These professionals can also help you with the following documents and forms: 

• Articles of incorporation
• Foundation bylaws 
• Tax-exempt status (IRS Form 1023)

While incorporating and achieving tax-exempt status are not required, they are highly recommended for most people who wish to start a private foundation. 

Having tax-exempt status saves you from having to pay the government for your charitable endeavors and increases the impact of your grant program. 

Incorporation allows your foundation to become its own legal entity, which ensures that it can continue even after your involvement ends. It also ensures that you will not be personally liable if legal issues arise.

4. Assemble a Board of Directors 

Once you’ve created your grantmaking entity, it’s time to put together a Board of Directors or panel of trustees. The size of this group can vary, but every one should have a few things in common: 

• Passionate about the mission of the grant 
• Available to dedicate time and energy to your cause
• Knowledgeable about some aspect of your grant program or mission 

It’s completely acceptable to add friends or acquaintances to your board. But it’s also important to achieve diversity: not only is it the right thing to do, but it will help your foundation to have a board with a wide range of experiences and knowledge. 

Consider an application process for your board. You can even use Submittable to collect, review, and select board member applications much in the same way you’d use it with grant proposals. 

5. Determine grant funding details

Finally, with the assistance of your new board, it’s time to dig into the details of your grant funding. 

Depending on your goals, your mission, and the funds you have available, you need to make decisions about both time and money. More specifically, you should focus on three questions: 

What’s the best size for your grant program? 

Do you want to give a very large amount of money to one large organization, like some federal grants and government grants do? Or do you want to give a series of microgrants to dozens, hundreds, or thousands of grantees, as you would with small business grants or small business loans? 

Depending on your program, one avenue could have a much larger impact than the other. 

What’s the best duration for your grant program? 

Different grants have different lifecycles. Some run annually, some run seasonally, and others run continuously. 

Which grant lifecycle gives you enough time to execute on administrative tasks while also allowing your money to make a difference?

How will grant funds be used? 

As the one awarding funds, you get to decide exactly how grant funds can be used by grantees. 

You can be as strict or lax as you’d like—although in recent years, the trend in philanthropy has been to give grantees more leeway to spend their grant money on general operating costs or adjacent expenses. 

Remember: these funding details are not set in stone and you can make changes as you learn. When you start a grant program, you will make mistakes and require adjustments (and that’s okay!).

6. Write a business plan 

Next up: your business plan. Specifically, when you start a grant program, your business plan should include details on how you’ll allocate the program’s funds, and what resources you’ll need to make the program efficient and effective. 

You want to strike a smart balance between spending on grants versus administrative and operational costs. After all, effective grant management requires having sufficient resources. 

Luckily, your board of directors will be there to help you through each part of this step, from allocating spending to hiring. 

7. Write a marketing plan 

Branding and marketing are your next project. You’ll need a logo and tagline, and you’ll need to establish your tone and voice. You’ll need a website and social media accounts, too. 

You’ll also need to start thinking about brand awareness and your marketing budget for advertising and PR. 

Be sure to reserve part of your marketing budget for advertising your call for grant proposals.

8. Establish the grant’s terms

Writing out a grant’s guidelines at this point should be pretty straightforward since you’ve already determined your mission, your focus, your funding details, and your lifecycle. 

The grant’s terms and guidelines should include absolutely everything that a grant writer would need to know to apply, including: 

• All important deadlines 
• All grant requirements 
• All application requirements 
• The grant’s goal/mission 
• The amount of the grant
• The grant’s timeline 
• The grant’s reporting requirements 

Once you have your guidelines, format them so that they’re easy to read and accessible on a landing page. 

Make certain that your landing page is branded and easy to find for grant writers and grant seekers. Submittable’s grant management system makes it easy to set up your branded landing page and guidelines. 

Want to speed up your grant management process?

Submittable simplifies even robust grant review processes to save you time.

9. Set up an application process 

It’s finally time to set up your grant application online so you can start accepting grant proposals.

With the help of your grant administrators, use a grant management platform like Submittable to build your application form. 

When creating your grant application form , find a happy medium between asking for too much information (which creates a barrier to applying) and not asking for enough information (which makes it hard to pick the best applications). 

The length of your application should also reflect the size and heft of your grant. A grant writer will put more time and effort into a government grant or federal grant worth millions, but less time into a small business grant that is for a few hundred or a few thousand dollars. 

Submittable’s form builder has the fastest implementation of any platform by a long shot, and our features make it easy to create responsive, accessible forms with logic and conditions that fit your exact needs. 

Plus, Submittable’s eligibility quizzes save you and applicants time by screening out unqualified candidates before they even get to your application.

10. Organize a review process and post your call for proposals 

Assemble a review board and a process for reviewing grant applications and picking successful grant proposals. 

Considerations for your review board: 

• How many people will you need to review grant proposals? 
• Will any or all of these people need specific expertise? 
• How will they be compensated? 
• How much time will they need to dedicate to you? 
• Where will your reviewers be located? Will they be remote? 
• What kind of training will your reviewers require? 
• How will you ensure diversity and inclusion on your board? 

Considerations for your review process: 

• What will your scoring rubric be? 
• How many rounds of review will you require? 
• Will you engage in anonymous review, or keep any fields hidden? 
• How will you minimize bias during your process? 
• How long will this process take? 
• Will you share review comments or notes with your grant applicants? 
• How will you determine the final decision? 

Submittable makes it easy to systematize almost all of these considerations, making your review process more efficient, more effective, and less prone to bias. 

One of Submittable’s many review features includes multiple rounds of review, so that you can easily divide and conquer even the largest and most complex grant application processes. 

Welcome to the world of giving 

Establishing a grant the right way takes time, resources, effort, and care. But even small business grants and grants for individuals can change lives and shape the world we live in. A grant award of any size can make your community better.  Start a grant, change the world.

Once you establish your foundation, create your board, and turn your thoughts into a mission, Submittable can help you with every detail of collecting and reviewing grant applications.

Making a grant is work, but it doesn’t have to be quite as much work as it used to be. 

Sarah Aswell is an editor and content strategist at Submittable. She’s also a writer and stand-up comedian who gets rejected via Submittable all the time. You can read her comedy criticism at Forbes , follow her on Twitter , or learn more about her creative work on her website .

Better grants management starts here

Try the trusted and intuitive option for streamlined grants management.

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About Submittable

Submittable powers you with tools to launch, manage, measure and grow your social impact programs, locally and globally. From grants and scholarships to awards and CSR programs, we partner with you so you can start making a difference, fast. The start-to-finish platform makes your workflow smarter and more efficient, leading to better decisions and bigger impact. Easily report on success, and learn for the future—Submittable is flexible and powerful enough to grow alongside your programs.

Submittable is used by more than 11 thousand organizations, from major foundations and corporations to governments, higher education, and more, and has accepted nearly 20 million applications to date.

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Small business grants: 20 options to apply for free funds for your business

No matter what kind of small business you own, there are grants available to help your business grow. Read on for details on grant options and databases.

Ready to start your business? Plans start at $0 + filing fees.

by   LegalZoom staff

Read more...

Updated on: February 15, 2024 · 14 min read

• What are small business grants, and who is eligible to receive one?

Grants for starting a small business

Small business grants for women, small business grants for minority groups, business grants for veterans, business grants for startups, applying for a small business grant: 4 process tips.

Looking for a little financial assistance to help launch or grow your small business? Check out these grant opportunities—including LegalZoom’s Fast Break for Small Business grant program.

Small business grants offer funds to grow your business in a variety of ways. In many cases, you can use grants for things like operations, marketing, or expanding your team. Finding out which grants you may be eligible for is crucial so that you can start applying.

In this article, we'll cover the basics of grants and give you tips about how to score more of them.

What are small business grants, and who is eligible to receive o ne?

Small business grants are amounts of seed money given to entrepreneurs  to build their businesses. Grant money is considered “gifted," and you are not required to pay it back. Sometimes, you may need to pay taxes on the amounts received, so please consider this and talk to a tax professional.

To secure a grant, you may have to do things like:

• Meet eligibility requirements
• Submit applications
• Go through interviews

In exchange, you could be awarded financial resources to  build your brand , team, and operations.

Government entities or private businesses establish most grant programs because they want to help others succeed.

Tip:  Search grant databases, such as  GrantWatch , to find available grants in your industry. GrantWatch is an online hub for more than 26,000 grants in the United States and Canada in which you can browse various funding opportunities easily by filtering your specifications.

Grants vs. loans: What's the difference for entrepreneurs?

A  loan  is funding you must pay back to the creditor who loaned you the money. In contrast, a grant is “gifted" money you don't need to pay back.

You will have to apply for both grants and loans, but a loan application considers your ability to repay the money, while a grant application considers your merit as it applies to the rules of the grant.

If you’re considering a loan, LegalZoom’s Fast Break for Small Business grant fund administrator, Accion Opportunity Fund , is an inclusive Community Development Institutions Fund (CDFI) dedicated to helping small business owners. They provide support through affordable small business loans, coaching, educational resources, networks, webinars, and policy advocacy. 

4 types of grants available to small businesses

Grants of many types are available to small business owners and are grouped into four main categories. Your eligibility for these grants will depend on your products and services, how you own your business, and your business's mission.

The four types of grants available to business owners are:

• Federal grants : The government gives grants to stimulate the economy. These grants are drawn from the U.S. general federal revenue.
• State grants : These can be smaller than federal grants, but because of their state-specific requirements, the competition is often slimmer. This makes them more attainable for many organizations. Even though they may be smaller than a federal grant, they can still be a much-needed financial boost.
• Local grants : Small establishments are the main focus of these grants that directly stimulate the community around them.
• Corporate grants : These grants, given out by corporations, can have various requirements, come in different amounts, and be suited for specific or broad types of businesses. In most cases, companies set aside money at the beginning of the fiscal year and host competitions to distribute funds.

There's plenty of grant money available for entrepreneurs. Look into funding from the following sources to help your business. These grants were available at the time of publishing and may not still be available.

1. LegalZoom’s Fast Break for Small Business grant program

Together with the NBA, WNBA, and NBA G League, LegalZoom is offering $3 million in grant funding and services to small business owners and emerging entrepreneurs, with a $6 million commitment over three years. Apply today through Sept. 15, 2024, for your chance at a $10,000 small business grant and/or up to $500 in LegalZoom products and services.

• Award amount : $10,000 for established businesses, $500 in products and services for emerging entrepreneurs
• How to apply : Apply on Accion Opportunity Fund’s website .  

2. Grants.gov

The U.S. Department of Health and Human Resources created Grants.gov in 2002. It's a government program operated by the Office of Management and Budget. The program provides resources and assistance for grant seekers to find and receive funding.

• Award amount:  Varies
• How to apply:  Visit grants.gov for details on specific grants.

The website allows you to search for federal grants and check your eligibility before applying for one. You can also track your grant applications once submitted.  

3. Local chamber of commerce

Start by researching grants within your community—your local Chamber of Commerce is a great place to start.

• How to apply:  Reach out to your local  Chamber of Commerce  for information.

Although some grants have stipulations like industry, business type, size, and location, your local chamber of commerce should be able to connect you with grants that fit your situation. Their team can also provide your small business funding services, tips, and resources.

4. Small Business Innovation Research Program (SBIR)

The Small Business Innovation Research Program (SBIR) is a competitive grant program for small businesses. This program helps fund entrepreneurs in the research and development industry to support scientific and technological innovation.

• Award amount:  Phase 1, $50,000–$250,000 for six months or one year; Phase 2, $750,000 for two years (only available for businesses who previously received a Phase I grant).
• How to apply:  Apply with a  specific solicitation  if you meet industry requirements.

A  solid business plan  is a must before you apply. A plan will clarify your business's direction and how it can benefit your community.

5. Small Business Technology Transfer Program (STTR)

Small Business Technology Transfer Programs are similar to SBIRs but focused on the technology industry. This grant is issued to businesses in the technology industry.

These grants help fund innovative technological advancement in many fields with the intention of boosting the economy.  

6. FedEx Small Business Grant

FedEx hosts a small business grant contest to provide funding for ambitious entrepreneurs. The contest has tough competition, with nearly 18,000 applicants for the grant in 2022.

• Award amount:  Up to $30,000
• How to apply:  Visit the  FedEx website  for specific application details.

This grant is open to small business models with a story “worth telling," so if you plan to apply, pinpoint what makes your business unique.

7. National Association for the Self-Employed (NASE) Growth Grant

The  National Association for the Self-Employed (NASE) Growth Grant  was established in 2006. Over the years, NASE has awarded roughly $1,000,000 to entrepreneurs to help grow small businesses.

• Award amount:  Up to $4,000
• How to apply:  Visit NASE's  website  for information on the grant and how to become an NASE member.

You must be a member of NASE to apply for this grant, but winners can receive up to $4,000 to go toward marketing, team growth, and other needs.

Several small business grants are available exclusively to women, and more arise every year to tackle inequality in funding.

8. Amber Grant Foundation

WomensNet founded the  Amber Grant Foundation  in 1998. Its mission is to help aspiring  female small business owners  fund their dreams in honor of Amber Wigdahl, the grant's namesake.

• Award amount:  $10,000–$25,000
• How to apply:  Visit WomensNet's  website  for details on monthly and annual grant gifts. This grant has a $15 application fee.

In the first week of every month, $10,000 is awarded to a woman pursuing her entrepreneurial passions, from “scientific inventors to bakers," according to the WomensNet site. At the end of each year, the foundation also grants one woman $25,000.

9. Live Your Dream Award

Each year, the  Live Your Dream Foundation  grants $2.1 million in educational funds to women on behalf of Soroptimist International. This foundation focuses on women who have survived sexual violence or other traumatic events.

• Award amount:  $1,000–$10,000
• How to apply:  Visit Soroptimist's website  for more information.

The Live Your Dream Foundation offers programs and funding that help women build confidence, advance their careers, and overcome unexpected situations. 

10. Cartier Women's Initiative Award

This grant program is for eco-friendly and sustainable women-owned businesses around the world. Cartier offers three funding types:  regional awards ,  diversity, equity, and inclusion awards , and  science and technology pioneer awards .

• Award amount:  $30,000–$100,000
• How to apply:  Visit the  Cartier Women's Initiative website  for more information on various awards.

11. American Association of University Women (AAUW)

The American Association of University Women not only offers academic and research grants but also grants for career development for women looking to change careers or reenter the workforce.

• Award amount:  $2,000–$20,000
• How to apply:  Visit the  AAUW website  for a timeline and eligibility requirements.

In addition to grants for individual career betterment, the AAUW also grants funds for projects that encourage and jump-start young girls' careers in technical fields.

12. Stacy's Rise Project

Stacy's Snacks is a women-led brand that launched the Rise Project to help women grow their businesses in the food industry. The project offers funding in addition to mentorship and opportunities for community and networking.

• Award amount:  $25,000
• How to apply:  Visit the  Stacy's website  for grant information

Past winners have received more than $450,000 to grow their products with mentorship.

13. Tory Burch Foundation Fellowship Grant

Designer Tory Burch has a fund with the goal of mentoring and uplifting women entrepreneurs across all walks of life.

• Award amount:  $5,000
• How to apply:  Visit the  Tory Burch website  for details on the fellowship program and the foundation itself.

In addition to a monetary grant, the fellowship program offers a yearlong education model with mentorship tailored to your needs. The foundation also offers a peer network of other recipients and a trip to Burch's New York office.

Many small business grants celebrate this diversity by offering grants specifically for minorities to help you and your business grow.

14. Sephora Accelerate

Sephora is a makeup retailer that launched its  Accelerate  grant program to uplift minority business leaders. Each fall, this program helps fund and mentor entrepreneurs in the beauty industry.

• Award amount:  This is a non-monetary award that offers mentorship and a potential Sephora-exclusive product launch
• How to apply:  Visit  Sepora Accelerate  for more information on eligibility and selection criteria.

Though rewards for this grant aren't monetary, they do involve a hefty financial advantage. Winners receive access to a six-month boot camp and are eligible to launch their products directly with Sephora.

16. National Minority Supplier Development Council (NMSDC)

The  National Minority Supplier Development Council  is a top corporate membership organization that offers business services and networking opportunities to connect you with investors and build your practice.

• How to apply:  Visit the  NMDSC website  for more information on offerings and one-off funding and grant opportunities.

Although grant opportunities run the gambit, access to the NMSDC's roster of mentors and community small business advisors is top-notch.

17. Operation Hope Small Business Empowerment Program

The  Small Business Empowerment Program  from Operation Hope offers eight and 12-week entrepreneurship training programs with funding opportunities.

• How to apply:  Visit   Operation Hope  for details and other entrepreneurial growth opportunities.

18. SBA Funding Programs

The  SBA grant program  offers a few funding options—research and development, exporting, and associate rewards. Grants vary by year, and eligibility may differ depending on each grant offering.

• How to apply:  Visit SBA  for more information on grant offerings.

The SBA also offers a Veterans Business Outreach Center services for veterans to help assist in operations, funding, and other business needs.

Thanks to certain organizations, veterans are on the receiving end of many small business grants and programs.

19. The Second Service Foundation

The Second Service Foundation's mission is to inspire and support military entrepreneurs. It grants businesses funding, shares educational content, provides mentorship and coaching, and hosts networking events.

• Award amount:  $4,000–$15,000
• How to apply:  Visit the  Second Service Foundation  for more information on grant offerings.

Since 2016, the foundation (formerly The StreetShares Foundation) has built a strong community of over 85,000 members and helped more than 5,000 entrepreneurs build their businesses.

20. VA VR&E Business Ownership Track

If you're a veteran with a disability and an entrepreneurial passion, reach out to the  VR&E Self-Employment Track program . This program helps coordinate services to build your business—starting with your business plan. Team members assist in small business operations, marketing, and finances.

• Award amount:  Non-monetary. Assistance with planning and growing a business.
• How to apply:  Visit the  VA.gov  for more information on program benefits.

While the program isn't a monetary grant, the resources provided to recipients are valuable for planning and scaling a business as a veteran.

In all likelihood, you'll need funds to take your business model to the next level. Instead of taking out a business loan, consider these startup grants.

20. Economic Development Administration (EDA) Grants

The Build to Scale (B2S) Program seeks to build regional economies by funding scalable startups through various grant competitions. Total funding stands in the millions, with $45 million in federal funds available to startups in 2022.

• How to apply:  Visit EDA.gov  for details on grant competitions.

The B2S program accepts applications for three different competitions: Venture Challenge, Capital Challenge, and Industry Challenge.

Small business grants come in many forms and have various requirements. While there's nothing you can do to guarantee you get a grant, there are some things that can increase your likelihood of getting picked for one.

1. Start local

Nationwide grants can be appealing due to their large awards. Before you spend countless hours preparing submissions for nationwide grants, consider starting locally.

Look for any small grants offered by your town or city. Then, branch out to the state level and regional level. These grants may not be as big as some of the ones offered to the entire country, but you'll also be competing with a smaller pool and have a greater chance of winning funding.

2. Research previous winners

If you've found a grant that looks like a good fit for your business, do some digging and see who the previous winners were. Note any patterns you see between the business.

Seeing what kinds of businesses are awarded a certain grant can help you narrow down if your business is a good fit, what you could do to increase your chances, and ultimately help you save time by not applying to a grant you're unlikely to land.

3. Take your time with applications

Grant applications can be long and grueling. Take it slowly when filling them out, and don't let yourself get overwhelmed by trying to rush them. A mistake on the application could cost you the grant, so make sure it's time well spent by filling out the forms the right way.

Similarly, take your time developing your story before you start writing grant applications. Many grants may ask entrepreneurs to appeal to emotion in their applications, wanting to hear about the “why" behind your motivation to grow a business besides financial gain. A confident story can be a great asset before embarking down a path of grant applications.

4. Consider hiring a grant writer

Grant writing is an art, so consider hiring a grant writer. A grant writer will know what kind of language to use to make your application stand out, which can make quite an impact when you're competing.

It's worth noting that grant writers can be expensive. So, if you're strapped for cash, you may want to hold off and consider taking some  free grant writing courses  instead.

Before applying to grant programs, ensure you've  covered all your business's legal bases  and have a story to tell along with a business plan to show.

When you’re ready to take your business to the next level, LegalZoom will be there to help you every step of the way.

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Small Business Grants: Your Guide to Finding Funding

Small business grants provide financial aid without the burden of repayment, but obtaining them may be competitive. Federal and state agencies, corporations and industry-specific organizations may offer grant funding.

Quality Verified

Updated: March 15, 2024

• Small Business Grant
• Federal & State Grants
• Corporate & Private Grants
• How to Apply
• Specialty Grants
• Alternative Funding

Additional Resources

Advertising & Editorial Disclosure

Starting a small business is rewarding, yet securing initial funding is a common hurdle. Grants provide financial support without the obligation of repayment, but the allure of 'free money' typically results in stiff competition. As an entrepreneur, understanding the various types of grants, their advantages and limitations and the application process will help you secure grants that align with your business needs and increase your chances of acceptance.

Small Business Grants Key Takeaways

Understanding the landscape of small business grants helps entrepreneurs looking to finance their ventures effectively.

Grants provide non-repayable financial aid to foster business growth, innovation, or project development.

A broad range of grants are available, including federal and state grants, industry-specific funds and those aimed at particular demographics, such as women or veterans.

In contrast to loans, grants are "free money" with no repayment obligation, whereas loans accrue interest and require repayment.

Entrepreneurs should regularly visit federal and state government websites to find grants, connect with industry organizations and nonprofits and look into corporate programs. Keep in mind that grants are often time-sensitive.

What Is a Small Business Grant?

Small business grants are funds designed to support ventures that may not appeal to conventional lenders yet offer significant community value. These grants, sourced from government entities, private corporations and philanthropic organizations, are unique because they do not require repayment. The amount awarded can vary significantly, with some grants as modest as a few hundred dollars and others providing substantial support well over $10,000.

Grants vs. Business Loans: Key Differences

Grants may seem the ideal choice due to their non-repayable nature, but they come with their own challenges and stipulations. On the other hand, while requiring repayment, business loans can offer more flexibility and may be more accessible.

Federal and State Small Business Grants

The U.S. Small Business Administration (SBA) is a primary source for federal small business grants, providing various funding opportunities. These include grants and loans available through its Small Business Development Centers , many targeting businesses that focus on research and rural economic development. Numerous other federal and state agencies also offer specialized grant programs for small businesses.

Small Business Innovation Research Program (SBIR)

The SBIR program is a competitive grant initiative targeting small businesses engaged in research and development. Its goal is to stimulate scientific and technological innovation. The program is structured into three phases, each designed to serve distinct objectives and advance participants to the next stage of development.

Key Details

Small business technology transfer program (sttr).

Like the SBIR, the STTR program emphasizes collaboration between research institutions and small businesses. A key feature of the STTR program is its requirement for the small business awardee and its associated institution to formulate an intellectual property agreement.

USDA Rural Business Development Grant

Administered by the U.S. Department of Agriculture, the Rural Business Development Grant program aims to bolster small businesses in rural communities. It focuses on stimulating job creation and economic development and providing financial assistance to businesses that are pivotal in rural growth.

The USDA provides two grant types: Opportunity and Enterprise. Opportunity grants are limited to up to 10 percent of the total annual grant funding. Enterprise grants are for projects that benefit small and emerging businesses in rural areas, as specified in the application. To learn more about how these grants can be used, visit their website .

Program for Investors in Microentrepreneurs (PRIME)

The PRIME program offers federal grants to microenterprise development organizations. These organizations also assist disadvantaged microentrepreneurs.

State Trade Expansion Program (STEP)

The STEP program supports small businesses aiming to expand their reach into international markets. This program grants businesses involved in exporting, assisting them in participating in foreign-market trade shows and other global expansion opportunities.

Environmental Protection Agency (EPA) Grants

The EPA Grants provide grants for small businesses striving to enhance the environment. These grants support innovative solutions and initiatives that address concerns such as air and water quality, pollution prevention and overall environmental quality.

Economic Development Administration (EDA) Grants

The EDA provides various programs, funding opportunities and grant competitions. Note that the EDA doesn't provide direct grants; you can review their funding options and apply accordingly.

National Institute of Food and Agriculture Grants

The NIFA provides grants to support small businesses within the agriculture and food sectors through three primary funding mechanisms: competitive, capacity and non-competitive. Competitive grant programs utilize a peer review process to select the best proposals from various institutions. Capacity grant programs help maintain research and extension capabilities within the Land-Grant University System. Non-competitive grant programs, mandated by Congress, support designated institutions in research, education or extension activities vital to state or regional needs.

Corporate and Private Grants for Small Businesses

Corporations and large companies often offer small-business grants as part of their philanthropic efforts. Some of these grants cater exclusively to nonprofits servicing industries. A significant number are also available to for-profit companies as well. While the application process might be more competitive, the potential rewards make it a valuable avenue for businesses seeking financial support.

How to Apply for Small Business Grants

Grant programs typically operate on annual cycles, announcing recipients well after applications are submitted. Given the fierce competition and precise eligibility criteria, it's helpful to understand the distinct requirements of each grant thoroughly. Using the steps below, you can start crafting a strategic application that effectively highlights the value and potential of your business.

Craft a Solid Business Plan

Many grants have specific application windows. Mark these dates and set reminders to ensure you start the application process well in advance. Set up alerts or regularly check grant websites to ensure you take advantage of new opportunities. Prepare a detailed business plan outlining how the grant funds will benefit your business.

Tailor Your Application

Review businesses that previously secured grants to gauge your chances. Avoid using a one-size-fits-all approach. For each grant, customize your application to address each grant's specific requirements and objectives.

Verify Eligibility

Have all necessary documents ready. This includes your EIN, DUNS number and revenue history. Also, double-check that you meet all the grant's eligibility criteria. This ensures your efforts are directed at viable opportunities.

Consider Professional Help

Local business organizations can guide you on grant applications. For substantial grants, consider hiring a professional grant writer. Their expertise can help articulate your vision and increase your chances of success.

Emphasize Innovation, Growth and Alignment

Focus on your business's innovative aspects and growth potential in your application. Highlight emerging technologies and how your business aligns with the grantor's mission.

Specialty Small Business Grants

Specialty small-business grants cater to distinct segments of the entrepreneurial landscape, ensuring that specific groups receive the support they need. These grants recognize their targeted demographics' unique challenges and offer tailored financial assistance. You can access resources that align closely with your needs by tapping into these specialized funds.

Small Business Grants for People From Racial Minority Groups

Entrepreneurs from racial and ethnic minority groups often face challenges in securing funding. Grants tailored for them aim to bridge this gap, offering recognition and financial support.

Small Business Grants for Veterans

After serving our nation, many veterans start a business . For veterans looking to kickstart or expand business ventures, the Veterans Business Outreach Center can be a valuable resource for finding support and assistance.

Small Business Grants for Women

Women entrepreneurs are making waves in business. There are grants tailored specifically for women-owned small businesses, aiming to bridge the funding gap and foster growth. Beyond these grants, local Women's Business Centers , with over 100 locations across the United States, offer invaluable resources and guidance. These centers can direct women entrepreneurs to additional grant opportunities or alternative funding avenues.

Alternative Funding Options for Small Businesses

Small business grants aren't always the most feasible or immediate solution for every entrepreneur. If you find yourself outside the grant eligibility circle or need quicker access to funds, there are several alternative avenues to explore.

Traditional Small Business Loans

Offered primarily by banks and credit unions , these loans are a go-to for businesses with established credit histories. They provide a lump sum of money repaid over a set term, often with competitive interest rates.

Backed by the U.S. Small Business Administration , these loans are crafted specifically for small businesses. They offer longer repayment terms and lower interest rates, making them a favorable choice for many entrepreneurs.

Business Credit Cards

Business credit cards offer flexibility in financing short-term needs and can come with rewards or cash-back options. These cards are ideal for businesses aiming to optimize cash flow or earn rewards. Discover the best business credit cards to support your operations.

