Small Business Grants

Where to Look

Small business grants are usually not offered by the U.S. government. You will need to look at your state’s grant programs, as well as offerings from philanthropic groups. Most grant programs can be intensely specific. Your eligibility can be based on a variety of factors, including business mission, sex, race and age. One of the best places to begin your research for small business grants is the Catalog of Federal Domestic Assistance.

Navigating The Language Of Grants

Interpreting the language of grants can be difficult. You should determine if you have the time and energy to sit down and fully acquaint yourself with the lingo and terminology (there’s LOTS of it). If you don’t have the time and energy, seriously consider hiring a grant consultant. This professional will be able to help you decipher grant language and help you write your grant mission statement. Before you hire one, investigate his/her credentials and reputation. Check with other small business owners for recommendations. If you go it alone, you will be surrendering time better spent managing your business.

Doing the Paperwork

So you’ve found a small business grant program that fits your needs. Congratulations! Now you begin the task of filling out the application. Make sure you fill it out the application completely and correctly. It’s a good idea to perform an extensive review of all completed paperwork. If your submission contains errors , it can ruin your chances of even making it to the review process, and seriously delay grant approval.

Preparation

Once you get your foot in the door of a small business grant program, you’ll need a comprehendible business plan to present to grant program administrators. Make sure points A through Z connect logically, and clearly state how you plan to make money with grant funds. People skills may be needed with your grant officer and work to understand his/her point of view and questions he/she has about your grant application.

Additional Sources For Small Business Grants

U.S. Small Business Administration: Federal Grant Resources

Grants.gov

The Economic Development Directory

The Foundation Directory Online