Small Business Grants: Top Opportunities for Funding in 2025

Small business grants can give your company a helpful boost. These special funds don’t need to be paid back, unlike loans. Many groups offer grants to support small businesses and help them grow.

You can find grants from the government, big companies, and nonprofit groups. Each grant has its own rules about who can apply and how to use the money. Some grants focus on certain types of businesses or owners. Others aim to help with specific needs like buying equipment or doing research.

This article delves into the different types of small business grants, highlighting the pros and cons of each and providing insights into eligibility criteria and funding limits. 

Types of small business grants

Small business grants come in many forms. You can find grants from the government, private companies, and non-profit groups.

Government grants are often tied to specific industries or goals. The Small Business Administration (SBA) offers grants to nonprofits and educational groups. These groups then help small businesses with training and advice.

Private company grants can be more flexible. Amazon runs a yearly grant program for small businesses that use its services. Sephora has a grant program to support minority business leaders in the beauty industry.

Non-profit grants often focus on certain groups. Women, minorities, and veterans can find grants made just for them. These grants aim to boost diversity in business ownership.

Here’s a quick look at some grant types:

Grant Type Pros Cons Funding Max Eligibility
Government Stable funding Strict rules Varies Industry-specific
Private Company Less red tape May require using services $25,000+ Often customers only
Non-Profit Targets specific groups Smaller amounts $1,000-$5,000 Group membership

When looking for grants, think about what makes your business unique. This can help you find grants that fit your needs best.

Choosing the right funding option

Picking the best way to fund your small business is key. You’ll want to look at your business needs, financial situation, and goals.

Here are some common funding options to think about:

  • Personal savings
  • Bank loans
  • Revenue-based financing
  • Crowdfunding
  • Small business grants

Think about these things when picking a funding option:

  • How much money do you need?
  • How fast do you need the funds?
  • What’s your credit score?
  • How long have you been in business?
  • What can you afford to repay?

By looking at these factors, you can find the right funding choice for your small business.

How to apply

Getting a small business grant takes work, but it can pay off big time. You’ll need to put in effort to show why your business deserves funding. Let’s look at how to prepare and what mistakes to avoid.

small business grants

Preparing your business plan

A strong business plan is key when applying for grants. Make sure yours includes:

  • Clear goals and milestones 
  • Financial projections 
  • Market analysis 
  • Team bios

Keep it short – about 20-30 pages max. Use charts and graphs to explain your ideas. Tailor each plan to the specific grant you’re after.

Your plan should show how the grant money will help your business grow. Be specific about how you’ll use the funds. Include a budget breakdown.

Practice pitching your plan before you submit it. Ask others to review it and give feedback.

Common mistakes to avoid

Many businesses make errors that hurt their chances. Don’t fall into these traps:

  • Missing deadlines 
  • Ignoring instructions
  • Using a generic application 
  • Making typos or errors 
  • Asking for too much money

Read all rules carefully. Follow every step exactly as stated. Triple-check your work before sending it in.

Don’t stretch the truth or pad your numbers. Grant reviewers can spot fake claims. Be honest about your business.

Avoid industry jargon. Write in plain language anyone can understand. Make your ideas clear and simple.

60 small business grants to help you get started

Below are 60 small business grants designed to assist startups, minority-owned businesses, women entrepreneurs, and more, providing funding options that don’t require repayment.

Federal small business innovation research grant

The Small Business Innovation Research (SBIR) grant is a federal program that supports small businesses in the United States. It gives money to companies working on new technologies and products.

SBIR grants help small businesses do research and development. You can use the funds to test your ideas and create new products. This program aims to boost innovation in the country.

The SBIR program works with many federal agencies. Each agency sets its own topics and goals for the grants. You can apply to different agencies based on your project.

The grant process has three phases. In Phase I, you get money to test if your idea is possible. If successful, you can apply for Phase II to develop your product further. Phase III helps you bring your product to market.

Pros Cons Funding maximum Eligibility
No repayment needed Competitive process Varies by agency and phase Small U.S. businesses
Keeps your equity Strict rules to follow Less than 500 employees

SBIR grants can be a great way to fund your tech startup. They give you money without taking ownership of your company. This lets you keep control of your business as you grow.

Amber grant for women

The Amber Grant helps women start and grow businesses. WomensNet gives out this money every month to support female entrepreneurs.

You can get $10,000 for your business idea or existing company. The application is simple. Just tell them about yourself and your plans.

Women with all kinds of business dreams can apply. Past winners include bakers, inventors, and many others. The focus is on you and your vision.

To apply, visit the WomensNet website. Fill out their form with details about your business goals. Be yourself and share your story clearly.

Winners can use the money for different needs. You might buy supplies, hire help, or boost your marketing.

Pros Cons Funding maximum Eligibility
Easy application High competition $10,000 Women entrepreneurs

Minority Business Development Agency grant

The Minority Business Development Agency (MBDA) helps minority-owned businesses grow and become more competitive. It’s part of the U.S. Department of Commerce. The MBDA doesn’t give out grants directly to businesses.

Instead, the MBDA funds a network of centers across the country. These centers offer services to help minority business owners. You can get help with things like business planning and finding funding.

The MBDA also runs programs to support minority businesses. One example is the Capital Readiness Program. This program teaches business owners how to get funding from other sources.

If you’re looking for grants, you can check Grants.gov. This website lists many federal grant programs. These grants are usually for projects that support government goals, not for personal use.

To get help from the MBDA, you can contact one of their business centers. They can guide you to resources that fit your needs.

Pros Cons Funding Maximum Eligibility
Free business assistance No direct grants to businesses Varies by program Minority-owned businesses

Small business technology transfer grant

The Small Business Technology Transfer (STTR) program helps small businesses work with research institutions. It gives money for new tech ideas that could help society.

STTR is like the Small Business Innovation Research (SBIR) program. The main difference is that STTR requires small businesses to team up with a research group.

The program aims to turn research into real products and services. It focuses on ideas that are still unproven but could make a big impact.

STTR grants don’t take any ownership in your company. This means you keep control of your business and ideas.

You can apply for STTR grants from different government agencies. Each agency has its own focus areas and rules.

Pros Cons Funding Maximum Eligibility
Keep ownership of your ideas Must partner with a research group Varies by agency Small businesses in the U.S.

