All about Business Grant For Women Entrepreneurs

Posted by Leadership Girl on February 2nd, 2021

For entrepreneurs raising the fund is of utmost priority. Sadly, the representation of women entrepreneurs hasn’t been as explicit as men. Therefore various organizations and companies, both private and government, provide small ‘business grants to women.' Business grants are basically ‘free money’ given to entrepreneurs to help them with finance. The fund provided doesn't have to be returned, unlike ‘small business loans’ and 'credit cards.' The grant is obtained via a competitive process; hence fetching one is quite hard. However, if one knows which type of grant she is looking for and determine the benefits involved, it might be easier to access one. Therefore, mentioned below are some grants that women can avail and considering them shall act as beneficial business finance tips for women –

Eileen Fisher Women-owned Business Grant program – This is a business grant with a limited budget for businesses that aim towards bringing about eco-friendly and social changes that are positive in degree. One can apply for the form online. The grant offers a maximum amount of ,000 annually to each recipient. However, to be able to receive this amount, one needs to fulfill certain criteria, and they are –

Include more women in decision-making.

Provide training to women and girls regarding 'climate change adaptation,' 'mitigation,' 'advocacy.'

Connect women to the practice of a sustainable economy.

Amber grant – Amber grant was developed to pay homage to a young girl who died before accomplishing her entrepreneurial dreams. For applying for this grant, one needs to tell their story and submit a application fee. The program offers a grant worth ,000 every month to a female owner for a year. The one who wins the grant will also be awarded an extra ,000 at the year-end. Like the terms of the former grant, one needs not to pay back this grant's money by any means.

FedEx Grant – This grant is for small-scale businesses run by women. Out of all the applicants, only ten lucky members get to win this grant and free FedEx ‘printing and business services’. However, the amount that the receiver of this grant receive depends on their ranking, i.e., the first winner gets a grant of ,000 as well as ,500 worth FedEx services, the next winner gets a silver prize worth ,000 and ,000 worth FedEx services and the next eight winners win the same grant, i.e., ,500 along with ,000 in 'printing services.'

Halstead Grant – This grant is provided to women entrepreneurs belonging to the jewelry industry. To apply for this grant, one needs to provide a portfolio and answer a few questions concerning one’s business. The winner will receive a grant worth ,500 and ‘Halstead jewelry supplies' worth ,000 along with exposure among the leading jewelry brands. Also, every applicant gets an opportunity to receive feedback from every judge regarding the business plans. This serves as an excellent opportunity for receiving a valuable piece of advice from professionals that can be utilized as business finance tips for women.

Thus, receiving these grants not only would mean receiving a financial head start for one’s business but also mean seeking professional help in terms of gaining business finance tips for women.

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