Grants for Small Business Start Up for Women

Starting a business with limited resources or no resources is indeed very challenging, especially when you are a woman. But not any more. There are various government grants available that are packaged for needy people to meet their small business financing requirements. Apart from that, there are various non profit - non government organizations that provide with grants for small business start up for women. Today more and more women are entering into business ventures and they are certainly running them successfully. A lot of research studies have also shown the same thing that women entrepreneurs make the best use of small business opportunities and write their own success stories. They think differently than their male counterparts, and their unique and nontraditional business styles are definitely refreshing and are catching up faster. Considering this trend, a lot of non profit organizations are allotting grants for small business start up for women.

Grants for Small Business for Women

Before I tell you about the grants for small business start up for women, it is important to note that women with weak economic background or minority community have the higher chances of getting the small business grants for obvious reasons. It doesn't mean other women won't get it but they should have a lot of patience for that as the process of receiving grants takes a significant time. Apart from that, you have to follow some complicated and long procedures to qualify for the grant. The difference between the commercial loans and grants or loan for small business start up for women is well-defined. Loans have to be repaid with interest whereas grants may or may not be repaid and are generally very flexible. Grants are packaged so that underprivileged sections of the society can be benefited. Hence the process is very stringent because the granters see that the well deserved candidates receive the money. You have to prepare a good business plan before you apply for the grants so that the adequate amount is granted to you.

Small Business Grants for Women

There are a lot of federal and state government grants to start a small business. Given below is the list of schemes and organizations that provide grants for small business start up for women:

• ACCION Small Business Loans
• California: Women's Economic Ventures Small Business Loan Fund
• Delaware: Delaware Access Program
• Illinois: Minority, Women, and Disabled Participation Loan Program
• Iowa: Target Small Business Assistance Program
• Mississippi: Capital Access Loan Program
• New Jersey: Urban Plus
• New Mexico: The Loan Fund
• New York: Micro Loans For Minority and Women Owned Businesses
• Wisconsin: Linked Deposit Loan Subsidy
• Wisconsin: Women's Business Initiative Corporation Small Business Loans

These are some of the federal and state government grants for small businesses that women can try for. Apart from that, there are funding sources that allot grants for small business owners. For more and detailed information about the schemes and policies, it is advisable to contact the local small business administration department who will tell you about the different grants and procedures involved there in. It is better if you find out about the policies running in your own state as it would be easier for you to access the authorities. The three main categories that will decide and affect your candidacy for grants are location, size, and the business sector or industry you wish to explore. Apart from starting a new business, these grants will help you expand your business, buy required machinery, equipment, furniture, inventories and other supplies. Some of the organizations also provide women with business assistance and training before starting a new venture.

With the above information on grants for small business start up for women, you know how to empower yourself and be self-reliant. So go out women, kiss the world and flatter it with your great entrepreneurial skills.