People always ask me if starting a business is hard. My response is quite surprising to most, “no it’s actually rather easy”. The truth is starting a business is the easy part, keeping it rolling is where you’ll encounter the most work.
The more popular your business becomes the more costly it becomes to run your business. Your email plan becomes more expensive based on the increasing number of subscribers. Your monthly website cost increases based on the increase of traffic and lets not forget the added costs of launching and adding new products and/or services.
Unfortunately, not everyone has a substantial piece of change sitting around for them to use to cover their growth in expenses. As such, a business might need to utilize outside sources for funding. If you’re like me and don’t really like the idea of using business loans, then you’ll love the information I’m providing today.
I found a few solid grant programs available for small business owners. While grant programs, unlike loans, usually stipulate how funds can be used, the best part about grants is there’s no repayment involved. It’s basically free money that you can use to help grow your business, obtain supplies, or launch a new product. So check the grant programs below and don’t forget to apply for the ones you find most suitable for your business.
Grants for Business
- Amber Grant For Women:Each month they award a Qualifying Grant of $500 as selected by their Women’s Net judges. One of their 12 monthly qualification winners will be awarded their $1,000 Amber Grant at the end of year.
- Halstead Jewelry Grant Award:Halstead is proud to sponsor a jewelry grant award for emerging designers in the United States. The winner receives $7500 cash; $1000 supplies; trip to Prescott, Arizona; signature Grant Finalist trophy; cover and feature spread in the new annual grant publication Reveal; feature profile and jewelry showcase in the next printed catalog; blog and video profile; press release assistance; feedback report from the judging committee.
- The Zach Grant:Fundera will award $2,500 for the best video entry every year. The grant will be awarded in check form, made payable directly to the business.
This list is certainly not exhaustive of all the grant opportunities that are out there, but it serves as a starting point and a reminder that we as business owners do have other funding options beyond loans and our our savings.