Female entrepreneurs often get overlooked for funding options. Even though opportunities for women are expanding, gender inequalities are still a problem. Fortunately, awareness of these inequalities is also growing. The Small Business Administration has created offices that focus on women-owned businesses. Many foundations and businesses offer grants for women entrepreneurs.
Here are some places you can look.
Government and SBA
Grants.gov offers information on government grants. It’s a good place to start when you’re looking for money. Even if you don’t qualify currently, you should take a look to know what to work toward. The SBA has over 100 Women Business Centers located across the country. You’ll find a lot of support and resources for your woman-owned business. If you aren’t close to a WBC, just contact your local SBA office.
Foundations and Businesses That Feature Grants
You can search Google for grants for women + your industry. Read industry journals to find specialized grants. Join organizations that focus on women to learn about grants that become available. Here are some general business grants for women entrepreneurs.
- Tory Burch Foundation – applicants must be 21 or older and proficient in English. Up to 10 fellows are chosen annually for benefits.
- Amber Grant Foundation – focuses on educational programs to girls.
- Cartier Women’s Initiative Award – social good businesses that are two to three years old.
- Eileen Fisher Women-Owned Business Grants – businesses that are owned by women and have been in operation for at least three years.
The good thing about grants is that the money does not need to be paid back. The application process can seem daunting, but the rewards are many.
It can be difficult to get grants, because it’s highly competitive. Blackwater Capital Funding has financing options for women-owned businesses to help you take your business to the next level. Contact us today for more information.