Grants for first-time business owners provide free capital for entrepreneurs to
develop and flourish

Government agencies, on the whole, provide grants to small enterprises in order to
support their expansion and competitive success. Since small firms find it more difficult
to obtain finance than large corporations, this free money can prove to be quite valuable
to them in times of need. First-time business owner grants are usually awarded to non-
profits, women-owned businesses, veteran-owned or minority-owned firms, rural
businesses, and green enterprises. State governments are smaller and more specialized
than the federal government, but because there is typically less competition, it is easier
to obtain first-time business owner grants.



The US Small Business Administration (SBA) administers two programs specifically for
small businesses: the Small Business Technology Transfer Program (STTR) and the Small
Business Innovation Research Program (SBIR). The SBA is one of the biggest providers
of first-time business owner grants. The two programs give grants ranging from $50,000
to $250,000 in Phase I and $275,000 in Phase II, with varying eligibility requirements. You
have to be a for-profit company with 500 or less employees in order to be eligible. Along
with funding energy production, energy usage, and defense nuclear nonproliferation, the
US Department of Energy (DoE) also takes part in the SBIR and STTR programs. State and
territory governments can receive financial awards from the SBA's State Trade Expansion
Program (STEP) to help small and medium-sized enterprises develop their export
markets.

USDA, SBDC, NIH, and NIST grants

A small number of first time business owner grants are available from the US Department
of Agriculture (USDA) to roadside stand or farmer market enterprises. Across the nation,
there are more than a thousand Small Business Development Centers (SBDCs) where
newly established entrepreneurs may receive complimentary advice and instruction on a
range of subjects, including advertising and cybersecurity. First time business owner
grants are available from the National Institutes of Health (NIH), a division of the US
Department of Health and Human Services, to companies doing biomedical technology
research and development. Grants are available for entrepreneurs in the bioscience,
nanotechnology, advanced communications, and artificial intelligence (AI) domains from
the US Department of Commerce's nonregulatory agency, the National Institute of
Standards and Technology (NIST).

PRIME Grants

Funds are provided by the Program for Investors in Microentrepreneurs (PRIME) to
support the expansion of small enterprises, especially those originating from
underprivileged areas. SMBs can use grant money from the US Economic Development
Agency (EDA) to utilize financial resources that help them grow and become more
resilient. The Second Service Foundation's Military Entrepreneur Challenge provides Gold
Star family businesses, spouses of veterans, and other military personnel with a platform
to network and compete for funding to expand.

Sign up to see additional grant options

Grants.gov is the most comprehensive resource for federal grants available, and it has
many more grants for first-time business owners. You must register with the System for
Award Management (SAM) in order to receive a 12-character Unique Entity Identifier
(UEI), which is required in order to access various grants. If you'd like, you may register at
the GovernmentGrants.us website for a mere $29.95. Once registered, you'll have access
to a number of grant kinds, including minority, childcare, housing, training, and research
awards, among others, in addition to first time business owner grants. In the event that
the granting authority rejects your grant application, you will receive a refund for this
monthly membership. You have ninety days from the date of the rejection notice to send
GovernmentGrants.us in order to receive a refund.
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