[ad_1]
The beginning is one of the most challenging times for a small business owner. This is also the time when many entrepreneurs have access to fewer resources. So small business grants can be especially helpful for new and would-be startup founders. Two new grant opportunities for start-ups were launched this week, including one specifically for young founders. Read about these grant opportunities and more below.
Incfile Grant for new business start-up
Business filing service Incfile offers grants to support new businesses. The New Business Start-up Grant is open to those just starting out as well as experienced entrepreneurs starting new ventures. The winner of the competition will receive $2,500 to put towards start-up costs, as well as free formation services from Incfile. Applicants must be at least 21 years old and live in the US. The process includes an online application, a short video and a sample business plan. The first deadline for 2022 is June 30, but there are additional rounds also ending on September 30 and December 31.
Incfile Young Entrepreneur Scholarship
In addition, Incfile has launched a grant program for student entrepreneurs. The Young Entrepreneur Scholarship Grant will provide $2,500 to high school seniors, undergraduates, graduate students, or trade school students in the United States. To qualify, students must have a GPA of 3.0 or higher and an interest in starting a business. Interested students will need to submit an online application, a short video and a sample business plan. The money then goes towards continuing education for your business goals. The 2022 deadlines are June 30, September 30 and December 31.
Caress Dreams Fund
The Caress Dreams Fund is an ongoing grant program that supports businesses owned by women of color. Delivered through the IFundWomen of Color platform, the program includes a $1 million investment from Caress. In addition to $5,000 in grants, the program also includes a business accelerator, coaching, creative services and educational resources. IFundWomen of Color holds several rounds each year. Applications for the fall session are open until July 8.
Nashville and Davidson County Small Business Grant and Loan Program
Nashville and Davidson County, Tennessee recently unveiled an $18 million grant and loan program for small businesses. Pathway Lending will administer the funds, which are available through distributions of the federal American Rescue Plan Act. To be eligible, businesses must have a physical address in Davidson County, annual revenue between $10,000 and $1,000,000 and no more than 50 full-time employees, among other criteria. Applications are available now and the application deadline is July 31.
San Antonio Small Business Grant Program
San Antonio, Texas recently approved a new small business grant program funded through the American Rescue Plan Act. Under the new program, small businesses can apply for between $15,000 and $35,000. In total, the City Council earmarked $17 million for the program. To be eligible, businesses must be able to show a loss of at least 20 percent in gross revenue between 2019 and 2021. Full details, including an application deadline and full criteria, have yet to be determined. But the city hopes to distribute all funds by the end of the year.
New Jersey Small Business Fund
The New Jersey Economic Development Authority originally launched the New Jersey Small Business Fund in February. The program still offers grants that cover up to $50,000 or 50 percent of the cost of eligible improvement projects. To qualify, businesses must be small businesses or women-owned or minority-owned companies in New Jersey that own or operate a physical location. Enterprises must also be creditworthy and not in default of any government assistance programs. The program is still open and will accept applications on a rolling basis until all funds are distributed.
For the latest, follow us on Google News.
Image: Depositphotos
[ad_2]
Source link