A government grant is a financial award from the government that does not have to be paid back. Government grants are typically awarded to businesses and organizations to carry out a public purpose or fulfill a community need. For example, a business that provides affordable health care to low income areas might be a likely candidate for a government grant.
There are many grants available for a variety of different reasons. The only way to find out if a government grant is available for your new business is to search their database.
How to Apply for a Government Grant to Start a New Business
Register with the government grants website. Access to this website database is free. Beware of websites that charge a fee for access to government grants. The official website for government grants is grants.gov.
Search the databases for grants. The government grants website provides 26 different grant-making agencies. When searching their database, you can select a category that best describes your type of business and review their opportunities by selecting the search tab.
Download the grant application package. Make sure your Adobe software is compatible with the grants.gov website. Instructions on how to use the forms and what to submit with your application will be on the downloaded application cover sheet.
Complete your grant application offline. You cannot save changes to your application through grants.gov, so save your changes on your computer as you go along.
Submit your grant application. Login to your grants.gov account and follow the instructions to submit your grant application. If you are using Abobe Reader, you can click "save and submit" at the bottom of the page. Your application will be automatically uploaded to the grants.gov site.
Track your grant application. From your account, go to “track my application.” Be prepared to enter grant identification numbers. You will be given these numbers when you submit your application.
If you are having trouble locating grants for starting your new business, you may also search the Small Business Administration website. This website offers various resources and financial options for new and existing businesses.