Rural business development grant

The Rural Business Development Grant helps small businesses in rural areas. It has two types: Opportunity and Enterprise grants. Opportunity grants make up 10% of the total funding.

Enterprise grants support small and emerging rural businesses. These businesses must have fewer than 50 new workers and less than $1 million in gross revenue.

The grant provides technical assistance and training. It aims to boost rural economies by helping local companies grow and create jobs.

You can use the funds for various business needs. This may include buying equipment, getting expert advice, or improving your marketing.

To apply, you’ll need to show how your project will benefit the rural community. The USDA reviews applications and awards grants based on merit.

Pros Cons Funding Maximum Eligibility
Supports rural businesses Limited funding available Varies by project Small rural businesses
Offers technical assistance Competitive application process Less than 50 new workers
Flexible use of funds Under $1 million revenue

Economic injury disaster loan emergency advance

The Economic Injury Disaster Loan (EIDL) Emergency Advance helps small businesses facing money problems due to COVID-19. You can get up to $10,000 quickly to cover your costs.

This advance is for businesses in all U.S. states and territories. It’s meant to give fast relief if you’re losing income because of the pandemic.

You don’t have to pay back the advance, even if you don’t get approved for a full EIDL loan. The money can help with things like paying employees, buying supplies, or covering other bills.

To qualify, you need to have 500 or fewer workers. You also must show that COVID-19 hurt your business finances.

The SBA has extra help for the hardest-hit small businesses. You might get another $5,000 if you lost over half your income and have 10 or fewer employees.

Pros Cons Funding maximum Eligibility
Quick funding Limited amount $10,000 500 or fewer employees
Don’t repay advance Must show COVID-19 impact COVID-19 financial loss

USDA Value-Added Producer Grant

The USDA Value-Added Producer Grant helps farmers and ranchers make more money from their products. This program gives money to create new products or find better ways to sell existing ones.

You can get up to $75,000 for planning or $250,000 for working capital. The grant is open to individual producers, groups of producers, or farmer cooperatives.

To apply, you need a solid business plan and proof that your project will work. You must also match the grant money with your own funds.

The USDA gives extra points to certain groups. These include new farmers, veterans, and socially-disadvantaged producers.

This grant can help you turn your farm products into something more valuable. For example, you could use it to make cheese from your milk or jam from your fruit.

Pros Cons Funding Maximum Eligibility
Helps increase income Requires matching funds $250,000 Farmers, ranchers, producers
Supports new product creation Competitive application process
Priority for certain groups Complex paperwork

FedEx small business grant contest

FedEx helps small businesses grow with its yearly grant contest. You can win money and services to boost your company. The contest gives away millions to help entrepreneurs succeed.

To join, you need a FedEx account. Sign up for emails to know when the next contest starts. Thousands apply each year, but only a few win.

Winners get cash and FedEx Office print services. The top prize is $50,000. Other winners get $30,000 or less. The money can help you expand or try new ideas.

FedEx picks diverse businesses. Past winners include food companies, clothing makers, and tech startups. They look for unique stories and products.

Pros Cons Funding maximum Eligibility
Free money for your business High competition $50,000 Must be a FedEx customer
Print services included Only once a year U.S. businesses only

NASE Growth Grants

The National Association for the Self-Employed (NASE) offers Growth Grants to help small business owners. These grants provide up to $4,000 for various business needs.

NASE members can use the grant money for things like marketing, hiring employees, or buying new equipment. The program aims to support small businesses in their growth and development.

Since 2006, NASE has given out nearly $1,000,000 in grants to its members. They choose a new winner each month, giving many businesses a chance to receive funding.

To apply, you need to be a NASE member in good standing. Annual members can apply right away, while others must wait 3 months after joining.

The application process is straightforward. You’ll need to explain how you plan to use the grant money and how it will help your business grow.

Pros Cons Funding Maximum Eligibility
Monthly winners NASE membership required $4,000 NASE members

InnovateHER challenge

The InnovateHER Challenge is a yearly competition run by the U.S. Small Business Administration. It aims to support businesses that create products or services that help women and families.

You can win big money in this challenge. The top three winners get $40,000, $20,000, and $10,000. This cash can really boost your business.

To join, you first need to win a local contest. Then you move on to the national level. There, you pitch your idea to judges who pick the winners.

The SBA looks for ideas that make a real difference in women’s lives. They want products or services that are new and can be sold widely.

This challenge is great for you if you have a business idea that helps women. It gives you a chance to get funding and attention for your work.

Pros Cons Funding Maximum Eligibility
Large cash prizes Must win local contest first $40,000 Businesses helping women

Veteran business outreach center program

The Veteran Business Outreach Center (VBOC) program helps service members, veterans, and military spouses start or grow small businesses. It offers training, counseling, and referrals to other helpful resources.

VBOCs provide business basics, like how to write a business plan and manage finances. They also give advice on getting loans and government contracts.

You can find VBOCs across the country. They work with local partners to support veteran entrepreneurs in their areas.

The program is run by the U.S. Small Business Administration (SBA). It’s part of their efforts to help veteran-owned businesses succeed.

Pros Cons Funding maximum Eligibility
Free services Limited locations N/A (provides training, not funding) Veterans, service members, and military spouses

First nations development institute grant

The First Nations Development Institute offers grants to Native American projects and organizations. Since 1993, they’ve given out over 3,400 grants worth $85 million. These grants support Native communities across the U.S.

The institute aims to improve economic conditions for Native Americans. They do this through grants, training, and advocacy. Their programs focus on building strong Native economies and communities.

You can find resources on the First Nations website to help with grant applications. They offer tips on grant readiness and evaluation. This can be useful if you’re new to applying for funding.

The institute runs several grant programs. These cover areas like food systems, financial education, and small business support. Each program has its own focus and eligibility rules.

If you run a Native-owned business, these grants could help you grow. The institute’s business programs teach skills like budget management and financial planning. This support goes beyond just money.

Pros Cons Funding Maximum Eligibility
Focuses on Native communities Limited to specific program areas Varies by program Native-owned projects and organizations

StreetShares Foundation veteran business grant

The StreetShares Foundation supports military veteran entrepreneurs through their grant program. They aim to boost veteran-owned small businesses by providing access to capital.

Their Veteran Small Business Award offers grants ranging from $4,000 to $15,000. This can be a big help for veterans looking to start or grow their businesses.

