Guidelines to get women-owned business grants As a women entrepreneur, you know your financial situation inside out because you have a handle on …
How much money you’d need to start your business from the ground up
The areas where you’d need financial assistance the most
The location where you’d seek the financial support
When it comes to seeking outside support, you may think that it invariably comes down to finding small business loans and credit cards. The major problem with loans and credit cards is repayment, plain and simple. These loans and credit cards may even come with interest-heavy repayment plans. (Mind you, paying the crushing interest may sometimes easily wreck your budget.) But is securing business loans or credit cards the only way forward? The short answer: No. If you want to avoid tough-to-cope-with repayment plans, you’ll certainly want to get your hands on women-owned business grants.
Grants for women explained Small business grants give you the amount of money for nurturing the growth of your business. And here’s the best part: Unlike loans, business grants needn’t be paid back. But the thing is, there aren’t many foundations and corporations doling out grants to business owners like you. And because these business grants for women are scarce, the competition to get them is sky-high. On top of that, the process for applying for these grants is time-consuming and confusing unless you have someone qualified enough to assist you. (More on this later.)
Applying for women-owned business grants