Small businesses often face financial constraints, especially during the startup phase. However, with the availability of small business grants, entrepreneurs can access funds to help boost their business operations. In 2021, there are numerous small business grants available, and below are some of the top grants:
1. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs
Managed by the Small Business Administration (SBA), the SBIR/STTR programs are an excellent opportunity for small businesses that engage in scientific research and development in the fields of technology and science. The grants are designed to help small businesses commercialize their research, leading to new and innovative products and services.
2. National Association for the Self-Employed (NASE) Growth Grants
The NASE Growth Grants are available for small businesses that demonstrate a need for financial assistance. The program provides a $4,000 grant to help entrepreneurs finance business initiatives such as marketing and advertising campaigns.
3. FedEx Small Business Grant Contest
The FedEx Small Business Grant Contest awards a total of $50,000 in grants to small businesses that apply. The contest is open to businesses in various industries, and applicants must submit a short video describing their businesses and how the grant will help them.
4. Amber Grant
The Amber Grant is awarded every month to a different female entrepreneur. The grant is designed to offer financial assistance to women working to start or expand their businesses. Each month’s winner receives a $10,000 grant, and at the end of the year, a grand prize of $25,000 is awarded to the most exceptional candidate.
5. USDA Rural Business Development Grants
The USDA Rural Business Development Grants are designed to help small businesses in rural communities improve their operations and expand their services. The program provides up to $500,000 in funding, and small business owners that operate in rural areas can apply.
In conclusion, obtaining financial assistance through grants provides small business owners with the resources they need to grow and succeed. The above grants are some of the best available for small business owners to help boost their operations, especially during the COVID-19 pandemic. Entrepreneurs should consider applying for these grants to help their businesses thrive.
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