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Small-Business Grants: Where to find free money

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Do you need money for the business? Did you face a sudden need for cash and don’t know how to solve this problem? 

Small business grants can be a good decision in such situations. Many become great people in business, starting with small businesses, even when they don’t have money. 

In lots ofmanyions, we find ourselves ourselvneeding of instant cash loan therefore, we look for something that can fix our poor position for the better. 

And it’s Okay because anything can happen to us, even if you have a good income from your business!

Remember that there are no business difficulties you cannot resolve because you are one of many people to launch your own company. 

It’s just a necessity to get a grip and make steps! And small business grants can support you in this question.

In particular, people frequently encounter quick money emergencies in the business world. 

For example, newcomers are searching for immediate cash to have a better start. What is more, individuals who are more than five years in this field of activity are no exception, but they have other purposes.

 So, let’s check several options to get money if you want to finance your business.

Instant Cash Loans

Typically this way of borrowing money offers short-term loans. And it isn’t very suitable for business, but if you need to pay for materials or urgent expenses and you have no time to wait until the bank approves a business loan – it is a good way out. 

Good to know: By and large, the money is at most $500. But, before getting an instant cash loan, take into consideration these facts:

  • The policy rate,
  • Annual interest rate,
  • Payments.

They are high. When applying for instant cash financing, be prepared to pay up to 15% for each $100 you want to loan out.

  • This type of loan makes it possible for people to obtain money quickly in case of immediate need. You, probably, are not a fan of the local bank as it always gives you stress and being a part of long queues is not a pleasant experience. Every person can avoid such inconveniences by choosing cash advance loans.
  • Do you hate all this paperwork? Online lenders also win here!
  • Have a poor credit score? It’s not a problem! You can obtain a loan online no matter what your difficulties are.  

Do you want to find the money for the little business you dream of for so long? Are you looking for small-business grants?

If you want to find the money for a startup or business that you already have, grants are what you are searching for!

Yes, applying for funding and understanding what grant is more appropriate for you are two things that will take your time. 

In this case, you have to be sure that your precious minutes, hours, and days are worth it! And the result you can get deserves your time!

Just imagine that your desired goal will not be visible only in dreams. It can be your present!

Grants are available to small businesses from federal agencies and private firms. 

Federal Small-Business Grants

As you would expect, government organizations are one of the largest distributors of grants, providing options for different business purposes & places where it is located.

Federal grants are an excellent opportunity for small business owners who want to reborn their little business from a caterpillar into a beautiful butterfly.

Grants.gov

Do you want to choose grants from the federal administration? Start your search at Grants.gov.

Here you can see the complete list of funds the government will give.

SBIR & STTR

Small Business Innovation Research and Small Business Technology Transfer programs concentrate on developing technological innovation.

These programs connect small businesses, federal grants, and contracts of 11 state agencies.

Below you can notice a picture showing the agency’s FY 2019 SBIR/STTR budgets.

https://www.sbir.gov/sites/default/files/SBA_SBIR_Overview_March2020.pdf 

To be eligible for SBIR as well as for STTR funding, you have to:

  • Run a for-profit business.
  • Have a staff of up to 500.

USDA Rural Business Development Grants

Do you own a business in a rural area? Many individuals find such an occupation pointless as they can’t understand where to find the money for it, and some grants aren’t available.

Here is a solution for the founder of a rural business!

A Rural Development agency of the United States Department of Agriculture (USDA) is for small business development and growth in rural communities.

These are three factors you need to have to be eligible for USDA:

  • Less than 50 new employees are required,
  • Under $1 million in total income.
  • The location should be in a qualifying rural area. 

National Institute of Health Grants (NIH)

Do you have a small company developing and conducting research on biomedical technology? NIH is your smart choice!

  • National Institute of Health Grants was created to support companies undertaking COVID-19 research.

There are many grants available with maturities up to and after 2021.

Grants for Starting a Company

If you are a novice in business looking for start-up grants, you may need help finding available federal grants. 

Do you want to start your own business? Some special grants can give a hand of help while beginning your way!

U.S. Chamber of Commerce Dream Big Awards

Have you ever heard about Dream Big Awards?

It is the annual award. Here are a few business rewards for their contribution to the United States economy. 

This is an excellent chance for a startup because it provides a $25,000 grant! This sum is a perfect foundation for the starting line.

There are also additional categories where businesses can win prizes.

For instance:

  • Green/Sustainable
  • Veteran-Owned
  • Woman-Owned

You have already understood that it is necessary to have a business to be a part of this competition, but it should be one year from the beginning of the red ribbon cutting!

Hello Alice Grant Platform

This platform has grants for startups, and doing so gives them a chance to novice people in business to have a better start. What is more, not only starters have such possibilities! Small businesses also can turn to this source of getting money.

Just sign in, and create an account, and you will receive messages with new opportunities. Additionally, you may submit a grant application for your company.

Comcast RISE

Free marketing services & technological transformations. Does it sound gripping?

With the help of Comcast RISE, your early-stage company can have it free of charge!

The prizes are presented quarterly.

What characteristics are required for your business?

To be for one year or more.

It is situated in the Comcast or Effective service zone.

51% of the property belongs to women or people of color.

Amber Grant for Women

WomensNet was founded years ago to assist women in reaching their business goals.

It has:

  • Monthly Amber grant – $10,000,
  • Two grants annually – $25,000

As a significant advantage, the foundation gives extra funding all year long.

What does it take to qualify for a WomensNet grant?

  • To complete only one application.

If you have an existing women-owned business but are also interested in Amber grants, don’t get disappointed! You are eligible too.

Natural Resource Sales Assistance Program

As you probably know, we have a federal government that sells a lot of natural resources and overage goods.

SBA work is to help small businesses to obtain an equitable share of government property sales and leases by setting aside a certain percentage of such goods.

At times federal agencies split excess materials into small plots. It helps small businesses buy them without additional expenses.

It covers four kinds of federal resources:

  • Products related to wood material
  • Royalty oil
  • Leases that include rights to minerals, coal, oil, and gas
  • Surplus of real and personal property.

Summing Up

As you see, there are a lot of opportunities to get financial support for your business. 

Everything depends on what you need money for and which is desired.

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