Applying for small business grants is no easy feat. There is no set template; each application comes with its own set of questions. While it might seem like a daunting task, consistently applying to grant positions helps you to understand your business’ unique value and overall messaging. Here are a few tips that will help you streamline your grant application process:
- Develop a calendar. Create time in your schedule to begin your applications and meet grant deadlines.
- Write a business plan. Many grant programs ask for a business plan as part of the application. By being prepared, you’ll have a clearer vision for your business. This will allow you to approach your grant application with a focused vision.
- Hire professional help. There are grant writers who will write proposals and grant applications on your behalf, allowing you to focus your energy on running your business while they manage your grants.
This week’s Finurah Funding Friday features grants from organizations and corporations that are committed to supporting small businesses.
FedEx Small Business Grant
Small business owners have the opportunity to win $20,000 to $50,000 as well as a number of other incentives through the FedEx Small Business Grant. All grant applicants will have to create a FedEx account. Learn more about the grant program here and apply by Feb. 28.
Inspired Women Community Grant
Women entrepreneurs with an annual business income falling below $50,000 are eligible to apply for the Inspired Women Community Grant. The purpose of the grant is to support women’s abilities to succeed in business. In addition to a $1,000 grant award, recipients are expected to “pay it forward” by supporting other women entrepreneurs by mentoring, offering discounted services or providing workshops. The deadline to apply is March 1. Learn more here.
American Express’ Backing Small Initiative
The second grant cycle of American Express’ Backing Small Initiative is now open. Small businesses located in historic commercial districts throughout the United States are eligible to receive $5,000. This grant cycle is open to personal service-based businesses such as dry cleaners, tailors, beauty salons and spas, barbers, nail salons and cobblers. Preference will be provided to businesses that have been impacted by the COVID-19 pandemic and underrepresented communities. The application deadline is March 1. For information on eligible business types, learn more here.
Citi Trends
Citi Trends is on a mission to provide growth opportunities for Black Entrepreneurs. The company has established the Black History Makers Grant. Entrepreneurs in 30 states are eligible to receive a $5,000 grant. Applications are due Feb. 28. Learn more here.
