How to Get a Small Business Grant Blog

While grants offered by private companies and grants for startups are available to a broader range of business owners, there are also grants specifically for women-owned businesses. You can find resources and information at women’s business centers, but here are two business grants for women to start with. A grant is financial assistance that is given to a person, business, nonprofit, or corporation from federal, state, county, or local governments, or private businesses or corporations.

Describe how your organization and its mission match the philosophy and specialization of the grantor in the executive summary. After having ensured that the content of your proposal matches the requirements of the grant issuer, start writing your first draft by expanding each point in your outline. This first draft doesn’t have to look good or perfect—it’s a draft and you can polish it later. You must emphasize the aspects of your business that the funder will like best (their requirements/guidelines will give you clues). You would need to obtain things like a DUNS number, and an employer identification number should be included in your form before you can complete your grant registration. Once the business has been registered, the next step is to write a proposal for the grant and fill out the application form.

What is a Grant Proposal?

Lenders are interested in seeing that an applicant has a system to determine if their strategies are working. This may include key performance indicators, meetings, and tools you will use to track progress. Strategies should include marketing, handling finances, dealing with competition, and anything else you find necessary in your specific industry. Since writing isn’t everybody’s strong point like me, I suggest that you read my blog post on the best writing process steps to speed up your workflow while reducing stress. It is the section that explains why your organization or project is necessary, and why funding is needed.

This also shows lenders that you are capable of thoroughly explaining a business and its purpose. The meat and potatoes of a grant proposal is the statement of need. Make sure to read my guide on financial copywriting for more ideas like these, too. You want an executive summary to grab the attention of the lender, while explaining exactly what you do, trying to achieve, and why they should how to write a grant proposal for a small business consider funding your organization. New Digital consists of young and enthusiastic board directors that have all graduated from University of Toronto, and have competed in several entrepreneurial competitions. We all have also founded multiple businesses in the past, giving us the experience to use funding wisely to achieve our goals and keep Young Entrepreneur Society’s brand in line.

STEP 2: Form a legal entity

It’s a great resource for finding grant opportunities, but small businesses may be disappointed to find that many of the grants are closed to them. For example, securing grants for a minority-owned business can help give your business a much-needed boost for growth and profitability.