You’ll need to apply and pitch your business idea to be considered. The foundation looks for innovative ideas that can make a positive impact.

Veteran-owned businesses play a big role in the U.S. economy. They make up about 9% of all American firms and employ millions of people.

Pros Cons Funding maximum Eligibility
Focuses on veteran entrepreneurs Competitive application process $15,000 Veteran-owned businesses

You might like that StreetShares is dedicated to helping veterans succeed in business. Their grants can provide the boost you need to get your idea off the ground.

One downside is that the application process can be tough. Many veterans apply, so you’ll need a strong pitch to stand out.

Native american business development institute grant

The Native American Business Development Institute (NABDI) grant helps tribes and tribal organizations explore economic opportunities. This program funds feasibility studies and business plans for potential projects.

NABDI grants allow tribes to weigh risks and make smart choices about their economic futures. The funds can be used to hire consultants to evaluate business ideas, technology plans, or development projects.

Each year, NABDI aims to give out 20-35 grants. These awards empower Native American communities to assess which ventures are worth pursuing.

The grants can cover a wide range of potential projects. Tribes can use the money to study new businesses, technologies, or economic development ideas.

By funding these studies, NABDI helps tribes gather key information before investing in major projects. This reduces risk and increases the chances of success for tribal economic efforts.

Pros Cons Funding Maximum Eligibility
Reduces economic risk Competitive application process Varies Federally recognized tribes and tribal organizations

Comcast RISE Investment Fund

Comcast RISE helps small businesses grow and thrive. The program offers grants, marketing, and technology support to entrepreneurs.

The Investment Fund is a key part of Comcast RISE. It gives out cash grants to small businesses owned by people of color.

You can apply for a $10,000 grant if you’re in Chicago, Miami, Oakland, Seattle, or Washington, D.C. The fund has given out $21 million in grants so far.

Comcast RISE focuses on economic growth and community uplift. It aims to help businesses recover from COVID-19 impacts.

The program has helped 14,000 small businesses with over $125 million in grants and services. In 2024, it awarded grants to 500 businesses in five cities.

Pros Cons Funding Maximum Eligibility
Cash grants available Limited to specific cities $10,000 Small businesses owned by people of color

Fast Break for Small Business grant

Fast Break for Small Business is a grant program that helps small business owners and new entrepreneurs. It gives out money and services to help businesses grow.

The program offers $10,000 grants to 150 small businesses. These businesses also get to pick a LegalZoom product worth up to $500.

For people just starting out, Fast Break gives 3,000 new entrepreneurs a free LegalZoom product. This product is also worth up to $500.

LegalZoom and Accion Opportunity Fund run this program together. They want to give small businesses the tools they need to succeed.

The grant can help pay for things like rent, supplies, or hiring new workers. The LegalZoom services can help with legal paperwork for your business.

Pros Cons Funding maximum Eligibility
Cash grant and free services Limited number of grants $10,000 Small businesses and new entrepreneurs

Hatch pitch competition

Hatch Pitch supports innovative startups working on big challenges. The competition helps new companies with coaching and connections to money and customers.

Since 2012, Hatch Pitch finalists have raised over $400 million. Eleven of the startups have been bought by larger companies.

Each year, Hatch Pitch picks finalists from applicants around the world. These finalists get advice from experts to improve their business plans.

The competition ends with a pitch event. Finalists present their ideas to judges who pick the winners.

Hatch Pitch looks for startups tackling environmental, economic, and social issues. The goal is to find new businesses that can make life better for people.

Pros Cons Funding Maximum Eligibility
Expert coaching High competition Not specified Innovative startups
Investor connections Limited winners Global applicants

Bill and Melinda Gates Foundation grant

The Bill and Melinda Gates Foundation offers grants to organizations working to solve global issues. They focus on areas like health, education, and poverty reduction.

You can apply for a grant if you’re a U.S. 501(c)(3) organization or another tax-exempt group. The foundation chooses most grantees themselves, but they sometimes post open calls for proposals.

To apply, you’ll need to prepare several documents. These may include a proposal, budget, and results framework. The foundation looks for projects with proven success in their target communities.

The Gates Foundation doesn’t typically give grants to small businesses. They aim to fund larger-scale efforts that can make a big impact on global problems.

Pros Cons Funding maximum Eligibility
Large funding amounts Very competitive Varies by project 501(c)(3) and tax-exempt orgs
Global impact Not for small businesses

Tory Burch Foundation Fellows Program

The Tory Burch Foundation Fellows Program helps women entrepreneurs grow their businesses. Each year, 50 women are chosen for this program.

You get a lot of support as a Fellow. The program lasts for one year. You can join workshops and coaching sessions to learn new skills.

You also get money to help your business. Fellows receive a $5,000 grant for education. You can use this to take classes or get training.

The program connects you with other business owners. You can share ideas and get advice from people who understand your challenges.

One fun part is a trip to New York City. You spend 3 days there meeting experts and other Fellows.

Pros Cons Funding Maximum Eligibility
Free education Competitive selection $5,000 grant Women-owned businesses
Networking opportunities Time commitment required 21 years or older
Access to experts U.S. residents

Halstead Grant for jewelry artists

The Halstead Grant helps new silver jewelry designers grow their businesses. You can win $7,500 in cash and $1,000 in supplies if you’re picked. The grant aims to support fresh talent in the industry.

To apply, you need to be a jewelry artist working mainly with silver. The judges look for strong design skills and business know-how. They want to see that you can manage your small business well.

Winners get more than just money. You’ll also receive recognition in the jewelry world. This can boost your career and open doors. Plus, you’ll get feedback from the judges on your application.

Pros Cons Funding Maximum Eligibility
Cash prize Competitive $7,500 New silver jewelry designers
Industry recognition Limited to silver jewelry
Feedback from judges

The grant is offered every year. It’s a great chance for you to jumpstart your jewelry business if you’re just starting out. You’ll need to show both your artistic talent and your business skills to stand out.

Idea cafe small business grant

Idea Cafe offers a $1,000 small business grant to help entrepreneurs grow their businesses. The grant program aims to support creative business owners who are passionate about their work.

You don’t need to pay any fees or prepare a full business plan to apply. This makes it easy for small business owners to participate.

The grant is awarded to inspirational entrepreneurs with promising ideas. Winners can use the money to boost their business in various ways.

