Saturday, April 1, 2017

7 Grant Sources for Black and Minority Women in Business

Here are seven grants minority and black women business owners should consider:

InnovateHER

The InnovateHER Innovating for Women Business Challenge is sponsored by the Small Business Administration (SBA) Office of Women’s Business Ownership. Three winners are awarded $30,000 in prize money for businesses with products and services that have an impact on the lives of women and their families.

Intuit “Love A Local Business” Competition

Intuit host a competition that gives away $25,000 small business grants to businesses based on votes. The average award is $5,000, but there are larger grand prizes depending on each year’s focus. The program has given away over $1 million since inception. Check the site frequently to see when is the next round.

FedEx Opportunity Knocks — Small Business Grant

Share your small-business story and enter for a chance to win the top prize—$25,000. There’s also one $15,000 winner and eight $7,500 winners. Part of the judging involves the general public voting for the finalists, so participants may promote their businesses while garnering votes.

Miller Lite Tap the Future

This business plan competition is a great way for new entrepreneurs with innovative ideas to win capital for their companies in the form of prizes ranging from $5,000 to as much as $200,000 or more. This competition is aimed especially at minority entrepreneurs and is sponsored by MillerCoors.

Minority Business Development Agency

The MBDA is an agency of the U.S. Department of Commerce that assists minorities and women in establishing and growing their businesses. On its site, you can research grants and access links to state agencies that work with women-owned businesses for funding opportunities.

National Association for the Self-Employed Growth Grants

This program allows business owners to apply for financing a particular small business need. Worth up to $4,000 each, past recipients used their growth grants to purchase computers, hire part-time help, and create marketing materials.

The Amber Grant Foundation

Awards $500 to a different women-owned business every month. SOURCE: BLACK ENTERPRISE

About the Publisher of Minority Business Financing

Minority Business Financing is Published by Kamau Austin. Austin is a published author in the field of business financing.

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Wednesday, January 28, 2015

Grants For Single Mothers

Submitted by: Nicholas Jarder

Being a single mother is never easy whether it was by choice or through divorce or separation every young mom at some time or another needs financial help. The good news is that the U.S. government is there to lend a helping hand.

There are many different free grant programs for women that can be found on line and they can decide for which to apply. These grants for single mothers don’t need to be paid back they are there to assist women with children who find that money is too tight.

Some of the types of grants that are available are grants for housing, daycare and for help to pay rent. If a single mother is already registered with a college or university then she can also apply for a college grant for single mothers. This will help her to be able to continue her education and she won’t have to drop out.

For a single mom to be eligible for a grant her average annual income must fall below a certain level and she will be requested to fill in an application with details about her economic background. However hard it is to raise children alone it is good to know that help is available. It is suggested that a single mom who has applied for and received a grant not to solely depend on it but to also find some kind of job.

Among the varied grants for single mothers which are available one is a housing grant provided by the Public Housing Agencies (PHA). They give out subsidiaries which are to be paid to the landlords with the mother making up the difference.

The best thing to do while deciding where to apply is to check out the government website which lists all the grants that are available. A good suggestion is to pick some which you would like to apply for and fill out all of their applications so that you have a better chance at getting a grant in case at least one doesn’t accept you because competition is so steep. You might also like to check out the sites that offer grants from private non-profit organizations.

The most important thing for a single mom is to be aware that such grants exist and she can get the financial help she needs. A lot of the money which the government sets aside for these grants often goes unused because women do not know where to look for help.

Once she has decided on the grant she wants to apply for the application process can be a bit complicated. The woman must be sure that she has filled the form in accurately and has filled out all the necessary fields to ensure that she will be accepted. The submitted application takes about a couple of weeks to perhaps some months to be processed and for the single mother to be informed if she has been accepted or denied for a grant. Meanwhile she should have some finances to fall back on.

About the Author: Are you looking for more information regarding grants for single mothers? Visit www.umcssa.org today!

Source: www.isnare.com
Permanent Link: http://www.isnare.com/?aid=1079186&ca=Finances