Small Business – Owned by Woman
it doesn’t matter what the industry, woman can and do own every type business that men do. It may or many not be as hard to get up and running, but most (including me) will need some type of assistance along the way. From starting a joint venture online trying to find a 99 cent domain, establishing a pet headstone or headstones for cats, start up, or in the field or starting an Miami Air Conditioning Repair Service its always best to know what support is available for you.
Private grants for women
To help in your search, we gathered information on these private grants for women entrepreneurs started:
- 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.
- 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.
- 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.
- Idea Café Small Business Grant: The Idea Café is a free gateway that hosts different grants on its site. Its current grant is the 16th Small Business Cash Grant, which awards one $1,000 grand prize to a business with the most innovative idea.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.