Line of Credit

A line of credit is a revolving credit facility that allows businesses to borrow up to a certain limit. It's a flexible option, ideal for managing cash flow or unexpected expenses, with interest paid only on the amount used.

Invoice Financing

This allows your business to get an advance on its outstanding invoices. By selling unpaid invoices to a third party, companies can improve cash flow without waiting for clients to pay.

Venture Capital

Venture capital involves securing funding from institutional investors. Venture capitalists invest large sums in startups or small businesses with high growth potential, usually in exchange for equity.

Peer-to-Peer Lending

Online platforms like LendingClub and Prosper connect individual lenders with businesses needing funds. It helps you secure a loan without going through traditional financial institutions.

Angel Investors

Angel investors are individuals with significant capital looking to invest in promising startups or early-stage businesses. They often seek equity or a convertible note in return for their investment.

Crowdfunding

Platforms like Kickstarter and Indiegogo enable you to raise funds by showcasing your projects or products to the public. It's a great way to validate a business idea and engage with a community of supporters.

Here are some resources that provide additional support and tools to bolster your business's success:

• General Services Administration : This independent agency provides resources to help businesses understand government contracting opportunities and how to market their contracts.
• Small Business Development Center (SBDC) : SBDCs ​​are corporate efforts that offer many services, including connecting businesses with potential small-business grants. Beyond grant assistance, they provide counseling, training and technical guidance on various business topics, from digital advertising to cybersecurity.
• State Business Incentives Database : This national database offers a user-friendly map feature, enabling business owners to select their state and instantly view available grants, tax credits and exemptions. Access is exclusive to members of the Council for Community and Economic Research (C2ER). A basic C2ER membership, which grants access to the database, is priced at $362 annually.
• Small Business Digital Alliance : This co-sponsorship agreement between the U.S. Small Business Administration (SBA) and Business Forward, Inc. provides a library of tools and resources for small businesses. They offer personalized resources for businesses.
• USBusinessGrants.org : This platform offers information on federal government grants with opportunities for various companies. The site emphasizes the limited small business grants provided by SBA.gov at the federal level.
• U.S. Department of the Treasury Small Business Resources : This platform provides links for reference and information related to small business programs. It does not endorse any non-government websites but offers a comprehensive list.

About Nathan Paulus

Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and creating content related to personal finance and financial literacy.

Paulus has a bachelor's degree in English from the University of St. Thomas, Houston. He enjoys helping people from all walks of life build stronger financial foundations.

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A Guide to Writing a Small Business Grant Proposal

Last Updated on 

January 19, 2023

While there may be more opportunities for non-profit organizations when it comes to grant funding, grants for small business owners are not rare.

In fact, small businesses received more than $334 billion in total award obligations through the SBA in 2021 , spread across more than 9 million transactions and 7 million new awards. Over $254 million was spent through grants alone. The amount spent on grant awards has risen in 2022 as well, increasing to more than $455 million.

Federal contracts and financial assistance are out there. And that is without mentioning small business research grants and other types of non-governmental contracts and awards.

Grants for small businesses can often be a better option than a loan, as grants do not require repayment of any kind. The caveat? Your goals need to align with the goals of the organization or awarding agency you’re seeking a grant from.

Many grants are dedicated to supporting non-profit work or specific research initiatives. However, small business grants are dedicated to helping owners and founders achieve specific business goals or projects that align with a funding agency’s mission or a particular initiative.

This includes research grants designed to support businesses working on research and development that has a high potential for commercialization. As a biotech founder, CEO, or employee, this is most likely the exact type of grant you’re looking for.

Like non-profit grants, small business grants are offered through both government and non-government agencies. Furthermore, unlike loans, grants do not need to be paid back.

In this article, we’ll review small business grants, grant proposals, and how to write small business grant proposals. We’ll also review some best practices for grant writing, the differences between a “good” and “bad” proposal, the various types of grants available, and additional resources to help you write a small business grant.

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What Is a Small Business Grant Proposal?

A small business grant proposal, like a typical grant proposal, is a clear and concise presentation of what you’re proposing to do before it actually happens. It usually takes the form of a written document that you either prepare online or physically.

You send your proposal to a particular funding agency that’s providing a grant opportunity you’re interested in.

The presentation should thoroughly explain the reasons for your proposal and why you’re applying for grant funding from a specific funder. Explain the who, what, when, where, how, and why of your proposed project or program.

When you clearly and concisely explain your proposal in an organized and well-thought manner, you will have a better chance at receiving approval from the grant reviewers.

What Are the Steps to Developing a Grant Proposal?

There are several steps you should take to develop an effective proposal. First, begin with an idea, followed by planning, strategy, and success.

What is the idea you’re hoping to make a reality? It’s ideally something you’re already working on and are seeking additional funding to help continue developing, but it can also be something you’re planning on starting and need funding to begin that journey.

Once you know what you’re trying to accomplish, you need to start planning. Flesh out the details of what your program, project, or initiative is all about that you’re seeking funding for.

After planning, you’ll need to start forming a strategy. This involves detailing your approach and methodology regarding bringing your program or project to life. How will you effectively put your plan into action?

With a strategy in place for success, you’ll be able to show the funder how you will accomplish what you’re setting out to do and how you will evaluate your accomplishments, giving the funder confidence in you by showing them you’ve got a game plan.

From here, you will want to take some additional steps before you start researching grant and developing your proposal:

• Make sure your idea can be funded, as some things are not eligible for grant funding
• Read the grant application guidelines carefully, they will help you determine if you actually qualify or not
• Make note of the eligibility requirements and what the funder is requesting; you might not be eligible or have everything they’re asking for

Lastly, ask yourself:

• Is my proposal doable?
• Does it have a focused goal?
• Can you provide everything a funder is asking for in the application? (If you can’t, you’re putting yourself in a position to become disqualified, wasting time and effort)
• Is it in alignment with your own goals and, most importantly, with the goals of the potential funding agency?
• Is there a beginning, middle, and end? (Granting agencies do not fund projects forever; in fact, most grants only last a year or two, depending on who’s providing the grant)
• Can you meet the deadline? (Grants have deadlines; if you start too late, you’ll have to rush and that can lead to mistakes and disqualification)

Grant Proposal Review & Common Elements

Grant proposal guidelines and instructions vary from funder to funder. This means the required information and formatting may be different from proposal to proposal. To better understand the common elements, it can help to review grant proposal guidelines and instructions to get a sense of what will be asked of you.

In the guidelines that you can typically find on the funding agency’s website, you’ll see exactly what you need to do in order to apply for a grant. While following these guidelines and instructions does not guarantee you’ll get funding, it does increase the likelihood of getting approved.

If the guidelines provide a list of do’s and don’ts, take note. Funding agencies will have various requests for you that include things they’d like to see in your application and things they wouldn’t like to see.

There may also be a checklist for completed requirements. If that’s the case, you can use the checklist to track your progress and make sure you don’t miss anything. Budget your time to make sure you’ve got enough time to get everything together that is required of you before the deadline. You don’t want to rush. It can lead to mistakes, which will automatically disqualify you in most cases.

Similarly, if you don’t complete and submit the proposal by the listed due date, your application will automatically be denied. We can’t stress this enough—give yourself enough time!

You’ll also see in the guidelines that a grant proposal must include information submitted in a specific order. Make sure to do this, and follow the instructions for each section exactly. Funders will most likely reject your application if your proposal is not in the correct order.

There are additional requirements for proposals that can include submitting the proposal to a specific address or department, rules about how you can submit the application, and reporting leadership or major staffing changes after you’ve submitted your proposal.

Do your diligence and read the guidelines and instructions carefully. Grant proposal reviews can be the best way to learn what to expect. That said, there are some elements, or sections of information, seen across many different types of grant proposals. These can include:

• A cover sheet or letter of intent that allows the agency to estimate how many independent reviewers will be needed; it also helps the agency avoid potential conflicts of interest in the review
• A short executive summary, or “abstract” in the non-profit world, summarizing your grant proposal
• A table of contents; it should help the reviewer find what they need quickly and easily should they want to flip to a specific section
• A needs statement and problem statement describing the purpose of your project, the need you’re addressing, or problem you’re solving, and why the project is important
• A project description or narrative explaining the project you want to fund in greater detail; you can separate different ideas into sections to better explain each aspect of your project and review the expected outcomes; this description can sometimes be included in the executive summary
• A list of your goals; ideally you will pick SMART (Specific, Measurable, Attainable, Realistic, Timeline) goals
• A description of the methods you will use, in addition to project management plans and timeline, illustrating how you will achieve your goals and objectives
• A staffing list showing how you will staff your project
• A detailed budget explaining what the money will be used for
• A cover letter providing an introduction of yourself or your business as the grant seeker, in addition to a description of your ethos, professionalism, and proposed project or business goal

You will most likely need to include information about yourself and your business as well, including:

• Your business’s mission and history
• Your business’s financial health and stability
• Any additional support documents, usually in the form of appendices; additional records, endorsements, tax status information, personnel bios, letters of support, etc.

Including this information is not only important, it’s necessary. Without it, your application will be disqualified.

Remember, this isn’t the exact order for every grant proposal. Proposals vary from funder to funder, and each may ask for a different order that the information above should be included. It’s vital that you follow the grant’s instructions exactly and include everything that’s asked for.

Before You Start, Research

Before you start writing your grant proposal, you’ll want to research the grant or grants you are applying for and the organization to whom you are submitting your proposal. This is part of the pre-award phase, covered in more detail on grants.gov .

Also consider who your audience is, what the grant’s expectations are, and how you will achieve your goals if you secure funding. To properly prepare for your application, it’s important that you:

• Follow the steps for developing a grant proposal listed above; this means clearly defining what you want to do, why you want to do it, how you’ll do it, when you’ll do it, and who you’ll do it for—remember to be SMART when defining your goals (Specific, Measurable, Achievable, Relevant, and Time-bound.)
• Identify an awarding agency or organization that funds projects or goals like the one you have in mind and figure out if their goals align with your own.
• Identify a grant funding opportunity before you begin the application process; it’s important that you find a grant that matches your proposal and goals and a funder whose mission aligns with yours.
• Review the agency’s grant proposal guidelines, eligibility requirements, and instructions document to determine if you are eligible and have everything on hand that they’ll require.
• Register to apply for grants through websites like grants.gov and sbir.gov ; depending on the agency, you will have to go through several steps to register and may be required to complete different types of registration to receive all the necessary identification.
• Review any grant proposal samples you might have or can find in order to get a better understanding of what a good or bad proposal looks like.

Research will help you identify a grant you can actually apply for, an agency that will want to work with you, and a better feel of what the funder’s interests actually are. This will vary from funder to funder, but doing your research will help greatly.

How to Write a Small Business Grant Proposal

The grant writing process can be quite arduous. But, there are a variety of ways to approach it. The best way you can handle the writing process, in our experience, is to begin with great research, followed by developing an effective proposal that carefully follows all the instructions and guidelines a funding agency provides, including everything they ask for. It’s all about giving the information that is required, not pushing the information that you want.

After taking all the necessary steps, such as registering your business in the proper places, identifying a grant funding opportunity, and determining your eligibility, you’ll begin preparing your written application and developing your proposal.

Below we break down the basic approach to writing a small business grant proposal based on our own experience as a small business.

Keep in mind that this is a guide for you to learn how to write a proposal. We outline a general approach of how to write a small business grant proposal. It will help you be well-prepared to begin the writing process, but does not necessarily follow exactly how a funder will want you to put together your proposal. Remember to follow instructions carefully!

Be meticulous in your following of the proposal’s instructions. This means including all the necessary documentation, completing the required forms, and staying on top of deadlines.

Write Your Cover Letter

You can start by writing your cover letter. However, it may help to leave this till the end of your application, as you might have a clearer idea of the main parts of your proposal and their value.

That said, if you do start with your cover letter, make sure to keep it short but impactful—you need to capture the attention of the agency’s reviewers.

Say what you need without using too much fluff, being as direct as possible without missing the important parts. And make sure to connect your project and goals with the funding agency’s own. If you can make a connection between their mission, funds, and your proposed project, you will have a better chance of getting approval.

Write Your Executive Summary

Next, write your executive summary. This serves as an overview of why your organization wants the grant, what your funding needs are, and how you plan to follow through with the project. Be as engaging as possible, using short and clear sentences that concisely illustrate the main aspects of your proposal.

Introduce Your Business

You can introduce your business next. Share as much relevant information as you can about your infrastructure, history, mission, experience, etc.

Here you include a biography of key staff, your business track record (success stories), company goals, and philosophy; essentially, highlight your expertise.

Client recommendations, letters of thanks, feedback from customers and the general public are must-have things to write in a grant proposal.

Also include all valid industry certifications (ISO or Quality Certifications), licenses, and business and indemnity insurance details.

You need to show that your company or organization has the capacity and the ability to meet all deliverables from both an execution perspective but also meet all legal, safety, and quality obligations.

Write Your Needs & Problem Statements

Now, write your needs and problem statement. It should illustrate the problem you will solve and how the grant funds will help you do it. It will be important to convey the scope of the problem or need of addressing and what sets you apart from others trying to solve the same problem or need. It can be helpful to include any research you’ve done on this matter as well.

Don’t rush this section of the proposal. It’s a critical element. Craft your argument patiently, and make sure to use any supporting data and research you have to back up your argument and plan.

It’s important to keep the language simple as well, as there is a big chance the reviewer doesn’t have the same technical expertise you do. Keep jargon to a minimum, or fully explain what each term means, in order to keep things clear.

Write Your Project Description

Next, write your project description. Clearly explain your goals for the project, how you plan to achieve those goals, and how the grant funding will help. Stick to SMART objectives, ones that can be easily tracked and measured. Doing so will help you demonstrate your eventual successes to the grantor, an important part of the grant process later on.

When you explain how you plan to achieve your goals, it can help to include specific information about your project’s timeline, budget, staffing, the resources and community you’ll leverage, and why you’re in a strong position to tackle a problem or need. It can also help to explain how you will track your project and goals, evaluating your overall success.

Ideally, your project description provides a clear picture of your goals, how you will achieve those goals, what you plan to do with the funds, and how you will manage and measure your project’s progress. If you tie your goals into the funding agency’s mission or goal, you will build an even stronger case for your business.

Write a Detailed Budget

After that section, you will need to write about your budget. It’s critical that you provide a detailed project budget that outlines how you will use the funding and what your operational costs will be. This will also serve to explain your expenses and justify the amount of money you’re seeking.

Provide any financial documents you may have to back up your budget here, and try to stay within the funding limits the funding agency is offering. It’s important to neither overquote nor underquote yourself, because while you might secure the grant by underquoting, you may not walk away with enough funding for your project. Overquote and you may see your application rejected.

When we say provide a detailed budget, we mean it. Include information about all of the costs, whether they’re direct or indirect. This can include everything from personnel, materials and supplies, and equipment to travel costs, advertising, utilities, insurance, and more.

Remember to check your numbers. You want to ensure they’re accurate. Otherwise, your application might not make it through the review process. Simple errors like an incorrect decimal point or forgotten number can significantly distort your budget. If you need to, leverage a team member who is excellent with numbers.

Perform a Final Review & Have Your Team Help

After you’ve finished writing, attached all the necessary documentation, and completed the required forms, you need to review your application! Make sure you have:

• Followed all the instructions
• Stuck within the guidelines
• Included all the necessary documentation
• Completed the required forms
• Formatted your proposal correctly
• Eliminated simple spelling or math errors

It can help to have others review your application as well. They can bring a different perspective and fresh eyes to the proposal and catch things you may have missed. In fact, it can help to have as many people you trust review the proposal. When you’re confident there are no errors, it’s time to submit your proposal.

Properly Submit & Track Your Application

Depending on the funding agency you’re submitting your application to, there will be different instructions for submitting. Figuring out what these submission processes look like can sound a little daunting, but each group will provide clear instructions somewhere on their website on how to properly submit your proposal.

It will be important that, once you submit the application, you make sure to track it to address any errors that are flagged and view the assembled application to ensure it is 100% accurate.

Once you’ve submitted, you can check online that your application has all the correct information and hasn’t been flagged for errors. After making sure your proposal wasn’t flagged, all you can do is wait for a response from the funding agency.

If the review process goes well, you may be asked to provide additional information. The way this request is handled can vary from department to department. For example, the NIH uses the Just-in-Time (JIT) process, located in its eRA Commons .

If you’re selected to receive funding, you’ll be sent a notice that you have been selected for the award! In the case of the NIH and the SBIR/STTR programs, you’ll receive a Notice of Award (NoA) , the official grant award document the department uses to notify an awardee the grant has been made. From there, you will be able to access more information on how to manage the award, and what the post-award process and requirements entail.

In addition, you will gain access to a wide number of agency resources and programs, helping you maximize the benefits of your grant funding.

While the approval rating for grants has increased through 2022, grant funding is highly competitive, and there is a big chance your proposal will be rejected. Don’t give up! It’s important that you keep trying. If the review does not go well, you will be able to reach out to the program official to discuss next steps. You can review feedback, address the issues, and resubmit your application .

12 Tips for Writing A Successful Business Grant Proposal

Below are steps to writing award-winning grants that you can use to improve your proposal, potentially increasing your chances at writing a small business grant application that will get approved.

Develop a Game Plan

Create a game plan for where you’re headed. Don’t dive into effort without knowing exactly what you’re doing. You’re going to want some mode of operation to complete the grant writing process, and a game plan can help you do that. In fact, you’re already using a game plan right now: learning how to write grant proposals in an effective way.

Don’t Rush & Pay Attention to the Agency’s Goals

First and foremost, don’t rush your writing. Grant applications can be long and grueling, and it can be easy to make mistakes if you try to rush through the grant proposal writing process.

Hopefully you start early enough so that you can take your time writing before the deadline gets closer. Making mistakes can make it take even longer to complete your proposal, and will lead to a rejection.

Taking your time will undoubtedly make it easier to craft your story and proposal, leading to a more developed proposal narrative and project description before you start writing grant applications. Having a strong story and a detailed proposal will help you stand apart from other grant applicants, clearly explaining the what, why, and how of your proposal.

Use Rich Media When You Can

Use pictures, charts, and graphics if permitted. Using rich media can help your proposal come to life and convey important points in different ways. While this may be harder to do with certain applications, look for instances where you can add visuals.

Research Prior Winners

If there are previous grant winners for the specific grant you’re applying for, review their business and the project. There may be a connection or similarity between your business and a prior winner that you can integrate into your proposal.

Seeing what kinds of businesses are awarded a certain grant can help you narrow down if your business is a good fit, what you could do to increase your chances, and ultimately help you save time by not applying to a grant you’re unlikely to land.

Search Through Local Grants First

It might be easier to secure a local grant than a federal grant offered nationwide. While federal grants can be more appealing—the award is typically larger—local grants are sometimes less competitive. Start your search by looking at locally offered grants, and expand your search as you rule out grants you might be able to apply for through your city, the state and regional levels.

Apply for Grants of All Sizes

In addition to searching for local grants first, you should also pay attention to funding opportunities of all sizes. Smaller grants can sometimes be easier to secure, and doing so can even make your business more appealing to agencies offering larger grant funds. Showing the support you’ve already received can make you more attractive to grantors.

Use a Team Approach

It’s often helpful and more effective to assemble a team to write your proposal. Ideally you can include people who have review proposals before or someone who has experience as an editor. Your choices do not have to be limited to your business, you can find people outside your organization to help with the process.

Approach The Writing Process Like a Reviewer

It can help to think about your grant proposal like a peer reviewer, rather than a business owner. The funding agencies you’ll send your applications to always have long-term organizational goals and objectives that you will want to appeal to. If you can set your proposal apart from others by showing how your use of the grant funds will directly align with the funding agency’s mission, you may stand a better chance at securing approval.

Provide Up-To-Date Information & Complete All Requests

Provide relevant up-to-date information. If you provide out-of-date information, you will come across as dated. This relates to completing all requests. Remember to give the funder 100% of what they ask for. This means following instructions exactly. You want to provide the information they need, not push your information on them.

Include an Evaluation

Include an evaluation that clarifies how you will evaluate your project or program’s performance. Determine a way to evaluate the project you’ve just received funds before. Will it be internal or external? Funding agencies typically look at evaluations very favorably.

Try, Try, Try Again

Even people who have a lot of experience writing grant proposals face rejection. In fact, most applicants face rejection more than approval. That said, the grant writing process can be highly productive. You get to dial in your objectives, methodology, and more, clearly defining what problem you’re addressing, how you will achieve your objectives, and more.

Don’t let rejection stop you. Try again and incorporate whatever feedback you can get a hold of into your next proposal.

Think About Hiring a Grant Writer

It’s no secret that grant writing can be difficult. If it’s proving too difficult or time-consuming, consider hiring a grant writer to help you complete and submit your proposal. Although these professionals can be expensive to hire, it may be worth the money in the long term.

The writer will likely know the type of language to use to make your application stand out in addition to the correct formatting. Their expertise in grant writing can make the process much quicker as well.

What Makes a Good Proposal?

A good small business grant proposal has a number of identifiable characteristics. None of which are very surprising:

• Easy to understand; it doesn’t need to be sophisticated, it needs to be understandable
• Proposes something that is doable within a certain timeframe
• Clear and concise
• Details what will be done, when it will be done, and how it will be done
• Tells a compelling and exciting story; what led up to your business’s decision to go in this direction, and what benefits people will experience
• Has excellent flow and continuity
• Visually appealing
• Engages the reader and provides social proof

If your proposal has all of these characteristics, it doesn’t guarantee you will get approved. But, it does increase the likelihood you will secure the funding you need. Having a well-written and visually appealing proposal, in addition to compelling research and data, is essential.

What Makes a Bad Proposal?

Sure enough, bad grant proposals have some common traits as well. These include:

• Lacks clarity; make sure the funder knows what you’re proposing to do
• Loaded with errors; if you can’t take care of proposal, how will you treat the money you’re provided
• Unrealistic expectations
• No clear outcomes
• Lack of alignment; doesn’t match up with funder’s goals and how the funder wants to see the world
• Bores the reader; you want the proposal to excite the reader by proposing a brighter future

Bad writing, no matter the context, is just that: bad writing! Even if you believe your proposed project has all the marks of a winner, you will still need to make sure your grant proposal is well-written and thought out to help stand out from all the other applicants and make it easier for peer reviewers to understand your proposal.

Types of Grant Proposals & When to Use Them

There are several types of grants small business owners can apply for. Your eligibility for each type will depend on a number of factors. When to use each type will vary based on your proposed project and goals as well.

Federal Grants

Federal grants are a type of government grant or economic aid the US government provides from the funds made available through the general federal revenue. The government gives grants to stimulate the economy and draws from the U.S. general federal revenue. Grants can be funds for a portion of a certain project or organizational costs, or include complete funding for a project or research.

There are more than 1,000 different grant programs available to businesses and individuals that qualify, distributed by 26 grant-specific agencies across 21 distinct categories.

State Grants

State grants are need-based, state-specific awards that usually provide a smaller amount of funds than federal grants. As they are state-specific, there is often less competition, making them more attainable for small businesses. While they are smaller than a federal grant, state grants can provide the boost an organization needs to carry a project or program further, and demonstrate the project’s attractiveness to other granting agencies.

Local Grants

Local grants are awards issued by a city, county, or township, or any other local government department or agency. that stimulate the economy directly around them. Applicants are only eligible for local grants if they meet specific requirements, the most obvious being whether or not the county or city deems that the business is part of that area. This is typically true if the organization provides services to the city and its residents.

Corporate Grants

A corporate grant comes directly from a major corporation. Like federal grants, corporate grants will have various requirements, provide different amounts of funding, and be suited for specific or broad types of business or research. Companies generally set aside capital at the beginning of the fiscal year and host competitions to distribute the funds to qualified businesses.

Other Types of Grants: Nonprofits

In addition to the grants dedicated to for-profit businesses, there are four types of non-profit grants. These are dedicated to and designed for non-profit organizations and businesses.

It may not apply to you and your business, but it’s worth mentioning. The four types include: competitive grants, continuation grants, pass-through grants, and formula grants.

Competitive Grants

Nonprofits, universities, colleges, K-12 schools, and government organizations can apply for competitive grants. Occasionally, a small business may be eligible to apply as well. Competitive grants, like any grant, are submitted for approval and reviewed by a team of reviewers who make a decision to fund the proposed project or not.

Competitive grants simply mean the grant application is competitive and involves an approval process that is performed by a committee or board of directors, who base their decision on different criteria. This also means the grants are discretionary, and do not need to be awarded.

Formula Grants

Formula grants are non-competitive, and are typically awarded to support larger programs. Like a competitive grant, formula grants award funds that are distributed to businesses and organizations based on meeting specific criteria. Unlike a competitive grant, these awards are distributed to applicants based on a statistical formula and overseen by a legislative body.

All applicants that meet the criteria will receive funding, but the amount is based on certain benchmarks. This means formula grants are always awarded. Awardees can include states, local governments, territories, and other types of government organizations.

From there, states may be able to allocate money to organizations and businesses for a specific activity. The amount the awardee distributes can be based on the numbers an organization serves or the number of residents in the community.

Pass-through Grants

Like federal, state, and local grants, pass-through grants come from the federal government. The funding is distributed to a state or local government, who then passes on the funding to different organizations, institutions, and businesses. Eligible applicants can apply to states or municipalities for federal funds to stimulate the local economy and make an impact in a specific community or area.

Continuation Grants

Non-profit organizations can use continuation grants to renew a previously awarded grant for an additional amount of time. Without a continuation grant, the funding for the project would expire. These grant opportunities are also an opportunity for the awardee and funder to foster a relationship. While continuation grants are discretionary and mostly available to existing awardees, new applicants may be considered.

How to Find Grants for Small Businesses

There are different databases available online that you can access to search for various small business grants. Some are free, while others require a subscription.

Below we review government grant databases on the federal, state, and local levels, as well as corporate grants you can apply for and the databases you can use to search for private grants.

Federal Small Business Grants & Databases

Government agencies are among the biggest distributors of business grants, supporting a range of enterprises from environmental conservation to child care services. Applying may seem intimidating, but federal grants are great opportunities for small-business owners looking to grow.

Grants.gov allows you to search for grants based on category, eligibility, agency, and funding instrument type. It lists all of the grant opportunities currently available across more than a thousand different programs as well as closed and archived opportunities. It aims to simplify the grant search and application process.

SAM.gov is an official US government website. It is a central database for everyone who makes, receives, and manages federal grants and awards. Government contractors can use SAM, short for Systems for Award Management, to search for grants and contracts and view contract opportunity reports . To use the site and do business with the US government, you need to register your business. Learn more about the website’s requirements and features using its  help center .

USDA Biotechnology Risk Assessment Research Grants

The National Institute of Food and Agriculture (NIFA) offers a wide range of grant programs for agriculture- and agriculture science-based research and business initiatives. One such program,  the Biotechnology Risk Assessment Research Grants (BRAG) program , provides funding to support research that will help regulatory agencies make “science-based decisions about the effects of introducing into the environment genetically engineered organisms (GE).” This includes a wide range of organisms, from plants, microorganisms, fish, and birds to mammals and other animals.

Businesses can view BRAG’s Request for Applications (RFA) to learn more about the grants program, funding opportunity, award information, eligibility information, and more. Businesses can also apply for a grant directly on the agency’s website.

USDA Rural Business Development Grants

The U.S. Department of Agriculture (USDA) oversees and manages the Rural Business Development Grant program . It provides funding to strengthen and grow small businesses throughout rural communities.

In order to qualify for funding, businesses cannot have more than 50 new employees. Additionally, the business must have less than $1 million in gross revenue. It needs to also be located in an eligible rural area . Grant proposals are accepted only once per year through the local or state USDA Rural Development offices.

SBIR/STTR Programs

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs enable US-based, for-profit small businesses to become involved in federal research & development. The STTR also includes a partnership between the small business and nonprofit research institutions to formally collaborate in Phase I and Phase II.

