Funding is often a problem for any business start-up, but small business grants and loans for women are available, and in greater abundance than some realize.
The key is to have patience and perseverance through the application and approval process, and to know the facts about getting grant and loan money.
The TRUTH about Small Business Grants for Women: The federal government does not give grants directly to individuals for starting a business. However, women entrepreneurs can position their company’s products or services in the line of funding for certain local, state and federal projects.
Small Business Grants and Loans for Women
The Small Business Administration’s Office of Women’s Business Ownership
- The federal government pays out grants for state and federal projects. Women business owners can provide services and products, that fulfill specific needs in these projects. (remember, the federal government does not do direct small business grants and loans for women, but this is how you CAN put your company in a position to benefit)
- The Office of Women’s Business Ownership is provides inspiration, education, mentoring, and funding for new start-ups and for established businesses that want to expand.
The Women’s Funding Network
- This private group works with public organizations and private sources to promote effective alliances among women business owners and the sources of funding required to launch their businesses toward success.
TAP – The Ada Project for Women
- Geared toward the sciences, this organization supplies helpful information on conferences for all women business owners, as well as sources for known small business grants and loans for women.
Count Me In
- This grassroots source of funding organizes women with funds to loan or give, and makes those funds available to other women who are looking to start or expand a business. They provide the application and review process, award the grants and loans, and offer mentoring for all recipients.
Small Business Grants and Loans For Women – Avoiding Fraudsters
While these organizations are well established and legitimate, there are many frauds lurking out there as well. They offer small business grants and loans for women and require high fees for applying, but often deliver nothing but disappointment.
Remember, there are many myths and misinformation about small business grants for women. Check out all potential sources of funding with the Federal Trade Commission at www.ftc.gov. You can then be confident about legitimate sources of small business grants and loans for women