Idea Cafe has run multiple rounds of this grant program. They’ve given out at least 12 grants so far.

The application process is quick and simple. You just need to share your business concept and explain how you’d use the grant money.

Idea Cafe also provides advertising credits to winners. This extra support can help you promote your business and reach more customers.

Past winners include a gourmet cheesecake company. This shows the grant can benefit food businesses and other creative ventures.

Pros Cons Funding maximum Eligibility
No application fee Small grant amount $1,000 Small business owners

Citizens Bank Small Business Community Champion Award

Citizens Bank offers a special grant program for small businesses. This program is called the Small Business Community Champion Award. It gives money to small businesses that help their communities grow.

The bank picks 30 winners each year. Each winner gets $10,000. This money can help businesses grow and create new jobs.

You can enter if you own a small business. The bank looks for businesses that make their communities better. They want to see how you would use the money to help your business and community.

Many different types of businesses can win. Past winners include companies owned by women, minorities, and veterans. Other small businesses can win too.

To apply, you need to explain how you would use the grant. Tell the bank how it would help your business grow. Also, share how it would support your community.

Pros Cons Funding Maximum Eligibility
No repayment needed High competition $10,000 Small business owners

Futurepreneur Canada startup program

Futurepreneur Canada helps young entrepreneurs start and grow their businesses. They offer loans, mentorship, and resources to support your entrepreneurial journey.

You can get a startup loan of up to $60,000 through Futurepreneur. This includes up to $40,000 from BDC. The loan is flexible and doesn’t require equity in your company.

Mentorship is a key part of the program. You’ll be matched with a mentor for up to two years. This one-on-one guidance can help you navigate the challenges of running a business.

Futurepreneur provides tools and workshops to help you plan and launch your startup. Their Rock My Business series can teach you valuable skills.

The program is designed for young entrepreneurs across Canada. It aims to drive economic growth by supporting new businesses.

Pros Cons Funding Maximum Eligibility
Flexible loans Age restrictions $60,000 Young entrepreneurs
Mentorship program Limited funding Canadian residents
Business resources

Global Innovation through Science and Technology Initiative

The Global Innovation through Science and Technology (GIST) Initiative is a program run by the U.S. Department of State. It aims to help young innovators in over 130 emerging economies.

GIST offers training, networking, and funding chances to science and tech entrepreneurs. You can join pitch contests, workshops, and other events to grow your skills and connections.

The program has given out more than $1.5 million in startup resources since it began. This money helps new businesses get off the ground and tackle local problems.

GIST connects U.S. experts and companies with promising innovators worldwide. This link opens doors for both sides to work together and share ideas.

If you’re a science or tech entrepreneur in an emerging market, GIST could be a great fit for you. It provides tools and support to turn your ideas into real-world solutions.

Pros Cons Funding Maximum Eligibility
Global reach Limited to specific countries Varies by program Entrepreneurs in emerging economies
Networking opportunities High competition Focus on science and technology
Access to U.S. experts

Arch Grants startup competition

The Arch Grants startup competition gives new companies a chance to win money and support. You can get $75,000 without giving up any ownership in your business. This is great for startups that need cash to grow.

To enter, you must have a new business idea that can create jobs. The competition looks for companies that want to make a big impact. They pick winners from all over the world.

If you win, you get more than just money. You join a community of other startup founders in St. Louis. You can get help from mentors and experts. This can be very useful when you’re trying to grow your company.

The competition opens in February each year. You have about a month to apply. Make sure your application shows how your idea is different and exciting.

Arch Grants wants to help St. Louis become a hub for new businesses. By giving money to startups, they hope to bring more jobs and energy to the city.

Pros Cons Funding maximum Eligibility
No equity taken Must relocate to St. Louis $75,000 Early-stage startups

eBay Foundation Global Give Grant

The eBay Foundation offers a grant program called Global Give. This program gives money to groups that help people start and grow businesses. It focuses on people who often face challenges in becoming entrepreneurs.

In 2024, the Global Give program awarded $3 million to 30 nonprofits around the world. These groups work in places where eBay employees live and work.

The grants aim to support inclusive entrepreneurship. This means helping people from all backgrounds have a fair chance at business success.

One example is Global Sisters in Australia. They got money to expand their free business support programs for women. Their goal is to make economic security real for Australian women.

The eBay Foundation wants to do more than just give money. When possible, they try to connect eBay workers with these nonprofits for volunteer work.

Pros Cons Funding Maximum Eligibility
Supports inclusive entrepreneurship Limited to 30 nonprofits Part of $3 million total Nonprofits in eBay employee locations

Small Business Administration 7a loan

The SBA 7(a) loan program helps small businesses get funding. It offers loans up to $5 million for various business needs.

You can use these loans for working capital, equipment, or real estate. The SBA guarantees a portion of the loan, making it less risky for lenders.

There are different types of 7(a) loans to fit your needs. Options include Standard 7(a), 7(a) Small, and SBA Express loans.

Interest rates on 7(a) loans are typically lower than other business loans. Terms can be up to 25 years for real estate and 10 years for other purposes.

To qualify, your business must meet SBA size standards and operate for profit in the U.S. You’ll also need good credit and the ability to repay the loan.

The application process involves gathering financial documents and finding an SBA-approved lender. You can use the SBA’s Lender Match tool to find lenders in your area.

Pros Cons Funding maximum Eligibility
Lower interest rates Lengthy application process $5 million For-profit small businesses
Longer repayment terms Collateral may be required Good credit score
Flexible use of funds Stringent requirements Ability to repay

Small business exporters association trade financing

The Small Business Exporters Association (SBEA) helps small companies sell goods overseas. It’s part of the National Small Business Association, which supports over 65,000 members across the US.

SBEA offers trade financing options to make exporting easier. You can get loans to cover production costs or insurance to protect against buyer non-payment. These tools reduce risks when selling internationally.

Export Working Capital loans give you cash to fill large orders from foreign buyers. Export Credit Insurance guards against losses if a customer doesn’t pay. SBEA can connect you with these programs through partner banks and agencies.

The group also provides market research and trade leads. This helps you find good opportunities in other countries. You can join trade missions to meet potential customers face-to-face.

SBEA advocates for policies that benefit small exporters. It pushes for better trade deals and simpler regulations. The association gives small firms a voice in Washington on international trade issues.

