Looking for a US small business grant? We’ve got the resources you need and can help you apply for suitable grant funding options.
Small business grants refer to financial assistance provided by organizations to small businesses for a designated purpose. These grants are accessible to small business owners during their inception, growth, and for conducting research and development activities.
In contrast to small business loans or credit cards, grants are a non-repayable form of funding and do not negatively impact the credit score of a business. Moreover, there are no lender fees associated with acquiring a grant.
However, it is important to note that grants come with certain limitations as the funds must be utilized as prescribed by the grant provider.
Several programs exist in the US to support the costs of research & development (R&D) and encourage innovation by offering tax relief/credits. Many companies aren’t even aware they might have eligible spend for these schemes. Are you one of them?
The US Government reports that women own approximately 20% of businesses, with only 8% looking to grow or expand their services. There are now a number of initiatives underway to address women’s economic empowerment, including black, minority, and Indigenous women to help fund their growth, while investing in the economy.
It’s fair to say that the pros outweigh the cons when it comes to small business grants.
On the positive side, a business grant is essentially free money. Unlike a loan, it never needs to be repaid. That makes it a business funding option that’s pretty hard to beat. On top of that, once you qualify for a grant, there’s some evidence that you’ll have an easier time qualifying for more grants in the future, as other organizations will see you as a reliable candidate.
On the negative side, winning a small business grant can involve a lot of work and uncertainty. You first must find an appropriate grant to apply for, then create a detailed and compelling proposal, and finally be selected from what could be a large pool of hopeful applicants.
So, while receiving a business grant is not always easy, it is certainly desirable.
When writing a business grant proposal, it’s worth keeping the following points in mind:
Writing a successful grant application is no easy task. It’s well worth spending time to get it right. You may wish to engage the services of a professional grant writer, whether that’s a local professional or a relatively low-cost online freelancer.
One of the challenges of applying is the potentially dizzying range of options out there – each with their own criteria and processes. Join Swoop today and we can help you narrow down the best possibilities in no time.
With recent reductions in government grant funding under the Trump administration, securing financial support has become more competitive. But while grants may not always be available, liquidity hasn’t left the market. Register with Swoop today to see what finance is available for your business.
Head to the ‘grant funding’ section of your Swoop account after entering your company information.
View all available grants that may be right for you, saving you hours of research time
We then send you directly from our grant finder through to the application page for the relevant grant provider
We continue to update the tool as new grants come to the market. We recommend reviewing your grant matches at least quarterly to ensure you are up to date with the options available to your business.
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