Tag: grants

Canadian Government Funding – Small Business Grants #business #financing #options

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Canadian Government Funding for Small Businesses

Mentor Works has worked with hundreds of SMEs across Canada to solve one wide sweeping issue: cash flow planning. The challenge facing most Canadian businesses is how to find and take advantage of suitable Canadian government grants and loans to assist with their cash flow and accelerate their growth. Browse a list of top small business funding programs to find out what your businesses can leverage:

List of Canadian Government Grants and Loans for Small Businesses

We have created a table of some of the most popular government grants for small business units in Canada, including repayable funding options, splitting them up into:

Each program has specific and unique eligibility criteria that you should review prior to applying to ensure your business and project are eligible. If you would like information on a specific program, please click on the program name to learn more. Have questions about the program? Fill out the form at the bottom of the program page, call our toll free number (1-888-599-3111), or send us a message via our Contact Form .

Government
Funding
Program

Receive up to $100k in grant funding towards an industry post-secondary collaborative research project to create new water technologies that will:

  • Commercialize new water technologies
  • Bring new water technologies to market
  • Tap into the global water demand

Industry-led Research Development Stream: Supports pre-commercialization R D, leading to new agri-based products, processes, and practices.

  • Combines industry, academia, government expertise to promote innovation
  • Scope may be national, regional, or localEnabling Commercialization Adoption Stream: Accelerates the rate of identification, assessment, development and adoption of innovation-based products
  • Commercialization projects of a new product or innovation
  • Technology adoption projects to improve internal operations or end products

Provides non-repayable funding support to Canadian agriculture, agri-food, fish, and seafood industries by allowing them to identify market priorities and carry out marketing activities to develop export opportunities:

  • Development and production of advertising materials
  • Trade shows, conferences, and trade missions
  • Implementing marketing and branding plans

Apprenticeship Job Creation Tax Credit

Supports the training and certification of new trades apprentices through wage subsidies. Credit covers the training of new trades employees.

Apprenticeship Training Tax Credit (Ontario)

Incentive to allow SME s to hire new apprentices in trades.

  • Register new trades apprentices in sectors where there is high demand for skilled workers

Automotive Innovation Fund (AIF)

Supports the development of innovative, fuel-efficient new automotive products and processes to:

  • Create knowledge-based jobs in Canada;
  • Improve automotive sustainability and environmental impacts; and
  • Improve Canada s competitiveness.

Automotive Supplier Innovation Program (ASIP)

Provides research and development grants to assist with innovative automotive product development. Ideal projects activities:

  • Prototyping;
  • Product engineering; and
  • Pre-commercialization testing and validation.

Build in Canada Innovation Program (BCIP)

The Build in Canada Innovation Program is a first purchase program offered by the Canadian government.

  • Pre-commerical, innovative product or service opportunity to bridge the commercialization gap
  • Must be of use to the Canadian government by improving efficiency and effectiveness

Receive up to 66% or $10K in training grants per trainee to enhance your workforce.

  • Most training that improves skillsets and career advancement is eligible.
  • Training can be carried out throughout the calendar year.
  • Program available from 2014-2020 with an annual funding pool of $192M in Ontario.

Grant for developing, producing, and promoting innovative, interactive software development projects including apps and video games.

  • 3 streams: Development, Production or Marketing Promotion
  • Covers up to 75% of eligible costs up to $400k/$1 million
  • Canadian companies can apply if ≥75% of content is developed in Canada

Small businesses with $10M in annual gross revenues can receive loan funding for expansion activities up to $1M.

  • Competitive interest rates
  • Can apply at a financial institution or credit union
  • May require a business plan





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Grants, funding and assistance – Business Tasmania #entrepreneurial #ideas

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business.tas. gov.au

Last updated on August 31, 2016

Grants and other funding programs may be available from the Australian, State and Territory governments and, in some cases, from local councils.

Generally there are few grants available for starting a business, and those available are competitive or only available for specific circumstances.

There is, however, a range of assistance including grants available for business activities such as expanding your business, innovation, exporting, and research and development.

