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Operations for a business in its early stages tend to be difficult and in these situations, owners try to find different funding options like business loans or grants.
Compared to other funding options, a business grant seems more attractive because it is essentially free money.They are a great way to establish your business without mortgaging your future.
Types of grants
Grants can come in many forms:
Where to find business grants?
There a number of available grants to the public however here are a few common sites to access grants
Who are grants available to?
There are grants available for all types of small and online business owners, including women, minorities and veterans and disabled Americans.
A grant is typically made available when a government agency, nonprofit, or private business decides to set aside funds for a specific area of concern. A grant could be established to encourage minority entrepreneurship in a community. Another could be established to fund a specific industry, to reward innovation, or to promote women-owned businesses. Whatever the cause, the agency or business will begin a grant by allocating funds, establishing qualifications, and creating an application process.
The key is to find the grants for which you qualify and then do the nose-to-the-grindstone work to apply for the small business grant.
This is exactly what Attorney Staci Childs, Owner of Sunny Side Legal did when applying for the $25,000 grant during on Black Entrepreneurship Day hosted by Daymond John. Staci’s grant was one of many awarded during that event and hers was awarded by Salesforce.
When asked how she was able to win the grant amongst the numerous people who applied, Staci said she simply stated how the current circumstances pandemic had affected her business.
Staci’s law firm was incapaticitated with her hiring out interns to help with the work amidst her catering for personal needs. Despite her trying to manage her business and personal affairs, Staci says she was simply broke.
She told them winning the $25,000 grant will enable her to offer more value to her business. Every business needs a bit of extra help sometimes, particularly when it comes to finance. Having extra cash flow or a contribution towards a project can help you bring in new equipment, hire employees, and develop your business.
Staci also acknowledged her confidence and steady long willingness to stick to what she loves to do as one of the reasons she applied for the grant.
Finding a solid reason can offer you the enthusiasm to go after what you want in your full glory.
Here’s what you should consider when applying for a grant:
Grab the winning grant application cheat sheet and checklist here
Write something about yourself. No need to be fancy, just an overview.