Pros Cons Funding Maximum Eligibility
Access to financing Membership fees Varies by program Small US businesses

Community development block grant program

The Community Development Block Grant (CDBG) program gives money to cities and counties. It helps create better places to live and work.

The program focuses on helping people with low and moderate incomes. It aims to improve housing and living conditions in neighborhoods.

CDBG funds can be used for many things. This includes fixing up homes, building community centers, and creating jobs.

Cities with fewer than 50,000 people can apply. Counties with fewer than 200,000 people can also apply.

The U.S. Department of Housing and Urban Development runs the program. They give out grants every year based on a formula.

To get funding, cities and counties must show how they’ll use the money. They need to explain how it will help people with low incomes.

Small businesses can benefit from CDBG funds too. Some areas use the money to give loans or grants to local businesses.

Pros Cons Funding Maximum Eligibility
Improves communities Complex application process Varies by location Cities under 50,000 people
Helps low-income areas Limited funds available Counties under 200,000 people
Can [support small businesses](https://10web.io/blog/best-website-builders-for-small-businesses/) Strict reporting requirements Focus on low-income areas

The Barstool Fund grant

The Barstool Fund helps small businesses hurt by COVID-19. Dave Portnoy, who started Barstool Sports, created this fund. He gave $500,000 of his own money to kick it off.

The fund has raised almost $30 million. It has helped 167 small businesses so far. The money goes to businesses that need it most.

You can apply if you own a small business. The fund looks for businesses that kept paying workers during tough times. They want to help owners who have tried hard to stay open.

The Barstool Fund works with the 30 Day Fund. They use their system to take donations and give out money. This helps the fund run smoothly.

Pros Cons Funding maximum Eligibility
Quick help for businesses Limited funds available Varies Small businesses impacted by COVID-19

Lowe’s LISC Partnership grant

Lowe’s teamed up with the Local Initiatives Support Corporation (LISC) to offer grants to small businesses. This program aims to help companies stay open during tough times.

The partnership focuses on minority and women-owned businesses. These groups often face more challenges when seeking funding.

Lowe’s pledged $55 million to LISC for this initiative. The money goes towards emergency grants for small businesses in need.

The program started in urban areas but expanded to rural communities too. This reflects Lowe’s roots as a small rural business.

You can apply for these grants through LISC. They manage the application process and choose who gets the funds.

Pros Cons Funding Maximum Eligibility
Targets minority and women-owned businesses High competition for limited funds Varies by grant round Small businesses in select locations

The grants help businesses cover urgent needs like rent and payroll. They can also fund efforts to adapt to new safety rules.

Jumpstart economic development fund

The Jumpstart Economic Development Fund helps small businesses grow. This program gives money to companies that want to expand or start new projects. You don’t have to pay back these grants.

To get a grant, you need to show how your business will help the local economy. This could mean creating jobs or bringing new services to the area. The fund looks for businesses that will make a big impact.

Grant amounts vary based on your project and needs. Some businesses might get a few thousand dollars, while others could receive much more. The exact amount depends on what you’re planning to do.

You can use the money for different things. This includes buying equipment, hiring workers, or improving your building. The goal is to help your business grow and succeed.

Pros Cons Funding Maximum Eligibility
Free money for growth Competitive process Varies by project Small businesses with growth plans

Minority business enterprise certification

Getting certified as a minority business enterprise (MBE) can open doors for your small business. MBE certification shows that your company is at least 51% owned and run by a minority group member.

The process to get certified varies by state and organization. You’ll need to gather documents like tax returns, financial statements, and proof of minority status. You may also need to do an interview or site visit.

MBE certification can help you compete for government contracts. Many agencies set aside a portion of contracts for minority-owned businesses. Private companies often have supplier diversity programs too.

Some benefits of MBE certification include:

Pros Cons Funding Maximum Eligibility
Access to contracts Time-consuming process Varies 51%+ minority-owned
Networking chances Renewals required U.S. citizen/resident
Business growth Fees may apply For-profit business

To start the process, check with your state’s MBE office or groups like the National Minority Supplier Development Council. They can guide you through the steps to get certified.

Fencing Future small business grant

The Fencing Future small business grant helps fencing companies grow. This grant aims to boost the fencing industry and support new businesses.

You can apply for up to $10,000 in funding. The money can be used for equipment, training, or marketing. This grant is perfect if you’re starting a fencing company or want to expand.

To qualify, you must have been in business for less than two years. You also need a solid business plan. The grant favors companies that use eco-friendly materials or innovative techniques.

Applications open twice a year, in spring and fall. You’ll need to submit your business plan and financial projections. A panel of industry experts reviews all applications.

Pros Cons Funding Maximum Eligibility
Flexible use of funds Limited to fencing industry $10,000 New businesses (< 2 years)

California Small Business COVID-19 Relief Grant Program

The California Small Business COVID-19 Relief Grant program helps businesses and nonprofits affected by the pandemic. It gives out grants from $5,000 to $25,000.

You can apply if your business has been open since June 1, 2019. The amount you get depends on your yearly income. If you make $1,000 to $100,000, you can get $5,000. If you make $100,000 to $1 million, you might get more.

The state set aside $4 billion for this program. It’s the biggest grant program for small businesses in the country. The money is given out in several rounds.

If you apply but don’t get picked, don’t worry. Your application will be looked at again in the next round.

Lendistry manages the program for California. They handle the applications and give out the money.

To learn more or apply, check the program’s website. You can find details about who can apply and what papers you need.

Pros Cons Funding maximum Eligibility
Grants don’t need to be paid back Limited funds available $25,000 California businesses

Walton Family Foundation grants

The Walton Family Foundation gives money to help people and communities. They focus on making long-lasting changes. The foundation works with other groups to solve big problems.

You can apply for a grant from the Walton Family Foundation. First, you need to send them a letter about your project. If they like your idea, they might ask you to send a full proposal.

The foundation gives grants in different areas. These include education, the environment, and local communities. In 2019, they gave out over $525 million in grants.

To apply, you need to explain how your project fits their goals. You should show how your work will make a big difference. The foundation looks for projects that can create lasting change.

Pros Cons Funding maximum Eligibility
Large grant amounts Competitive process Varies by project Nonprofits and organizations

Youth business international global platform

Youth Business International (YBI) is a worldwide network that helps young entrepreneurs start and grow businesses. They work with over 60 organizations in different countries.

