How to Apply For a Small Business Grant Successfully

To most people, figuring out how to apply for small business grant isn’t the most enjoyable thing. A lot of people get frustrated and bored within a few weeks. Of course, there are no advertisements from the US government on the amount of funds to be offered as grants.

Actually, one needs to have a number of qualifications for applying for a small business grant. Then again, it’s also true that grants can be endorsed for anyone who is a legitimate American resident.

However, grants are extended towards individuals as well as small businesses. If you want to get grants for your small business, you can consider the following steps.

Step 1
Address a problem that is half-way to the solution. Carefully judge your situation to figure out what your needs may be. Perform some research to understand the kind of grant that may meet your current needs, and how to justify it.

Fortunately, you’ll find the SBA and/or the SBDC useful here. Grant applications of a lot of people were turned down just because they were unacquainted with their specific funding needs. So if you want to apply for small business grant, make sure you can explain how your grant will benefit your business directly.

Step 2
Make sure that you’re meeting your grant requirements. When you apply for the grant money for your individual needs, rather than the needs of your company/business, then you won’t qualify for the special advantages or privileges available for companies.

So in addition to knowing your organizational needs, you must register your company before applying for the grant. This registration ensures that you’re applying for the grant to support your company – not you as an individual.

Step 3
When you’re applying for a grant to support your small business, you can expect better results by applying online. The majority of the government grant applications are available online. Luckily, the online application process is designed to save you much of the lengthy procedural steps otherwise needed.

In addition, the online procedure of applying is much faster. All formalities are arranged and broken down into a step-by-step process. And government grant sites also have FAQ sections. All online grant requests are assigned a particular Funding Opportunity Number.

This number is of major importance. You have to provide this number when you want to download the application. You’ll need it in the registration process on the Central Contractor Registry. The same is true when you apply for other type of grants.

Step 4
Now is the time you get prepared with your grant proposal letter. You’ll also need your business plan at this stage. You can get some help from the nearest branch of SBA or SBDA. They will assist you and make your job of applying for small business grant much easier.

Did you know that the U.S. government gives out billions in grants to over 18 million business owners annually? Well I do, since I received over ,000 to start-up my new business.

Related How To Get A Small Business Grant Articles