These programs include a searchable solicitations database you can explore to find potential funding opportunities. These contract opportunities are available through different funding agencies, including the NIH, NSF, and more:

The National Institutes of Health (NIH) has a funding database that allows researchers to search for different types of grants, contracts, and even programs that help repay loans. There is also research training and career development available. You can subscribe to their weekly email newsletter that summarizes the funding opportunities posted each week and stay up to date with what solicitations are currently open.

The National Science Foundation (NSF) has an opportunities database that allows you to filter their opportunities according to different factors like award type, directorate, division, and education level. The database lists current, available opportunities with their respective due dates.

However, you can find the agency’s archived funding opportunities on its website as well. Reviewing the archived listings can give you a better idea of what the NSF has funded in the past, what they may fund in the future, and whether or not any of it applies to your R&D.

The US Department of Energy (DOE) lists funding opportunity announcements (FOAs) on their website according to offices within the department. You can search through its database based on program, fiscal year, and post date or close date. Additionally, the DOE lists Open Lab Announcements and Closed Lab Announcements as well.  

Through the Office of Small Business Programs (OSBP), the US Department of Defense (DOD) offers a number of grants, contracts, and funding opportunities for organizations and small businesses performing research and development.

OSBP manages a number of DOD programs, from the Mentor Protege Program and Indian Incentive Program to DOD small business program funding, market research, procurement goals, and contracting processes and activities. You can explore the various programs managed by OSBP and search for contract or grant opportunities on its website. These opportunities are mostly applicable to small businesses interested in commercializing their R&D.

State & Regional Small Business Grants & Databases

Economic development administration.

The Economic Development Administration (EDA) is an agency overseen by the Department of Commerce (DOC). It provides grants, resources and technical assistance to communities based on local business needs and conditions in order to stimulate and support economic growth and development while promoting entrepreneurship.

You can search the site for current and previous funding opportunities spread across the agency’s various programs. Additionally, you can search the economic development directory for regional offices and local resources.

State Business Incentives Database

The State Business Incentives Database is a database created by the Council for Community and Economic Research (C2ER) . With close to 2,000 programs from around the US, the database gives business owners, economic developers, business development professionals, and economic researchers a place to search for and compare various incentive programs.

Its site includes a map feature you can use to search for grants based on location, and provides information on tax credits and exemptions. To use the site, you must have an account. However, accounts are only available to members of C2ER.

California Grants Portal

The California Grants Portal was developed by the California State Library. It provides a central location for state grant opportunities, allowing state grant-making agencies to add and update their award information, and for grant seekers to search the database for opportunities. This makes it possible for all state grant opportunities to be searchable online.

Each listed grant includes a summary of what is needed to apply and how, along with links that businesses and organizations can follow to learn more. To the same effect, the California Grants Portal site includes an FAQ section .

State Trade Expansion Program

The State Trade Expansion Program (STEP) , provides state and territory governments with funding to distribute to small businesses with export development.

Supported by the SBA, STEP helps small businesses cover the costs to start or expand into international markets. Funding and eligibility requirements vary based on your state, but the money can be used to participate in a variety of business activities.

California Office of the Small Business Advocate

The California Office of the Small Business Advocate (CalOSBA) supports economic growth and development in California, ensuring California-based small businesses and startups have the support and resources needed to search for programs and understand regulations.

CalOSBA’s many funding programs include the California Microbusiness COVID-19 Relief Grant Program, California Small Business COVID-19 Relief Grant Program, California Dream Fund, and more.

Minority Business Development Agency Centers

The Minority Business Development Agency Centers (MBDA) is a nationally ran network of business development centers that support the growth and promotion of minority-owned small businesses. This includes helping businesses secure funding and contracts and compete in emerging markets.

Search for your local MBDA center and programs to apply for various types of funding, including state and local business grants and loans. The agency also typically holds a small-business grant competition annually. You can find contest updates on MBDA’s website.

Corporate/Foundation Small Business Grants & Databases

Many corporations and larger companies offer nonprofit and small-business grants. While some corporations work solely with nonprofits, others also provide funding to for-profit small businesses.

GrantWatch is a grant listing directory that currently features more than 28,000 grants, funding opportunities, awards, and archived grants—some of the archived grants will become available again as well. These grants come from a wide variety of sources: corporations, foundations, and government agencies on the federal, state, and local levels.

While GrantWatch can be an excellent database to search for grants , it does require that you become a member. With the free account, you gain access to a number of features and can search for grants using different dimensions, such as location and grant type.

However, if you want to get highly granular with your searches, access complete grant information, and access direct links to Requests for Proposals (RFPs) in order to apply, you’ll need to sign up for a paid account. The website also provides a wide range of resources, news, and more.

Sloan Foundation

The Sloan Foundation offers grants that support original research and education focused on science, technology, engineering, and more. The foundation’s funds are provided through the accumulated wealth of Alfred P. Sloan, and its mission is to use its funds and grantmaking abilities in the service of the public good.

The foundation selects projects to fund based on proposals submitted by both individuals and teams with original and innovative ideas. It is most interested in projects that have an expected return to society, show strong methodological characteristics, and do not yet have wide access to funding through government agencies, the private sector, or other foundations.

You can learn about the foundation’s grants , its grantmaking strategy, what it doesn’t fund, its grant application process, and more on its website. It also provides a searchable grants database you can use to see what’s currently available and archived.

GrantForward

GrantForward is a funding opportunity database and recommendation service created by academics for researchers. You can search for grants using a specific keyword, however, in order to get complete use of the site and additional searches, you’ll need to create an account. Free trials are available.

GrantForward uses a search algorithm alongside a team of specialists to continuously add new and up-to-date funding opportunities to its database, making sure your searches are as relevant and current as possible. It also provides search filters that make it easy to quickly find a funding opportunity that fits your needs.

The database includes a wide range of grant types you can search through, from fellowships to post-doctoral to equipment, facility, and organization grants. In addition to searching for grants, you can find pre-solicitations and awarded projects as well. However, you’ll need an account to complete these searches.

Instrumentl

Nonprofits and professional grant writing consultants rely on Instrumentl to match with the right funders, identify trends, and track and manage grants.

While Instrumentl works most closely with nonprofits, helping match grant writers with private and corporate grants their organizations can use to achieve specific goals, it also provides an extensive database for other opportunities. This includes federal and state grant funding opportunities.

You can search the website’s grant database by focus area, location, or foundation . In addition to its databases, you can leverage Instrumentl’s educational resources to better understand how to use Instrumentl, improve your grant writing, and more.

Visa Everywhere Initiative

The Visa Everywhere Initiative is a grant competition that offers funding to tech-forward startups across five different regions around the globe. Applicants must show how they’ve developed a product or service that creatively involves Visa’s products.

Visa will select the top five finalists in each region — and these businesses will move forward to a global finals event. The overall winner of the competition is awarded a $100,000 small-business grant. Additional grants are awarded to second- and third-place finalists, audience favorites, as well as regional and local winners.

FedEx Small Business Grant

FedEx’s annual grant competition awards more than $250,000 to 10 small businesses. This includes $4,000 in FedEx print and business services and a $50,000 grant to its three grand prize winners. While the 2022 contest has closed, it opens up again each year. Dates are posted to the company’s website once they are finalized.

The FedEx small business grant, as one would expect, is available to US-based, for-profit small businesses that have been in operation for a minimum of six months. Businesses can have no more than 99 employees. You can visit the site’s FAQs to learn more about eligibility requirements and more.

fundsforNGOs

fundsforNGO provides a wide range of resources and services for countless industries . It works to improve access to resources and enable a more sustainable environment. The organization accomplishes this by researching, developing, and curating content that supports the growth and sustainability of nongovernmental organizations (NGOs) and individuals working specifically in poverty alleviation and sustainable development.

Its many features include business intelligence, training, publications, and networking. However, most importantly for you, it also provides searchable databases of grants, donors, and proposals aimed to help NGOs find the information they need and track funding opportunities. In addition to its databases, fundsforNGOs also assists with grant writing, helping you plan and create your proposals.

Additional Resources

There are additional resources you can rely on to help with your search for grant funding. This includes various organizations that provide free help for your business. Many sources you can find through sba.gov and sbir.gov, however, you can also review the agencies below.

Small Business Development Centers

Small Business Development Centers (SBDCs) offer support to small businesses and entrepreneurs. There are local, regional, state, and national offices located across the country, so it can help to find one closest to you.

Some SBDCs are associated with local universities or a state’s economic development agency, as well, and can help connect you with small business grants, federal grants, and business financing opportunities. SBDCs generally offer training, counseling, and technical assistance in addition to support with grant funding.

For example, an SBDC can usually help you create a compelling business plan and pitch for your business, and help you understand how you’ll want to use the grant money you’re seeking out.

This also includes navigating the grant process. SBDC advisors have a lot of visibility locally and can help connect you with small business grants.

SCORE is a nonprofit organization supported by the SBA. It provides free entrepreneurship training, tools, and mentorship to US-based small business owners. Like SBDCs, SCORE is a free online resource entrepreneurs can access when they need help.

You can use SCORE to connect with a wide range of experts based on zip code for free. You can also request a match, search for a business mentor, or find your local chapter to get the advice or expertise you’re looking for. The SCORE mentor you’re matched with will hopefully be able to identify local grant opportunities for you and review your pitch or proposal to ensure it’s compelling and well-written.

In addition to mentorship, you can access a variety of workshops online and in-person. Browse through SCORE’s library of webinars , on-demand courses , and local workshops to find a class that can help you improve. Live classes are also available if you can’t attend workshops in person.

Grant Resources Center

The Grants Resource Center (GRC) is part of the American Association of State Colleges and Universities. This subscription service helps college/university offices secure more funding from federal and private groups.

It provides publications on a fixed schedule, management resources , funding resources , and a database where you can search for grants . Searching for a grant requires an account with GRC.

Procurement Technical Assistance Centers

P rocurement Technical Assistance Centers (PTACs) provide assistance to businesses looking to work with the US government, Department of Defense, and other federal, state, and local government agencies. Most of the assistance provided by your local PTAC is free.

If you need to determine if your business is ready for government contracting, eligible for small business certifications, register in the correct place to begin the process, or assistance with researching past contract opportunities, then your local PTAC can help. You can search the SBA PTAC database to find a center near you.

You can also work with a procurement center representative (PCR) if you need help securing government contracts. Because PCRs are able to see government procurement strategies before they’re announced, they are in a good position to help you in touch with a small business opportunity.

Additionally, PCRs also help carry out SBA policies and programs, assist small businesses with payment issues, conduct market research, and provide counseling with the contracting process.

Small Business Grant Proposal Templates

There are many free online grant proposal templates to choose from. A template can help you put together a visually appealing proposal or give you an idea of how to format your own proposal.

We suggest you use a template as a study guide or reference point rather than your actual proposal only because the grant you are applying for may require different formatting or information. That said, here are some resources that provide small business grant proposal templates:

• PandaDoc grant proposal template
• Jot Form grant proposal PDF templates
• Wise free grant proposal template
• Sample.net small business grant proposals in PDF
• Technical Writer HQ grant writing templates
• SampleTemplates grant proposal samples & small business grant proposal templates
• Template.net grant proposal word templates

Conclusion: Applying For a Small Business Grant With Confidence

As a small business owner, things can feel pretty daunting at times. Being able to cover costs, push ahead on new programs or initiatives, and keep everything going requires significant cash flow. Luckily, there are a number of grant funding sources available to small businesses in the US.

Knowing what the grant writing process looks like and how to write a grant proposal before you get started can be a great help, reducing the amount of time, energy, and effort required to put together a winning grant proposal. This guide can serve as the first step toward building the knowledge and confidence needed when applying for a grant, and will make it easier to secure the funding you need to bring your idea to light.

Excedr has worked with a number of clients who secured grant funding in order to fund research and development, specific business initiatives, and provide services to the communities around them.

In some cases, that grant funding was available to use to lease lab equipment. By leasing the lab equipment they needed, our clients were able to extend their funding and save more for their research and development efforts.

In other cases, the grant funding was able to cover a client’s R&D or business costs, freeing up more room in their budget for equipment procurement and other initiatives.

Rather than put all that extra money into purchasing a few pieces of equipment, our clients leased instead, saving money on upfront costs and spreading out payments via manageable and consistent payments. If you’re interested in learning more about our leasing program , our team will be happy to provide you with more details. Contact us and let us know how we can help with your leasing needs.

Good luck on your grant writing journey. Securing grant funding can be an amazing moment and opportunity to accomplish great things!

How to Start a Grant Writing Business

Owners of grant writing businesses are adept at finding foundations, government entities and other funding sources and applying for funding on behalf of their non-profit clients. You will, in short, serve as a matchmaker, putting together funding sources and needs. You’ll continually seek grant opportunities and write succinctly, persuasively and in an organized manner in filling out requests for proposals (RFP) to win funding.

You may also be interested in additional side hustle ideas .

Learn how to start your own Grant Writing Business and whether it is the right fit for you.

Ready to form your LLC? Check out the Top LLC Formation Services .

Start a grant writing business by following these 10 steps:

• Plan your Grant Writing Business
• Form your Grant Writing Business into a Legal Entity
• Register your Grant Writing Business for Taxes
• Open a Business Bank Account & Credit Card
• Set up Accounting for your Grant Writing Business
• Get the Necessary Permits & Licenses for your Grant Writing Business
• Get Grant Writing Business Insurance
• Define your Grant Writing Business Brand
• Create your Grant Writing Business Website
• Set up your Business Phone System

We have put together this simple guide to starting your grant writing business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.

Exploring your options? Check out other small business ideas .

STEP 1: Plan your business

A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:

What will you name your business?

• What are the startup and ongoing costs?
• Who is your target market?

How much can you charge customers?

Luckily we have done a lot of this research for you.

Choosing the right name is important and challenging. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Grant Writing Business Name Generator

If you operate a sole proprietorship , you might want to operate under a business name other than your own name. Visit our DBA guide to learn more.

When registering a business name , we recommend researching your business name by checking:

• Your state's business records
• Federal and state trademark records
• Social media platforms
• Web domain availability .

It's very important to secure your domain name before someone else does.

Want some help naming your grant writing business?

Business name generator, what are the costs involved in opening a grant writing business.

Your startup costs should be minimal since you can work from your home and without employees at first. Let’s look at some possible startup costs.

• Home office equipment—Your phone, computer and printer can be obtained for $1,000 if you don’t already own them.
• Rent—Your first office is likely to be your home or apartment. If that’s too distractive, seek office space for one person in a modest space. Meetings can be held at client locations, so you don’t have to impress with your office. Depending on where you’re located, rent could be as little as a few hundred dollars a month and shouldn’t exceed $1,000.
• Employee costs—You’ll likely be your sole employee, at least at first. What’s the least you can get by on? You might feel more financially secure if you have a working spouse, have saved a year’s salary beforehand or go into your business with at least one client signed up.
• Professional services—See a lawyer and an accountant before startup to draw up contracts and advise on expenses and taxation issues. This might be a $500 investment or more depending on the complexity of your business.
• Promotional and marketing materials—This includes everything from your website and blog to social media presence, business cards, logo development and collateral sales materials. Much of this can be done at low cost. For instance, your website and blog can be developed cost-free if you have basic digital skills, and you could find a competent graphic designer at your local community college. The investment of $500 to $1,000 should be enough in this area to launch your business.
• Accreditation, memberships and licensing—Networking within your industry can cost as much as $1,000. While not mandatory, this can be a valuable investment in credibility and a source of critical relationships. Ask your lawyer or accountant if you’ll face any licensing or permit fees in your locality.

What are the ongoing expenses for a grant writing business?

Your ongoing expenses can be quite modest until you’re primed for growth. At that time, you’ll need an office (or one that’s larger than your current site) and you’ll undertake employee expenses.

At first, your most pressing need will be to meet your own income and healthcare demands. Other ongoing expenses will include event attendance, lunches, travel, entertainment and other costs associated with meeting clients and funders.

One source estimated that operational expenses for grant writers might take up 25-50 percent of revenue.

Who is the target market?

You’ll want to meet decision makers at non-profit, community and civic organizations, and occasionally even for-profit entities and others seeking to raise funds through grants. While some grant writers seek clients of all kinds, others focus on a preferred type. That might be organizations working to treat specific medical conditions or to advance a political or civic objective, or perhaps non-profits based within your geographic region.

How does a grant writing business make money?

You’ll generate revenue by charging clients a per-hour or flat rate for your various services. As you win grants and your reputation grows, more businesses will come in and you can increase your hourly or project rates.

Grant writers with little experience and few clients might charge as little as $25 an hour, while a rate of between $50 and $100 hourly is earned by those with more experience. Some grant writing businesses charge a flat fee for individual services. For instance, this business charges $3,500 for a grant proposal that can serve as a foundational document for responding to RFPs. The company charges additional fees for RFPs and basic funding-source research.

How much profit can a grant writing business make?

The compensation data website Payscale estimated that in-house grant writers earn an average annual income of about $45,000. Use this as only a starting point, because those who work on their own have more control over their income. It will only be limited by your success in generating clients, nurturing funding source relationships, winning grants and marketing your successes.

How can you make your business more profitable?

Some non-profit organizations employ in-house writers but still need help with other aspects of grant seeking. Consider breaking down your various services and offering non-profits who might not be interested in your full menu of services a cafeteria option. This might include such related services as funding research, training and writing consultancy.

Want a more guided approach? Access TRUiC's free Small Business Startup Guide - a step-by-step course for turning your business idea into reality. Get started today!

STEP 2: Form a legal entity

The most common business structure types are the sole proprietorship , partnership , limited liability company (LLC) , and corporation .

Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your grant writing business is sued.

Form Your LLC

Read our Guide to Form Your Own LLC

Have a Professional Service Form your LLC for You

Two such reliable services:

You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.

Recommended: You will need to elect a registered agent for your LLC. LLC formation packages usually include a free year of registered agent services . You can choose to hire a registered agent or act as your own.

STEP 3: Register for taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It's really easy and free!

You can acquire your EIN through the IRS website . If you would like to learn more about EINs, read our article, What is an EIN?

There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.

STEP 4: Open a business bank account & credit card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil .

Open a business bank account

Besides being a requirement when applying for business loans, opening a business bank account:

• Separates your personal assets from your company's assets, which is necessary for personal asset protection.
• Makes accounting and tax filing easier.

Recommended: Read our Best Banks for Small Business review to find the best national bank or credit union.

Get a business credit card

Getting a business credit card helps you:

• Separate personal and business expenses by putting your business' expenses all in one place.
• Build your company's credit history , which can be useful to raise money later on.

Recommended: Apply for an easy approval business credit card from BILL and build your business credit quickly.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with our LLC Expenses Cheat Sheet.

STEP 6: Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

In most states, grant writing businesses must obtain business permits. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits .

Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses .

Services Contract

Grant writing businesses should have a service contract between themselves and their clients to make the exchange of grant writing services for payment transparent.  Here is an example service agreement .

Recommended: Rocket Lawyer makes it easy to create a professional service agreement for your grant writing business when you sign up for their premium membership. For $39.95 per month, members receive access to hundreds of legal agreements and on-call attorneys to get complimentary legal advice.

STEP 7: Get business insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance . This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need is Workers’ Compensation Insurance . If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.

FInd out what types of insurance your Grant Writing Business needs and how much it will cost you by reading our guide Business Insurance for Grant Writing Business.

STEP 8: Define your brand

Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.

If you aren't feeling confident about designing your small business logo, then check out our Design Guides for Beginners , we'll give you helpful tips and advice for creating the best unique logo for your business.

Recommended : Get a logo using Truic's free logo Generator no email or sign up required, or use a Premium Logo Maker .

If you already have a logo, you can also add it to a QR code with our Free QR Code Generator . Choose from 13 QR code types to create a code for your business cards and publications, or to help spread awareness for your new website.

How to promote & market a grant writing business

Use social media and self-promotional marketing materials to expound on your abilities and to highlight your accomplishments. You’ll also want to spend equal time engaging prospective clients and the funding sources that will serve their needs. Get involved volunteering within your target industry, attend fundraisers, sit on boards and otherwise interact with your audience and get to know decision makers.

How to keep customers coming back

It’s your grantmaking “wins” that will attract new clients and maintain the interest of your existing roster. However, this is only partially within your control. Every grant proposal you write must be comprehensive, logical and persuasive—and you still might not land the grant. That’s because of the intense competition for funding.

This fact underscores the need for self-promotion when strategically beneficial. Use social media to highlight your victories. And be sure to ask your clients to recommend you to others potential clients. It’s a small, insular community, putting you at an advantage if you can offer prospective new clients the commendation of people they know and respect.

STEP 9: Create your business website

After defining your brand and creating your logo the next step is to create a website for your business .

While creating a website is an essential step, some may fear that it’s out of their reach because they don’t have any website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler.

Here are the main reasons why you shouldn’t delay building your website:

• All legitimate businesses have websites - full stop. The size or industry of your business does not matter when it comes to getting your business online.
• Social media accounts like Facebook pages or LinkedIn business profiles are not a replacement for a business website that you own.
• Website builder tools like the GoDaddy Website Builder have made creating a basic website extremely simple. You don’t need to hire a web developer or designer to create a website that you can be proud of.

Recommended : Get started today using our recommended website builder or check out our review of the Best Website Builders .

Other popular website builders are: WordPress , WIX , Weebly , Squarespace , and Shopify .

STEP 10: Set up your business phone system

Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. That’s not the only benefit; it also helps you make your business more automated, gives your business legitimacy, and makes it easier for potential customers to find and contact you.

There are many services available to entrepreneurs who want to set up a business phone system. We’ve reviewed the top companies and rated them based on price, features, and ease of use. Check out our review of the Best Business Phone Systems 2023 to find the best phone service for your small business.

Recommended Business Phone Service: Phone.com

Phone.com is our top choice for small business phone numbers because of all the features it offers for small businesses and it's fair pricing.

Is this Business Right For You?

Your talents will involve business writing and a clear understanding of the non-profit and funding worlds. In your writing, you must be able to take direction well because each RFP to which you respond requires clear and direct answers and attention to such details as word or page counts, writing style and, on occasion, even font and type size regulations.

It also helps if you currently volunteer, or have done so in the past, with non-profit organizations, or can network comfortably within that environment.

Want to know if you are cut out to be an entrepreneur?

Take our Entrepreneurship Quiz to find out!

Entrepreneurship Quiz

What happens during a typical day at a grant writing business?

You’ll maintain regular phone, digital and face-to-face contact with nonprofits and grant makers at foundations and other funding sources. You’ll spend significant time researching new funding opportunities and nurturing relationships in the funding community.

You should also have a regular social media presence to salute your nonprofits and foundations with which you’ve established contact and to promote your own achievements in securing funding.

During busy times, much of your day will be spent researching grant makers and filling out RFPs. You should also meet other grant writers at networking events with whom you could strike up successful partnerships or seek contract help during busy times.

What are some skills and experiences that will help you build a successful grant writing business?

Your success will be built upon the proficiency of your writing within this area of expertise and your ability to navigate the nonprofit world. You must be socially adept and able to work the politics of your two communities—nonprofits and funders.

What is the growth potential for a grant writing business?

The more clients you add to your roster, the more income you might generate. Success breeds success in this industry. While every grant request is a longshot since so many nonprofits are competing for the same funding, grant writers who are recognized as being particularly successful are best positioned to win new business. That’s why it’s incumbent upon you to publicize your wins through social media and self-marketing opportunities.

As your business grows, you can consider hiring additional writers or others who are networked into the non-profit or funding communities to help you generate additional clients or grantmaking sources.

Not sure if a grant writing business is right for you? Try our free Business Idea Generator and find your perfect idea.

TRUiC's YouTube Channel

For fun informative videos about starting a business visit the TRUiC YouTube Channel or subscribe to view later.

Take the Next Step

Find a business mentor.

One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need.

Having a support network in place to turn to during tough times is a major factor of success for new business owners.

Learn from other business owners

Want to learn more about starting a business from entrepreneurs themselves? Visit Startup Savant’s startup founder series to gain entrepreneurial insights, lessons, and advice from founders themselves.

Resources to Help Women in Business

There are many resources out there specifically for women entrepreneurs. We’ve gathered necessary and useful information to help you succeed both professionally and personally:

If you’re a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant.

What are some insider tips for jump starting a grant writing business?

Don’t go into this field unless your business writing skills are impeccable. That said, you should also have entrée in the nonprofit world. You might gain this knowledge with a background in a non-profit organization, working as an in-house writer or in some other area of expertise as either a staffer or volunteer.

Also consider learning more about the specifics of grant writing through various web articles and online training programs or through industry groups and trade organizations. These include National Grants Management Association (NMGA) , Grant Professionals Association (GPA) , and Grant Professionals Certificate Institute (GPCI) .

How and when to build a team

One reason you need to network regularly is to meet other talented writers and insiders in the world of nonprofits and funding sources. You can expand gradually, as opportunity presents itself. If, at first, you have an excess of work, consider contracting with freelance grant writers to undertake parts of projects.

Only when you see that your business growth is ongoing, rather than a cyclical bump, should you consider part-time or full-time hires. You can also explore expansion through partnerships with other successful grant writers as a way to gain access to new client types or funding sources.

Useful Links

Industry opportunities.

• National Grants Management Association
• American Grant Writers Association
• Grant Professionals Association
• Grant Professional Certification Institute

Real World Examples

• New York-based grant writing business

Further Reading

• Start-Up Guide for Grant Business
• Learn about more Online Business Ideas

Have a Question? Leave a Comment!

What Are Small Business Grants and How to Get Them

6 min. read

Updated January 4, 2024

We’ve all seen the late-night TV commercials targeted at entrepreneurs touting “free money from Uncle Sam”.  Unfortunately, for the most part, there is no such thing.

I say “for the most part” because government grants for small businesses do exist, but the opportunity to secure one is limited to a narrow field of candidates.

Here’s what you need to know about government grants for small businesses, who is eligible to receive them, and how to go about getting them.

• What are business grants?

A business grant is a specific type of grant provided to businesses, often small enterprises or startups. These grants are awarded by governments, corporations, or foundations to stimulate economic growth, promote innovation, and support the development of certain industries or communities. Businesses can use these funds to start up, expand, implement new technologies, or create jobs. 

Unlike loans, business grants do not require repayment, but they may come with certain criteria or conditions, such as the need to match funds, create a certain number of jobs, or operate within a specific region. Businesses usually have to go through a competitive application process and meet very select criteria to receive these grants.

• What grants are available?

Before diving into the types of government grants available to small businesses, let’s start by establishing what the government does not provide grants for.

The federal government doesn’t provide grants for any of the following activities:

• Starting and expanding a business
• Paying off debt
• Covering operational expenses

However—and here’s the twist—the federal government does award grants to small businesses in certain fields and industries (for example, scientific, environmental, and medical research). The Small Business Innovation Research (SBIR) program , for example, is one of the most lucrative sources of federal grants for high-tech startups or high-growth firms (more on SBIR below).

The reason why federal grants are largely off-limits to small businesses is that they are funded by our tax dollars and appropriated through Congress and The White House. Fund allocations are tightly controlled and only awarded to business endeavors that are closely tied to the agenda of a particular government agency, such as the U.S. Department of Agriculture or the U.S. Department of Energy.

Outside Washington, things don’t get much better. Although some state and local government agencies do award small business grants—which they often call “discretionary inventive grants”—these state grants are also closely aligned to agency objectives and tend to be limited to larger companies.

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How to find and apply for small business grants

If you think your business may qualify for a grant, the resources below can help you with your search:

Federal grants

Grants.gov is Uncle Sam’s central repository and searchable database of over 1,000 different grant programs. To narrow down your search to small business grants, navigate to the “Browse Eligibilities” tab and select “Small Businesses”.

State and local grants

Contact your state economic development agency for information about discretionary incentive grants.

Corporate and nonprofit grants

Small business grants are also available from select nonprofits ( WomensNet , for example) and corporations, such as the Intuit “Love our Local Business” campaign.