YBI focuses on people aged 18-35 who face challenges in starting businesses. They offer training, mentoring, and funding to these young entrepreneurs.

You might like YBI’s global reach and their focus on underserved youth. They aim to create jobs and boost local economies through entrepreneurship.

One downside is that YBI doesn’t directly provide grants or loans. Instead, they work through partner organizations in each country.

YBI stands out for its emphasis on sustainable and inclusive entrepreneurship. They help young people tackle community and environmental issues through business.

This platform is best for aspiring entrepreneurs aged 18-35 who need support to start or grow a business, especially in developing countries.

Pros Cons Funding Maximum Eligibility
Global network No direct funding Varies by country Ages 18-35
Mentoring support Limited reach Underserved youth

Kiva loans and matching grants

Kiva offers 0% interest loans to small business owners in the U.S. These loans are crowdfunded on their platform. You can borrow up to $15,000 to start or grow your business.

Some organizations partner with Kiva to provide matching funds. This means your loan could be doubled. For example, if you raise $5,000 on Kiva, you might get another $5,000 from a partner.

To apply for a Kiva loan, you fill out an online form. It takes about 30-60 minutes. A Kiva team member will then contact you to learn more about your business.

Kiva loans can help if you have trouble getting traditional credit. They don’t require a long credit history. This makes them good for new businesses or entrepreneurs new to the U.S.

Pros Cons Funding Maximum Eligibility
0% interest Limited funding amount $15,000 U.S. small businesses
No credit history needed Crowdfunding process
Possible matching funds

Opportunity Finance Network grant

Opportunity Finance Network (OFN) is a national network of community development financial institutions (CDFIs). They help low-income and underserved communities get affordable financial products and services.

OFN recently got a $2.29 billion grant from the EPA’s Clean Community Investment Accelerator program. This is the biggest grant OFN has ever received.

The grant will help OFN fund clean energy and climate projects in disadvantaged areas. You might benefit if you’re a small business in one of these communities.

OFN partners with investors and policymakers to support CDFIs. They aim to increase capital flow to places that need it most.

If you’re looking for funding in an underserved area, OFN could be a good resource. They work to strengthen local economies and create opportunities.

Pros Cons Funding Maximum Eligibility
Large funding pool Limited to certain areas Varies Businesses in underserved communities

The Coca-Cola Foundation economic empowerment program

The Coca-Cola Foundation runs a program to boost women’s economic power. This program helps women start and grow businesses. It gives them tools and training to succeed.

The program has reached over 6 million women in 100 countries. It helps women in many jobs, like shop owners, suppliers, and artists. The goal is to make women more financially stable.

Women get professional development and money skills training. The program focuses on women of color and early to mid-career women. It aims to help them grow their careers and earn more.

The foundation also works on other issues. These include clean water, recycling, and youth programs. But its work with women is a big part of what it does.

Pros Cons Funding Maximum Eligibility
Helps millions of women Limited to certain job types Varies Women entrepreneurs

AARP Community Challenge grant

The AARP Community Challenge grant program helps communities become better places to live for people of all ages. It funds quick projects that can make a big difference.

You can apply for grants ranging from a few hundred dollars to $50,000. Most grants are under $20,000. The average grant is about $11,900.

The program supports projects that improve public spaces, housing, and transportation. It also funds efforts that increase civic engagement and help communities become more livable.

Nonprofit groups and local governments can apply. The deadline is in early March each year. AARP picks projects that can be finished quickly and have a lasting impact.

Since 2017, AARP has given out many grants across the country. These projects have helped make communities more age-friendly and enjoyable for everyone.

Pros Cons Funding Maximum Eligibility
Quick funding Competitive $50,000 Nonprofits, governments
Immediate impact Short timeline

Hispanic Heritage Foundation Youth Awards

The Hispanic Heritage Foundation runs a program called Youth Awards. This program honors Latino high school seniors who do well in school and help their communities.

Students can apply for awards in different areas. These include community service, education, engineering, business, and science.

The Youth Awards started in 1998. They are now in their 26th year. The program gives money to students to help them continue their education.

To apply, students must fill out an online form. The deadline is usually in November. Winners get recognized for their hard work and skills.

These awards help support young Latino leaders. They celebrate students who make a difference in their communities. The program aims to encourage more Latino youth to pursue higher education and careers in various fields.

Pros Cons Funding Maximum Eligibility
Supports Latino students Limited to high school seniors Grant amount varies Latino high school seniors

Academy of Motion Picture Arts and Sciences FilmCraft grant

The Academy of Motion Picture Arts and Sciences offers FilmCraft grants to support filmmakers to start their production business and film-related programs. These grants aim to help underrepresented populations in the film industry.

FilmCraft grants fund professional development programs for aspiring filmmakers. They focus on various aspects of the filmmaking process, including writing, directing, and production.

You can apply for a FilmCraft grant if you run a film education program or organization. The Academy awards grants based on current needs and the potential impact of your project.

Grant amounts vary, but they can range from $5,000 to $200,000. The Academy gives out a total of $2.5 million in grants each year.

Pros Cons Funding maximum Eligibility
Supports underrepresented filmmakers Competitive application process $200,000 Film education programs and organizations

FilmCraft grants don’t fund the production or completion of films, except in training settings. They also don’t support television or non-theatrical media programs.

Operation Hope small business development program

Operation HOPE offers a program to help small business owners and entrepreneurs. They use a simple approach: educate, coach, and connect.

The program starts with group education sessions. A small business coach teaches you important information to support your business or turn an idea into a real company.

You get access to coaching and training to grow your business skills. The program also connects you with experts in areas like ecommerce, legal services, accounting, and marketing.

One cool thing about Operation HOPE is their 1 Million Black Businesses initiative. This aims to help start and grow 1 million Black-owned businesses by 2030.

Pros Cons Funding maximum Eligibility
Free coaching and training Limited time for free e-commerce platform Not specified Open to all entrepreneurs

Community Reinvestment Fund Ventures Finance

Community Reinvestment Fund (CRF) USA helps small businesses get loans. They work with partners to bring money to places that don’t usually get it.

CRF USA has been around for over 30 years. They use new tech and work with local groups to help business owners. Their goal is to make it easier for small companies to get fair loans.

You might like CRF USA because they focus on helping businesses in tough spots. They try to solve big problems that keep some people from getting loans.