Below is a listing of grants and funding sources put together by Business Tasmania. We make every effort to provide accurate and up-to-date information. We have also provided links to sites that give a comprehensive list of government grants.

Please Note
The Department of State Growth has received a number of reports of private operators approaching businesses selling information about government business grants. This information is publically and freely available on this page and the Federal Governments website www.business.gov.au

No Australian government, federal, state or local, charges an online fee for any information on grants and funding.

Flood Recovery Assistance

The State and Federal Governments are providing assistance for businesses and communities affected by the June and July floods. Details are available on the TasAlert website .

General





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Where to Find Small Business Grants for Women #small #business #start #up

#business grants for women

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Where to Find Small Business Grants for Women

Do you think financing a small business’s startup and expansion is as easy as obtaining a free grant from the government? You might (almost) be excused for believing that Uncle Sam is handing out bags of free money to anyone with two X chromosomes. In addition to late-night infomercials about government grants, dozens of articles full of misinformation about small business grants for women can be found online, full of vague terms and hazy promises like “The government offers a wide range of grants for women entrepreneurs.”

Well, I hate to be the bearer of bad news, but as the saying goes, “If it sounds too good to be true, it probably is.” Small business grants for women are few and far between. Why? Here’s what you need to know.

The Federal Government Doesn t Provide Grants for Starting and Expanding a Business

First, to quote from the SBA’s website, “ The federal government does NOT provide grants for starting and expanding a business. ” Instead, the federal government gives grants to non-commercial entities, such as universities or nonprofit organizations.

How did the misconception that the government provides small business grants arise? Perhaps it’s because the federal government does make grants to help state and local governments, which often turn around and use those funds to offer grants to organizations that help small business owners. In other words, if you started a nonprofit to help women start businesses, you might be able to get a government grant for that. But you can’t get a government grant to start a business yourself.

According to the SBA, some states do provide grants to businesses whose work benefits the region and its residents. For instance, you might be able to get a grant if your business helps develop energy-efficient technology that helps the state and its residents save money, or if you are expanding a child-care center (enabling more residents to work and support themselves). Even in these limited cases, however, the grants are rarely “free money.” You may be required to match the funds with an equal amount of your own capital or with a loan, for example. To search for this type of grant, visit the official government grants website, Grants.gov, and check out their section for grant applicants to see if you are eligible. (There are no small business grants for women on this site that aren’t also open to men, but there are some for small businesses.)

The 4 Best Small Business Grants for Women

Knowing the options are limited, let s talk about where women entrepreneurs can find funding. Here are a (very few) small business grants for women to investigate.

  • Eileen Fisher Women-Owned Business Grant Program: Fashion designer Eileen Fisher launched these small business grants for women in 2004. Today the company awards $100,000 in total grants annually to 10 women-owned businesses beyond the startup stage (maximum $10,000 per recipient). Learn more about eligibility and the application process here .
  • Amber Grant . Launched by Womensnet.com in 1998 to honor the memory of a young woman who died before she could fulfill her entrepreneurial dreams, this program makes a $500 grant to one qualifying woman business owner each month; one of those women receives a $2,000 grant at the end of the year.
  • IdeaCafe Grant . IdeaCafe awards $1,000 grants to small business owners. Although the grant is not for women only, the vast majority of the winners have been female.
  • Grants and Scholarships for Women (GrantsforWomen.org): You can search this database of scholarship opportunities and grants for women, but be forewarned—most are for non-business purposes.

As you can see, these grants are so small that your time may be better spent in figuring out ways to grow your business without them.

When you’re seeking a grant, watch out for scams. If you’re asked to pay money or sign up for some kind of subscription to access a listing of small business grants for women, beware.

Your best bet in seeking a grant to start or expand your business? Talk to your local Small Business Development Center (SBDC) or SCORE office. These organizations are plugged into the local financing community and will be able to guide you if, indeed, there are any small business grants for women in your area from local corporations, philanthropic or economic development organizations. You might also want to look into SBA loans for women. an affordable kind of financing for female small business owners.





