How Can I Get Free Money For My Business

FUNDING APPLICATIONS ARE NOW AVAILABLE. It's a documented fact that Billions of Dollars in Free Money are donated every year by American Corporate Giving Programs, Foundations other Charitable Institutions, Individuals, and Other Agencies. We read daily about gigantic sums of Funding being given to businesses and individuals, just like you, to. Simply Follow These 3 Easy Steps To Receive Your Grant Money: Step 1: Fill out Short Form to Get Started. Step 2: You’ll Receive Instant Access To Financial Help Opportunities for Which You Qualify. Step 3: Start Immediately Applying for Your State Benefits & Assistance Programs. Apply now to receive Up-To $150,000 in Free Grant Money that. We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.

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When you know where to look, help for your small business is there for the taking.

Times are tough for small business, but help is available, from both the government—federal, state or local—and the private sector. It may be in the form of a grant, a loan or a leg up competing in a difficult business environment. Here’s a breakdown to help you sort through what’s available.

Federal stimulus aid

Businesses of all sizes have been negatively impacted by the ongoing COVID-19 pandemic. Some are just getting started, while others have had to rethink their business model. President Biden's recently enacted coronavirus stimulus bill is designed to help, providing $1.9 trillion in assistance to businesses and individuals. The bill includes aid in the form of tax credits, loans and grants.

[Read: Small Business Update: More on PPP Loans and the Employee Retention Tax Credit]

Government grants

Begin your search for a grant from the federal government at Grants.gov. This government site offers the most comprehensive database of funds the government is going to give away. There are thousands of grants to apply for, with opportunities for companies from all backgrounds.

Keep in mind that not all assistance flows directly from the federal government to small business. Some funds are distributed to state and local governments and agencies, nonprofit organizations and institutions of higher learning. These entities, in turn, distribute the funds, or use them to provide technical or educational assistance on a local level.

In addition to the programs listed here, be sure to check with your state and local governments and use the resources listed below. When searching through grant and contracting options, note that you may qualify for more than one program.

As illustrated by the following sampling of grants, the assistance available to you from the government will vary, depending on your specific situation.

COVID-19 Economic Injury Disaster Loan. Through the SBA, small businesses can receive up to $10,000 in Targeted EIDL Advances. These businesses must be located in low-income communities and be experiencing a loss of revenue due to the pandemic.
National Institute of Health Grants. The National Institute of Health (NIH) is currently funding grant opportunities related to COVID-19 research. These grants are reserved for small businesses that develop and research biomedical technology. There are multiple grants available with deadlines throughout 2021 and beyond.
Shuttered Venue Operators Grant. Sponsored by the U.S. Small Business Administration, the Shuttered Venue Operators Grant (SVOG) is for live venue operators like theaters and museums that were in operation as of Feb. 29, 2020 and were impacted by the coronavirus pandemic. Small businesses can apply online and receive equal to 45% of their 2019 gross earned revenue or $10 million, whichever is less.
Small Business Innovation Research Program (SBIR).The SBIR offers grants to small businesses so they can participate in federal research and development with the potential for commercialization. It’s a highly competitive awards-based program that helps businesses achieve scientific excellence and technological innovation. To qualify for SBIR grants, you must operate a for-profit company and satisfy other requirements.
Small Business Technology Transfer Program (STTR). Similar to SBIR, the STTR program focuses on funding research in the R&D arena. However, what separates the STTR is the requirement that the small business have a formal collaboration with a research institution. To qualify for STTR grants, you must operate a for-profit company and satisfy other requirements.
Rural Innovation Stronger Economy (RISE) Grants. The Rural Innovation Stronger Economy (RISE) Grant Program is open to nonprofits, state entities, tribal entities, higher education institutions and public bodies in eligible low-income rural areas. These four-year grants range from $500,000 to $2 million and can be used to create and augment high-wage jobs, accelerate new business formation, support industry clusters and maximize the use of local productive assets.
U.S. Department of Commerce Minority Business Development Agency (MBDA). Targeted grants and loans designed to aid minority-owned businesses are offered throughout the year. Minority-owned businesses can find information about local MBDA Business Centers at MBDA.gov.
U.S. Small Business Administration State Trade Expansion Program (STEP). Intended to assist small businesses desiring to export product, this program distributes federal funds through state entities. Small businesses that meet the criteria set by each state can use the financial assistance to participate in foreign trade missions and shows, obtain entry to foreign markets, develop websites and design international marketing products or campaigns.
U.S. Economic Development Administration (EDA). The EDA is part of the U.S. Department of Commerce offers ongoing funding opportunities for projects that support regional and national economic development. Applicants can apply for a variety of rolling-basis EDA investments that fund projects in construction, non-construction, planning, technical assistance, research and evaluation, higher education and more.

As you would expect, acceptance of free money from the government comes with a fair amount of paperwork. Applying for a grant can be time-consuming and technical. You want to make sure, therefore, that you are eligible before applying. In addition to the legal and administrative prerequisites, there are ongoing reporting and auditing requirements.

Government contract assistance

The federal government spends billions of dollars on goods and services each year. A lot of that money is spent through a competitive bidding process. Programs have been put in place to assist some small businesses with the process, allowing them a better chance to compete for those federal dollars.

Service-Disabled Veteran-Owned Small Business Program. The federal government seeks to award at least 3% of all federal contracting dollars to such businesses annually, so this program helps with meeting that target. This federal contracting program offers assistance to small business owners who are service-disabled veterans. Eligible small businesses must be over 50% owned/controlled by one or more service-disabled veterans, have day-to-day operations and long-term goals managed by at least one service-disabled veteran and have a service-connected disability.
Women-Owned Small Business (WOSB) Federal Contracting Program. The federal government seeks to award at least 5% of federal contracting dollars to women-owned small businesses annually. Through this SBA program, the Office of Women’s Business Ownership provides support to women entrepreneurs by offering business training, counseling, federal contracts and access to credit and capital. Their goal is to offer equal opportunities for all women in business.
8(a) Business Development Program. The purpose of this program is to assist small businesses owned by socially and economically disadvantaged entities. This is achieved by limiting competition for certain government contracts to businesses participating in the 8(a) business development program. To participate a business must be certified as an 8(a) entity.
HUBZone Program. This program aids businesses in underutilized business zones by making them more competitive in regard to some government contracts. Businesses

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