One downside is that CRF USA isn’t a direct lender. This means you’ll work through their partners, which could take more time.

CRF USA stands out because they mix money, tech, and community support. This approach helps more businesses get the cash they need to grow.

CRF USA is best for small business owners who have trouble getting regular bank loans. If your business is in a place that doesn’t see much investment, they might be able to help.

Pros Cons Funding Maximum Eligibility
Access to underserved areas Not a direct lender Varies by program Small businesses in need

Colorado artist relief fund

The Colorado Artist Relief Fund helps artists in Colorado who are struggling due to COVID-19. It gives grants up to $1,000 to artists and companies working in many fields like visual art, music, and film.

To get a grant, you need to show that the pandemic has hurt your income. The fund aims to keep Colorado’s creative industries going during tough times.

This program is part of a larger effort in Colorado to support small businesses and arts organizations. The state has provided millions in aid to help them stay afloat.

Artists can use the grant money for basic living expenses or costs related to their work. This extra cash can make a big difference for people in creative fields.

Pros Cons Funding Maximum Eligibility
Direct financial help Limited funds available $1,000 Colorado artists affected by COVID-19

James Irvine Foundation Leadership Award

The James Irvine Foundation Leadership Award honors leaders who create innovative solutions to California’s challenges. These solutions aim to improve lives and create opportunities for residents.

The Foundation picks leaders who have made a big impact in California. They look for people who have new ideas to fix important problems in the state.

Winners get money and support to grow their work. The Foundation also helps share their ideas with other leaders and policymakers.

The award spotlights different types of leaders. They might work in nonprofits, businesses, or the government. What matters is that their work helps make California better.

You can learn about past winners on the Foundation’s website. Their stories show many ways to tackle tough issues in California.

The award helps good ideas spread. By sharing what works, it aims to inspire more positive change across the state.

Pros Cons Funding Maximum Eligibility
Recognizes innovative leaders Limited number of awards given Varies California-based leaders

NYC Women’s Fund for Media, Music and Theatre

The NYC Women’s Fund supports female artists and their businesses in film, TV, music, and theater. It’s run by the Mayor’s Office of Media and Entertainment (MOME) to address gender gaps in these fields.

The fund gives out millions in grants each year. In its fifth round, it will award $1.8 million. This brings the total to $9.3 million given to 343 recipients so far.

You can apply for grants in different categories. These include film, TV, theater, and music projects. The fund aims to help finish works in progress.

To qualify, you must give New Yorkers free access to your project for a limited time. This helps share your work with the local community.

The fund opens for new applications each year. It’s a great chance for women artists to get support for their creative projects in NYC.

Pros Cons Funding Maximum Eligibility
Supports women artists Limited to NYC Varies by project Female/female-identifying artists
Covers multiple art forms Competitive application process Projects in film, TV, music, theatre

The Awesome Foundation $1K grant

The Awesome Foundation gives out $1,000 grants to support cool projects. They have chapters in many cities around the world. Each chapter is made up of volunteers who donate their own money.

You can apply for a grant online. The application is simple and asks about your project idea. If chosen, you get $1,000 with no strings attached.

The foundation looks for creative, fun ideas that help communities. They fund all kinds of projects like art, technology, and social good. Past grants have supported things like public art, educational programs, and community gardens.

Grants are given out monthly in most chapters. There’s no limit on how many times you can apply. The process is quick, so you can get funding fast if selected.

Pros Cons Funding maximum Eligibility
Easy application Small grant amount $1,000 Open to anyone
No strings attached High competition
Quick decision Not all areas have chapters

Google for startups accelerator

Google for Startups Accelerator is a program that helps early-stage startups grow. It runs for three months and includes 10-15 top startups in each group.

The program offers Google products, expertise, and best practices to participants. You can get one-on-one support from Google staff to tackle technical challenges.

The accelerator mixes remote and in-person sessions. This setup lets you learn from Google while connecting with other founders.

You can use Google tools to reach more customers and improve your products. The program also teaches you how to run your business more efficiently.

Pros Cons Funding Maximum Eligibility
Access to Google resources Competitive selection process No direct funding Early-stage startups
Expert mentorship Time commitment required Specific technical challenges
Networking opportunities Limited spots available

Accelerate Blue Fund

The Accelerate Blue Fund (ABF) is an early-stage venture fund that invests in University of Michigan (U-M) licensed startups. It aims to help new companies bridge the gap between launch and angel/VC funding.

ABF focuses on startups based on U-M intellectual property. This fund supports a wide range of innovative ideas across different fields.

You might like ABF because it provides crucial support for promising U-M startups. It helps turn academic research into real-world products and services.

One drawback is that ABF only invests in U-M licensed startups. This limits the pool of companies that can benefit from the fund.

ABF stands out for its unique focus on university-based innovation. It plays a key role in bringing cutting-edge research to market.

This fund is best for U-M researchers and students with startup ideas based on university IP. It’s a great option if you’re looking to commercialize your academic work.

Pros Cons Funding Maximum Eligibility
Supports early-stage startups Limited to U-M licensed startups Not specified U-M licensed startups

Emergent ventures India

Emergent Ventures India is a grant program that supports entrepreneurs and innovative thinkers in India. It aims to boost ideas that can improve society and increase prosperity.

The program offers grants to people with unique, high-potential concepts. These ideas should focus on advancing liberty, opportunity, and well-being for Indians.

You can apply for funding if you’re at least 13 years old. The application process is simple. You’ll answer a few basic questions and submit a brief proposal.

Emergent Ventures India welcomes unusual ideas. They’re open to small requests that might not interest traditional funders. This makes it easier for you to get support for your project.

Shruti Rajagopalan leads the India branch of Emergent Ventures. The program has already funded several promising initiatives.

Pros Cons Funding maximum Eligibility
Supports innovative ideas Limited information available Not specified 13 years or older

Black founder startup grant

The SoGal Foundation offers a Black Founder Startup Grant. This grant helps black women and nonbinary business owners. It gives them money to grow their companies.

You can use this grant to reach your business goals. It aims to increase diversity among business leaders. The grant provides funding without taking any ownership in your company.

To apply, you must be a Black woman or nonbinary person who owns a business. Your company should use technology in some way. The grant amount varies, but it can give your startup a boost.

This program stands out because it focuses on underrepresented groups in tech. It’s a good fit if you’re just starting out and need initial funding. The grant can help you take your first steps as an entrepreneur.

