A women looking forward to starting a business can seek assistance in gaining capital resources. Women’s Small Business Grants are available but the competition for those in need of receiving them is fierce. A woman should not be dismayed by the application process for adequate preparation is a key factor.
Determine the state of your personal finances. What is your credit history? Do you enough collateral to secure a loan? If the answer to these questions is not a solid yes then considering applying for a business grant is another path to choose.
Create a solid business plan. You have a dream of starting your business but it’s only conceptual. Until you write down your business plan it’s not more than a dream with know on direction on how to make it a reality.
Research small business grants available for women. Womens-Finance.com was created as a non profit entity to give grants to women. It is a good place to start your search for grants but don’t stop there for there is a wealth of information about grants if you are willing to take the time to research.
Start applying for small business grants and include all relevant information as outlined in the application package. Do not leave any information requested out of your application package because you can be disqualified. Be sure to check the deadline for submitting the application.
Once your grant is accepted be prepared to start laying the groundwork for the successful integration and opening of your particular business.
- Each business grant is awarded on the quality of the business plan and application materials. You must be able to project your FUTURE financials, including income and expenses.
- Nonprofits are eligible for grants if it they are created by women, and the current company president MUST be a woman and meet all of the additional criteria to be eligible.
- Always be truthful. If you embellish any information on your application and it is discovered, you could face legal consequences.
Based in North Dallas, A.M. Morgan has been writing career-related blogs and opinion articles since 2007. Her blogs and articles have appeared on Women for Hire, Associated Content and in “NSBE Magazine." She is a graduate of Tuskegee University and New Mexico State University with degrees in aerospace and industrial engineering.