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How Small Business Grants for Women Work

Finding Small Business Grants and Loans for Women

The economy over the past few years has been tough on everyone and it may not seem like the wisest times to start up a company. But, when jobs are scarce, the entrepreneurial among us follow their dreams and start up companies at a time just like this. If you are a woman, just starting up a company, or you are trying to expand your already existing company, then you may want to look into some of the many small business grants for women that are becoming available.

The US government has learned that an affordable way to create more jobs is to fund small companies. And, if you are a woman owned company, then you are in luck.  The federal, state, and local governments all have programs available that provide small business grants for women who own either part or the whole of their business.

If you come to a website that promises they will get you a grant, then it is probably a scam. But, there are certainly grants out there and if you are willing to adapt your business model to the specifications of the grant, then you may be in luck. Also, keep in mind that grants are not paid back. They are not loans – they are funds given to your company, which you will use to fulfill a particular requirement of the grant. Whether that is create more jobs, or just complete a project, you must comply with the grant in order to receive the money.

That being said, however, getting small business grants for women owned enterprises is a great way to make a move up to the next level with your business. Whether you are just starting up or you have been in business for years and want to start growing, now is the time to go find your grant.

Photo Credit: Vivian Chen

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