The number of women in business is growing by leaps and bounds thanks in part to the availability of small business grants for women. The SBA has the authority to make grants to non-profit and educational organizations in many of its counseling and training programs, but it does not have authority to make grants to small businesses directly. While it is a common myth that there are grants for women in business who seek start-up capital, government business grants for women do in fact exist in the form of small business loans, government expansion supply contracts as well as private and corporate foundational business grants for women.
As a savvy business woman seeking government business women grant, your first stop should be the United States federal government official business website at SBA.Gov. The Small Business Administration is the federal government arm for exploring grants for women in business. Here, you can look over opportunities, ask questions concerning government grants for women in business and get free help with every aspect of your business as well as advice from past small business grants for women awardees!
Here are just a few examples of currently available government women small business grants programs:
The Basic 7(a) Loan Program: While this is not a true small business grant for women in business, this type of funding can be used for starting, acquiring and expanding a small business. 7(a) loans are the most basic and most used type loan of SBA’s business loan programs.
The Federal CAPLines Program: The CAPLines program is the umbrella program under which the SBA provides an alternative for women small businesses grants to help meet their short-term and cyclical working-capital needs.
Microloan Program: The Microloan Program provides very small loans to start-up, newly established, or growing small businesses in lieu of government business grants for women.
Okay – so where are the actual available government grants for women in business? They are available on the same site, and awarded in the form of contracts and cosponsored grants!
The savvy explorer seeking business women grant in business will always consider taking advantage of doing business with the federal government. Good old Uncle Sam purchases millions upon millions of dollars worth of goods each and every year from local businesses. The federal government purchase and supply chain contracts to purchase goods of all makes and kinds in support of government workers, military personnel and their families. Funded by government grants for women in business, this one opportunity alone can catapult a small business into a large multi-million dollar business quickly.
Remember, while it is a common myth that there are grants for women in business who seek start-up capital, government business grants for women do in fact exist in the form of small business loans, government expansion supply contracts as well as private and corporate foundational business grants for women. The number of women in business is growing by leaps and bounds thanks in part to the availability of small business grants for women.
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