SBIR grants for R&D businesses

As mentioned above, if your small business is engaged in research and development (R&D), you may be eligible for a Small Business Innovation Research (SBIR) grant. SBIR is a federal program, overseen by the U.S. Small Business Administration (SBA), that awards grants and government contracts to stimulate high-tech innovation and grow the economy by supporting the R&D necessary to develop and commercialize innovative technological products. In 2010, SBIR awarded approximately $2 billion in research funds, with more than half the awards going to businesses that employed fewer than 25 people.

While the eligibility criteria for an SBIR grant is pretty straightforward—businesses need to be more than 50 percent American-owned, located in the U.S., and have fewer than 500 employees—securing a grant requires some effort. First, you’ll need to prove that your efforts are aligned with federal R&D goals by searching advertised agency solicitations on the SBIR website. 

Next, submit a proposal outlining the technical merits and benefits of your venture. If you are successful, you’ll then enter a phased R&D process. You can read more about this phased approach on SBIR.gov .

Grants aren’t for everyone

Hopefully this information cleared up any misconceptions you may have had about small business government grants.

If you need an injection of capital, don’t waste your time falling for the promises of late-night “free government money” infomercials, and instead use your energies to investigate other sources of financing.

If you don’t qualify for a bank loan, consider an SBA loan, which can be easier to secure than a standard bank loan. An SBA loan is funded with money that comes indirectly from the SBA—first the SBA makes a guaranteed loan to your bank, which then makes a small business loan to you, the business owner. This approach allows the bank to take on a little more risk than they otherwise might be able to afford.

Small business grants templates and tools

Resources to help you prepare to apply for grants.

Free business plan template

Showcase your business structure, performance, and potential with a detailed and SBA-approved business plan.

Download Template

Free pitch deck template

Impress donors with visuals to back up your business plan and grant application.

Show how you'll manage grant funding with LivePlan

Create and share your plan, pitch, and financial forecasts with a single powerful tool.

Small business grants FAQ

What are grants?

Grants are non-repayable funds provided by one party, often a government department, corporation, foundation, or trust, to a recipient, typically a nonprofit entity, educational institution, business, or individual.

They are awarded for a specific purpose, such as starting a business, conducting research, or implementing a community program. Unlike loans, grants do not require repayment, but they usually come with stipulations regarding their use and reporting requirements to ensure accountability.

How do you find grants for small businesses?

You can find grants for small businesses by exploring resources provided by federal, state, and local government agencies, such as the U.S. Small Business Administration (SBA). Additionally, check databases like Grants.gov for federal opportunities. Private foundations, corporations, and industry associations may also offer grants and often list these opportunities on their websites. Consider consulting with a business advisor or mentor to navigate these resources effectively.

What can a small business grant be used for?

A small business grant can be used for a variety of purposes depending on the specific conditions of the grant. This may include starting or expanding the business, purchasing equipment, implementing new technologies, hiring staff, funding research and development, or launching a specific project. It’s essential to understand the grant guidelines to ensure the funds are used appropriately.

What are examples of grants?

Examples of grants include the SBA’s Small Business Innovation Research (SBIR) program, which funds small businesses pursuing innovative research and development. The FedEx Small Business Grant Contest is another example, where small businesses compete for cash and business services. Local and state governments also often offer grants to stimulate economic development in specific regions or industries.

Kody Wirth is a content writer and SEO specialist for Palo Alto Software—the creator's of Bplans and LivePlan. He has 3+ years experience covering small business topics and runs a part-time content writing service in his spare time.

Table of Contents

• How to find and apply for grants
• Grants aren’t for everyone
• Templates and tools

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Startup Business Grants: Best Free Funding Options

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Startup business grants provide free funding to help small businesses grow without debt. Competition for small-business grants is fierce, however, and many awards require a minimum time in business — often at least six months.

In some cases, newer businesses or true startups may be able to access grant funding, but these options can be more difficult to find. Nevertheless, it can pay to know where to look for future financing.

Here are the best business startup grants, plus alternative funding sources to consider.

How much do you need?

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We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

Government startup business grants and resources

Some government programs offer direct business funding to startups looking for business grants, but those that don’t may point you in the right direction or help with applications.

Government agencies routinely post new grant opportunities on this centralized database . If you see an opportunity relevant to your business idea, you can check if startups are eligible. Many of these grants deal with scientific or pharmaceutical research, though, so they may not all be relevant to Main Street businesses.

State and local government grants

The federal government awards a variety of grant funding to other governments, like states or cities, or to nonprofit economic development organizations . Those entities then offer grants to local businesses. Plugging into your local startup ecosystem can help you stay on top of these opportunities. For example, New York state’s website offers a consolidated list of business grants and incubators organized by region [0] Empire State Development . Division of Small Business . Accessed Jan 2, 2024. View all sources .

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs

These federal grant programs are designed for businesses with innovative technology or scientific research ideas. Federal agencies list the types of research they’re hoping to fund, and if you think your idea qualifies, you can submit a proposal. Unsolicited proposals aren’t allowed.

Small Business Development Centers

These resource centers funded by the Small Business Administration offer business coaching, education, technical support and networking opportunities. They may also be able to help you apply for small-business grants, develop a business plan and level up your business in other ways.

Minority Business Development Agency Centers

The MBDA , which is part of the U.S. Department of Commerce, operates small-business support centers similar to SBDCs. The MBDA doesn't give grants to startup businesses directly, but these centers can connect you with grant organizations, help you prepare applications and secure other types of business financing.

» MORE: Best small-business grants for minorities

Startup business grants from private companies and nonprofits

Many corporations and large nonprofits, like the National Association for the Self-Employed, offer startup business grants or organize grant competitions. Some national opportunities include:

Fast Break for Small Business

This grant program is funded by LegalZoom, the NBA, WNBA and NBA G-League and administered by Accion Opportunity Fund. You can win a $10,000 business grant plus $500 worth of LegalZoom services.

To qualify, you have to be U.S.-based business with at least three months in business. If you have less than three months in operation or haven't started your business yet, you can apply to receive a LegalZoom product of your choosing (up to $500).

Applications for the 2024 cycle are open until Sept. 13, 2024.

IFundWomen Universal Grant Application Database

IFundWomen partners with other corporations to administer business grants. The company generally focuses on small-business grants for women , but also offers startup grants, crowdfunding and coaching, among other resources.

You can fill out a universal application to receive automatic notifications when you’re eligible to apply for a grant.

Amber Grant for Women

WomensNet gives three $10,000 Amber Grants each month and three $25,000 grants annually. Although startups are eligible for all grants, one of the monthly $10,000 grants is specifically geared toward new businesses.

Filling out one application makes you eligible for all Amber Grants. To qualify, businesses must be at least 50% women-owned and based in the U.S. or Canada.

National Association for the Self-Employed Growth Grant

Join NASE, and you can apply for quarterly Growth Grant opportunities. There are no time-in-business requirements for these grants of up to $4,000, but you’ll need to provide details about how you plan to use the grant and how it will help your business grow.

Bizee’s Fresh Start Business Grant

If you plan to start a business — or have just launched a new endeavor, you may be able to get a $2,500 startup business grant from Bizee, formerly Incfile. Bizee’s Fresh Start Business Grant can be used to cover startup costs and also includes free formation services from the company.

To qualify, you’ll need to be at least 21 years old, a U.S. resident and planning to start or grow your business in a significant way. Applications require a sample business plan, as well as a two-minute video.

Bizee has not yet announced its next grant cycle, but updates will be posted to its website.

Venmo Small Business Grant

The annual Venmo Small Business Grant offers $10,000 grants to 20 business owners. This program also provides mentorship from industry leaders and the opportunity to be featured on Venmo’s social media pages.

To qualify, you need to have a U.S. Venmo business account in good standing. You also need to have fewer than 10 employees, less than $50,000 in annual sales and have sold $500 or more in goods and services at least three months before the start of the grant program.

You can receive the latest updates about the 2024 cycle through your Venmo business profile.

The Amplifier Grant

The Outrage is an activism organization that offers a $5,000 small-business grant to companies making a difference in their community. The Amplifier Grant is available on a seasonal basis; funding is awarded in January, April, July and October.

To qualify for this grant, you must be a business or organization actively working to make the U.S. a better place. The Outrage accepts applications from startups, grassroots organizations, and nonprofits, among other small businesses.

FedEx Small Business Grant Contest

This annual competition awards grants to small-business owners in a variety of industries. To be eligible, you’ll need to have been in business for at least six months, and have had an active FedEx business account during that same timeframe. One winner will receive a $50,000 grant, and nine additional small businesses will get $20,000 grants. The application window for this year's grant program closed on April 1, 2024.

Tory Burch Foundation Fellows Program

The Tory Burch Foundation Fellows Program is designed to provide funding, education and other resources to women-owned startup businesses.

Each year, the program chooses 50 small-business owners to participate in a yearlong initiative that includes workshops, networking groups, a $5,000 business education grant and a culmination presentation. Tory Burch Fellows participants also receive access to 0% interest loans through Kiva.

To qualify for this startup grant program, you must be a women entrepreneur who owns 51% or more of your business. You also must be an early-stage company (ranging from one to five years in business) that generates revenue (the program prefers a minimum of $75,000).

Applications are closed for the 2024 Fellow cycle, but you’ll be able to find updates for the following cycle on the Tory Burch Foundation website.

Small-business incubator programs

Business incubators or accelerators are designed to help companies in various phases of the startup stage — providing education, workspaces and mentorship. Some also provide funding in the form of grants, pitch competitions with cash prizes or access to investors upon completion of their program.

Although there are a range of programs for general startups, certain incubators target specific demographics, like underserved business owners. Head Boss in Charge Headquarters (HBICHQ), for example, is a Seattle-based nonprofit that serves women and minority-owned startup businesses. It offers merit-based grants for graduates of several of its educational programs.

Other programs are designed to offer support for certain industries. Accelerate Long Island , for instance, is a nonprofit designed to help high-growth biotech and health technology companies.

The program may provide startup grants to participants in conjunction with funding partners on a case-by-case basis, and it helps new businesses navigate New York state tax incentives and find workspace by partnering with local universities.

To find these types of institutions near you, you can do an online search for “[Your City] business incubator.” Even if you don’t see a grant program, it can be helpful to sign up for their email newsletter or follow them on social media. Like SBDCs and MBDAs, startup incubators often provide business coaching , courses and lectures that can help you develop and grow your business idea.

» MORE: How to fund your business idea

Alternatives to startup business grants

Finding and applying for new business grants can be difficult and time-consuming — plus, not all startups will qualify. If you’re looking for other ways to fund your business, you might consider these alternatives:

SBA microloans . These loans offer up to $50,000 to help your business launch or expand. So far in fiscal year 2024, the average SBA microloan is $17,083 [0] U.S. Small Business Administration . Microloans Summary Report . Accessed Apr 11, 2024. View all sources . The SBA provides microloans through intermediary lenders that administer, underwrite and issue their own microloans. As a result, SBA microloan requirements vary largely by lender. Many intermediaries are willing to work with startups, however. In fact, startup businesses received 25.3% of all SBA microloans issued in fiscal year 2024 [0] U.S. Small Business Administration . Microloans Summary Report . Accessed Apr 11, 2024. View all sources . You can find a lender in your state on the SBA's website .

Friends and family funding . Asking friends and family to provide an investment for your business is a common form of startup funding . This type of arrangement can place a strain on relationships, however, so you’ll want to be careful. You’ll want to define each person’s investment — is it a loan or are they getting equity in your business? If you’re receiving a small-business loan , you’ll want to lay out the rates and terms and detail how you’re going to pay it back. You should put all agreements in writing, if possible.

Business credit cards . You can qualify for a business credit card with your personal credit score and some general information about your business, like your business name and industry. Startup business credit cards often earn rewards for spending, making them great for daily expenses, but they aren’t typically suited for larger purchases. If you make a large purchase on your credit card and can’t pay it back right away, you’ll start accruing interest on your balance, which can become expensive and difficult to manage. Keep in mind that you’ll likely need to sign a personal guarantee with your application — which means you’ll be held responsible for paying back the debt if your business can’t.

Crowdfunding . If you have a dedicated customer base, they can help finance your business through crowdfunding. In exchange for capital, businesses usually offer something for their supporters, like debt notes, equity shares or access to an exclusive event. You can compare a variety of crowdfunding platforms that offer different terms, such as Kickstarter, Indiegogo and StartEngine, to find the model that works best for you.

Looking for a business loan?

See our overall favorites, or narrow it down by category to find the best options for you.

on NerdWallet's secure site

A business startup grant provides free capital specifically for new businesses, which can be used for a variety of purposes. Unlike small-business loans, grants offer access to funds that don’t need to be repaid.

You can find startup business grants at government and state agencies, private corporations and nonprofit organizations. In general, grants for startups can be more difficult to find, so it can be helpful to reach out to local business development centers for assistance.

To apply for a startup business grant, you’ll first need to make sure you meet all of the eligibility criteria. Then, you’ll need to take time to complete the application. Every awarding organization will have specific requirements and a unique application. You may decide to hire a grant writer to help you with the process.

On a similar note...

How to Start a Grant Writing Business

Main Sections In This Post Steps To Starting A Grant Writing Business Points to Consider Knowledge Is Power Featured Video

This post offers a detailed step-by-step guide to kickstart your grant writing business.

It provides insight, examples, and samples to provide a comprehensive understanding.

The “Knowledge Is Power” section ensures access to up-to-date search results. These resources cater to both the startup and established phases of your venture.

Given the wealth of information, consider sharing and bookmarking this post for future reference—a valuable resource for aspiring and existing grant writers.

Let’s get started with the steps.

The Steps to Take To Start Your Grant Writing Business

Below are the steps to starting a grant writing business.

Each step is linked to a specific section, allowing you to jump to your desired section or scroll to follow the steps in order.

• An Overview of What You’re Getting Into
• Grant Writing Business Overview
• Researching Your Grant Writing Business
• Looking at Financials
• Creating Your Mission Statement
• Creating A Unique Selling Proposition (USP)
• Choose a Grant Writing Business Name
• Register Your Company
• Create Your Corporate Identity
• Writing a Business Plan
• Banking Considerations
• Getting the Funds for Your Operation
• Software Setup
• Business Insurance Considerations
• Supplier and Service Provider Considerations
• Setting Your Prices
• Physical Setup
• Creating a Website
• Create an External Support Team
• Hiring Employees
• Getting Customers Through the Door

1. An Overview of What You’re Getting Into

Working in a field you’re passionate about is a true blessing. Passion serves as the driving force behind your success. When you love what you do, challenges become opportunities for solutions rather than exit strategies.

Your level of passion profoundly influences your success, but it’s essential to reflect on a hypothetical scenario. Imagine having abundant wealth, a comfortable life, and no financial concerns. Would you still choose to run a grant writing business without monetary gain?

If your answer is a resounding “yes,” it signifies your unwavering passion for this endeavor. You’re on the right track.

Conversely, if your response is “no,” it raises an important question: What would you prefer to do instead? This introspection might lead you to a different path more aligned with your interests.

In conclusion, passion is the cornerstone of success when owning and operating a grant writing business. It’s the driving factor that fuels your determination and resilience. So, assess your passion and let it guide you toward a fulfilling career path.

For More, See How Passion Affects Your Business . Also, see Considerations Before You Start Your Business to identify key points for a new business owner.

2. Gaining an Overview of Owning a Grant Writing Business

Next, let’s spend some time on key issues to give you an overview of what to expect from owning and running your business.

a.) A Quick Overview of Owning a Grant Writing Business

A grant writing business is a professional service that specializes in assisting organizations, non-profits, businesses, and individuals to secure funding through grants.

These grants can come from various sources, including government agencies, private foundations, and corporations.

The primary goal of a grant writing business is to help clients prepare compelling grant proposals that increase their chances of receiving funding.

Day-to-day tasks involved in running and managing a grant writing business can vary but typically encompass the following:

• Client Consultations : Meet with potential clients to assess their needs, objectives, and funding requirements. This involves discussing project details and understanding their mission and goals.
• Research and Grant Identification : Identifying relevant grant opportunities that align with the client’s objectives. This involves extensive research to find suitable grants and funding sources.
• Proposal Writing : Creating persuasive grant proposals that effectively communicate the client’s project, objectives, and the impact of the proposed funding. This includes developing a compelling narrative, budgeting, and attaching required documents.
• Client Communication : Maintaining clear and regular communication with clients to provide updates on the progress of grant applications, answer questions, and address concerns.
• Networking : Building and maintaining relationships with potential grant providers, funders, and other organizations in the field. This involves attending conferences, workshops, and industry events.
• Administrative Tasks : Managing administrative duties such as invoicing clients, tracking project timelines, and maintaining records of grant applications and outcomes.
• Continuous Learning : Staying up-to-date with industry trends, changes in grant application guidelines, and emerging funding opportunities.
• Marketing and Outreach : Promoting the grant writing business through various marketing channels, including social media, websites, and networking events.
• Quality Control : Ensuring the quality and accuracy of grant proposals, including proofreading and editing, to enhance their competitiveness.
• Financial Management : Overseeing the financial aspects of the business, including budgeting, expenses, and revenue generation.
• Client Retention : Fostering long-term relationships with clients by delivering successful grant applications and providing ongoing support for grant management and reporting.

Running a grant writing business demands writing skills, research acumen, project management, and a deep understanding of the grant funding landscape.

Successful grant writers can translate their clients’ visions into persuasive proposals that secure the funding to advance their missions and initiatives.

b.) Grant Writing Business Models

Grant writing businesses can take various setups and business models depending on their focus and client base. Here are some common types:

• Business Model : Sole proprietorship.
• Description : Independent grant writers offer their services to multiple clients on a freelance basis. They charge per grant proposal or hourly rates.
• Business Model : Consulting firm.
• Description : Consultancies offer a range of grant-related services, including proposal writing, grant research, and program development. They often work with nonprofits, businesses, and government agencies.
• Business Model : Nonprofit organization.
• Description : Nonprofits focused on grant services assist other nonprofits in securing funding. They may charge fees or work on a percentage basis of the grants secured.
• Business Model : Education and training.
• Description : These businesses offer workshops, courses, and training sessions on grant writing. They generate revenue through course fees.
• Business Model : Software as a Service (SaaS).
• Description : Companies in this category develop and sell grant writing software and tools that assist grant writers in the proposal creation process. They charge subscription fees.
• Business Model : Combination.
• Description : Some grant writing businesses combine multiple models. For instance, a consultancy may also offer grant writing workshops or provide software tools to clients.

Choosing the right business model from the beginning is crucial, as switching your model later can be more challenging.

Consider your expertise, target market, competition, and the services you want to provide.

Identify a business model that aligns with your strengths and interests, as this will make the startup phase smoother and more planned.

Remember that flexibility in your business model can also allow adaptation as your grant writing business grows and evolves.

c.) Making Your Grant Writing Business Stand Out

Ideas to Make a Grant Writing Business Stand Out:

• Niche Specialization : Focus on a specific niche or industry, such as education, healthcare, or environmental conservation. Specialization demonstrates expertise and attracts clients seeking tailored solutions.
• Proven Track Record : Showcase a portfolio of successfully secured grants and highlight the impact these grants had on clients’ projects. Social proof is a powerful tool.
• Client Testimonials : Encourage satisfied clients to provide testimonials that highlight your professionalism, reliability, and the results you delivered.
• Partnerships : Collaborate with other businesses or organizations, such as nonprofits or consultants, to offer comprehensive grant solutions. Partnerships can expand your reach and service offerings.
• Transparency : Be transparent about your pricing, processes, and timelines. Clients appreciate honesty and clarity in their interactions.
• Educational Content : Create and share educational content through blogs, webinars, or workshops to position yourself as an industry thought leader and provide value to potential clients.
• Exceptional Communication : Maintain open and consistent communication with clients. Promptly respond to inquiries and keep clients informed about the progress of their grant applications.
• Diverse Funding Sources : Develop expertise in identifying and accessing diverse funding sources, including government grants, private foundations, and corporate giving programs.
• Innovative Technology : Utilize grant management software and tools to streamline processes, enhance organization, and improve collaboration with clients.
• Client-Centric Approach : Tailor your services to meet the unique needs and goals of each client. Demonstrating a client-centric approach fosters trust and satisfaction.

d.) Add-ons for a Grant Writing Business

• Grant Research Services : Offer comprehensive grant research services to identify suitable client funding opportunities. This can include creating a customized grants database.
• Grant Management Software : Develop or partner with software providers to offer grant management platforms that assist clients in tracking deadlines, requirements, and reporting.
• Funding Strategy Consulting : Provide strategic consulting services to help clients develop long-term funding strategies aligned with their mission and goals.
• Grant Review and Editing : Offer grant review and editing services for clients who have already drafted proposals. This ensures submissions are polished and competitive.
• Grant Evaluation Services : Assist clients in evaluating the effectiveness of their grant-funded projects, including impact assessment and reporting.
• Training Workshops : Host grant writing workshops and training sessions for clients and other professionals interested in improving their grant writing skills.
• Grant Compliance Services : Help clients navigate complex grant compliance requirements, ensuring they meet all obligations and reporting standards.
• Grant Marketing Services : Develop marketing and outreach strategies to promote clients’ grant-funded projects to potential donors, stakeholders, and the public.
• Grant Proposal Templates : Create customizable grant proposal templates tailored to specific industries or funding sources, providing clients with a valuable resource.
• Monthly Retainer Packages : Offer monthly retainer packages where clients can access ongoing grant writing support, consulting, and services as needed.
• Grant Writing Certification : Develop and offer a grant writing certification program for individuals looking to enter the field or improve their skills.
• Grant Funding Alerts : Provide clients with real-time grant funding alerts and updates on new opportunities that match their criteria.
• Grant Workshops for Donors : Organize workshops and training sessions for potential grant donors, helping them understand the grant application process and criteria.
• Social Impact Measurement Tools : Develop tools and services that help clients measure and communicate the social impact of their grant-funded projects.
• Diversity and Inclusion Services : Assist clients in addressing diversity and inclusion aspects within their grant applications, aligning with the priorities of many grant providers.

By implementing these add-ons, a grant writing business can expand its service offerings, cater to diverse client needs, and create additional revenue streams while enhancing its reputation and value in the industry.

e.) Pros and Cons of Owning a Business

Starting and running a business comes with both advantages and challenges.

While the benefits are enticing, it’s crucial not to overlook the potential hurdles.

Recognizing these challenges early on allows for better preparation and minimizes unexpected setbacks in your entrepreneurial journey.

For more, see Pros and Cons of Starting a Small Business.

f.) Challenges You Could Face When Starting and Operating a Grant Writing Business

Challenges When Starting a Grant Writing Business:

• Competition : The grant writing industry is competitive, with many experienced professionals and firms. As a newcomer, establishing a reputation and winning clients can be challenging.
• Building a Client Base : Acquiring the first clients can be daunting. Without a track record, potential clients may hesitate to entrust their grant proposals to a new business.
• Legal and Regulatory Requirements : Navigating the legal aspects of business formation, contracts, and compliance with grant guidelines can be complex and time-consuming.
• Financial Uncertainty : In the early stages, cash flow may be inconsistent. Securing steady revenue while covering startup costs can be stressful.
• Learning Curve : Understanding the intricacies of various grants, industries, and effective proposal writing takes time and continuous learning.
• Marketing and Branding : Building a strong online presence, marketing effectively, and establishing a brand identity require concerted effort and expertise.

Challenges When in Full Operation:

• Client Retention : Maintaining long-term client relationships can be challenging, as clients may seek other grant writers or reduce their grant-seeking efforts.
• Proposal Success Rates : Grant approval rates can be unpredictable, impacting the perceived effectiveness of your services.
• Workload Management : Managing multiple clients and grant applications simultaneously demands strong organizational skills and efficient project management.
• Changing Regulations : Grant guidelines and regulations may evolve, requiring ongoing adaptation and keeping up-to-date with compliance requirements.
• Fee Structure : Determining pricing strategies that balance affordability for clients with profitability for the business can be complex.
• Burnout : The workload and deadline pressures in grant writing can lead to burnout if not managed effectively.
• Evolving Industry Trends : Staying updated with industry trends, technology, and best practices is crucial to remain competitive.
• Economic Factors : Economic downturns can impact grant availability and funding priorities, affecting business stability.
• Client Diversity : Serving clients from diverse sectors and industries necessitates versatility and adaptability in grant writing skills.
• Legal Liabilities : Errors or omissions in grant proposals can lead to legal liabilities and reputation damage if not addressed properly.

Understanding these challenges at the startup phase and during full operation is essential for grant writing business owners.

Effective strategies, continuous learning, adaptability, and excellent client relationships are key to overcoming these obstacles and achieving long-term success in the field.

g.) Questions You Need to Consider for Your Grant Writing Business

Before embarking on your grant writing business journey, it’s essential to address crucial questions to ensure preparedness and success:

• Business Model : Determine the grant writing business model that aligns with your goals, whether freelance, consultancy, or a hybrid approach.
• Skills Assessment : Evaluate your grant writing skills and assess if you possess the necessary management and operational expertise.
• Solo or Team : Decide if you’ll handle all aspects alone or hire employees or partners to share responsibilities.
• Management : Consider if you’ll manage the business personally or hire a manager for day-to-day operations.
• Customer Acquisition : Develop a customer acquisition strategy, including marketing, networking, and outreach.
• Customer Retention : Plan how to maintain long-term client relationships and ensure repeat business through exceptional service.
• Partnerships and Investors : Explore potential partnerships or investors who can enhance your business’s capabilities and reach.
• Financing : Evaluate your startup costs and devise a financing strategy, considering loans, investments, or personal savings.
• Profitability Timeline : Determine how long it may take to turn a profit, understanding the financial challenges during the early stages.
• Personal Support : Identify how you’ll sustain yourself financially during the initial phase, which can be financially demanding.
• Service Offerings : Define the range of products and services your business will offer, from grant writing to additional support.
• Market Demand : Research market demand to ensure your offerings meet clients’ needs and preferences.
• Unique Value Proposition : Clearly define what sets your grant writing business apart from competitors and emphasize your unique value.
• Marketing and Branding : Establish a robust marketing and branding strategy to build a strong online presence and industry reputation.
• Legal and Compliance : Address legal requirements, contracts, and compliance with grant guidelines to operate ethically and transparently.
• Continuous Learning : Commit to ongoing learning and staying current with industry trends, regulations, and best practices.

By thoroughly addressing these questions, you’ll be better equipped to navigate the complexities of starting and operating a grant writing business, enhancing your chances of long-term success in this competitive field.

3. Research

Inside information grant writing business research.

Thorough Research is Essential

Before further steps, thorough research is necessary when starting a grant writing business. Quality information is your compass, guiding you through the complexities of this endeavor.

Learn from Experienced Professionals

Experienced grant writers can provide invaluable insights. Their knowledge and years of experience make them reliable sources of information. Spending time with them can be priceless for your business’s success.

Finding the Right Mentors

Discovering the right mentors goes beyond this post. Detailed strategies for identifying and approaching mentors are available in the article “An Inside Look Into the Business You Want To Start.”

Recommendation

I strongly advise reading “An Inside Look Into the Business You Want To Start” for comprehensive guidance on understanding and preparing for your journey into grant writing.  See An Inside Look Into the Business You Want To Start for all the details.

Supply, Demand, and Your Location

Assessing Market Demand for Your Grant Writing Business

Before launching your grant writing business, conducting a comprehensive assessment of market demand in your chosen location is crucial. Here are simple strategies to help you gauge demand effectively:

1. Market Research :

• Online Tools : Utilize online market research tools like Google Trends, Keyword Planner, and industry-specific databases to identify search trends and keyword volume related to grant writing services in your target location.
• Competitor Analysis : Study your competitors in the area. Evaluate their client base, services offered, and customer reviews to understand the demand they’re meeting.

2. Customer Surveys :

• Online Surveys : Create online surveys or questionnaires to gather insights from potential clients. Ask about their grant writing needs, pain points, and preferences.
• Local Networking : Attend local business events, chamber of commerce meetings, or industry-specific gatherings to network with potential clients. Engage in conversations to uncover their grant-related challenges.

