Opportunities for Women in Business Grants and Loans
Introduction to Women in Business Grants and Loans
Securing Financial Support for Women Entrepreneurs
Are you ready to explore opportunities for women in business grants and loans as we look into resources and strategies to secure financial support? Discover how these funding avenues can fuel your entrepreneurial journey and overcome challenges. Navigate the path to success with targeted grants and loans designed to empower women entrepreneurs.
Challenges Facing Women in Business Financing
Securing capital is crucial for business success, yet women-owned businesses encounter unequal challenges in obtaining financing and investments. Despite women owning over 40% of U.S. businesses in 2019, nearly 98% of venture capital for new startups went to male founders in 2020. In 2021, only 12% of women business owners received the full financing they sought, compared to 14% of male-owned businesses, according to the Federal Reserve’s Small Business Credit Survey. Additionally, that year, 80% of women business owners and 82% of male-owned businesses sought COVID-19 relief funding through the Paycheck Protection Program.
Exploring Small Business Grants for Women
Amber grant
The Amber Grant program was established in tribute to aspiring entrepreneur Amber Wigdahl, offering grants in various categories, including marketing. The grants, ranging from $10,000 to year-end grants of $25,000, are distributed monthly. To apply for Amber Grants, submit your application online.
SoGal startup grant
The SoGal Startup Grant is designed to assist Black women entrepreneurs, offering a cash award of either $5,000 or $10,000 in startup funding and professional guidance to navigate the fundraising process.
Cartier Women’s Initiative award
The Cartier Women’s Initiative established an annual program dedicated to empowering female entrepreneurs, providing awards across 10 regions, with 30 grant awards. To qualify, showcase that your business is woman-owned or woman-run and has a mission to create a significant and sustainable impact on society or the environment.
Other Small Business Grants for Women
FedEx Small Business Grant Contest
The FedEx Small Business Grant Contest includes grant recipients, including the grand prize winner, who receive $50,000 in checks and additional credits for FedEx Office business printing services.
Grantsforwomen.org
GrantsforWomen.org serves as an online platform facilitating women business owners in discovering and researching numerous grant and scholarship opportunities.
Eileen Fisher Women-Owned Business Grant
Eileen Fisher annually grants $200,000 to qualifying women-owned businesses, offering grants ranging from $10,000 to $40,000 each.
Tory Burch Foundation
Tory Burch Foundation supports women entrepreneurs by offering not only $5,000 business education grants but also fostering early-stage women-owned businesses.
The Halstead Grant
The Halstead Grant provides new artists in the field the chance to receive a $7,500 start-up grant and additional benefits to support business growth.
The Girlboss Foundation Grant
The Girlboss Foundation provides grants for creative female entrepreneurs in the arts, design, music, or fashion industries.
National Association for the Self-Employed Growth Grants
The National Association for the Self-Employed has been presenting Growth Grants to its members, providing cash grants of $4,000 to both women and men small business owners.
