A small business can be a difficult endeavor to maintain all alone. So it is completely normal for small business owners such as yourself to think about reaching out for help sometimes.
But what help is readily available to you? Looking for funding for your small business can be rather daunting. Narrowing down what type of funding you are looking for can be a huge start.
Why not look for money that’s free before you go in search of funding that you’ll have to repay? A loan is a perfectly reasonable option to consider, but you should always consider free money first.
What Kind of Local Government Grants Are Available?
There are a variety of local government grants, depending upon where your business is located. For instance, if you operate in Oregon you have a fairly high chance of success in finding funding as a Native or a woman. Or if you operate in Florida and your business is directly positively affecting a local endangered species.
There are 3 general categories of government grants that you should consider-
- Grants that are contributing to small businesses which are investing in and researching important technological advances. Ex. Being renewable energy sources.
- Grants that are intended for minority groups such as women, Natives, residents of chronically impoverished areas, etc…
- Government grants that are designated specifically for businesses that are dedicated to furthering the advances of science and health.
What Are the Steps to Apply for these Government Grants?
The steps to apply are really simple!
- First, you’ll need to research. There are a few good sites to use to help narrow your search. Grants.gov, your state’s specific economic and grant programs site, the SBA site, and Business USA are all really good options for finding grants that you’ll qualify for.
- Once you’ve chosen the grants that you want to apply for, applying is as simple as clicking on the application button. Thanks to modern tech, you can apply online. Just fill out the requested information and click send!
- Lastly, you’ll likely have to wait for quite some time. Most grant responses are not quick. In fact, the waiting period is notoriously lengthy. Particularly for the most popular programs.