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Government Grants and Loans Opportunities for Women #business #email

#business grants for women

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The Top 3 Financial Resources for Women Entrepreneurs

According to a recent article written by Bernadeen McLeod, Women entrepreneurs face unique challenges when starting their own businesses. Lack of adequate information, especially related to small business financing, and a lack of female mentors are often cited as the two most important barriers. Despite these challenges women entrepreneurs are one of the fastest growing business segments in Canada.

  • Women-run companies create new jobs 4 times faster than the national average
  • Women create companies at double the national average
  • The number of women with incorporated businesses more than doubled in the past decade

To continue this accelerated growth and to allow women entrepreneurs to remain competitive there are a number of programs available across Canada that are developed specifically to assist women in starting and running successful businesses.

RBC’s Women Entrepreneurs Programs for Small Business Owners

The Royal Bank of Canada (RBC) has specifically developed advice and services to meet the needs of women entrepreneurs. Financing is available through the bank as well as additional resources and expertise. Through their Small Business Financial Services Resource Centre women entrepreneurs can access a wide variety of information and assistance in starting and expanding a business as well as succession planning for their retirement. They also provide one-on-one strategic advising for women entrepreneurs to ensure that their businesses are successful.

RBC has also developed the RBC Canadian Women Entrepreneur Awards allowing female entrepreneurs to celebrate one another and network. By celebrating women entrepreneurs RBC hopes to provide significant profile of the importance of female entrepreneurs on the Canadian economy.

Ontario Business Loans: Micro-lending for Women Entrepreneurs

Update. Micro-loan programs for women have been expanded. Accessing the link below will assist women in Ontario to find a micro-loan program for their region.

In January 2013, the Ontario government released $760,000 for a two year program to assist more than 800 low-income women become entrepreneurs. The initiative led by the Women’s Issues Minister Laurel Broten, includes financial training and microloans of $500 to $5000. This funding has been given to a number of community organizations across Ontario to support micro-lending programs and business advisory programs to low-income women looking to start their own small businesses.

Small Business Networks for Women Entrepreneurs

In a number of Canadian provinces including Saskatchewan. Alberta and British Columbia have Women Entrepreneur or Women Enterprise Centres. These organizations provide women starting or growing their small businesses with business services and resources to ensure they are successful. Their teams are trained to understand and related to the unique circumstanced of women business owners and typically include mentoring from other women entrepreneurs.

Mentor Works Supports Small Business Owners with Free, Valuable Information on Government Funding Programs

In order to be successful, women entrepreneurs need access to up-to-date information and resources. Mentor Works provides information on popular government funding programs including small business grants and loans. To stay up-to-date on Canadian government funding and business news, you may subscribe to our Small Business Funding Newsletter . We also provide a variety of tools, tips, and support services for female-led startups seeking business funding via our Startup Resources page.





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Small-Business Grants for Minorities: 9 Opportunities #fast #business #loans

#minority small business grants

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Small-Business Grants for Minorities: 9 Opportunities

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

Minority business owners face challenges when starting or expanding a small business, including access to affordable small-business loans. Grants and financial assistance can help bridge the funding gap.

Here are some of the best small-business grants and other useful financing resources for minority-owned businesses. NerdWallet also has compiled a list of the best small-business loans for minorities .