3. Focus Groups :

• Organize Workshops : Host workshops or webinars on grant-related topics. This not only establishes your expertise but also allows you to interact with potential clients directly.
• Feedback Sessions : Arrange focus group sessions where you present your grant writing ideas and gather feedback. This can provide valuable insights into demand.

4. Local Partnerships :

• Collaborate with Organizations : Partner with local nonprofit organizations, educational institutions, or businesses. They often require grant writing services and can help you gauge demand.
• Networking Events : Attend local business networking events and build relationships with organizations that might need your services.

5. Online Presence :

• Website Analytics : If you have a website, analyze its traffic using tools like Google Analytics. Monitor the geographical location of visitors to assess interest in your services.
• Social Media Engagement : Use social media platforms to engage with the local community. Observe the response to grant-related posts and inquiries from your target location.

6. Pilot Projects :

• Offer Pilot Services : Consider offering discounted or trial grant writing services initially. This can attract clients and provide real-world data on demand.
• Client Feedback : Collect feedback from pilot clients to refine your offerings and understand the market better.

7. Industry Reports :

• Access Reports : Explore industry-specific reports and publications that highlight grant opportunities and trends in your chosen location.

8. Government Resources :

• Local Government : Check with local government agencies and economic development offices for information on grant programs in the area. This can indicate the level of grant activity.

By employing these strategies, you’ll gain valuable insights into the demand for your grant writing services in your chosen location. This data will inform your business decisions and increase your chances of a successful venture.

For more, see the Demand for Your Products and Services and Choosing The Best Location for Your Business.

Target Audience

Understanding Your Target Audience

Understanding your target audience is paramount for business success. Benefits include:

• Tailored Offerings: Customize products and services to meet customer needs.
• Efficient Marketing: Focus marketing efforts on interested individuals.
• Customer Satisfaction: Provide solutions aligned with customer preferences.

Target Market Ideas:

• Nonprofit Organizations
• Small Businesses
• Educational Institutions
• Healthcare Providers
• Government Agencies
• Arts and Culture Organizations
• Research Institutions
• Community Development Organizations
• Environmental Initiatives

For more, see How To Understand Your Target Market.

4. Looking at Financials:

Startup Cost Considerations

Starting a grant writing business requires meticulous planning, especially regarding startup costs.

Here’s a comprehensive overview:

Accurate Estimation : Precise estimation of startup costs is crucial for a smooth launch. Underestimating can lead to financial shortages while overestimating may deter potential investors.

Factors Influencing Costs :

• Business Size : Costs vary depending on the scale of your operation.
• Location : Your chosen location can significantly impact expenses.
• Employees : Deciding whether to hire employees or work solo affects costs.
• Equipment : Buying new or used equipment and office supplies is a cost consideration.
• Leasing vs. Renting : Deciding between leasing or renting space affects financial planning.

Estimation Process :

• Listing Expenses : Create a detailed list of everything you need to start your business.
• Price Research : Research and gather prices for each item or service.
• Unforeseen Issues : Anticipate unexpected expenses that may arise during the planning phase.

Sales and Profit Outlook :

The success of your grant writing business hinges on several factors:

• Customer Service : Exceptional service fosters customer loyalty.
• Product/Service Popularity : The demand for your offerings and their appeal to clients is vital.
• Effective Marketing : Reaching and engaging your target audience drives sales.

For More, See Estimating Profitability and Revenue.

Profit Simplified :

To assess profitability, consider the following:

• Profit per Sale : Calculate the profit generated from each transaction.
• Sales Volume : Determine the number of sales you can realistically achieve.
• Overhead Expenses : Account for all monthly expenses, including overhead.

Achieving profitability means balancing profit per sale and sales volume and managing monthly expenses.

For more detailed information, refer to my article on Estimating Startup Costs.

This holistic overview will guide your financial planning and set realistic expectations for your grant writing business.

Simple Sample: Financial Lists to Consider As a Starting Point

Note: Focus on the list items more than the numbers. The numbers are samples. Your estimates will differ due to how you set up your business, location, expenses, and revenues.

1. Start-Up Costs for a Mid-Sized Grant Writing Business:

2. Monthly Expenses for a Mid-Sized Grant Writing Business:

Please note that these sample estimates can vary based on location, specific business needs, and other factors.

It’s essential to conduct thorough research and consult with professionals in the field to get accurate figures for your specific situation.

Average Profits For Mid-Sized Grant Writing Business in The USA grant statistics, grant writing, and the grant industry.

• Writing a single federal grant application takes between 80 and 200 hours for a nonprofit. Source
• According to the Bureau of Labor Statistics, the grant writer’s hourly wages range from $20 to $100. Source
• The average salary for a Grant Writer in 2023 is $51,115. Source

To determine the average gross profit for a grant-writing business, one must consider various factors such as the number of grants written in a year, the success rate of obtaining those grants, the hourly or project-based fees charged, and any additional services offered.

Consider revisiting Step 3. Researching your grant writing business , where there is a technique to get inside information, will benefit you in this step.

5. Create Your Mission Statement

The Significance of a Mission Statement

A mission statement serves as a compass for your grant writing business. It crystallizes your business’s purpose and benefits, keeping you on the right path.

Clarity and Focus :

A well-crafted mission statement reminds you of your primary value to customers and the community, ensuring you stay committed to your core mission.

Examples of Mission Statements for a Grant Writing Business :

• “Empowering nonprofit organizations with expert grant writing services to drive positive change in our community.”
• “Dedicated to securing funding for innovative projects that make a lasting impact on society.”
• “Enabling educational institutions to access vital resources through comprehensive grant solutions.”
• “Committed to helping businesses thrive by securing grants that drive growth and sustainability.”
• “Supporting the arts and cultural initiatives by connecting creative minds with grant opportunities.”

These mission statements emphasize the purpose and focus of a grant writing business, guiding its endeavors towards serving its clients and the broader community.

For more, see How To Create a Mission Statement.

6. Creating A Unique Selling Proposition (USP)

The Power of a Unique Selling Proposition (USP)

A Unique Selling Proposition (USP) is a distinct feature or quality that sets your grant writing business apart from the competition.

It’s a crucial tool for identifying what makes your business unique and enticing to customers.

Stand Out from the Crowd : A well-defined USP helps you break through the clutter of similar businesses by showcasing what makes your services unique.

Attract and Retain Customers : Your USP can resonate with your target audience, drawing them in and keeping them loyal because they recognize your value.

Examples of USPs for a Grant Writing Business :

• “Guaranteed Grant Success: We promise a 95% success rate in securing funding for your project.”
• “Tailored Solutions: Every grant proposal is customized to match your organization’s unique needs and goals.”
• “Quick Turnaround: Our rapid-response grant writing team delivers results within 30 days, unmatched in the industry.”
• “Affordable Excellence: Access top-tier grant writing expertise without breaking your budget.”
• “Industry Expertise: Our grant writers specialize in healthcare, ensuring your medical facility secures vital funding.”

These USPs highlight the exceptional qualities that distinguish each grant writing business, whether it’s exceptional success rates, speedy service, affordability, or specialized expertise.

7. Choose a Business Name

Choosing the Right Business Name

Selecting a business name is a pivotal decision.

It should be catchy, industry-appropriate, easy to remember, and potentially stand the test of time.

Remember, your business name is a long-term commitment.

Online Presence : In today’s digital age, securing a matching domain name for your website is essential.

Avoid Conflicts : Ensure the name you choose isn’t already registered by another business to prevent legal issues.

Now, here’s a list of 30 ideas for Grant Writing Business names to ignite your creativity:

• GrantCraft Pro
• FundWrite Solutions
• GrantWise Advisors
• PhilanthroPro
• GrantGuru Partners
• FundingFocus Experts
• GrantMasters Inc.
• Purposeful Proposals
• GrantWave Consultants
• StellarGrant Strategies
• FundingFusion LLC
• GrantVista Services
• GrantElevate Solutions
• ProsperityPitch
• GrantHorizon Group
• Visionary Grants
• ElevateFund Pros
• FundForesight Experts
• ImpactWrite Team
• GrantSage Partners
• GrantBoost Advisors
• AscendGrant Solutions
• AccessFunds Pro
• QuestBridge Consultants
• VisionCraft Grant Writers
• SummitGrant Strategies
• GrantLift Pros
• VentureWrite Services
• FundedFutures LLC
• CatalystGrant Consultants

Use these suggestions as a starting point to brainstorm and create a unique and memorable name for your grant writing business.

For more, see the following articles:

• How To Register a Business Name
• Registering a Domain Name For Your Business

8. Register Your Company

Ensuring Legal Compliance for Your Grant Writing Business

Legal compliance is a fundamental aspect of starting and running any business. It’s essential to consult with a professional, such as an attorney or accountant, to ensure your grant writing business adheres to all legal requirements and tax considerations.

Common Types of Registrations :

• Business Structure : Decide on your business structure, such as a sole proprietorship, partnership, limited liability company (LLC), or corporation.
• Business Name : Register your chosen business name if required in your jurisdiction.

Permits and Licenses to Consider :

• Business License : Obtain a general business license, often required by local governments.
• Sales Tax Permit : If you sell services and your state has sales tax, you may need to apply for a sales tax permit.
• Home Occupation Permit : Check for a home occupation permit if you operate from home.
• Professional License : Depending on your location, you may require professional licensing or certifications in grant writing.
• Employer Identification Number (EIN) : If you hire employees or operate as a corporation, you’ll need an EIN from the IRS.
• State Grant Writing Associations : Some states may require membership in grant writing associations for certain activities.
• Contracts and Agreements : Consult a legal professional to draft contracts, agreements, and terms of service.
• Privacy and Data Protection : Ensure compliance with data protection laws when handling client information.
• Insurance : Consider liability insurance to protect your business from legal claims.
• Zoning Compliance : Check zoning regulations, especially if you operate from a commercial location.
• Permit for Seminars/Workshops : If you host training events, workshops, or seminars, check if permits are needed.

Consulting with professionals and researching local regulations will help you navigate the legal aspects of your grant writing business effectively, ensuring compliance and mitigating legal risks.

Registration:

• How to Register Your Business
• How To Register a DBA
• How to Register a Trademark
• How to Get a Business License

Business Structures:

• How to Choose a Business Structure
• Pros & Cons of a Sole Proprietorship
• How To Form an LLC
• How To Register a Business Partnership
• How To Form a Corporation
• How To Choose a Business Registration Service

9. Create Your Corporate Identity

Creating a Professional Corporate Identity

Building a strong corporate identity (ID) is essential for any business. It’s the visual representation of your brand and plays a significant role in how your business is perceived. Here are key components to consider:

Logo Design:

Your logo is the cornerstone of your corporate ID. Invest in a professionally designed logo that reflects your business’s values and personality. It should be simple, memorable, and versatile.

Business Cards:

Design eye-catching and informative business cards. They serve as a direct link between you and potential clients. Ensure they include your logo, contact information, and a clear description of your services.

A well-designed website is essential in today’s digital age. It’s often the first point of contact for potential clients. Make sure your website is user-friendly, informative, and visually appealing.

Business Signage:

If you have a physical location, invest in professional signage. Your business sign should prominently display your logo and business name, making it easy for customers to find you.

Stationery:

Consistency is key. Use your corporate ID on all your stationery, including letterheads, envelopes, and invoices. This reinforces your brand identity.

Promotional Materials:

Whether it’s brochures, flyers, or promotional products, ensure they align with your corporate ID. This consistency helps in brand recognition.

Brand Guidelines:

Create brand guidelines to maintain consistency in how your corporate ID is used. This includes specifying logo usage, color schemes, fonts, and more.

Professionalism Matters:

Invest in professional design services to create and maintain your corporate ID. Amateurish designs can harm your brand’s credibility.

Adaptability:

Your corporate ID should be versatile enough to work across various mediums and platforms, from digital to print.

Evolve Over Time:

Consider refreshing your corporate ID to stay relevant and competitive as your business grows and evolves.

A well-crafted corporate identity enhances your brand’s reputation and makes a positive impression on customers. It’s a valuable investment that sets you apart from the competition.

You can see our page for an overview of your logo , business cards , website , and business sign , or see A Complete Introduction to Corporate Identity Packages.

10. Writing a Business Plan

A business plan is a fundamental document serving multiple purposes.

It becomes invaluable when seeking financing or investors and acts as a guiding beacon throughout your business journey, whether in its infancy or full operation.

Crafting an effective business plan demands time and effort, as it involves envisioning your business’s future in intricate detail.

Despite the effort, the result is well worth it, providing you with a clear startup and operational success roadmap.

When creating your business plan, remember the flexibility in your approach. You can start from scratch, hire a professional, utilize templates, or leverage business plan software.

Regardless of your choice, active participation is crucial to convey your business’s nature and management strategy effectively.

Keep in mind that change is inevitable. Your business plan and operations may evolve as you gain experience or adapt to market shifts.

Regularly reviewing and updating your business plan ensures it remains a relevant and powerful tool in guiding your business toward continued success.

Business Plan Template for a Grant Writing Business

Executive Summary

• Business Name and Overview : Concisely describe your grant writing business, its mission, and goals.
• Key Highlights : Summarize the unique aspects of your business, such as your specialization, target market, and competitive advantages.
• Financial Summary : Include a brief overview of your financial projections, startup costs, and funding requirements.

Business Description

• Business Structure : Detail whether your business is a sole proprietorship, partnership, LLC, or corporation.
• Mission and Vision : Define your business’s long-term mission and vision statements.
• Business Goals : List specific short-term and long-term goals for your grant writing business.

Market Research

• Industry Analysis : Provide an overview of the grant writing industry, including trends, challenges, and growth prospects.
• Target Market : Define your ideal clients, including nonprofits, government agencies, or specific industries.
• Competitive Analysis : Identify key competitors, their strengths and weaknesses, and how you plan to differentiate your services.
• SWOT Analysis : Conduct a SWOT analysis to evaluate your business’s strengths, weaknesses, opportunities, and threats.

Services and Solutions

• Service Offerings : Detail the grant writing services you provide, including proposal writing, research, and consulting.
• Pricing Strategy : Describe your pricing structure, including rates, packages, and discounts.
• Value Proposition : Explain your unique value to clients and how your services address their needs.

Marketing and Sales

• Marketing Strategy : Outline your marketing plan, including online and offline strategies, content marketing, and social media.
• Sales Strategy : Describe your sales approach, lead generation methods, and the sales team’s structure (if applicable).
• Client Acquisition : Explain how you intend to acquire and retain clients, highlighting your unique selling points.

See How to Write a Business Plan for information on creating your business plan.

11. Banking Considerations

Choosing the Right Bank for Your Grant Writing Business

Regarding your grant writing business, the choice of bank matters. Here’s why:

1. Local Focus on Small Businesses

Opt for a nearby bank with a strong commitment to supporting small businesses. They understand your unique needs.

2. Business Account Benefits

Having a dedicated business account offers multiple advantages:

• Expense Tracking : Separating personal and business transactions makes expense tracking a breeze.
• Accurate Reporting : Maintaining a clean ledger ensures accurate financial reporting.
• Simplified Tax Filing : Come tax season, you’ll have everything neatly accounted for.

3. Building a Professional Relationship

Establishing a professional connection with your banker goes a long way:

• Financial Advice : Your banker can provide valuable financial guidance tailored to your business.
• Streamlined Transactions : They can help streamline loan applications and other financial services.

4. Embracing Card Payments

Consider having a merchant account or online service for card payments:

• Increased Sales : Accepting credit and debit cards can boost sales.
• Customer Convenience : It makes transactions more convenient for your clients.

Choosing the right bank and financial services sets a strong foundation for your grant writing business’s financial success.

For more, see How to Open a Business Bank Account. You may also want to look at What Is a Merchant Account and How to Get One.

12. Getting the Funds for Your Operation

Tips for Securing Funding for Your Grant Writing Business

If you need a loan to kickstart your grant writing business, consider these options:

• Traditional Lenders : Banks and credit unions often offer business loans with various terms and interest rates.
• Private Loans : Seek loans from family, friends, or private lenders willing to invest in your venture.
• Investors : Attract potential investors who believe in your business idea and are willing to provide financial support.
• Asset Sales : Sell assets you own to generate capital for your business.

When meeting with a loan officer, consider the following:

• Business Plan : Prepare a detailed business plan outlining your grant writing services, target market, and financial projections.
• Credit History : Ensure your personal and business credit histories are in good standing.
• Collateral : Be ready to discuss any assets you can use as collateral for the loan.
• Financial Statements : Provide financial statements, including income statements and cash flow projections.
• Use of Funds : Clearly define how you intend to use the loan proceeds.
• Repayment Plan : Present a well-thought-out repayment plan, showcasing your ability to meet loan obligations.
• Legal Documentation : Be prepared to provide legal documents such as business licenses and registrations.
• Personal Information : Your loan officer may request personal information, including tax returns and identification.

A sample list of documents needed to apply for a NEW business loan:

• Business Plan
• Credit Report
• Personal and Business Tax Returns
• Financial Statements
• Collateral Information
• Repayment Plan
• Legal Documents
• Personal Identification

Prepare thoroughly and demonstrate your business’s viability to increase your chances of securing the funding needed to launch your grant writing business.

For more, see the following:

• Getting a Small Business Loan
• Search: Grant Writing Business Start-up Loans
• Search: Grants For a Grant Writing Business

13. Software Setup

When selecting software for your grant writing business, thorough research is essential.

Implementing a program from scratch is far easier than switching systems after your data is already in another program.

Look for a company with a solid history, ensuring dependable future support. Take advantage of demos to test the software before committing. Software reviews and forums provide valuable insights from other users.

Additionally, consider software for expense tracking and financial document preparation for tax filing.

Consulting with a bookkeeper or accountant can aid in choosing the right accounting software tailored to your grant writing business.

Software types for grant writing business management and operations may include:

• Grant Writing Software : Specialized tools to streamline the grant application process.
• Project Management Software : Track grant projects, deadlines, and team collaboration.
• Accounting Software : For financial management, expense tracking, and tax preparation.
• Customer Relationship Management (CRM) Software : To manage client relationships and communications.
• Document Management Software : Organizing and securely storing grant proposals and related documents.
• Marketing Software : Tools for online marketing and client outreach.
• Time Tracking Software : For monitoring billable hours and project progress.
• Communication Tools : Email clients, video conferencing, and messaging apps for client interactions.
• Expense Tracking Software : To monitor business expenses and budgets.
• File Backup and Storage Solutions : Cloud-based services to ensure data security and accessibility.

Choose software that aligns with your business needs, streamlines operations, and enhances productivity in your grant writing endeavors.

Check out Google’s latest search results for software packages for a grant writing business.

14. Get The Right Business Insurance

Having the right insurance in place for your grant writing business is non-negotiable.

Unforeseen incidents can occur anytime, and the right insurance safeguards your business, clients, employees, and assets.

• General Liability Insurance : Protecting against accidents or injuries on your premises.
• Professional Liability Insurance : Safeguarding you against lawsuits related to your grant writing services.
• Property Insurance : Covering physical assets like computers, office furniture, and documents.
• Business Interruption Insurance : A lifeline in case of involuntary shutdown due to incidents.
• Home-Based Business Insurance : If you work from home, inform your home insurance agent to prevent nullifying your policy.

Consult a competent insurance broker to ensure you have adequate coverage tailored to your grant writing business’s needs. Being prepared with the right insurance provides peace of mind and financial security in case of unexpected events.

For more, see What to Know About Business Insurance . You can also browse the latest Google search results for grant writing business insurance .

15. Suppliers and Service Providers

Selecting Suppliers and Service Providers for Your Grant Writing Business

Establishing a reliable network of suppliers and service providers is essential when establishing a grant writing business. Here’s a list of items and services you might need from them:

• Office Supplies : Reliable sources for paper, pens, notebooks, and other stationery.
• Computers and Software : Suppliers for computers, laptops, and essential software applications.
• Internet Service Provider : A reliable internet connection is fundamental for an online-based business.
• Website Hosting : Hosting services to keep your website accessible and secure.
• Printers and Scanners : Equipment suppliers for printing and scanning documents.
• Marketing and Advertising Services : Graphic designers, advertising agencies, or freelancers to assist with promotional materials.
• Legal Services : Lawyers for contract review and legal advice.
• Accounting Services : Certified accountants or bookkeepers for financial management.
• Office Furniture Suppliers : Furnishing providers for desks, chairs, and storage solutions.
• Insurance Providers : Insurance companies for business liability and coverage.

Building strong relationships with suppliers and service providers is essential for business success. They can offer competitive prices, ensure a steady supply of necessary items, and contribute to your overall efficiency.

Respecting and benefiting them financially fosters trust and strengthens these crucial partnerships.

For More, See How To Choose a Supplier.

16. Setting Prices

Researching pricing when starting a grant writing business is paramount for several reasons. Firstly, it ensures a competitive edge.

Setting prices too high can deter potential clients, leading to lost sales.

Conversely, overly low prices might attract more customers but hinder profitability, making it challenging to cover expenses. Striking the right balance aligns your rates with the current market while emphasizing the value you offer.

This attracts clients and ensures you can sustain and grow your grant writing business while providing top-notch service. Pricing research guides your business toward a profitable and sustainable path.

See the following for more:

• Setting the Price of Your Products and Services
• Search Results for Pricing Strategies for a Grant Writing Business.

17. Physical Setup

Overview of a Grant Writing Business Setup

When establishing a grant writing business, even in the online realm, the layout and setup play a pivotal role in your operational efficiency and professionalism.

Signage: Making Your Presence Known

• Main Business Sign : Begin with a prominent sign showcasing your business name and logo. This is your virtual storefront, making a memorable first impression.
• Directional Signs : Install signs in relevant locations like parking lots, exits, and special areas. These guide clients smoothly through your digital landscape, ensuring they easily find what they need.

Office Setup: The Heart of Productivity

• Organization : Managing a grant writing business can be time-consuming. An organized office is the cornerstone of productivity. Ensure everything has a designated place, from documents to office supplies.
• Equipment : Invest in essential equipment like a reliable computer, printer, scanner, and comfortable ergonomic furniture. These are your tools of the trade, and their quality directly impacts your work.
• Software : Equip your computer with necessary software, including word processing, project management, and accounting tools. This ensures seamless business operations.
• Storage Solutions : Implement effective storage solutions for both physical and digital documents. Properly labeled files and digital organization systems streamline your workflow.
• Communication : Set up efficient communication channels, including email, phone, and video conferencing tools for client consultations.
• Internet Connection : A high-speed internet connection is paramount for online research and communication.
• Security Measures : Implement robust cybersecurity measures to safeguard sensitive client data and maintain trust.
• Ergonomics : Invest in ergonomic office furniture and accessories to create a comfortable and productive workspace.

In conclusion, setting up a grant writing business, even online, is crucial for conveying professionalism, enhancing productivity, and maintaining client trust.

Well-designed signage and an organized, fully equipped office are essential elements.

See Here are Considerations for The Setup of Your Office for tips and ideas to make your office work for you. Also, have a look at our article About Company Signs.

18. Creating a Website

The Vital Role of a Website

In the realm of grant writing businesses, having a website is non-negotiable. Here’s why it’s a pivotal asset:

1. Central Point of Contact

Your website is the primary hub for potential clients to learn about your services, expertise, and contact details.

2. Ownership and Control

Unlike social media profiles, your website is entirely owned and controlled by you when you register and host a domain name, ensuring independence and stability.

3. Marketing Powerhouse

Your website is a potent marketing tool. Utilize it to your advantage.

4. Blogging for Trust

Maintaining an active blog on your website allows you to share industry insights, tips, and expertise tailored to your audience. This positions you as an authoritative figure and builds trust among potential clients.

In summary, a well-structured website is more than an online presence—it’s the cornerstone of your grant writing business, a platform for client engagement, and a tool for establishing trust and expertise within your industry.

For more, see How to Build a Website for Your Business .

19. Create an External Support Team

Building Your External Support Team

Creating an external support team of professionals is a strategic move for your grant writing business.

These experts provide advice and services without being on your payroll, expanding your business’s capabilities. Here’s how to build your support team:

1. Identify Key Roles

Determine the essential roles required to complement your grant writing business. Consider an accountant, lawyer, financial advisor, marketing specialist, and technical advisor.

2. Establish Relationships

Start by working with professionals in these fields. Collaborate on project tasks or consult hourly to build trust and rapport.

3. Formalize Agreements

Once you’ve established trust and dependability, formalize your relationships with contracts or retainer agreements. Clearly outline the scope of work and terms.

4. Ongoing Networking

Continuously expand your external support team. Attend industry events, network, and seek recommendations to identify new professionals who align with your business needs.

5. Strategic Engagement

Engage team members strategically for specific projects or tasks where their expertise is required, optimizing cost-effectiveness.

6. Nurturing Relationships

Cultivate professional relationships over time. Regularly communicate, seek advice, and maintain a strong rapport with your support team.

7. Adapt and Grow

As your grant writing business evolves, adjust your support team to meet changing needs. Consider additional roles or specialists when required.

Building an external support team is an ongoing process that enhances your business’s capabilities and resilience. These professionals provide valuable expertise, enabling your grant writing business to thrive.

For more, see Building a Team of Professional Advisors for Your Business.

20. Hiring Employees

The following are job positions or outsourced services you may want to consider as your grant writing business grows:

• Grant Writers : Additional grant writers to handle a higher volume of projects.
• Administrative Assistant : To manage paperwork, emails, and scheduling.
• Marketing Specialist : To enhance your online presence and promote services effectively.
• Accountant/Bookkeeper : To handle financial records, taxes, and payroll.
• Research Analyst : To assist in gathering data and information for grant proposals.
• Customer Service Representative : To handle client inquiries and maintain client relationships.
• Legal Counsel : For contract review, compliance, and legal matters.
• IT Support : Manage technical aspects, including website maintenance and data security.
• Content Writer : To produce blog posts, articles, and marketing materials.
• Social Media Manager : To maintain and expand your social media presence.
• Graphic Designer : For creating visually appealing proposals and marketing materials.
• Public Relations Specialist : To manage your public image and media relations.
• Virtual Assistant : For tasks that can be outsourced, like data entry and research.
• Human Resources Manager : If you have a growing team, HR can handle hiring, onboarding, and employee relations.
• Business Development Manager : To explore new opportunities and partnerships.
• Project Manager : To oversee multiple grant projects and deadlines.

As your grant writing business expands, consider hiring or outsourcing these roles to maintain efficiency, professionalism, and quality of service.

Each position plays a crucial role in the growth and success of your business.

For more, see How and When to Hire a New Employee.

21. Getting Customers Through the Door

When you have reached this step, your business is set up and ready to go, with one more final step, which is important: getting customers through the door.

There are numerous ways to do this, like advertising, having a grand opening , word of mouth, etc.

Let’s dig a little deeper into the following sections.

Marketing Considerations

A grant writing business without customers is essentially just an idea. Success hinges on attracting the right clientele, especially in the early stages when your presence is unknown.

However, building a strong reputation over time and gaining marketing experience will ease this challenge. Marketing is a continuous effort that directly impacts revenue.

While you don’t always need a marketing agency, consider it if the fit is right. Simplify your marketing approach by focusing on raising awareness whenever the opportunity arises.

Simple methods to promote your grant writing business:

• Social Media : Establish a presence on LinkedIn, X, and Facebook platforms. Share valuable content and engage with potential clients.
• Networking : Attend industry events, join local business groups, and network online to build relationships and referrals.
• Content Marketing : Create a blog or resource section on your website. Share informative articles and guides related to grant writing.
• Email Marketing : Build an email list and send your subscribers newsletters with updates, tips, and success stories.
• Online Directories : List your business on relevant online directories and platforms like Yelp and Google My Business.
• Client Testimonials : Showcase satisfied client testimonials on your website and marketing materials.
• Community Involvement : Participate in community events or offer free workshops on grant writing to establish a local presence.
• Partnerships : Collaborate with related businesses, as mentioned earlier, for referrals and mutual promotion.
• Online Ads : Consider pay-per-click advertising on Google or social media platforms to reach a broader audience.
• Optimize Website : Ensure your website is user-friendly, mobile-responsive, and search engine optimized to appear in relevant online searches.
• Webinars and Workshops : Host online webinars or workshops to demonstrate your expertise and attract potential clients.
• Cold Outreach : Reach out to potential clients via email or phone with tailored proposals and offerings.

