Are You a Woman Planning to Start Your Own Business? Check Out These Grants

Written by:  • Edited by: Jean Scheid
Updated May 3, 2011
• Related Guides: Loans

We have all heard the proclamation that there are millions of dollars to be had in grants but is this true? Does the government really have millions set aside to help you start up your own business? What if you are a women – Are there special grants just for you to own your own business?

According to the United States Department of Health and Human Services, “The principal purpose of a grant is to transfer money, property, services, or anything of value from a federal agency to the recipient in order to accomplish a public purpose of support.” In other words, grants are offered by the government to business individuals if they are able to better their community by providing needed products, services, and/or jobs.

Where to Find Grants

Grants for Women Starting a Business
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There are various organizations that help find grants for women starting a business. Often times the entrepreneur will need to do the initial start-up on their own and they will need to provide a business plan with detailed market analysis and a description of how this business will help the community.

The U.S. Small Business Administration helps the Women’s Business Centers around the country provide grants and other services to women entrepreneurs. The Women’s Business Centers have at least one office in every U.S. state and territory.

The Economic Development Administration, a division of the U.S. Department of Commerce, also aids women entrepreneurs in obtaining grants, loans and other tools for success. Their website provides a wealth of information on various programs, application requirements and other funding opportunities.

SCORE, the Service Corps of Retired Executives, is another excellent source of information on small business grants and loans. SCORE offers classes and workshops on a variety of business aspects, which will be helpful when applying for a government grant. They also have a mentor program where you can meet up with a SCORE volunteer online or in person to garner even more business related knowledge.

Www.WomenEntrepreneur.com has a large collection of articles specifically tailored to women entrepreneurs. There is information on advertising, marketing, strategy, loans, grants and franchises that are geared toward women owned businesses and start-ups.

How to Apply

The application process varies for each grant but you will always need an in depth business plan that includes a market analysis, Cost and Profit Projection, and information on how your business will benefit your local area. In most cases it will be easier to find a grant for starting up a specific type of business, but there are grants targeted to women entrepreneurs – the search is just a little more in depth. You may want to find a grant Writer or advisor in your area that can help find grants that are best suited for you.

Sources:

United States Department of Health and Human Services

House Committee on Small Business

U.S. Small Business Administration – Women’s Business Centers

U.S. Department of Commerce – Economic Development Administration Women Entrepreneur


Comments

Showing all 3 comments
 
Beatrice Masaoe Feb 24, 2011 6:45 AM
gGrants for Women Starting a Business
I want to send our business plan in order to get grant to our business. Iam a women from Tanzania.

Please help me to get the grant.

Your
Beatrice
Joe Aug 22, 2010 10:20 AM
great read
good advise thanks very detailed and informative a great read recommended. jf seo
Elisa Napier` Feb 18, 2010 3:57 PM
RE: Are You a Woman Planning to Start Your Own Business? Check Out These Grants
start a small business
 
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