  • Grants.Gov . This website allows grant seekers to find and apply for federal funding opportunities. It contains information on more than 1,000 grant programs across all 26 federal grant-making agencies, including the Department of Commerce and the U.S. Small Business Administration.
  • The USDA Rural Business Enterprise Grant Program . This is a grant for the development or expansion of small businesses in rural areas — minority or not. To qualify, you’ll need to have fewer than 50 employees, less than $1 million in revenue and be located in an eligible rural area. Grants range from $10,000 to $500,000.
  • National Association for the Self-Employed . This is a nonprofit association that’s a good resource for all small-business owners. It provides educational resources and grants, and in 2015, it will have awarded more than $48,000 in grants to small businesses. To apply for a grant of up to $4,000, you’ll need to become an active member of the association, provide a detailed explanation of how you’ll use the funds, show how the grant will support your business growth, and provide some supporting documentation.
  • FedEx Small Business Grant Contest . This annual grant contest by FedEx awards 10 small businesses with grants of up to $25,000. Any for-profit small business that has been in operation for at least six months is eligible to enter.
  • Small-Business Innovation Research and Small Business Technology Transfer Programs . These two programs provide contracts and grants for startups that are looking to commercialize innovative biomedical technologies.
  • Minority Business Development Agency . This agency of the U.S. Department of Commerce promotes the growth of minority-run small businesses by connecting owners to financing resources, federal contracts and market opportunities. The White House announced in August that the MBDA would partner with two organizations to launch the Minority Business Enterprise Technology Initiative, which aims to help aspiring technology entrepreneurs bring new products and services to market.
  • National Minority Supplier Development Council . The council is a corporate member organization focused on increasing business opportunities for certified minority businesses. The council also operates the Business Consortium Fund. which offers a variety of financing programs and business advisory services for certified minority-owned businesses.
  • SBA 8(a) Business Development Program . Socially or economically disadvantaged small-business owners are eligible to receive help through this Small Business Association program, which provides business development assistance, training workshops and management and technical guidance. To qualify, a small business must be at least 51% owned and controlled by a citizen who has been subjected to cultural bias or prejudice and placed at an economic disadvantage because of race or ethnicity.
  • Operation HOPE Small-Business Empowerment Program . This program is designed for aspiring entrepreneurs in low-wealth neighborhoods, which often include minority communities. It provides access to small-business financing options, as well as help with setting up a business plan and financial statements, credit counseling and educational resources.

Find and compare small-business loans

If you’re looking for financing, NerdWallet has come up with a list of the best small-business loans to meet your needs and goals. We gauged lender trustworthiness, market scope and user experience, among other factors, and arranged them by categories that include your revenue and how long you’ve been in business.

For free, personalized answers to questions about financing your business, visit theSmall Businesssection of NerdWallet’s Ask an Advisor page.

This post was updated. It was originally published Dec. 3, 2015.

Image via iStock.

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Government grants for small businesses #e #business

#government grants for small businesses

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Mr Mark Brennan commenced in his role as the Australian Small Business Commissioner on 2 January 2013.

Dr Craig Latham commenced in his role as Deputy Small Business Commissioner on 21 May 2013.

The role of the Australian Small Business Commissioner is to represent small business interests and concerns to the Australian Government.

There are Small Business Commissioners in Victoria, New South Wales, Western Australia and South Australia.

If you are in a business dispute, Dispute Support can assist you to find the right dispute resolution service

A good understanding of your dispute will help you to make informed decisions about the best way to try to resolve the dispute.

Tips from the Australian Small Business Commissioner to help you build strong business relationships and avoid disputes

Find out about dispute resolution services available in your state or territory.

There are publications available to assist you to understand, manage and prevent disputes.

It is difficult to know where to begin when starting your own business. It’s important to consider whether you really understand what’s involved and that you are aware of your tax and legal obligations.

Are you are thinking about expanding your business? Here are some suggestions that could help you grow your business.

Once you decide to sell or pass on your business, you need to consider how much your business is worth, the best time to sell and whether you should make use of a broker or other professionals to maximise selling opportunities.

There are resources available to assist you with starting and growing your business.

The family business sector accounts for 70% of all businesses in Australia.

Family Business Australia’s top ten tips for surviving a family business.

Family Business Australia’s best practice principles for family business.

Read case studies from family businesses.

Find out about upcoming events and training tailored for family businesses

Find answers to the most frequently asked questions about starting, growing and exiting a business.

Planning should always be the first step in developing a business.

Checklists that contain a series of questions to guide you through the various stages of setting up your business including before you start, when you start, when you buy and when you run your business.

Links to help guide your business.

View news articles from the Australian Small Business Commissioner.

Find out about upcoming small business events that Commissioner and his Office are involved in.

Keep up to date with the Commissioner’s newsletter.

