Free money from small business grants for minorities and women

Government and private foundations have grant funds available for women and minority small business owners or soon-to-be owners who need help starting or expanding their business. This is tax-free money given to people to turn their ideas into profitable businesses. While grants are typically used in conjunction with a small business loan or other types of financing, they can help pay for new equipment and furniture, business space, and even payroll.

Government grants are provided as interest-free funds with no repayment conditions. There are specific terms that must be followed, but as long as the money is not used inappropriately, the cash can be provided to help your business succeed.

Regardless of income or credit, people who are at least 18 years old may qualify to apply for small business grant money. While general business grants are available, there are specific programs to help minorities and women who may have a harder time obtaining traditional financing. Due to the growth in business development for women and minority entrepreneurs, special interest groups exist to specifically assist these individuals.

By contacting these organizations directly, you can find out what funds are available, what the qualifications are, and how to apply. Because there are hundreds of government agencies and private organizations that have provided these funds, accessing a current grant directory can help you quickly identify available funds. When gaining access to the directory, comprehensive guidelines and assistance are provided to ensure the best possible application is made.