Remember, the key is consistency and adaptability. Evaluate the effectiveness of each method and adjust your marketing strategy as needed to maximize your reach and impact.

See How To Get Customers Through the Door and our marketing section to provide ideas to help you bring awareness to your business.

Sample Ad Ideas:

1. Sample Ad: “Unlock Funding Opportunities with Expert Grant Writers!”

Tap into grants for your business success. Our seasoned grant writers will guide you through the process. Contact us today!

2. Sample Ad: “Your Grant Writing Partner – Turning Visions into Reality!”

Transform your projects into reality with our grant writing expertise. Let’s secure your funding together. Inquire now!

3. Sample Ad: “Grants Made Easy – Your Path to Financial Support!”

Navigating grants can be challenging. We simplify the process. Get started with us and secure the funding you need.

4. Sample Ad: “Grant Success Guaranteed! Join Our Winning Team!”

Join our portfolio of successful grant recipients. Discover how our experts can elevate your grant proposals to triumph!

5. Sample Ad: “Funding Dreams Starts Here – Your Grant Writing Partner!”

Dream big, fund bigger! Partner with us for grant writing excellence. Let’s make your vision a funded reality.

Creating strategic partnerships with other businesses can be beneficial for growing your grant writing business. Here are some types of businesses you can approach for collaboration:

• Nonprofit Organizations : Nonprofits often require grant writing services to secure funding. Building relationships with local nonprofits can lead to referrals as they encounter grant-related needs.
• Accounting Firms : Accountants and CPAs may have clients needing grant funding for their businesses or nonprofit organizations. A referral fee arrangement can incentivize them to refer clients to your grant writing services.
• Law Firms : Law firms, especially those specializing in business or nonprofit law, often come across clients seeking grants. Establish partnerships with them and offer referrals in return.
• Consulting Firms : Management or strategic consulting firms may have clients seeking grants to support their projects. Collaborate with them and offer to refer clients who require their services.
• Chambers of Commerce : Local business chambers often connect businesses within a community. They can refer startups or small businesses to your grant writing services in exchange for promoting chamber events or services to your clients.
• Marketing Agencies : Marketing agencies seeking to expand their service offerings can partner with you to provide grant writing services to their clients. This can enhance their portfolio and generate referrals.
• Educational Institutions : Colleges and universities can refer faculty, researchers, or students seeking research grants or educational funding opportunities. Consider offering workshops or training programs in return.
• Technology Incubators : Incubators and accelerators nurture startups that may require grants for growth. Collaborate with them and offer referrals to startups that could benefit from their services.
• Social Media Influencers : Partner with influencers in the business or nonprofit sector. They can promote your grant writing services to their followers in exchange for exposure or referral fees.
• Government Agencies : Some government programs require grant applications. Establish connections with relevant agencies, and they may refer individuals or businesses seeking grants.
• Networking Groups : Attend local business networking events and join industry-specific groups. These connections can lead to referrals and partnerships.
• Financial Institutions : Banks or credit unions may have clients seeking grants for business expansion. Explore opportunities to collaborate and cross-refer clients.

When approaching these businesses for partnerships, consider creating a win-win arrangement. Offer referral fees, reciprocal referrals, or promotional opportunities that benefit both parties.

Building strong relationships and providing excellent service will encourage ongoing referrals and mutual success.

Points To Consider

Next, let’s review essential points for more tips, insights, and considerations before starting your grant writing business.

We will cover sections, including skills to consider, points to focus on, and equipment. Then you’ll reach the “Knowledge Is Power,” section, where you will want to use the resources for valuable information.

A List of Equipment and Supplies to Consider for a Grant Writing Business:

A grant writing business requires minimal equipment, mostly standard office supplies and some technology tools. Here’s a detailed list:

• Computer : A reliable desktop or laptop computer for research, writing, and communication.
• High-Speed Internet : A stable internet connection for online research, client interactions, and submitting grant applications.
• Printer : A printer for producing hard copies of documents and grant proposals when necessary.
• Scanner : To digitize documents, especially signatures and other physical materials required for grant applications.
• Telephone : A business phone line or mobile phone for client consultations and communication.
• Headset : A comfortable headset for clear audio during phone or video calls.
• Desk and Chair : Ergonomic office furniture for a comfortable workspace.
• Filing Cabinet : To organize and store essential documents, grant applications, and client records securely.
• Stationery : Basic office supplies such as pens, pencils, notepads, and paper.
• Binders and Folders : For organizing and presenting grant proposals and documents professionally.
• Whiteboard or Corkboard : For project planning, task management, and keeping track of deadlines.
• Shredder : To dispose of confidential or sensitive information securely.
• Backup Storage : External hard drives or cloud storage solutions for data backup.
• Software : Essential software programs include word processing (e.g., Microsoft Word), spreadsheet (e.g., Microsoft Excel), and presentation (e.g., Microsoft PowerPoint) software. Additionally, you may need project management tools, accounting software, and client management software.
• Email Client : A professional email client for efficient communication.
• Projector and Screen : If you plan to host workshops or presentations.
• Security Software : Antivirus and firewall software to protect your computer and data.
• Video Conferencing Tools : Software like Zoom or Microsoft Teams for virtual meetings with clients or team members.
• Digital Camera : For capturing images or documenting events if needed for grant applications.
• Reference Books and Subscriptions : Industry-specific reference materials and subscriptions to grant databases or resources.
• Business Cards : To distribute during networking events and meetings.
• Office Decor : Items like artwork, plants, or decorations to create a pleasant workspace.

Remember that the specific equipment you need may vary depending on the scale and scope of your grant writing business and your personal preferences. This list covers the essentials to ensure a productive and professional workspace.

Key Points To Succeeding in a Grant Writing Business

Operating a successful grant writing business demands strategic focus and attention to various key points:

• Niche Specialization : Concentrate on a specific grant writing niche to establish expertise and attract a targeted client base. This sets you apart in a competitive market.
• Customer Base Building : Gaining clients can be challenging in the startup phase. Invest in marketing, networking, and showcasing your expertise to expand your customer base gradually.
• Relationship Building : Forge strong relationships with customers, suppliers, and employees. Trust and reliability are pillars of long-term success.
• Tailored Offerings : Provide products and services aligned with customer needs. Regularly solicit feedback to refine your offerings and stay relevant.
• Customer Feedback : Act on credible customer feedback to enhance your operations. This valuable input can provide a competitive edge.
• Customer Service Excellence : Prioritize top-notch customer service; your customers are your business’s lifeblood. Satisfied clients become loyal advocates.
• Value-Centric Approach : Continuously focus on delivering value to customers. Ensure that your services meet or exceed their expectations.
• Skilled Team : Hire the right people for each role. A capable team is pivotal to business success, contributing to efficiency and client satisfaction.
• Effective Staff Management : Treat your staff respectfully, foster teamwork, and create a positive work environment. Employee retention is crucial.
• Financial Management : Master cash flow management to maintain financial stability, enabling steady operations and growth.
• Cost Efficiency : Keep costs low without compromising quality or customer service. Efficiency enhances profitability.
• Adaptability : Stay adaptable to industry, process, and technological changes. Adapting promptly is vital for sustainability.
• Revenue Fluctuations : Prepare for revenue fluctuations with a robust financial strategy, including savings and contingency plans.
• Competition Handling : Address new and existing competition through differentiation and continuous improvement.
• Effective Marketing : Implement effective marketing strategies to raise awareness. Marketing, whether in-house or professional, is essential for business growth.

Operating a grant writing business involves a multifaceted approach. You can navigate challenges, build a strong reputation, and succeed in this competitive industry by mastering these key points.

Evaluating your skill set for a grant writing business is vital. Without the necessary skills, success is elusive. If a crucial skill is lacking, consider learning or hiring expertise. Essential skills for a grant writing business owner include:

• Writing Proficiency : Excellent written communication is a must.
• Research Skills : Thoroughly researching grants and requirements.
• Project Management : Organizing and managing multiple grant applications.
• Communication : Effective interaction with clients and organizations.
• Budgeting : Understanding financial aspects of grant proposals.
• Networking : Building relationships in the industry.
• Time Management : Meeting deadlines is critical.
• Adaptability : Navigating changing grant landscapes.
• Technical Skills : Utilizing grant software and tools.
• Analytical Thinking : Assessing project feasibility and impact.
• Ethical Integrity : Upholding ethical standards in grant writing.
• Marketing : Promoting your services effectively.
• Negotiation : Securing the best terms for clients.
• Problem-Solving : Addressing challenges creatively.
• Funding Knowledge : Staying updated on grant sources.
• Attention to Detail : Eliminating errors in proposals.
• Cultural Competency : Understanding diverse grant requirements.
• Strategic Planning : Developing long-term grant strategies.
• Legal Awareness : Knowledge of relevant regulations.
• Self-Motivation : Maintaining drive and enthusiasm.

Assess your proficiency in these areas to ensure a strong foundation for running a successful grant writing business.

Knowledge Is Power if You Use It!

Utilize knowledge as a powerful tool—access valuable industry information through provided links for the startup and operational phases of your business.

Trends and Statistics

Monitoring industry trends and statistics is essential for a grant writing business to adapt, identify opportunities, and make informed decisions.

See the latest search results for trends and statistics related to the grant writing industry.

Grant Writing Associations

Trade associations provide benefits like industry news updates and networking opportunities for professionals.

See the search results related to grant writing associations and the benefits of Joining the Chamber of Commerce.

The Top Grant Writing Businesses

Analyzing an established grant writing business can spark ideas, identify industry gaps for a competitive edge, and reveal overlooked services offered by competitors.

See the latest search results for the top grant writing businesses.

The Future of Grant Writing

Researching the industry’s future is crucial for aspiring grant writing business owners. It helps anticipate trends, challenges, and opportunities, guiding informed decisions.

See the search results for the future of the grant writing industry.

Customer Expectations

Examining search results for customer expectations in grant writing offers valuable insights to meet and exceed their needs. Uncover unaddressed issues and optimize your approach.

See the search results related to customer expectations for grant writing.

Expert Tips

Expert tips benefit both novices and experts in skill enhancement. Experts may discover new approaches, while novices gain valuable knowledge to improve their skills.

See the latest search results for grant writing to gain tips and insights.

Grant Writing Business Insights

Reviewing tips and insights can uncover valuable ideas and pitfalls to avoid, enhancing your grant writing business and industry knowledge.

See the latest search results about insights into running a grant writing business.

Grant Writing Publications

Publications are a vital source for the latest grant writing insights and ideas. Stay updated with valuable information in the field.

See the search results for grant writing publications.

Grant Writing Forums

Engage in grant writing forums to foster connections and gain insights. These platforms facilitate customer perspective understanding for improved business understanding.

See the latest search results related to grant writing forums.

Enroll in online or local courses to effectively enhance grant writing skills and business knowledge.

See the latest courses that could benefit a grant writing business owner . Also, see our management articles for tips and insights for managing your business.

Grant Writing Blogs

Subscribe to leading grant writing blogs for insights and updates. Curate your collection, ensuring value and relevance. Stay informed in the grant writing industry.

Look at the latest search results for top grant writing blogs to follow.

Grant Writing News

Stay updated on grant writing through news outlets. They cover relevant stories, providing valuable insights.

See the latest results for grant writing news.

Watching YouTube videos on grant writing is valuable for improving your knowledge in this area. Explore and learn more here: YouTube videos related to grant writing.

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• Small Business

How to Maximize Your Business Plan to Secure Funding

Updated Aug. 5, 2022 - First published on May 18, 2022

By: Jennifer Post

Writing a business plan for your small business should be one of the first steps you take when a business idea pops into your head. This is how you’ll discover whether your idea can actually be a profitable business. Lenders will want to know the business you plan on starting will make enough money for you to be able to pay back a loan or other forms of investment.

Why is having a business plan important to get funding?

Investors want to invest in a business projected to be profitable within a certain amount of time, has a marketing strategy ready to go, and will exist in a receptive market. All of that information is provided in a business plan. Here are a few reasons why having a business plan is crucial to get funding.

Credibility

Before anyone invests money in your business, lenders will want to know you have a concrete, detailed plan for paying the loan back. Provide information such as:

• Market value of your product or service
• Projected sales in the first year against projected expenses
• Projected profit during your first five years in business

Going through the process of putting all of this together is just another aspect of your credibility as a future business owner, no matter how much money you’re asking for.

If you’re not serious about your business, why should potential investors be? The investing community isn’t as big as you might think, especially once you get to a certain caliber of investor. If you show up to a meeting and don’t have your business plan at the ready, you might not even get to your opening statement before the meeting is over.

You don’t want to earn the reputation of being an ill-prepared entrepreneur. If you take your business idea seriously, show it.

Business need

Just because you’ve thought of a business idea and have outlined every aspect of it doesn’t mean investors and banks will feel the same way. Banks mostly care about whether or not you can pay back a loan, while investors tend to back businesses they connect with.

The need for your business is much more important than it might seem. In order to pay back a loan, your business needs to be profitable. In order for that to happen, you need customers. To get customers, you have to offer something they can’t get anywhere else, whether that’s a product, a service, or an experience.

What should you include in your business plan for funding?

Be detailed and thorough in every idea you present since you’ll most likely have to explain yourself and your business idea. Here’s what should be included in your business plan if you’re seeking funding.

1. Details about your business and company as a whole

It’s important to think about how you plan on setting up your business -- and for more than one reason. Some things to consider:

• Will you be a sole proprietor?
• Do you have a business partner?
• LLC vs. incorporation?

Business structure also matters for paying back a loan. If your business is unable to pay back a loan, the legal structure can be the difference between you having to pay it back somehow (with your home or other assets) or splitting the remaining balance among shareholders or partners.

2. Target market

At the risk of sounding like a broken record, your business can’t make money without customers. Take your business idea and research different locations to find your customers, and ask yourself a few questions:

• Are there a lot of other businesses like yours already out there?
• Are those businesses doing well?
• Is there a gap in what they offer?

You could also pick your target audience first. Let’s say you want young adults between the ages of 25 and 40 to be your main customers. You need to find where those people are and ask the questions noted above. Either way, those questions need to be answered and in a lot of detail.

3. How you plan to make money

This is so much more than just saying, “by selling a lot of product,” or “having a long list of clients.” Anyone can say that. Ask yourself a few questions, just like you did with the market aspect above:

• How much will you charge for your offerings?
• Will people actually pay that amount?
• How much do you need to sell to break even? To make a profit?

Even if your product is worth x amount of dollars in market terms, the harsh reality is it’s only worth what people are actually willing to pay for it. It’s best to underestimate and over-deliver -- as long as your plan still guarantees your ability to pay off a loan.

4. How much funding you’re seeking and its intended use

You need to have a firm grasp on how much funding you need to accomplish your goal, and don’t be shy about it. If you’re seeking a bank loan, it’s a little different because you will qualify for a certain amount based on a number of factors.

Some lenders also have use case limitations, where there are restrictions on what you can use the money for. Consider that, among all of the other qualifications, before deciding if that type of loan is the way you want to go.

If you’re going with an investor, it’s not usually a make-or-break factor to detail what you plan on using the money for, but the more information you provide, the better.

How to write your business plan for funding

Now that you know why a business plan is crucial for funding and what needs to be included in one, let’s get to actually writing it. There are also business plan templates and sample business plans available online that are a good guide to get you started.

Step 1: Write your executive summary

This is generally the first section of your business plan and your first chance to make an impression. As with most introductions, this is where you’ll summarize all the other sections of the business plan, such as your mission statement , general company information, products or services, and financials.

Step 2: Explain your company overview

All that time you spent researching different business formation options will pay off in this section. You’ll explain the structure of your company, exactly what your business does, and the target market you plan on addressing. You’ll want to get into detail about the market you’ve chosen, why you fit into that market, and how you plan on expanding within it.

Step 3: Detail your market analysis

This is the section where you will dive into the nitty-gritty of your intended market. Explain the following aspects:

• What audience lives within that market?
• What do they want?
• How do you plan on providing what they want?
• How much is your product worth?
• What are your plans for growth?
• Are there setbacks you might run into? How will you overcome them?

As anyone who has started a business knows, it’s not all gains. Letting investors know that you recognize there will be obstacles shows that you’ve really thought all of this out.

Step 4: Describe your product/service

In this section, you’ll do more than just explain what you will sell, although that’s part of it. If you’ve invented something or patented something, include that in this section. Don’t only show what you’re offering but explain how it works and how it improves on what’s already out there. If it’s a service, explain how you will produce better results than others.

Additionally, if you have to source materials or equipment from somewhere else, outline whom you will work with and what the process will be to secure those materials.

Step 5: Write out your sales plan

Here are a couple of steps you’ll want to take to outline your sales plan.

• Have some branding ideas on hand: These might include a company name, logo, color scheme, and sample materials, such as business cards or brochures. This will position your product for sale.
• Explain how you’ll market your product: Decide whether you will go with free online marketing, such as social media, or paid marketing, such as online or print ads. While you can choose among options, it will come down to your target audience. Do they spend most of their time online, or do they still read the newspaper every morning? That will determine where you should put your marketing efforts, and since ad return is a business metric you’ll want to track later on, having a solid plan in the initial stages will make that process smoother.

Step 6: Detail and explain your financial projections

This section should come fairly easily once you’ve completed the others. You should have an idea of what it will cost to produce your product or service, how much you can charge for it, your market share, and how you will spend money on marketing.

Do your projections in time increments for the lifecycle of your business , such as the first year, first five years, and looking ahead at 10 years and beyond.

The first couple of years you can be pretty specific about your projections, whereas your long-term projections can be offered up more as goals you would like your company to reach in a certain period of time and how you plan to achieve them.

4 tips for writing effective business plans to secure funding

Now that you have a firm grasp on what needs to be in your business plan, how you obtain that information, and how you actually create a business plan, here are some tips to make sure you’re getting the most out of it.

1. Don’t leave anything out

Leaving bits and pieces of your business up for interpretation or guessing will only hurt your chances of securing funding. If investors are left to fill in the blanks, you have no control over what they fill them with. Make sure you’re as thorough as possible in your research and writing so that nothing is left out.

2. Write with personality

There’s a scene from Parks and Recreation where Tom is presenting a business to a potential investor. His original idea, Tom’s Bistro, is one he’s extremely passionate about. Ben comes in with another idea that has a greater chance of being profitable. Tom starts presenting that and soon finds both he and the investor are bored. As soon as he switches back to Tom’s Bistro, the mood in the room completely changes.

Even though that’s a scene from a television show, it’s a good representation of how adding a little bit of your personality and passion into your business plan can pay off, literally.

3. Don’t speak in general terms

Be as detailed as you possibly can. Use exact numbers, names, dates, etc. Doing this will not only show that you’ve done your homework, but that you’re committed to reaching those numbers by the dates you list.

It can seem daunting to feel like you’re committing to so much, but commitment is what investors are looking for. They need to see that you’re serious about your business, and the amount of detail you include in your business plan will reinforce that.

4. Be upfront about what you’re asking for

Don’t be afraid to ask for the amount you really need, even if it’s high. Being wishy-washy about the number might not present so well. As previously mentioned, bank loans are different in that you only receive an amount you qualify for. If you’re meeting with angel investors , it’s important to go in with a specific number in mind.

While the process doesn’t need to be as dramatic as Shark Tank , expect some back and forth once you present your business plan and offer up how much money you’re asking for.

Final thoughts

A business plan is one of the most important documents you’ll create for your business. It’s where you introduce who you are, what your business is, and how it will be successful. If, as most people do, you’re using your business plan to secure funding, you’ll want to be as detailed and thorough as possible in your research and writing.

You want potential investors to be as serious about your business as you are, so convey to them why you’re serious and how you’re bringing something unique to the table that they would be lucky to be a part of.

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Jennifer Post writes about marketing and software for small businesses for The Ascent and The Motley Fool.

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How to Write a Grant Proposal for a Small Business

Like a business plan, it is a challenge to complete a winning grant proposal, but if you are passionate about your business, then it is a small hurdle to overcome. Each grant is different in its requirements, but most of them ask for the same basic things as follows.

What is a Grant Proposal?

A grant proposal is a formal written request that someone, typically a potential donor willing to give grant money to an organization or cause based on merit, gives you financial assistance. There are many kinds of small business grants: for social service organizations by local and state government agencies and private organizations, for research projects and public health initiatives, and even for business ventures.  

Steps To Write a Grant Proposal for Small Business

Below are the steps to guide you through the process:

1. Research Grant Opportunities:

Start by researching available grant opportunities that align with your small business’s industry, goals, and needs. Look for grants from government agencies, non-profit organizations, and private foundations that support businesses like yours.

2. Read Guidelines and Requirements:

Once you’ve identified potential grants, thoroughly read and understand their guidelines and requirements. Each grant may have specific eligibility criteria, funding amounts, application formats, and deadlines.

3. Define Your Project or Business Need:

Clearly articulate the purpose of your grant proposal. Describe the project or business need that the grant will support and how it aligns with your company’s mission and objectives.

4. Craft a Compelling Executive Summary:

Write an engaging executive summary that succinctly summarizes your grant proposal. This section should highlight the most critical points of your project, emphasizing its significance and potential impact.

5. Outline Project Goals and Objectives:

Outline the specific goals and objectives of your project. Clearly state what you aim to achieve through the grant funding and how it will benefit your small business and the community.

6. Explain the Methodology:

Detail the methods and strategies you plan to use to accomplish your project goals. Provide a step-by-step explanation of how you will execute the project and measure its success.

7. Create a Budget:

Develop a detailed budget for your project, including all the expenses you anticipate. Be thorough and realistic in your estimates. Some grants may have specific budget formats that you must follow.

8. Demonstrate Sustainability:

Show how your small business plans to sustain the project’s impact beyond the grant period. Grant providers often look for initiatives that can continue making a difference even after the funding ends.

9. Include a Strong Organizational Profile:

Highlight your small business’s history, achievements, and expertise in the field. Demonstrate your business’s capability to successfully implement the proposed project.

10. Emphasize the Impact:

Clearly communicate the potential positive impact of your project on your small business, the community, or the industry. Use data and evidence to support your claims.

11. Review and Edit:

Go through your grant proposal multiple times to check for errors, consistency, and clarity. Consider having someone else review it as well to get a fresh perspective.

12. Submit the Proposal on Time:

Submit your grant proposal before the deadline. Late submissions are generally not accepted, so make sure you allow enough time for any unforeseen delays.

13. Follow Up:

After submitting the proposal, follow up with the grant provider if you don’t receive a response within the expected timeframe. Some grants may have a specific review process, and it’s essential to stay informed.

Why Write a Grant Proposal?

Grant funding can be a great way to get the money you need to start or expand your business. They are typically less restrictive than small business loans, and the application process is usually simpler. In addition, if your grant proposal is accepted, you may have access to other resources such as mentorship, networking opportunities, and workshops.

Who Can Apply For a Grant?

Not every cause will be eligible for grant funding. Applicants must meet the eligibility requirements outlined in the grant proposal guidelines, which means that they must fit into a certain category.

For example, an organization offering free job training to people who are physically or mentally disabled would be instantly eligible for grants by many granting agencies if it could prove its work ethic, validity, and financial stability. However, a new business start-up would not be as easily funded, since it is difficult to judge the potential success or failure of a company that has yet to go into operation.

What Are the Requirements?

Every grant proposal has different requirements, but most ask for the same basic information. These typically include:

• The organization’s history and mission
• What the grant money will be used for
• A detailed budget
• The impact the grant will have
• The organization’s financial stability
• A cover letter

It is important that your plan clearly states the specific purposes for which grant funds were requested, along with all the details about how they will be used and how much money will be required. Your proposal should also contain some personal information about yourself or your company, as well as your contact information.

What is the Grant Proposal Process?

• Your first step is to identify the grant you want to apply for and read the guidelines carefully.
• Gather all the necessary information – this will typically include your business plan, financial statements, resumes, and letters of recommendation.
• Complete the grant application and make sure you submit everything on time.
• Wait to hear back – if you are successful, congratulations! If not, don’t be discouraged and reapply the next year.

Types of Small Business Grants Available

There are many different types of grants that small businesses can apply for. The most common are federal grants, state grants, and local grants.

Federal Grants : These grants are awarded by the United States government to eligible organizations and individuals to support specific programs and projects. There are many different types of federal grants, and the application process is typically very competitive.

State Grants : State grants are awarded by state governments to eligible organizations and individuals to support specific programs and projects. The grant application process for state grants is typically less competitive than for grants from the federal government, but the awards are typically smaller in size.

Local Grants : Local grants are awarded by local governments to eligible organizations and individuals to support specific programs and projects. These grants typically have less stringent qualifications than federal or state grants, but the application process is typically more intensive due to the smaller number of available funds.

How Can I Find Grants for My Business?

There are many ways you can find grants for your business. The first step is to conduct an internet search for “grants for small businesses.” This will yield a variety of results, including government websites, private grant-making organizations, and online directories.

The next step is to identify which grants are best suited for your business. The most important factor to consider is the eligibility criteria of the grant. Each grant has its own set of qualifications, so take the time to review these guidelines carefully.

The final step is to complete and submit your grant application form before the deadline has passed. Although it may seem intimidating, completing a grant requires only a few hours of work and can have substantial benefits for your business down the road.

How to Write a Grant Letter for Small Business?

Although there is no set standard for a successful grant proposal, it usually includes a combination of all or most of the same elements. Here are some tips for writing a grant proposal for your nonprofit or small business.

To write an effective grant proposal, you should include the following elements:

Cover Letter

Table of contents, executive summary.

• Needs Statement & Problem Statement

Project Description

• Methods, Project Management Plans & Timelines

A good cover letter introduces the grantor to the business and extols its virtues about why the business is ideal for the grant. Make sure to cater to the specific grant and not speak in generalities as if you are applying to every financing source under the sun (even if you are).

This section helps the grantor flip right through to the specific section he wants to see. Make the grantor’s life easier and display your professionalism and courtesy at the same time. Our non-profit business plan template includes each of the items to include in your Table of Contents.

The executive summary of a document summarizes the rest of it. In this document, you should pinpoint the main reasons the grant is needed and how it will solve the problems of the grantee. The amount of small business funding, as well as information about the venture, should also be listed. Use this part of the document to convince the grantor that funding your business is the greatest idea ever and they’ll continue reading the rest of the proposal.

Needs Statement & Problem Statement

In this section of the document, detail the needs and problems that the project or venture is fulfilling and solving. Conduct research and show that you have done your homework. Answer key questions: What is the scope of the problem? What will your business do that someone hasn’t or can’t easily do in the future? Show that you fill a void in the market and that you need the grant to do so. Be concise and to the point.

The project description section is the main section of the small business grant proposal. This section is written best by separating different issues and ideas into separate sections. This will make it easier for you to write the section by focusing on one idea at a time and make it easier on the reader as well since the section won’t jump all over the place.

Goals & Objectives

The project goals section doesn’t list anything in intense detail but gives the reader an idea of what the potential grantee is trying to achieve.

The objectives section includes measurable aspirations of the venture such as achieving a hold of a certain percentage of the estimated market. Break down objectives in a bulleted list so it’s easier to read.

Methods, Project Management Plans, & Timelines

This section will show the reader how objectives will be achieved. The methods, plans, and timeline of implementation for those methods and plans will also be shown. Visual timelines are best to show the reader exactly where everything fits into the scheme of things as well as when. This section shows the reader you not only have goals and objectives but that you also know how to achieve them using a detailed well thought out plan.

Many government grants will have stringent personnel requirements because they want you to create employment with the money that they are giving you. If the grant needs specific information or provisions regarding personnel, make sure your personnel planning matches those requirements. Also, make sure that your objectives match personnel planning. Aggressive objectives might have to be matched with substantial growth in employment in certain industries.