View submissions and reports by the Office of the Australian Small Business Commissioner

The latest small business news from across the Australian Government, including ACCC, ASIC, ATO and business.gov.au

View blog posts from the Australian Small Business Commissioner.

View series of related blog posts.

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Small Business Grants: The Facts and the Fiction #best #business

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Small Business Grants: The Facts and the Fiction

I say for the most part because government grants for small businesses do exist, but the opportunity to secure one is limited to a narrow field of candidates.

Here’s what you need to know about government grants for small businesses, who is eligible to receive them, and how to go about getting them.

What grants are available?

Before diving into the types of government grants available to small businesses, let’s start by establishing what the government does not provide grants for.

The federal government doesn’t provide grants for any of the following activities:

  • Starting and expanding a business
  • Paying off debt
  • Covering operational expenses

However—and here’s the twist—the federal government does award grants to small businesses in certain fields and industries (for example, scientific, environmental, and medical research). The Small Business Innovation Research (SBIR) program, for example, is one of the most lucrative sources of federal grants for high-tech startups or high-growth firms (more on SBIR below).

The reason why federal grants are largely off-limits to small businesses is that they are funded by our tax dollars and appropriated through Congress and The White House. Fund allocations are tightly controlled and only awarded to business endeavors that are closely tied to the agenda of a particular government agency, such as the U.S. Department of Agriculture or the U.S. Department of Energy.

Outside Washington, things don’t get much better. Although some state and local government agencies do award small business grants—which they often call discretionary inventive grants —these state grants are also closely aligned to agency objectives and tend to be limited to larger companies.

How to find and apply for small business grants

If you think your business may qualify for a grant, the resources below can help you with your search:

Federal grants

Grants.gov is Uncle Sam’s central repository and searchable database of over 1,000 different grant programs. To narrow down your search to small business grants, navigate to the “Browse Eligibilities” tab and select “Small Businesses”.

State and local grants

Contact your state economic development agency for information about discretionary incentive grants.

Corporate and nonprofit grants

Small business grants are also available from select nonprofits (WomensNet. for example) and corporations, such as the Intuit “Love our Local Business ” campaign.

SBIR grants for R D businesses

As mentioned above, if your small business is engaged in research and development (R D), you may be eligible for a Small Business Innovation Research (SBIR) grant. SBIR is a federal program, overseen by the U.S. Small Business Administration (SBA), that awards grants and government contracts to stimulate high-tech innovation and grow the economy by supporting the R D necessary to develop and commercialize innovative technological products. In 2010, SBIR awarded approximately $2 billion in research funds, with more than half the awards going to businesses that employed fewer than 25 people.

While the eligibility criteria for an SBIR grant is pretty straightforward—businesses need to be more than 50 percent American-owned, located in the U.S. and have fewer than 500 employees—securing a grant requires some effort. First, you’ll need to prove that your efforts are aligned with federal R D goals by searching advertised agency solicitations on the SBIR website. Next, submit a proposal outlining the technical merits and benefits of your venture. If you are successful, you’ll then enter a phased R D process. You can read more about this phased approach on SBIR.gov .

The bottom line

Hopefully this information cleared up any misconceptions you may have had about small business government grants.

If you need an injection of capital, don’t waste your time falling for the promises of late-night “free government money” infomercials, and instead use your energies to investigate other sources of financing.

If you don’t qualify for a bank loan, consider an SBA loan, which can be easier to secure than a standard bank loan. An SBA loan is funded with money that comes indirectly from the SBA—first the SBA makes a guaranteed loan to your bank, which then makes a small business loan to you, the business owner. This approach allows the bank to take on a little more risk than they otherwise might be able to afford.

This article is part of our Business Funding Guide. fund your business today, with Bplans.

How LivePlan makes your business more successful

If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.

Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.





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Government Grants – domestic grants and government incentives #home #business

#government grants

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Government Grants

Boiler grants

As part of the Government funded energy efficiency scheme, boiler grants are being allocated throughout the UK. Energy suppliers will install a free replacement boiler in qualifying households.

