FINANCE
Business Grants for Black Women
Business Grants for Women
M
any women in business find that
in order to meet their business’
financial needs, they turn to
searching out a loan source. Business
loans for women are widely available
through the Small Business Adminis-
tration and a variety of other sources
such as banks, credit unions and other
financial institutions. Loans, however,
are not the only source for financing. In
some instances, business grants for
women are
available.Small Business
grants for women are a wonderful
option for some women in business.
Grants are an excellent source of fund-
ing because grants are not repaid. The
funding is provided through govern-
ment resources that have been budget-
ed for specific needs in our national
community. Anyone is open to apply,
so small business grants for women are
available to anyone regardless of gen-
der, race, religion, or background.
Visit now http://available-grant-
money.blogspot.com
The downside of grants is that busi-
ness grants for women are not widely
available. Rather, business grants for
women are available only to select
businesses and under very strict cir- funding every year. Only 10 percent of These programs fall into 21 different
cumstances, mostly for research or citizens that qualify for these grants categories, as defined by the Catalog of
development. Technologically-focused actually apply for grants, despite the Federal Domestic Assistance. While
businesses, for example, will find it fact that many more than that would some agencies may list available grants
much easier to qualify for a grant than qualify for a business grant for women. under multiple grant categories, the
a craft or retail business. Still, because Therefore, even though not every indi- Federal government lists these cate-
the money is readily available, even if vidual or business is eligible for a busi- gories of grants as follows:
your business is retail oriented, it may ness grant for women, it certainly can square6Agriculture
be of benefit to check into business be beneficial to check into business square6Art
grants for women available for various grants for women. square6Business and Commerce
resources that could assist you in your According to
grants.gov, the United square6Community Development
business. According to Denouement States government’s web site and main square6Consumer Protection
Solutions and
Grants.gov, the United resource for grants that are available square6Disaster Prevention and Relief
States government and its government and can be applied for, there are more square6Education
organizations offer more 1000 grants than 1000 grant programs offered by square6Employment, Labor, & Training
totaling more than $400 billion in grant the 26 Federal grant-making agencies.
Continued on page 48
44 PROFESSIONAL WOMAN’S MULTICULTURAL MAGAZINE
www.professionalwomanmag.com
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