Pros Cons Funding maximum Eligibility
No equity taken Limited to specific groups Varies Black women and nonbinary founders

Capital One business grant program

Capital One has launched a new grant program for small businesses. This program aims to help business owners who need financial support.

The company is giving out grants to different types of small businesses. Some grants are for $10,000. These are meant for black-owned businesses.

Capital One works with nonprofit groups to give out the grants. They team up with places like The DEC Network and the University of Texas at Dallas.

In 2022, Capital One ran a 12-week program in Dallas. It helped 10 local business owners learn new skills. This shows that Capital One wants to do more than just give money.

The grants can be used for many things. You might use them to buy supplies, pay workers, or grow your business.

To apply, you need to make a business profile on Capital One’s website. Then you can check if you qualify for any grants.

Pros Cons Funding Maximum Eligibility
Financial support for small businesses Limited number of grants available Up to $10,000 Varies by program

Impact Ventures ecosystem builders fund

Impact Ventures helps small businesses grow. They offer a special fund for groups that support entrepreneurs. This fund gives money to organizations that create better environments for small businesses.

The fund focuses on helping underserved communities. It aims to remove barriers that stop some people from building wealth through business. Impact Ventures has helped over 3,500 people since 2017.

You might like that Impact Ventures targets groups often left out of business support. They work to make entrepreneurship more inclusive. This can lead to more diverse and vibrant local economies.

One downside is that the fund doesn’t directly support individual businesses. It’s aimed at organizations, not entrepreneurs themselves. This means the help you get might be indirect.

Impact Ventures chose this approach to create lasting change in business communities. By supporting ecosystem builders, they hope to improve conditions for many entrepreneurs at once.

This fund is best for groups that help small businesses, especially those working with underserved entrepreneurs. If you run an organization that supports local business growth, you might be a good fit.

Pros Cons Funding Maximum Eligibility
Supports underserved communities Not for individual businesses Varies Organizations that support entrepreneurs

Canadian emergency business account grant

The Canadian Emergency Business Account (CEBA) helps small businesses affected by COVID-19. It offers interest-free loans up to $60,000.

You can get up to 33% of the loan forgiven if you pay it back on time. This means you might not have to repay the full amount.

CEBA has helped nearly 900,000 businesses and non-profits stay open during tough times. It’s a key part of Canada’s plan to support the economy.

The government recently extended the repayment deadline. This gives businesses more time to recover and pay back their loans.

To apply for CEBA, you need to show how COVID-19 hurt your business. You’ll also need to provide tax documents and bank information.

Pros Cons Funding Maximum Eligibility
Interest-free loan Limited funding amount $60,000 Small businesses and non-profits affected by COVID-19
Partial loan forgiveness Strict repayment deadlines
Extended repayment deadline Complex application process

Ford Foundation America’s Cultural Treasures

The Ford Foundation launched America’s Cultural Treasures in 2020. This initiative supports arts organizations and art-centered businesses run by people of color. It gives multi-year grants to help these groups during tough times.

The program has two parts: national and regional. It aims to recognize diverse artistic voices in the U.S. The grants provide vital funding to groups that have made big impacts on American culture.

Many other foundations joined Ford in this effort. Together, they committed $156 million to the cause. This money helps keep important cultural institutions alive and thriving.

The grants focus on Black, Latinx, Asian, and Indigenous arts groups. These organizations often struggle to get funding. America’s Cultural Treasures wants to change that.

You can learn more about this program on the Ford Foundation website. They share details about who can apply and how the grants work.

Pros Cons Funding Maximum Eligibility
Supports diverse arts groups Limited to specific cultural backgrounds Varies Arts organizations run by people of color

Visa Foundation’s Equitable Access Initiative

Visa Foundation launched a $200 million Equitable Access Initiative in 2020. This fund aims to help small businesses, with a focus on women-led and diverse companies.

The initiative includes $60 million in grants and $140 million in impact investments. It supports small and micro businesses that face barriers in the financial world.

You can benefit from Visa’s program if you own a small business, especially if you’re a woman or minority entrepreneur. The fund provides money, business support, and tools to help you grow.

Visa also offers the She’s Next program. This gives $10,000 grants to women-owned small businesses in some countries. The program includes mentoring and networking chances too.

Pros Cons Funding maximum Eligibility
Focuses on diverse businesses Limited availability Varies by program Small businesses, women and minority-owned

SBA Community Advantage Program

The SBA Community Advantage Program helps small businesses get loans. It’s part of the Small Business Administration’s efforts to support entrepreneurs.

This program focuses on underserved communities. It aims to give more people access to funding for their businesses.

You can borrow up to $350,000 through this program. The money can be used for various business needs.

The program works with special lenders. These include Community Development Financial Institutions and other community-based groups.

To qualify, your business must meet SBA size standards. You also need to show you can repay the loan.

The SBA recently made this program permanent. This change will help more small businesses in the long run.

Pros Cons Funding Maximum Eligibility
Focuses on underserved communities Limited loan amount $350,000 Must meet SBA size standards
Works with community-based lenders May have strict requirements Must show ability to repay

Operation Jump-Start grant program

Frederick County offers the Operation Jump-Start grant program to help local businesses. This program gives money to small businesses and farmers in the area.

Full-time farmers can get $6,000 grants. To qualify, farmers must earn most of their income from farming.

Small businesses can receive $10,000 grants. These one-time funds can help with various business needs.

The program aims to support the local economy and help businesses grow. It’s part of Frederick County’s efforts to boost economic development.

To apply, businesses need to be located in Frederick County. They must have faced financial challenges recently.

Pros Cons Funding Maximum Eligibility
No repayment required Limited to Frederick County $10,000 for businesses 51%+ operations in Frederick County
Supports local economy One-time funding only $6,000 for farmers Must have financial need

Conclusion

Small business grants offer a valuable opportunity for entrepreneurs to secure funding without the burden of repayment. Whether you’re a tech startup, a rural business, or a minority entrepreneur, the variety of grants available in 2025 means there is likely a program that suits your specific needs. 

By understanding the different types of grants, preparing a strong business plan, and avoiding common application mistakes, you can increase your chances of securing the funding necessary to take your business to the next level. With perseverance and attention to detail, small business grants can be a game-changer, allowing you to grow and thrive in today’s competitive market.

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