UK Homeowners and private tenants in the UK may be eligible for a grant to replace their old, inefficient heating system with a new A-rated condensing boiler as part of the Energy Company Obligation (ECO) scheme, a Government initiative which obliges the six main energy providers to provide energy saving measures to reduce carbon emissions and reduce your bills.

The funding available depends on the estimated saving in your home by fitting a new boiler. The greater the savings, the higher the funding is likely to be. You may eligible for a grant to cover 100% of the replacement cost or a significant part-payment.

Attic room insulation grants

The latest Government backed grant announced recently under the The Affordable Warmth scheme, a Government initiative which places an obligation on the ‘big six’ energy companies to contribute towards the improvement of the heating and insulation of British homes.

If you have an attic room (accessed by a solid staircase) you could be eligible for significant improvements to bring the attic space up to current building regulations. More.

Government ECO grants

Utility funded grants are currently available for the following measures:

  • Loft Insulation grants
  • Cavity wall insulation grants
  • Boiler replacement grants

100% grants covering the whole of the installation costs are available for most areas of England Scotland and Wales regardless of the utility company you use. More details can be found on the Free Insulation page.

Grants available from this website are for England, Scotland and Wales. Other schemes may run in Northern Ireland but cannot be applied for here.

2016 Government Grants UK. A source of information regarding government grants for UK residents, including home energy efficiency measures.
This website is an information site operated by IMK, 32 Joseph Wilson Ind Est. Whitstable. Kent. CT5 3PS.
Registered in England, No. 07478291.

Grants available from this website are for England, Scotland and Wales only.
Other schemes may run in Northern Ireland but cannot be applied for here.

Government Grants and eco schemes for UK households including insulation grants, heating grants and energy efficient methods.

32 Joseph Wilson Ind Est
Whitstable
Kent
CT5 3PS
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Small-Business Grants for Women: 10 Go-To Spots #online #business #classes

#small business grants

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Small-Business Grants for Women: 10 Go-To Spots

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

If you’re starting a business and need outside financing, it’s natural to be wary of small-business loans. Why take on debt if you can get a grant that you won’t have to repay?

But small-business grants for women — or men, for that matter — can be hard to come by. “There’s not a pot of free money,” says Michelle Somes-Booher, a business consultant at the Small Business Development Center in Madison, Wisconsin.

If you need business financing, two more likely options are business credit cards and small-business loans for women. The competition is fierce for small-business grants, and it takes a lot of time and effort to find them and complete the applications. However, if you’re up for the challenge, the payoff can be worth it. Here are 10 places women entrepreneurs can look for small-business grants.

Federal small-business grants for women

The federal government offers some grants for small-business owners, but they’re designated for very specific purposes, such as certain research and development projects or for businesses in rural areas. Government grants can’t be used to cover startup costs or day-to-day expenses, and most aren’t earmarked specifically for women.

Grants.gov is a database of all federally sponsored grants. You can search for small-business grants here — just make sure you filter the results on the left side of the page to view grants specifically for small businesses.

2. InnovateHER Challenge

The U.S. Small Business Administration hosts an annual competition for businesses with a marketable product or service that positively affects women s lives. To participate, you must first enter and win a local InnovateHER Challenge to advance to the national semifinal round. The top three national finalists will win $40,000, $20,000 and $10,000, respectively.

3. Small Business Innovation Research and Small Business Technology Transfer programs

The SBA facilitates these two competitive programs, which ultimately provide grants to small businesses that contribute to federal research and development. Eleven federal agencies, including the departments of Agriculture, Defense, and Health and Human Services, post grant opportunities on their websites. You can search all grant opportunities on the SBIR website.

State and local small-business grants

Because federal small-business grants are limited in number and often very competitive, you may have better luck looking for grants at the state and municipal levels. You’ll have to do your own research to pinpoint specific grant programs in your area, but here are some places to look:

4. Women’s Business Centers

The SBA sponsors about 100 Women’s Business Centers nationwide, designed to help women entrepreneurs with business development and access to capital. Some, such as the California Capital Financial Development Corp. lend money directly, while others simply help you find small-business grants and loans that you may qualify for.

