5 Small Business Grants in WA That Can Give You Up to $20,000

5 Small Business Grants in WA That Can Give You Up to $20,000

Starting a small business in Washington may seem overwhelming, but the state offers several grant programs to help entrepreneurs make their dreams a reality. These grants provide financial assistance to small businesses and startups and can cover a range of expenses, from equipment and inventory to marketing and advertising. Here are five small business grants in Washington that you can apply for:

1. Washington State Microenterprise Development Grant

The Washington State Microenterprise Development Grant provides grants of up to $25,000 to microenterprises with five or fewer employees that are located in rural areas and underserved communities. The grant is designed to help small businesses with startup costs, equipment, inventory, and other related expenses. To be eligible, a business must be for-profit, and the total assets of the business must not exceed $50,000.

2. Washington State Minority and Women’s Business Enterprises Grant

The Washington State Minority and Women’s Business Enterprises Grant provides funding of up to $5,000 to minority and women-owned small businesses in Washington. The grant is designed to help small businesses get started or expand their operations. To be eligible, a business must be majority-owned by a woman or a minority individual and be located in Washington.

3. Washington State Small Business Credit Initiative

The Washington State Small Business Credit Initiative provides low-interest loans of up to $25,000 to small businesses in the state. The program is designed to assist businesses that are having difficulty securing traditional financing from banks or other lenders. To be eligible, a business must have less than 500 employees and be located in Washington.

4. Washington State Department of Commerce Innovation Voucher

The Washington State Department of Commerce Innovation Voucher provides grants of up to $5,000 to small businesses that are developing innovative products and services. The grant is designed to help businesses take their innovative ideas to market. To be eligible, a business must have less than 50 employees and be located in Washington.

5. Small Business Administration Microloan Program

The Small Business Administration Microloan Program provides loans of up to $50,000 to small businesses that are unable to secure traditional financing. The program is designed to help small businesses with startup costs, equipment, inventory, and other related expenses. To be eligible, a business must have fewer than 500 employees and meet other SBA eligibility requirements.

In conclusion, Washington state offers several grant programs for small businesses and startups. From microenterprises to minority and women-owned businesses, there is funding available to help entrepreneurs achieve their goals. By taking advantage of these grant programs, small businesses can get the financial assistance they need to succeed and thrive.