9 Essential Grants for Women-Owned Businesses!

Let’s talk about women-owned businesses. Did you know that there are more than 13 million female-owned businesses in the US? That’s 42% of all businesses in the states! What’s more, they generate more than $1.9 trillion in revenue annually. According to WBENC, a group of over 400 of the nation’s largest and most successful corporations, the number of women-owned businesses grows every day!

Now, let’s talk about grants for women-owned businesses. Women entrepreneurs seeking start-up capital are looking for money to launch and expand their businesses. As a result, many are turning to sites like GrantWatch for assistance in finding the perfect grant funding for their needs. Thankfully, as the number of female entrepreneurs continues to grow, so do the funding opportunities. These grants are specifically for women who own small businesses or are launching startups, and they can be used for anything from creating a product to purchasing a building for a brick and mortar space.

Why Do Women-Owned Businesses Need Grants?

So, you came up with a community-driven cause or inspired business plan. That’s excellent! However, it’s only the first step. Your idea may be life-changing, but, it may never come to fruition unless you secure adequate financial backing. Lack of capital can result in the immediate failure of any new business venture. It can also prevent a sophomore business from scaling. Studies show that women entrepreneurs may have difficulty qualifying for traditional small business loans, and if they do, the funding is typically 31% less than that received by their male counterparts.

Because of the disparities, women are seeking grants to launch and expand their businesses. It’s the smart choice. After all, you don’t have to repay a grant. It can also be a great opportunity for women who have challenges qualifying for traditional funding. In fact, it’s clear that grant funding sometimes becomes the only way for individuals to reach the success for which they aim.

Grants for Women-Owned Businesses

Here are 9 grants that women entrepreneurs should apply for today.

1. To begin, grants up to $500 and in-kind support to women entrepreneurs to enhance business or organizational development. Funding supports the improvement, expansion, and strengthening of organizations and businesses that impact families, girls, and women.
2. Next up, women and minority business owners may apply for a grant to participate in an educational program. It is valued at $10,000 and is designed to facilitate business growth and success. Participants will learn how to win contracts, how to identify and target profitable projects, and how to invest in a marketing program appropriate for the business owner’s industry.
3. Grants up to $20,000 to packaged food and beverage businesses for business growth. Women, BIPOC, and veterans have priority.
4. This micro-grant ranging from $100 to $500 is for USA, Canada, and International women entrepreneurs for business development. Funding allows businesses to improve, expand, increase, and strengthen. 

More Grants for Women-Owned Businesses

1. Women and minority-owned small businesses, apply for this grant to develop your marketing reach through internet commerce projects. The purpose of this program is to help local businesses grow jobs and revenue through the enhancement or creation of e-Commerce Sites.
2. Woman entrepreneurs shut out of government loans and other funding may apply for grants up to $1,000 to mitigate financial losses due to the Coronavirus (COVID-19) pandemic. Funding is for entrepreneurs in all industries, shut out of other funding.
3. In addition, grants up to $20,000 to packaged food and beverage businesses for business growth. This funder gives priority to businesses owned by typically marginalized entrepreneurs, such as women.
4. Grants to women and minority-owned small businesses in eligible locations to develop their marketing reach through internet commerce projects. The purpose of this program is to help local businesses grow jobs and revenue through the enhancement or creation of e-Commerce Sites.
5. Funding for nonprofit organizations to advance diversity in the fields of entrepreneurship and investments. Funding supports programs that benefit women and minority and under-represented communities.

About GrantWatch

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