5. Economic development agencies

Every state and many cities have economic development agencies focused on promoting a strong local economy. Even if the agency itself doesn’t offer a small-business grant, it will likely be able to point you in the right direction.

6. Small Business Development Centers

There are hundreds of these SBA-sponsored centers around the country, typically housed at colleges and universities. SBDCs offer free, one-on-one business consulting. Set up a meeting with your local SBDC advisor, who will be able to tell you about grants and other business financing opportunities in your area.

Private small-business grants for women

Some private organizations and businesses have created national grant programs for women small-business owners. Here are two to look into:

The Amber Grant Foundation awards $500 to a different women-owned business every month. At the end of each year, one of the 12 grant winners is awarded an additional $2,000. The application is relatively simple: Explain what your business is, describe what you’d do with the grant money and pay a $7 application fee. The foundation’s advisory board chooses the winners, looking for women with passion and a good story.

8. Eileen Fisher Women-Owned Business Grant

Eileen Fisher, a women’s clothing retailer, awards $100,000 to up to 10 women business owners each year. To be eligible, women must make up at least 51% of your business s ownership and leadership, your business must have been in operation for at least three years, it must not exceed $1 million in annual revenue, and it must be focused on environmental or social change.

Two other good possibilities for grants

These options aren’t specifically for women, but they’re good small-business grants to consider:

9. FedEx Small Business Grant

FedEx awards up to $25,000 apiece to 10 small businesses annually. The application requires an explanation of your business, how you’d use the money, photos of your business and — this part is optional — a short video explaining your business. You don’t need a FedEx account to apply.

10. Mission Main Street Grants

Chase Bank gives $150,000 to 20 small businesses each year through its Mission Main Street Grants program. To be eligible, you must have been in business at least two years and have fewer than 100 employees, and the application includes answering five essay questions.

Find and compare small-business loans

NerdWallet has come up with a list of the best small-business loans to meet your needs and goals. We gauged lender trustworthiness, market scope and user experience, among other factors, and arranged them by categories that include your revenue and how long you’ve been in business.

To get more information about funding options and compare them for your small business, visit NerdWallet ssmall-business loanspage. For free, personalized answers to questions about financing your business, visit theSmall Businesssection of NerdWallet’s Ask an Advisor page.

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11 Grants for Women-Owned Businesses You Need to Know About #personalized #business #cards

#small business grants

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11 Grants for Women-Owned Businesses You Need to Know About

In 2014, there were close to 9.1 million women-owned businesses in the United States, a 68 percent increase since 1997, according to The 2014 State of Women-Owned Businesses Report from American Express. This percentage increase exceeded the national average of small business growth by 1.5 times.

It also illustrated what we already know: Women entrepreneurs are having a tremendous impact on the small business landscape nationwide.

Yet to continue to be competitive and grow, these entrepreneurs have to find funding for their ventures. And, alarmingly, women entrepreneurs are increasingly being turned away by banks for small business loans. Thankfully, they still have other options, given the rise of technology-driven financial lending sources — such as online loans, peer-to-peer loans and crowdfunding.

Then there are government grants. While not widely known or used, these grants are another great option for women seeking extra funding for their business ventures. They just take a little more work.

Understanding grants

Business owners often turn to grants because they are not required to pay them back; essentially, you can look at grants as free money, but they come with stipulations. Also, understanding and navigating the grant process can be complex.

First, you have to research and find a grant for which you re eligible. Then, you have to understand the strict application and compliance guidelines you must meet, to be eligible. Third, you have to compete with other businesses for the same pool of money. Fourth, if you re awarded a grant, you must report on how you used it. Finally, you must devote time and energy to the lengthy application process, then wait for approval. In a nutshell, you need to have all of your ducks in a row, up-front and afterward.

Finding federal and state grants

Many business owners think that federal grants are just a click away. We have all seen the ads promoting free federal money to start businesses. But this is a huge misconception. While there are federal grants available in the areas of medical research, science, education and technology development, no such grants exist specifically for women-owned businesses. You may find grants that fund projects that empower women, but such funding is often set aside for nonprofit corporations, not for-profit businesses.

