Many free grants for small businesses are currently available through government agencies and foundations

Many free grants for small businesses are currently available through government agencies and foundations, updated 9/30/24, 6:19 AM

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Explore free grants for small businesses that don't require repayment. From USDA to SBA programs, discover funding opportunities designed to support women, minorities, and underserved entrepreneurs in expanding their businesses.

About Government Grant

Government grants are monetary allotments from the US Government awarded to certain individuals who formally apply and are deemed eligible. These grants are given at the local, state, and federal levels of government. Government grants can be sought after and used for a variety of purposes such as to pay off debt, start a business, pay college tuition, etc.

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https://www.governmentgrants.us/money-you-never-pay-back/



Many free grants for small businesses are currently available through government
agencies and foundations

Small businesses are the backbone of local economies, yet their growth is often hindered by
limited access to capital. Traditional financing options frequently come with strict requirements,
such as high credit scores or the need for collateral, making it difficult for small business owners
to secure funding. Free grants, however, aim to level the playing field by offering financial
assistance to small businesses, particularly those owned by women, minorities, and other
underserved entrepreneurs. These grants provide critical support to solopreneurs and business
owners while fostering broader economic growth and social development.

The U.S. Department of Agriculture (USDA) administers the Rural Business Development Grant
program, which offers free grants for small businesses with fewer than 50 employees and under
$1 million in gross annual revenue. The U.S. Small Business Administration (SBA) runs the
Program for Investors in Microentrepreneurs (PRIME), designed to help disadvantaged micro-
entrepreneurs grow and thrive. Additionally, the U.S. Economic Development Agency (EDA)
provides small business grants, technical assistance, and resources to support entrepreneurship
and innovation in local communities.

Small Business Development Centers (SBDC) Grants

Local Small Business Development Centers (SBDCs), often affiliated with universities or state
economic development agencies, can connect entrepreneurs with free grants for small business
opportunities. They also provide access to additional financing options, training programs, and
technical assistance. The U.S. Chamber of Commerce runs the CO-100 program, awarding annual
grants of up to $25,000 to the winning small business. In addition, ten $2,000 grants are awarded

https://www.governmentgrants.us/new-construction-development/


https://www.governmentgrants.us/application-v9/

to other participants. It is essential to keep an eye on funding deadlines, as hardship grants may
only be available for a limited time.

Small Business Administration (SBA) Grants

The SBA’s Small Business Readiness for Resiliency (R4R) Program offers up to $5,000 in
emergency relief for businesses that have experienced disaster-related losses. The State Trade
Expansion Program (STEP) provides federal grants to help businesses expand into international
markets. SBA also supports small businesses engaged in research and development through its
Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)
programs. The USDA’s Rural Business Development Grant (RBDG) program offers training and
support to small businesses in rural areas.

NASE Grants for the Self-Employed

The Second Service Foundation awards first-place grants of $15,000, second-place grants of
$6,000, and third-place grants of $4,000 to small businesses making an impact in their
communities. The National Association for the Self-Employed (NASE) provides $4,000 quarterly
grants to help small businesses grow. In addition, the Amazon Small Business Grant contest offers
a $20,000 grand prize and $15,000 each to 10 semi-finalists.

To find federal grants, businesses can register on Grants.gov, the government’s largest grant
database. Additionally, entrepreneurs can sign up for GovernmentGrants.us for a $29.95 monthly
fee, which gives access to various grant opportunities, including small business, childcare, first-
time homebuyer, and land development grants. If a grant application is rejected, the membership
fee is refundable.

Apply Online: https://www.governmentgrants.us/application-v9/