The process of writing a grant proposal can seem daunting, but with careful preparation and organization, it can be a relatively easy task. By following these simple steps, you can increase your chances of being awarded the grant money you need to help your small business grow.  

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Run » business financing, 61 grants, loans and programs to benefit your small business.

When you know where to look, help for your small business is there for the taking.

Whether you’re starting a new small business or looking to grow the one you already own, finding funding can be a challenge for businesses of all sizes. If you’re looking for a small business loan or grant, CO— is here to help.

Each week, we update this list of loans, small business grants, or other opportunities to connect with programs and organizations that can help you with your business. Come back often to see the latest. And, if your organization has a program or grant you’d like to see listed here, email us at [email protected] .

If you’re not sure of the difference between a loan and a grant, check out our explainer here . You can also learn more about all funding options in our small business financing guide here .

Government grants

Begin your search for a grant from the federal government at Grants.gov . This government site offers the most comprehensive database of funds the government is going to give away. There are thousands of grants to apply for, with opportunities for companies from all backgrounds.

Keep in mind that not all assistance flows directly from the federal government to small businesses. Some funds are distributed to state and local governments and agencies, nonprofit organizations, and institutions of higher learning. These entities, in turn, distribute the funds or use them to provide technical or educational assistance on a local level.

In addition to the programs listed here, be sure to check with your state and local governments and use the resources listed below. When searching through grant and contracting options, note that you may qualify for more than one program.

As illustrated by the following sampling of grants, the assistance available to you from the government will vary, depending on your specific situation.

• The Blueprint Medtech Small Business Translator Grant. This is a government grant for small businesses working on creating medical devices to treat nervous system disorders. It supports activities like making prototype devices, safety testing, and clinical studies to get approval from the FDA. The grant is a cooperative program where the NIH helps plan and monitor the research. It also provides funding and access to experts for things like regulations, patents, and manufacturing. Small businesses with their device ideas or collaborations with manufacturers can apply for this grant to advance their projects. The next deadline to apply is September 27, 2024.
• Employee Retention Credit. The Employee Retention Credit (ERC), sometimes called the Employee Retention Tax Credit, is a stimulus program established by the CARES Act. This refundable tax credit functions as a grant that helps businesses impacted during the COVID-19 pandemic. Eligibility guidelines are available on the IRS website .
• Illinois Infrastructure Grants. In 2020, Governor Pritzker launched an initiative to improve Illinois' infrastructure. $3 billion of this was allocated for capital grants through the Department of Commerce and Economic Opportunity (DCEO) . These capital grants, part of Illinois' $45 billion infrastructure initiative, are designed to support various projects that benefit local communities and businesses. The DCEO maintains a transparent list of these grants, which can be either general or specific project grants. You can find more information about these grants on the GATA website .
• The Minnesota Emerging Entrepreneur Loan Program (ELP). ELP is an initiative aimed at supporting the growth of Minnesota businesses owned by minorities, low-income individuals, women, veterans, and persons with disabilities. The program provides grant funds to nonprofit lenders across the state, which in turn offer loans to startup and expanding businesses. These loans not only foster business development but also aim to create jobs for minority and low-income individuals, strengthen minority-owned enterprises, and boost economic growth in disadvantaged areas. To participate in the program, eligible businesses must apply through certified nonprofit lenders, with DEED assisting in lender identification if needed, and loans are subject to DEED's approval.
• National Institute of Health Grants . The National Institute of Health (NIH) is currently funding grant opportunities related to COVID-19 research. These grants are reserved for small businesses that develop and research biomedical technology. There are multiple grants available with deadlines throughout 2024 and beyond.
• NIDILRR's SBIR program . The SBIR program aims to support organizations to help advance technology and research, as well as support the social/economic benefits for the nation. The SBIR will be backing the National Institute on Disability, Independent Living, and Rehabilitation Research (NIDILRR) through the Administration for Community Living (ACL) to provide 10 grants that support the improvement of the lives of those with disabilities. The total grant funding is estimated to be $1 million, and an outline of the available grants under this program can be found on the ACL website.
• San Francisco Accessibility Grant. Small business owners in San Francisco can apply for a grant to enhance accessibility in their establishments. The grant can cover expenses like accessible equipment, construction to remove ADA barriers, CASp inspections, design services, and relevant permit fees, with a maximum grant amount of $10,000. Eligible businesses must be registered in San Francisco, have less than $2.5 million in gross revenue for a single location, and employ an average of 100 or fewer employees. The application process is fast, and applicants can expect a response within 15 days of submission. Upon approval, they will need to provide proof of payment and photos showcasing accessibility improvements.
• Small Business Innovation Research Program (SBIR) . The SBIR offers grants to small businesses so they can participate in federal research and development with the potential for commercialization. It’s a highly competitive awards-based program that helps businesses achieve scientific excellence and technological innovation. To qualify for SBIR grants, you must operate a for-profit company and satisfy other requirements.
• Small Business Technology Transfer Program (STTR) . Similar to SBIR, the STTR program focuses on funding research in the R&D arena. However, what separates the STTR is the requirement that the small business has a formal collaboration with a research institution. To qualify for STTR grants, you must operate a for-profit company and satisfy other requirements.
• Texas Enterprise Fund (TEF). The Texas Enterprise Fund (TEF) offers "deal-closing" grants to companies competing with out-of-state sites for new projects in Texas. These grants are based on performance, encouraging significant capital investment and job creation. Eligible companies must meet criteria related to job creation, capital investment, financial stability, and local support. Once approved, grantees sign contracts committing to job and wage targets, with clawback provisions in case of non-compliance. The application process includes a thorough screening, and unanimous support from top state officials is required for approval.
• U.S. Department of Agriculture Rural Development Business Programs. The USDA’s Rural Development Business Programs provide financial support and technical assistance to promote rural business growth. They offer loans, grants, and guarantees with the goal of enhancing economic opportunities and job creation in rural communities; deadlines and eligibility requirements vary by program.
• U.S. Department of Commerce Minority Business Development Agency (MBDA) . Targeted grants and loans designed to aid minority-owned businesses are offered throughout the year. Minority-owned businesses can find information about local MBDA Business Centers at MBDA.gov .
• U.S. Department of Education (DOE) Grants. The U.S. DOE has various grants available to small businesses in the education sector. Each grant has unique eligibility criteria, with some opportunities set aside for public schools, state agencies, or nonprofit organizations; however, others allow applications from for-profit private sector companies. Deadlines for currently available DOE grants run through September 12, 2024.
• U.S. Small Business Administration State Trade Expansion Program (STEP) . Intended to assist small businesses desiring to export product, this program distributes federal funds through state entities . Small businesses that meet the criteria set by each state can use the financial assistance to participate in foreign trade missions and shows, obtain entry to foreign markets, develop websites, and design international marketing products or campaigns.
• U.S. Economic Development Administration (EDA) . The EDA is part of the U.S. Department of Commerce and offers ongoing funding opportunities for projects that support regional and national economic development. Applicants can apply for a variety of rolling-basis EDA investments that fund projects in construction, non-construction, planning, technical assistance, research and evaluation, higher education, and more.

As you would expect, acceptance of free money from the government comes with a fair amount of paperwork. Applying for a grant can be time-consuming and technical. You want to make sure, therefore, that you are eligible before applying. In addition to the legal and administrative prerequisites, there are ongoing reporting and auditing requirements.

Government contract assistance

The federal government spends billions of dollars on goods and services each year. A lot of that money is spent through a competitive bidding process. Programs have been put in place to assist some small businesses with the process, allowing them a better chance to compete for those federal dollars.

• Service-Disabled Veteran-Owned Small Business Program . The federal government seeks to award at least 3% of all federal contracting dollars to veteran-owned businesses annually, so this program helps with meeting that target. This federal contracting program offers assistance to small business owners who are service-disabled veterans . Eligible small businesses must be over 50% owned/controlled by one or more service-disabled veterans, have day-to-day operations and long-term goals managed by at least one service-disabled veteran and have a service-connected disability.
• Women-Owned Small Business (WOSB) Federal Contracting Program . The federal government seeks to award at least 5% of federal contracting dollars to women-owned small businesses annually. Through this SBA program , the Office of Women’s Business Ownership provides support to women entrepreneurs by offering business training, counseling, federal contracts and access to credit and capital. Their goal is to offer equal opportunities for all women in business.
• 8(a) Business Development Program . The purpose of this program is to assist small businesses owned by socially and economically disadvantaged entities. This is achieved by limiting competition for certain government contracts to businesses participating in the 8(a) business development program. To participate a business must be certified as an 8(a) entity.
• HUBZone Program . This program aids businesses in underutilized business zones by making them more competitive in regard to some government contracts. Businesses that join the HUBZone program can compete for set-aside contracts as well as receive preference on others, including a 10% price evaluation preference in open contract competitions.

Natural Resource Sales Assistance Program

In addition to the billions of dollars spent purchasing goods and services, the federal government also sells large amounts of natural resources and surplus property. The SBA Natural Resource Sales Assistance Program sets aside a percentage of these goods for bidding by small businesses only. In addition, federal agencies sometimes divide surplus materials into smaller parcels, making it easier for small businesses to purchase. The five categories are:

• Timber and related forest products.
• Strategic materials.
• Royalty oil.
• Leases involving rights to minerals, coil, oil and gas.
• Surplus real and personal property.

The program also provides training for small businesses on government sales and leasing.

General small business grants

There are many nonprofit and corporate entities offering grants and other assistance to small businesses. Here are a few such programs that are open to qualifying small businesses in any industry:

• 500 Global Flagship Accelerator Program . Startups and small businesses seeking funding can do so on a rolling, year-round basis with the 500 Global Flagship Accelerator program . Since 2010, this program has offered businesses the opportunity for a four-month accelerator program based in San Francisco in addition to a $150,000 investment. Rules for applying can be found on the company's website.
• America’s Top Small Businesses 2024. The 2024 CO— 100 America’s Top Small Businesses recognition program celebrates the achievements of 100 small and medium-sized U.S. enterprises, spotlighting their innovation and role in driving economic growth and community development. A total of ten businesses will be awarded $2,000 each, with one ultimate winner receiving $25,000 as America’s Top Small Business of the Year. Recipients will also receive significant media coverage, access to industry experts, and exclusive networking opportunities to help promote their business and expansion potential. To qualify, businesses must be U.S.-based, in operation for over a year, and meet specific criteria on employee numbers and revenue. Applications can be submitted online until July 8, 2024, and mail-in applications must be postmarked by July 1, 2024.
• Awesome Foundation Grants. Each month, the Awesome Foundation awards grants of $1,000 to individuals and groups looking to fund various projects. The Awesome Foundation is made of 84 independently-run chapters, with members contributing to a micro-funding pool that goes towards grant projects. Though funding is not limited to businesses, startups, and small businesses have been among the recipients of the monthly grants. Applications are accepted on a rolling basis.
• Bizee Entrepreneur Grant . Bizee (formerly Incfile) offers two grants to support aspiring entrepreneurs and students. The "Young Entrepreneur Scholarship Grant" provides $2,500 to a high school senior, undergraduate, graduate, or trade school student in the U.S. with a GPA of 3.0 or higher and an interest in starting a business. The "Fresh Start Business Grant" offers $2,500 and Bizee's Gold plan for free to adult entrepreneurs (21 years or older) in the U.S. planning to start a new business or significantly grow an existing one. Though dates for the next round of funding are "coming soon," entrepreneurs can review eligibility and application criteria in the interim.
• Fast Break for Small Business. The Fast Break for Small Business grant program, in collaboration with the NBA, WNBA, and NBA G League, offers small business owners and entrepreneurs the chance to win a $10,000 grant and/or up to $500 in LegalZoom products and services. Awarding a monumental $3 million in total grants and services, the initiative, currently in its third run, has already aided over 3,150 small businesses. The application window closes on September 13, 2024, at 8:00 p.m. ET.
• The Freed Fellowship Grant. This grant offers a monthly $500 to qualifying business owners in the US. Applicants are evaluated based on a “5C Framework”, which assesses various aspects of applicants’ business. Along with the grant, applicants receive feedback on their business and a two-month free membership in the Freed Studio, a community of ambitious business owners. Grant recipients are also eligible for an end-of-year grant of $2,500.
• GoFundMe Small Business Relief Fund . GoFundMe’s Small Business Relief Fund will match $500 grants to qualifying small businesses that have been negatively impacted by COVID-19 and raise at least $500 through a GoFundMe campaign. The fund is backed by GoFundMe and corporations like Intuit QuickBooks, Yelp, GoDaddy, and Bill.com. Small business owners with existing campaigns can add the hashtag #SmallBusinessRelief to their campaign and fill out this form to confirm their business.
• Intuit QuickBooks Grant Program. The QuickBooks Grant Program is offering $200,000 in funding for small businesses, awarding 20 U.S.-based small business owners $10,000 each, along with business mentorship resources to help drive their success. The program is one of several for Intuit’s Small Business Success Month , which recognizes and celebrates small businesses and provides tools, resources, and funding to fuel their growth. To be eligible, entrants must have been actively operating for a minimum of one year at the time they apply and must have less than 100 employees. Applications are accepted through June 30, 2024, at 11:59 pm PT.
• Skip Monthly Grants. Small business aggregator Skip offers monthly grants for U.S.-based small business owners and entrepreneurs; grants are typically set at $1,000, though the exact amount varies by Skip’s monthly YouTube revenue. To be considered, you must have a Skip account and add the monthly grant to your Funding Assistant, as well as be subscribed to Skip’s YouTube channel. Applications for the June Skip Grant will be announced soon.
• Skip Instant Grants. Skip offers Instant Grants on a rolling basis, providing funding opportunities with shorter turnaround windows. These grants are announced a couple of days in advance and generally occur twice a month. Applicants are required to participate in Skip’s YouTube livestream during the selection process. Learn more about these ongoing funding opportunities by following Skip on social media.
• Small Business Digital Readiness Program. In partnership with Verizon, National ACE has developed a digital readiness program to help small business owners succeed in a digital world. The free online curriculum includes expert coaching, peer networking, and other resources to support your small business. Those who register for the program and take two courses are eligible for a $10,000 grant. This opportunity is rolling and you can learn more at the program’s webpage .
• Small Business Readiness for Resiliency Program. Small businesses often feel the effects of a natural disaster the hardest. It can be difficult when starting a business to suddenly have to raise money to repair a roof or attend to flood damage. To help offset some of these concerns and costs, the U.S. Chamber of Commerce Foundation and FedEx have teamed up to create the Small Business Readiness for Resiliency (R4R) Program. The program helps small businesses put plans in place to prepare for disaster and also provides immediate emergency funding when necessary. Businesses are asked to complete a four-step process to be eligible for funding opportunities.
• Walmart Spark Good Local Grants. Organizations can apply for the Walmart Spark Good Local Grants program provided by Walmart and Sam’s Club, which offers grants ranging from $250 to $5,000 to address the unique needs of local communities. Tax ID status determines eligibility, with 501(c)(3) charities, public entities, and educational institutions qualifying. Grant applications are accepted quarterly, with Q1 submissions being accepted through July 15; all organizations must be Deed verified and have a Spark Good account to apply.

Industry-specific and diversity small business grants and programs

Some small business grant programs are confined to a specific entrepreneur demographic or business profile and they often have an application process that is easier to navigate. This is a sample list, so be sure to check with nonprofits and large corporations in your geographic area or industry.

• 2024 Black Girl Ventures Pitch Program. The 2024 Black Girl Ventures Pitch Program is designed to support Black and Brown entrepreneurs from Los Angeles, Chicago, and NYC by offering coaching, a live crowdfunded pitch competition, and networking opportunities. To qualify, applicants must be revenue-generating, in good standing, and located in the city for which they are applying. The deadlines for applications are as follows: June 14 for Chicago applicants, October 9 for NYC applicants, and November 6 for Los Angeles applicants. Winners will receive cash prizes ranging from $5,000 to $15,000, as well as access to the BGV Connect Incubator and a new network of business owners and investors.
• Accion Opportunity Fund. The Accion Opportunity Fund grants small business loans ranging from $5,000-$250,000, along with educational resources, coaching, and support networks in both English and Spanish. This program offers mentorship programs, microloans, and a hubzone program for small business owners’ financial needs. Accion Opportunity Fund works with a clientele that is 90% diverse, has created and retained over 50,000 jobs, and has generated $1 billion in economic activity. Those interested in applying for a loan can do so here .
• Amazon’s Black Business Accelerator Program. If you're a seller in Amazon's store, you may be eligible for the Black Business Accelerator Program. Created to support Black entrepreneurs, the program offers financial support, mentorship, business advice, and promotional support. Eligible sellers will have access to free imaging services, cash grant opportunities, advertising credits, and money toward start-up costs. You can learn more about this opportunity at their website .
• Amazon Business Small Business Grant Program. Amazon Business’s third annual Small Business Grant Program is set to award over $250,000 this year to eligible U.S.-based small businesses. There will be one grand prize winner who will receive $25,000, along with four $20,000 finalists and 10 $15,000 semi-finalists. Grant recipients will also walk away with one year of free Business Prime membership, Amazon devices, and Amazon Basics products. Current Amazon Business customers with an annual revenue of $1 million or less are eligible to apply; applications are due on May 24, 2024, with winners announced on July 22, 2024.
• Amber Grant Foundation . With a simple goal of supporting women entrepreneurs, the Amber Grant Foundation was founded by WomensNet in 1998. The foundation awards a series of grants throughout the year, including the $10,000 Monthly Amber Grant, two $25,000 Annual Amber Grants, and $10,000 each quarter for The Startup Grant and The Non-Profit Grant, respectively. There are also 12 Business Category Grants — an additional $10,000 each month — with all eligible applications remaining active until the month of their specific category.
• America’s Seed Fund. America’s Seed Fund, sponsored by the National Science Foundation (NSF), offers up to $2 million for U.S.-based startups and small businesses that are developing innovative technology. Project pitches are accepted on a rolling basis, and official responses from NSF typically take one month.
• AI Infrastructure Challenge. The AI Infrastructure Challenge , hosted by the National Security Innovation Network in collaboration with the U.S. Navy, is offering a total of $250,000 in prizes to U.S.-owned and operated companies that develop AI solutions that optimize building design. The challenge invites applicants to participate in a virtual pitch event on July 2, 2024, where companies will showcase their innovations in front of an expert panel for a chance to win. Eligibility is limited to early or mid-stage ventures with little to no existing DoD contracts or firms categorized as non-traditional defense contractors. All applicants must have a CAGE code to participate. The deadline to apply for the pitch event is June 19, 2024.
• Beyond Open Small Business Grants. This competitive grant program supports diverse-owned small businesses in the Charlotte, North Carolina area, offering funds for capital assets such as equipment, technology, inventory, and real estate, with a total of $15 million being awarded across three rounds. In 2023, Foundation For The Carolinas selected 116 small businesses in Charlotte's Corridors of Opportunity, which “supports six underinvested areas in Charlotte,” to receive a total of $4.8 million in grants from the Beyond Open program's second round, aiming to enhance economic mobility. Those interested in the 2024 Beyond Open funding can subscribe for updates for the opening of the third round.
• Binc Foundation Emergency Financial Assistance. The Binc Foundation provides emergency financial assistance to bookstore owners, booksellers, and comic store employees and owners facing unforeseen financial needs. Eligibility criteria include specific employment durations and financial hardship resulting from qualifying life events. Binc's assistance process involves a confidential application and documentation verification, aiming to help individuals regain financial stability.
• Carhartt For the Love of Labor Grant. Carhartt, a popular workwear distributor, created the Love of Labor grant program to help connect workers with trade programs in their local communities during an unprecedented labor shortage. Awards will be distributed on a rolling basis to “like-minded organizations” that are dedicated to the education, training, and placement of workers into trade jobs. Organizations with interest in the program can apply by reaching out to Carhartt directly. Nominations are accepted as well.
• Cartier Women's Initiative. The Cartier Women's Initiative Awards , initiated by Cartier in 2006, empower women impact entrepreneurs worldwide in various sectors, focusing on social and environmental sustainability. The program offers three award categories: regional, diversity, equity and inclusion, and science and technology pioneer. Winners receive financial support, coaching, and peer learning opportunities, with the diversity, equity and inclusion category open to all genders. Applications aren’t open yet, but aspiring entrepreneurs can prepare for the 2024 awards, which will feature 13 categories supporting 39 impact entrepreneurs globally.
• Casper Accelerate Grant Program. The Casper Association aims to support the adoption of blockchain technology via Casper, a scalable blockchain network. To support innovation within the blockchain industry, Casper has opened the Casper Accelerate Grant Program. Those who want to build apps to support infrastructure, end-user applications, and research innovation are invited to apply. This $25 million grant program has a rolling application deadline, so you can apply anytime here .
• The Emerging Technology Fund (ETF). ETF is a financial resource aimed at assisting growing companies in Massachusetts . It provides loans of up to $4,000,000 to technology companies for purposes such as acquisition, expansion, working capital, or equipment purchases. To qualify, companies must demonstrate strong management, technical advancements, market demand, and solid financial records, making it a valuable tool for businesses looking to take the next step in their development and contribute to the region's economic growth.
• Etsy Emergency Relief Fund. If you’re an Etsy business owner, you may be qualified to apply for relief funding courtesy of a partnership with CERF+, a nonprofit organization dedicated to helping artists prepare for and recover from emergencies and disasters. The partnership was established in 2017, and both companies continue to provide up to $2,500 in funding through the grant program. To apply, you must have been a registered Etsy business for at least one year and have been affected by a natural disaster. This grant opportunity is rolling.
• Foundation for a Just Society Grants . Foundation for a Just Society offers grants to local, national, regional, and global organizations and networks that support the rights of women, girls, and LGBTQI individuals. Grants are issued four times each year (March, June, September, and November), with invitations for proposals extended two months prior.
• Galaxy Grants. Galaxy Grants is on a mission to support women and minority entrepreneurs with their small businesses by offering valuable resources, tools, funding, and knowledge. They are running a $3,750 Galaxy Grant Giveaway , sponsored by Hidden Star, a 501(c)(3) organization, with a quick 30-second entry process. The deadline to enter is June 30, 2024, and winners will be announced the following week. Plus, there's an opportunity to win for both you and a friend, as each of you could receive a $3,750 grant if your friend wins, subject to the Terms and Conditions.
• Giving Joy. Giving Joy is a charitable organization that empowers women across the world to dream big and create positive change in their communities through grants. These grants, ranging from $250 to $500, are available to those with businesses in any sector and can be used to start or expand businesses, nonprofits, non-governmental organizations, or community projects that focus on benefiting women, girls, and families. Any woman over 18 is encouraged to apply. Applications are accepted until September 30, 2024.
• HerRise MicroGrant. The HerRise MicroGrant offers financial aid to U.S.-registered businesses that are majority-owned by women of color, with a focus on businesses with innovative community solutions that are still struggling to obtain funding. Applications are reviewed monthly, with winners announced during the subsequent month's HerSuiteSpot First Friday Mixer. Nonprofits, franchises, direct sellers, authorized resellers, and independent consultants are ineligible to apply.
• Hivers and Strivers Investment Program. As an angel investment group, Hivers and Strivers works to provide capital to qualifying businesses. Specifically, the investment group funds projects submitted by veteran-owned and veteran-led businesses. Funding opportunities can range from $250,000 to $1 million. Those who qualify can apply for funding for a business idea on a rolling basis, but businesses reliant on government contracts are not eligible to apply.
• IFundWomen Universal Grant Application. This is a resource for female entrepreneurs seeking grants . Through partnerships with brands like Visa, Caress, and Comcast, IFundWomen has deployed over $170 million in grants to entrepreneurs. Applicants gain priority access to funding opportunities and resources within the IFundWomen community.
• Jennifer Easton Community Spirit Awards. The annual Jennifer Easton Community Spirit Awards provides $50,000 to four to six Native artists, recognizing their lifelong efforts to nurture and pass on their cultural traditions through arts such as storytelling, clothing design, and music. The annual award aims to empower artists as leaders within their communities, supporting cultural preservation and community wellness. Eligibility is exclusive to Native artists who are either enrolled members or can demonstrate lineal descent from a recognized tribe, and who have been active in their art for at least a decade. Nominations — accepted until July 8 — must be submitted by someone other than the artist.
• #MomsMeanBusiness. ZenBusiness, a company that helps others launch and run their own businesses, has created the #MomsMeanBusiness campaign to recognize the resilience of moms and celebrate their accomplishments. To help mothers take the first step toward entrepreneurship, ZenBusiness is covering business formation costs and will help entrepreneurs form an LCC, track expenses, secure a business name, and more. All mothers are eligible and costs will be covered for “every mom in America.” The program is rolling and you can sign up here .
• National Association for the Self-Employed (NASE) Growth Grants . According to its website, the NASE has distributed over $1,000,000 in grants to its members. Its growth grants provide up to $4,000 to assist with training, marketing, and more. You must be a member for 90 days before you are eligible to apply.
• NGLCC Community Impact Grant. The National LGBT Chamber of Commerce’s (NGLCC) Community Impact Grant Program , supported by the Grubhub Community Fund, offers financial aid to LGBTQ+-owned and allied restaurants, cafes, and bars serving food, with grants ranging from $5,000 to $25,000. Eligible applicants must be LGBTQ+-owned or LGBTQ+ ally-owned establishments that have not received two or more NGLCC Community Impact Grants in previous years. Application due dates vary by location, with the Central region deadline set for June 16, 2024, and June 25, 2024, for the West region.
• Patagonia Corporate Grant Program . Patagonia’s corporate grant program offers between $10,000 and $20,000 of funding to nonprofits with missions to protect and preserve the environment. If you meet the grant requirements, you can apply today.
• Queer To Stay. The Queer to Stay: LGBTQ+ Business Preservation Initiative supports LGBTQ+ small businesses that serve as crucial community spaces, particularly for LGBTQ+ people of color, women, and transgender individuals. The initiative is a collaboration between the Human Rights Campaign (HRC) and SHOWTIME®, providing financial support to at least 25 businesses demonstrating financial need and community impact. Eligible businesses must be U.S.-based, for-profit entities that primarily serve the LGBTQ+ community and have been financially impacted by COVID-19. Applications for this year's initiative are open until 11:59:59 p.m. on August 31, 2024.
• RTC Women in Tech Fund. Rewriting The Code (RTC) works to support college and early-career women in tech by providing them with opportunities to help disrupt gender and racial inequality in the industry. The RTC Women in Tech Fund provides financial resources to women enrolled in undergraduate tech programs to help cover costs that may be an obstacle to education. There are three different grants available depending on each applicant’s specific financial needs. All applications are accepted on a rolling basis.
• StartOut Scholarship Program . StartOut offers scholarship opportunities to LGBTQ+ entrepreneurs who wish to participate in their Founder Program and become a Giving Member. The initiative provides a 12-month membership for those LGBTQ+ entrepreneurs who have been underrepresented, underserved, and underestimated within their community.
• The United States-Brazil Climate/Inclusive Education Grant Competition. The 100,000 Strong in the Americas Innovation Fund promotes educational partnerships between the United States and Brazil, focusing on study-abroad initiatives that support student accessibility, mobility, and engagement. The U.S.-Brazil Climate/Inclusive Education Grant Competition invites U.S. minority-serving institutions to collaborate with Brazilian educational bodies to develop initiatives centered on climate action and inclusive education. Proposals must outline clear implementation strategies and address student exchange challenges. Seven grants of up to $40,000 will be awarded; applications are due July 31, 2024.
• The Wish Local Empowerment Program. This program brought to you by the e-commerce brand, Wish, assists Black-owned small businesses by dedicating a $2 million fund to support approximately 4,000 Wish Local partners. Recipients can receive financial assistance ranging from $500 to $2000, with flexibility in fund allocation. Eligible businesses must meet criteria such as having a Black-owned business with 20 or fewer employees and an average annual revenue under $1 million. Successful applicants will also join Wish Local, gaining access to its consumer base through various partnership opportunities.

