5 Top Small Business Grants Under $10,000 You Need to Know About
As a small business owner, obtaining funding can be a critical part of success. However, securing grants can be challenging and time-consuming. In this article, we’ll explore five top small business grants under $10,000 that you need to know about if you’re looking for funding.
1. FedEx Small Business Grant Contest
FedEx offers a small business grant contest annually. The contest has a grand prize of $50,000 and multiple smaller prizes that total $100,000. The grants are for small businesses that are less than 99 years old and have fewer than 100 employees. The contest requires the submission of a pitch video and a brief business plan.
For the smaller prizes, fewer requirements are needed, and these can be awarded as a local grant within your community. This means that if you don’t win a grand prize, you may still be eligible for a smaller grant.
2. Amber Grant
A women-centric grant, Amber Grant awards grants of $1,000 monthly to female entrepreneurs running small businesses. At the end of the year, one of the monthly winners will receive an additional $10,000 grant. The application process is straightforward and requires a $15 application fee.
The grant program aims to help women entrepreneurs reach their business goals, and you can apply for help on the website.
3. Yelp Foundation Grants
Yelp Foundation offers small business grants of up to $5,000. The focus of the grants is to help underserved small businesses with a focus on the local community and creativity. The application process requires you to demonstrate the impact your business has on the community and how the grant will help grow your business.
4. NASE Growth Grant
NASE Growth Grants are provided by the National Association for the Self-Employed (NASE) and offer a $4,000 grant to businesses that require funding for growth. One key requirement is that the businesses must already be a member of NASE, and membership itself is $120 annually.
You will also need to demonstrate your plans to grow your business with the grant.
5. Grants.gov
Grants.gov is a website where businesses can find a list of federal government grants on offer. The website allows you to search and filter through available grants by category or agency.
The site offers a variety of government funding opportunities for businesses of all sizes. However, it’s important to note that the application process for these types of government grants is often rigorous, and the competition is stiff. Ensure you match the offerings with the goals you have for your business.
Conclusion
Securing a small business grant can provide an excellent opportunity for growth and expansion. We’ve gone through the top five small business grants under $10,000 you should consider if you’re looking for funding.
Remember, each grant has its application process; you need to know what each grant is looking for and ensure your application meets the requirements. Good luck on your journey to finding the right grant for your small business.
