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Women Entrepreneurs are an important part of business world, but there are far to many insurmountable obstacles and many have fallen behind the male counterparts in business ownership and earnings. While there are many successful women entrepreneurs, women continue to under represented in the business world. They earn less for the same work than a male colleagues.
Women business owners have a more challenging time in securing business loans or other forms of finance as they they try to develop credit and grow their business.
The grants listed below are various options to assist in this problem. These small business grants for women and other resources could be just the thing to take your business to the next level if you just starting out or building a business.
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How Does Business Grant Work?
If you are unsure of how grants works, its important to know how and as a small business owners. There are funds granted by local, state and federal governments and private foundations and corporations to help small business entrepreneurs, particularly women, to start and grow their business. Before applying, understand the rules and restrictions to ensure you use the funds for you need in your business.
Grants can be better than bank loans or credit cards. It's free money that you may not have to pay back. Do your research and understand your business inside and out, and you could have a higher chance of securing funding for your business.
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Through my research, there are some options for Small Business Grants for Women. I would mention about 4 resources. Since COVID 19 Pandemic, funding for small businesses has changed dramatically, and so there is a need to educate yourself on the available options out there.
1. Amber Grant
According to their website, the Amber Grant was founded in 1998 by WomenNet. The grant was created with one goal in mind and that was to "honor a special young woman Amber Wigdahl, who died at 19 years old before realizing her business dreams". In recognition of the diversity of businesses owned by women, they have proudly given away $30,000 every month in Amber Grant money. How do you apply for an Amber Grant? It is simple and it takes just a few minutes to complete the application. Take a few minutes to talk about yourself and your business dreams, the deadline is at the end of every month. Click here for application. The application fee is a reasonable $15 and women can easily apply online each month. Visit the website...Click here
2. Tory Burch's The Fellow Program
Tory Burch founded the Fellow Program to help women-owned businesses. Only 50 women entrepreneurs will be selected to join the year-long program. It includes access to educational resources and workshops, networking opportunities, and more. You must be 21 years or older to apply. A legal resident of the United States. To apply is usually around November 12 of every year. A woman entrepreneur who owns the largest or equal stake in the business (51%) or more that is 100% owned and controlled by women. Proficient in English...Read more.
3. Girlboss Foundation Grant
The Girlboss Foundation Grant was founded by Sophia Amoruso in 2014 and has given away over $130,000 worth of grants to women entrepreneurs making an impact. Each grant winner receives $15,000 in funds towards their business, plus added exposure on the Girlboss platform--Website, newsletter and social media platforms. To learn more, visit their website. Click here.
4. The Halstead Grant
This grant for women entrepreneurs has been in the jewel industry for about 13 years. This grant was designed for businesses less than 3 years old. This is prefect for start ups. Business may get a $7,500 grant and other $1,000 if they use Halstead supplies and receive their business plans to continue developing as business owners. To see if you qualify please visit their website. Click here.
For information on small business grants for women in 2022 and other grants, visit the FundThrough website. Click here.
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Final thoughts
There may not be a lot of small business grants available for women in business, who wants to start or build a company, but the examples listed above should help to get you started. Make sure you understand the requirements for any grants should you apply for them, and if you do decide please submit your application on time. If grants are not for your business, then look into other options, for example, crowdfunding.
If you love this post, please don't forget to share it, so that others can learn and benefit from my post. Thanks in advance. Don't forget to share your thoughts in the comments below.
Nicole
Stay Fancy🌹
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