When researching grants specifically for a woman-owned business, start at the state level. Most states offer grants for women-owned businesses in some capacity. Each state website has a business section where you can find grant and funding opportunities for women and minority-owned businesses. A good example of this is the business section for the state of New York. which lists incentives and programs for businesses. Check out your state s site to find out what is available for your business.

Another great resource to use in your research is the Minority Business Development Agency (MBDA). The MBDA is an agency of the U.S. Department of Commerce that assists minorities and women in establishing and growing their businesses. On its site, you can research grants and access links to state agencies that work with women-owned businesses for funding opportunities. Click here to view all of the state agencies across the country.

Private grants for women

To help in your search, we gathered information on these private grants for women entrepreneurs started:

  1. The Eileen Fisher Women-Owned Business Grant Program. Five grants are awarded annually. The businesses must be 100 percent women-owned and have founding principles of social consciousness, sustainability and innovation, plus be ready to move to the next phase of development. In 2014, the program awarded $125,000 in grants.
  2. Huggies Brand — Mom Inspired Grants. The grant awards up to $15,000 to advance the development of innovative products inspired by the joys of motherhood. The awardees also receive resources to further develop their products and startup businesses.
  3. FedEx Think Bigger — Small Business Grant Program. Applicants are encouraged to share their visions to receive a portion of the $75,000 awarded in grants. Part of the judging involves the general public voting for the finalists, so participants may promote their businesses while garnering votes.
  4. Idea Caf Small Business Grant. The Idea Caf is a free gateway that hosts different grants on its site. Its current grant is the 16 th Small Business Cash Grant. which awards one $1,000 grand prize to a business with the most innovative idea.
  5. InnovateHER: 2015 Innovating for Women Business Challenge. This business challenge is sponsored by the Small Business Administration (SBA) Office of Women s Business Ownership. The challenge awards three winners $30,000 in prize money for businesses that have an impact on the lives of women. However, be aware of the recent fraud news around the SBA .
  6. Chase Google — Mission Main Street Project. Chase and Google have partnered to award $3 million in grants. In 2014, recipients were awarded $150,000 to help take their businesses to the next level. Recipients also received a trip to Google headquarters, a Google Chromebook laptop and a $2,000 coupon toward a market research study with Google Consumer Surveys.
  7. Small Business Innovation Research (SBIR): Eleven different federal agencies participate in this awards-based program, which incentivizes and enables small businesses to explore their technological potential.
  8. Small Business Technology Transfer Program (STTR). The STTR program reserves a specific percentage of federal research and development funding to provide funding opportunities in research and development.
  9. Women Veteran Entrepreneur Corp (WVEC) Small Business Competition. This competition, organized by Capitol One and Count Me In for Women s Economic Independence. allows participants to present two-minute pitches for a chance to participate in a nine-month business accelerator program.
  10. Wal-Mart Women s Economic Empowerment Initiative (WEE). As part of a huge Wal-Mart initiative, sourcing opportunities for U.S. and international companies will increase to $40 billion over five years.
  11. Zions Bank — Smart Women Smart Money. This Utah-based bank s grant annually awards $3,000 across six different categories, including business.

Applying for a grant

Once you find a funding opportunity, there are steps required to apply. A few tips to assist you:

  • Make sure that your business is eligible for the grant: Read the grant synopsis guidelines and eligibility requirements.
  • Create a checklist for all of the documents required.
  • Follow the rules. Grant applications can be very technical. It wouldn t hurt to have a second (or even third) set of eyes when reviewing the application to ensure that you have provided all accompanying documents.
  • Start early. Since the application process can be long in some cases, it doesn t hurt to get a jump on things.

If you find the grant application process too daunting or lengthy for your small business, Kabbage is committed to supporting small business loans for women business owners. Because our application process is fully automated and online, we can quickly provide small business loans of up to $100,000. We use simple, meaningful revenue data from your business to approve your business — not elaborate documentation that takes extensive time to gather. To learn more, visit Kabbage.com.





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