Additional resources

The programs listed above are a good start when it comes to grants and funding. You may find additional resources available by following the links below.

• Agricultural Justice Project (AJP) , a program offering free resources and guidance for owners of farms and food businesses.
• Challenge.Gov , part of the General Services Administration's Technology Transformation Services, aids federal agencies in utilizing prize competitions and crowdsourcing to advance their goals. Hosting over 1,300 challenges since 2010, Challenge.Gov facilitated 105 in 2021 alone, totaling a prize pool of over $60 million alongside non-monetary rewards.
• Community Development Financial Institutions (CDFI) Fund , a government agency that offers financial support to certified lenders serving low-income communities. The CDFI is broken up into several different program areas, including Native Initiatives that provide training and assistance to Native communities, and the Capital Housing Fund that delivers affordable housing for low-income communities.
• Fearless Fund , a venture capital firm that actively invests in businesses led by women of color across the United States. Concentrating on early-stage investments in various industries, the fund looks for companies at the Pre-seed, Seed, or Series A financing stages, offering up to $3 million in exchange for a minimum equity stake of 10%.
• Funding options for Black-owned businesses , including venture capital firms and programs offering financing to Black entrepreneurs.
• Funding options for LGBTQ+-owned businesses , including resource networks and organizations that offer grants to LGBTQ+ entrepreneurs and those from other underrepresented backgrounds.
• Funding options for Hispanic-owned businesses , including funding sources and organizations aimed at supporting Latinx and Hispanic entrepreneurs.
• Funding options for minority-owned businesses , including multiple grants, funding sources, and low-cost loans that are intended to help minority-owned businesses grow.
• Funding options for women-owned businesses , including ten programs, agencies and organizations that are helping women entrepreneurs be better represented in the ranks of American business owners.
• GrantsForWomen.org , an online directory that provides a comprehensive database of grants for women globally, along with valuable advice on securing grants and information on relevant events and workshops for female business owners. The grants featured in the directory are sourced from reputable organizations, foundations, and venture capital funds, covering both nonprofit organizations and for-profit businesses.
• Resources and funding opportunities for AAPI-owned businesses , including accelerator programs, grants for AAPI entrepreneurs, and networking groups.
• SBA Small Business Development Centers , which can help companies of all kinds locate additional funding opportunities at the national and local level.
• SCORE , which can assign a volunteer business mentor who can provide guidance on numerous topics, including funding and operations.
• Tory Burch Foundation Funding Finder , a tool for founders that provides personalized funding recommendations and resources based on their responses to a few questions about their business financials and aspirations.
• Warrior Rising , a national organization designed to turn Veterans (and their immediate families) into “vetrepreneurs” through business opportunities in the form of mentorship, funding, education, and training. Since its inception in 2015, the program has supported over 26,000 Veterans — more than 5,400 so far in 2024 alone — and helped 21 Veteran-run businesses achieve a $1 million valuation.

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• Business Loans

Small Business Grants: How To Get Free Money

Updated: Dec 1, 2021, 2:40pm

Small business grants provide free money to small businesses, startups and organizations alike. Businesses can use these funds to grow their business, recover from the pandemic or do work that benefits the public, among other purposes. However, finding available grants and applying can be time-consuming. We simplify the process here.

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What Is a Small Business Grant?

A small business grant is a sum of money awarded to a small business owner or organization. Several entities, including the federal government, state and local governments and private corporations provide funds for small businesses in specific industries that meet certain eligibility requirements.

Unlike a business credit card or loan, small business grants don’t require repayment. Although grants are considered free money, an organization or individual typically has to spend a lot of time and effort researching available grants and writing grant proposals.

In addition, some small business grants come with specific guidelines on how you can use the funds. Failing to adhere to the rules may result in repaying some or all of the money you receive.

Small Business Grant vs. Business Loan

Although a small business grant and loan are both ways to get funds for your business, they operate differently. A small business loan , unlike a small business grant, has to be repaid, plus interest and any fees a lender charges.

The business loan application process also differs. When you apply for a small business loan , a lender normally reviews your personal and business credit scores to determine whether you qualify . A grantor, on the other hand, doesn’t check your credit since it doesn’t expect repayment.

In addition, when you apply for a business loan, you’ll likely receive funds faster than applying for a grant, provided you qualify. For example, some lenders can approve qualified applicants on the same business day and disburse funds within a few days. However, if you apply for a federal grant, it can take up to six months for a grantor to make a decision.

Find the Best Small Business Loans of 2024

Types of small business grants.

Several types of small business grants exist, including Covid-19, federal, state and regional and specialty grants.

Covid-19 Small Business Grants

Covid-19 grants are available to businesses that have suffered financial loss as a result of the pandemic.

• Fiserv + Clover Back2Business Grant Program : This program provides grants to Black and minority-owned small businesses in certain cities that have been affected by Covid-19. To qualify, you must be 18 years or older, own a business that was formed before Jan. 1. 2020 with annual revenue of less than $1 million. Applications are currently closed but additional grants are anticipated in the new year.
• Ohio’s Entertainment Venue Grant : Ohio’s Department of Development administers grants up to $30,000 to museums, movie theaters, sports arenas and other entertainment venues impacted by Covid-19.
• Restaurant Revitalization Fund : The U.S. Small Business Administration (SBA) provides grants to bars, restaurants and other eligible businesses impacted by Covid-19. Applications are now closed.

Federal Small Business Grants

The federal government awards billions of dollars in funds each year to small businesses that engage in work that benefit the public, such as infrastructure and scientific research projects. You can find federal small business grants by visiting Grants.gov .

• SBIR and STTR Programs : These programs offer federal funds to small businesses that engage in scientific and technological research and development that has the potential to be commercialized. To qualify, a business must operate for a profit and have no more than 500 employees.
• U.S. Department of Energy (DOE) Grants : The DOE announced on Oct. 18, 2021 it set aside $105 million for small businesses that invest in clean energy research and development. Funding will be administered by DOE’s Small Business Technology Transfer (SBTT) and Small Business Innovation Research programs (SBIR). You can find more details on the DOE’s funding opportunities page .
• National Institute of Health (NIH) Grants : The NIH offers numerous grants to small businesses that engage in biomedical and behavioral research. There are thousands of grants available on its grants and funding page.

When searching for federal small business grants, keep in mind that the federal government doesn’t offer free money to individuals to start a business. If a website promises to give you free money from the government, it’s likely a scam.

State and Regional Small Business Grants

State governments also offer funds to small business owners. You can search for these grants online or by contacting your state’s economic development office .

• Economic Development Administration (EDA) : The EDA—which is a part of the U.S. Department of Commerce—funds regional and national economic development projects.
• Small Business Development Centers (SBDC) : If you need help finding a small business grant in your state or region, contact your local SBDC .

Corporate Small Business Grants

Corporations, like Visa, offer small business grants to nonprofit organizations, startups and other organizations.

• Visa Everywhere Initiative : This is a global competition designed for startups that focus on solving commerce and payment issues. Winners receive free money, as well as global exposure for their business. You can sign up to be notified when 2022 applications become available.
• Walmart Local Community Grants : Walmart gives grants that range from $250 to $5,000 to nonprofit organizations that benefit the community. The application deadline is December 31, 2021.
• Nike Community Impact Fund : Nike, in partnership with the Charities Aid Foundation of America, awards funds to nonprofits in select metro areas that have a positive impact on communities through sports and other community-focused initiatives.

Specialty Small Business Grants

Some organizations set aside funds for certain groups of business owners who face unique challenges, including minorities, veterans and women.

• Black Founder Startup Grant : SoGal Foundation, along with its partners, offer several cash grants that range from $5,000 to $10,000 to Black women and nonbinary entrepreneurs. To qualify, you must have a legally registered business, identify as a Black woman or Black nonbinary person and plan to seek investor funding to scale.
• The Veteran Small Business Award : The Street Shares Foundation hosts a pitch contest each year for veteran-owned businesses that have a social impact on the military community. If you qualify, you must create a pitch video and submit an online application. Applications are closed for 2021.
• The Amber Grant Foundation : The Amber Grant foundation awards $14,000 each month and $25,000 in December to women-owned businesses . While applying for this small business grant is easy—you only have to fill out a short form—the application fee is $15.

How to Qualify for a Small Business Grant

Eligibility requirements vary based on the type of grant you’re applying for. A grantor may require that your business operates in a specific industry, fits its definition of a small business and meets a minimum annual revenue threshold.

Before you apply for a small business grant, review the requirements carefully to ensure you have the best chances of qualifying.

How to Apply for a Small Business Grant

The grant application process varies from grant to grant. For instance, if you apply for a small business grant with the Amber Grant foundation, you can complete your application within a few minutes by submitting a short form. However, when you apply for a federal grant, you’ll be required to submit a formal grant proposal and it could take weeks to finish your application.

Here are some documents and information you may need when applying:

• Personal story
• Business plan
• Business pitch
• Annual revenue
• Bank statements
• Years in business
• Purpose of funds
• Number of employees
• Website name

If you need help completing your grant application, contact your local SBDC.

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Jerry Brown is a personal finance writer based in Baton Rouge, La. He's been writing about personal finance for three years. Financial products he enjoys covering include credit cards, personal loans, and mortgages.

Jordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's degree in business finance, his experience as a top performer in the mortgage industry and his entrepreneurial success to simplify complex financial topics. Jordan aims to make mortgages and loans understandable.

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What Is a Business Grant?

How business grants work, business grant types, advantages and disadvantages of business grants, requirements for business grants, how to apply, what is the difference between a grant and a business loan, what is the benefit of receiving a grant to fund your business, what is the most popular business grant, the bottom line.

• Small Business

Business Grant: Definition, Types, and Where to Find Them

Financing opportunities for businesses

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

A business grant is a sum of money given to a business by a donor. In the United States, the largest donors are the federal government, state governments, foundations, charities, and corporations. Business grants are usually given to businesses to achieve specific goals or to businesses that are owned or run by members of an underrepresented community.

Business grants are different from business loans in one key way: You don’t have to pay them back.

Key Takeaways

• Business grants offer many advantages over other types of business financing . Unlike a business loan, for example, a grant does not have to be paid back.
• Business grants are provided by various levels of government—federal, state, and local—and a wide variety of private charities, foundations, and corporations.
• Business grants are typically designed to support specific activities or specific types of business.
• It can be difficult to qualify for and secure a business grant, as the application process can be highly competitive.

Business grant programs are run by donors—including federal and state governments—to support businesses. Businesses can apply for grants from governments, corporations, foundations, or trusts, and if they are successful, they will receive a sum of money. 

The crucial difference between a business grant and many other types of business financing, including business loans, is that grants don’t have to be repaid. If a business receives a grant, it might have to report back to the donor on how it used the grant, or how it has supported the business, but the money itself can be kept.

Most business grants are designed to achieve a specific purpose. This can be to promote a particular type of business or a specific type of business activity, or to support people from communities that are underrepresented in the world of business. For example, a wide range of grants are available for research and development companies—businesses that work in highly technical fields—or businesses owned and run by women or minorities.

This means that the “average” company can find it difficult to qualify for a business grant. Even if your business does qualify, business grants are often highly competitive, so it can be quite difficult to actually get funding.

If your business doesn’t qualify for a business grant, plenty of other financing opportunities are available, including business loans with no credit check .

In general, the following steps are involved in securing a business grant :

• A business owner or employee identifies a grant that their business is eligible for, and submits an application for it.
• The donor organization will assess the application and decide whether the applicant qualifies for the grant.
• If an application is successful, grant money is then paid to the business by the donor.
• The business is often required to use this grant money for a specific purpose, but is not required to repay the donor.
• Typically, the donor organization will ask the business to report on how it has used the grant.

There are many different types of business grant. Some are administered by federal or state governments, some are focused on supporting certain types of business owner, and some are focused on businesses that operate in a particular field or geographical location. 

Government Business Grants

Government business grants are offered by three levels of government: federal, state, and local.

• Most federal business grant programs are administered by agencies of the federal government (such as the Department of Agriculture ) and are designed to achieve the agency’s specific objectives. These are generally the largest grants that companies can qualify for, but they are also the most competitive. 
• State and local business grants are usually smaller than federal grants , but are typically easier to secure because they are less competitive. Sometimes, state governments administer federal business grants and tailor their grants process to fit local priorities or objectives. 

Grants for Minorities, Veterans, and Women

There are also lots of business grants available for certain types of business owner. These include:

• Grants for veterans . The federal government has occasionally offered grants for business owners who are veterans. However, these programs aren’t available on an ongoing basis because they don’t run continuously. That said, veterans are able to access preferential business loan rates from the U.S. Department of Veterans Affairs (VA) to finance a business.
• Grants for women . If your business is female-owned or -run, you may have access to a wide range of governmental and private grants. The federal government offers grants to support this kind of business, as do a large number of private foundations, charities, and corporations.
• Grants for minorities . Similarly, a federal agency, the Minority Business Development Agency, supports businesses run or owned by Blacks and minorities to access grants and investment opportunities. Lots of local and city-level foundations also provide financial support.

If your business qualifies for a business grant, it almost always makes sense to apply for one. However, business grants have advantages and disadvantages compared to other forms of business financing. Here’s a look at both.

• The primary advantage of a business grant (over, say, a business loan) is that you don’t have to pay it back. Applying for a business grant also won’t affect your ability to apply for other forms of funding or financing, so it’s possible to receive both a grant and take out a business loan at the same time.
• Business grants can be helpful for businesses run by women or minorities. Both groups face structural barriers when it comes to accessing other forms of business financing, including loans, so grants are often crucial to their ongoing success.
• Business grants are also useful for capital-intensive businesses that don’t expect to make profits in the short term. For example, businesses that are focused on developing new technologies might need to rely on business grants for the period it takes to bring a profitable product to market.

Disadvantages

• Business grants can be fairly inflexible compared to business loans. Most donors require businesses to spend their grant in a specific way, and to confirm that they have done so. If your business priorities or market conditions change, this can mean that you are unable to use your grant.
• The amount of money that a business grant provides is usually smaller than a typical business loan. This is especially true for business grants given out by local governments or private foundations.

There are many different types of business grant, each focused on a different objective and each with its own specific requirements. This makes listing the “average” requirements for a business grant difficult and points to the need to read grant applications carefully.

However, most applications for a business grant will require:

• A well-developed business plan . This should outline the current status of your business, prove that it is stable and well-run, and outline your objectives for the future.
• An indicative budget . Most grant applications will require you to outline your current business budget , and to indicate how the business grant for which you are applying will fit in. 
• A justification for the grant . During the application process, most donors will ask you to explain why you need the grant that you are applying for, and how it will support or develop your business.

There are, broadly, five steps involved in applying for a business grant.

1. Find a Grant

This is likely to be the most time-consuming part of the process. To find a grant that is both suitable for your business and that you are able to apply for, you might have to search quite widely:

• For federal government business grants, there is a central database: grants.gov . This website will allow you to search for a federal grant against a number of criteria.
• For state and local government grants, there is no comparable system. To find these grants, you’ll have to search the websites of your state and local governments. Some states, however, offer consultation services for businesses, and these can point you in the right direction.
• Similarly, there is no central database for business grants offered by corporations, charities, or foundations. These grants are generally announced and advertised via the websites of the corporations, charities, or foundations that offer them, so you’ll have to do some research to find them. Since many of these grants are focused on a specific industry, a good place to start is to search online for grants offered in your sector. For example, you can search for “grants for manufacturing companies” or “grants for technology companies.”

2. Check Your Eligibility

Once you find a suitable grant, you should carefully check whether your business is eligible. Most grants have very specific eligibility requirements, and you don’t want to waste time applying for a grant for which your business won’t qualify.

Many grants, for example, are only available for businesses that have been operating for a specific number of years or that have an annual turnover below a certain dollar amount. Read the eligibility guidelines for any grant before starting your application, and, if possible, contact the donor organization to double-check that you are eligible.

3. Register

You will need to register an account on grants.gov to be able to apply for federal grants. For other types of grant, you might be able to skip this step.

You can apply for federal business grants directly through the grants.gov website. For other types of grant, the application process varies a lot. Typically, you will be able to apply for a business grant online, although some donors still require a paper form. In either case, however, the grant application documents will indicate how you should fill out the forms, and what additional documentation you need to supply.

5. Track Your Application

If you are applying for a federal grant, the grants.gov website will allow you to track the progress of your application and check on the decision once the time comes. For other types of grant, it’s often necessary to call or email the donor organization to get an update on your application.

You don’t have to pay back a business grant, but you do have to pay back a business loan. However, business grants are often less flexible than business loans, generally because you have to use them for a specific purpose.

A business grant can support a business to carry out a specific activity or provide support to a business that might find it hard to access a business loan.

The U.S. Small Business Administration (SBA) offers a variety of grant programs to support small businesses. The most popular federal grant program is the Small Business Innovation Research (SBIR) program, which provides funding for research and development projects.

The main advantages of a business grant over other types of business financing is that it doesn’t have to be paid back. Business grants are provided by various levels of government—federal, state, and local—and are typically designed for specific activities or types of business.

It can be difficult to qualify for and secure a business grant, as the application process can be highly competitive. However, for many businesses, a business grant represents a great opportunity for growth and development.

U.S. Chamber of Commerce. “ What’s the Difference Between a Grant and a Loan? ”

U.S. Small Business Administration. “ Grants for Community Organizations .”

U.S. Small Business Administration. “ Grants .”

Grants.gov. “ Grant Eligibility .”

Grants.gov. “ Grant Lifecycle Timeline .”

Grants.gov. “ Grant-Making Agencies .”

Minority Business Development Agency. “ MBDA Grants .”

U.S. Small Business Administration, via SBIR.gov. “ Leveraging America’s Seed Fund ,” Pages 3–6.

Grants.gov. “ Post Award Phase .”

Grants.gov. “ Pre-Award Phase .”

Grants.gov. “ Search Grants .”

Grants.gov. “ Applicant Registration .”

SBIR.gov. “ About .”

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• Business plans

Develop your business plan

On this page

Why you need a business plan

Use our business plan tool, download a detailed business plan template, tips to help you write your business plan.

Whether you've just started out or have been running your business for years, business planning can be the key to your success. Having a business plan:

• helps you to prioritise – it gives your business direction, defines your objectives, maps out how you'll achieve your goals and helps you to manage possible bumps in the road
• gives you control over your business – the planning process helps you learn about the different things that could affect your success. If you're already in business, it helps you to step back and look at what's working and what you can improve on
• helps you seek finance – if you're seeking finance for your business, you'll need to show banks and investors why they should invest in your business.

It will help you to develop a shorter business plan to:

• evaluate a new business idea
• set some goals for the year ahead
• keep your business on track.

Use this template if you are seeking finance for your business or want to include more detail in your business plan.

Business plan template

1. Determine what your plan is for

Does your business plan have more than one purpose? Will you use it internally, or will you share it externally, for example with potential investors or banks?

Deciding what the purpose is, can help you develop your plan for the right audience. If the plan has been developed for third parties, you will need to determine what they’ll be most interested in.

2. Prepare your finances

Use our detailed business plan template if you are seeking finance.

Lenders and investors will want to know if your finances are in order and your business is in a strong financial position. They'll want to know how much money you currently have, how much money you need and how much you expect to make in the near future. While a bit of extra funding will help you ensure you’re covered for unexpected costs, be realistic and avoid asking for more than you need.

If you're starting out and don't have financial information yet, our template provides resources to help you get your finances ready.

3. Write your summary last

Summarise the main points of your business plan using as few words as possible. You want to get to the point but not overlook important facts. This is your opportunity to sell yourself, but don't overdo it. The summary should include details about your business, market, goals and what makes you different from other businesses.

4. Get help

Don't leave your business plan to the last minute. It takes time, research and careful preparation to develop an effective business plan.

If you aren't confident in completing the plan yourself, consider getting a professional to look over it and provide advice.

There are a number of government services available to help you plan, start or grow your business. These services can provide general advice, workshops, seminars and networking events, and can even match you with a mentor or business coach.

Get expert help from a business adviser in your area .

5. Review your plan regularly

As your business changes, your plan will need to change to ensure your business is still heading in the right direction. Having your plan up-to-date can keep you focused on where you are heading.

It's a good idea to keep a record of each version of your business plan.

6. Protect your plan

Having an understanding with third parties when distributing a plan could be enough protection for some businesses. But if you have innovative business practices, products or services, you may want people to sign a confidentiality agreement to protect your innovations.

It may also be a good idea to include some words in your plan asking the reader not to disclose the details of your plan.

Start writing and developing your marketing strategy.

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Business Journal Daily | The Youngstown Publishing Company

City to Consider $200K Grant Program for Downtown Businesses

YOUNGSTOWN, Ohio – City Council next week will consider establishing a $200,000 economic rapid response grant program to assist downtown businesses affected by the Realty Tower explosion.

The ordinance, which council members will take up during a special meeting June 20, would authorize the Board of Control to execute an agreement with the Youngstown/Warren Regional Chamber Foundation to act as the fiscal agent for the program.   

The one-time program, which would target tourism and hospitality businesses in the city’s downtown’s core, would provide grants of up to $10,000 to “provide short-term relief assistance to businesses experiencing financial hardship most immediately impacted by events at Realty Tower,” according to the ordinance. The city’s economic development department would help evaluate applicants.

The mixed-use building, which had a Chase Bank branch on its ground level and apartments on the upper floors, was ravaged by a natural gas explosion May 28. Safety concerns about the tower’s stability have left the nearby Stambaugh Building closed and recently led to the evacuation of International Towers.  

As city leaders engaged in conversations about what downtown residents displaced by the explosion needed, what downtown businesses needed also was discussed, Councilman Julius Oliver, 1st Ward, said Thursday. Downtown businesses already have had to cope with the effects of the Covid-19 pandemic and the ongoing downtown road construction project that has led to road closings and detours.

“So being hit with this disaster puts even more of a strain,” he said. “We want to be able to add some support.”

As the Mahoning Valley’s largest economic development and business advocacy organization, the Regional Chamber feels “a sense of responsibility to partner with the city to help companies impacted by circumstances beyond their control,” said Guy Coviello, the chamber’s president and CEO.

“Much like the United Way [of Youngstown and the Mahoning Valley] has stepped up to help individuals, we’re stepping up to help the businesses. We will accept donations for businesses in need, and we will distribute 100% of the money collected,” he continued. “We will later determine additional resources we can provide specifically to chamber members in need.”

Once the initial funding is exhausted, applicants will be placed on a waiting list in the event additional funding becomes available, according to the city ordinance.

“We’re grateful for any assistance,” but “I don’t know if it’ll be enough,” said Mark Canzonetta, owner of Bistro 1907. His restaurant, along with the DoubleTree by Hilton Youngstown Downtown hotel, is located in the shuttered Stambaugh Building.

Canzonetta, who also owns Wahaka Taco in Howland Township, said Prima Cucina reduced days of operation to just Fridays and Saturdays. His stepdaughter had patronized The Federal downtown this week and reported hers was the only table with patrons.

Another downtown restaurateur described downtown as “a ghost town,” he added. He also expressed concern over possible efforts to preserve the tower. “Is there going to be an ongoing battle to see what the outcome of the tower is going to be?” he questioned. “Downtown business was hurting already.”  

He also expressed concerns over the long-term effects of the continued road closings and restricted access related to the Realty Tower on the restaurant/bar, travel and concert industries, as well as the “uptick in crime and murder” in the city. While that isn’t necessarily happening downtown, people outside the city often perceive that to be the case and won’t return “unless the city hires an absolute genius marketing company,” he cautioned.

The city is exploring “some type of marketing campaign for our downtown businesses so people know that downtown is still open for business,” Oliver said. Whether the one-time grant program might be expanded is an issue to be considered later.   

“What we want to do is just provide some type of relief from the hemorrhaging,” he said.

Coviello vowed that his focus and that of Mayor Jamael Tito Brown would be “long-term, continuing long after we recover from the explosion.”

Pictured at top: A sign for Bistro 1907 is seen on a window at the Stambaugh Building, which also houses the DoubleTree by Hilton Youngstown Downtown hotel.

Editor’s note: More coverage of the Realty Tower explosion can be viewed HERE .

Copyright 2024 The Business Journal, Youngstown, Ohio.

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Downtown Advocates Seek ‘Way Forward’ After Explosion

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Michelle Carpenter of Aloha Complex Care wins MEO business plan contest

Michelle Carpenter, owner of Aloha Complex Care, captured the first place grant of $20,000 in Maui Economic Opportunity Business Development Center’s Core Four Best Business Plan Competition. Photo courtesy MEO

Submitted by MEO

KAHULUI–Michelle Carpenter, owner of a concierge health care business for clients and families with caregiving needs, produced the top business plan and earned a $20,000 grant in Maui Economic Opportunity’s third annual Core Four Best Business Plan Competition.

Carpenter’s business plan for Aloha Complex Care LLC was one of eight to win grants ranging from $20,000 to $5,000 as part of the contest run by MEO’s Business Development Center and funded by Maui County through the Office of Economic Development.

Twenty-one startup business plans were submitted and judged by Wayne Wong, Hawaii Small Business Development Center (SBDC) Maui Director; Fred Rickert, SBDC Maui Senior Business Adviser, and Gerry Smith, retired business development consultant and senior budget analyst for the U.S. Department of Defense on Maui.

The proprietors of the businesses completed one of six Core Four Business Plan Courses held in 2023-24. Judging was based on business plan narrative and summary, marketing plan, operational plan, cash flow projections and economic diversity impact to Maui’s economy.

The other seven winners follow:

• Second Place. $15,000 award, Maui Walking Tours LLC, owner Keith DeVey.

• Third Place. $15,000, Café Wa’a, Shawn Leong and Angie Corpuz.

• Fourth Place. $10,000, Ano Farms, Catalina Araki.

• Fifth Place. $5,000, Luau Creamery LLC, Wailani Artates.

• Sixth Place. $5,000, C.H.E.S.S (Cardio Health Environmental Safety Systems), Gary Candido.

• Seventh Place. $5,000, Queens, Tracey Robinson.

• Eighth Place. $5,000, Maui Microgreens, Joshua Farin.

MEO Business Development Center’s Core Four business planning classes and the Best Business Plan Contest are funded through the County of Maui’s Office of Economic Development. The Core Four Business Planning Course, which provides a total of 24 hours of instruction in-person and via Zoom, covers writing a business plan and provides the information needed to start, operate and grow a business. It is geared for those thinking of starting a business or who are just starting and need direction. It is offered multiple times during the year on Maui and Moloka’i.

The course cost is $75, and financial assistance is available upon request. For more information about Core Four, call (808) 249-2990.

Aloha Complex Care’s story

Carpenter said the Core Four series helped her “pinpoint crucial gaps in my business plan that, if left unaddressed, could have led to significant financial setbacks.” The class led her to take a systematic and thought-provoking approach to developing a comprehensive and resilient business plan. She also found the cash-flow worksheet a valuable tool, to which she continually refers.

As a concierge care coordinator, she and her company coordinate and support clients and their families with challenges, such as housing, home-care services, medical management and legal and financial issues. She acts as a liaison between the client, family and other professionals and as a client advocate in care coordination.

For example, a recent client needed 24/7 private care but could only afford 10 to 12 hours. Through her knowledge and problem-solving approach, the family, private caregivers and technology, such as Blink cameras, allowed the client to spend her last days at home in her apartment.

Carpenter will be using the $20,000 grant to make “significant investments” in technical devices, such as more Blink cameras, a motorized stair chair for clients in condos without elevators, a gurney that can be transformed into a chair, voice-activated devices, wheelchairs, electric hospital beds and more.

A registered nurse, Carpenter came to Maui during the COVID-19 pandemic as a travel case manager for Maui Memorial Medical Center, her website says.

Carpenter formed Aloha Complex Care in August 2022 and took the Core Four class series in January 2023. She has been working with five to eight clients.

Aloha Complex Care can be reached by phone at (808) 269-5463 and by email at [email protected].

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