Small Business Start-Up Grants For Single Mothers-Free Business Money For Women
Aspiring single mothers with goals of starting a sole independent business can now look for different grant programs offered by the US federal government. The US government has initiated varied programs that fulfill the zest for establishing and running small businesses by single moms for a self-reliant life.
The small business grant programs offer single mothers funding opportunity, training, lucrative plans and ideas to start and develop the business. If you are also keen to kick-start your independent venture and need monetary assistance then apply today for the small business start-up grants.
List of Small Business Grants that Single Mothers Can Apply for
Small Business Administration (SBA): single mothers seeking to start their own business can avail assistance from SBA that offers financial aid and resources through the US government. With offices in each state, SBA has a huge circle through which it assists, counsels and guards the interests of the single mother owned businesses. There are special Women's Business Centers that offer support in starting and developing small business by giving training, ideas for business development and also financing opportunities.
Small Business Innovation Research (SBIR): initiated by the Congress, the grant program helps single mother owned small businesses to conduct research and development work. The program offers small businesses approximately $2.5 billion each year to conduct researches for growing and developing purpose.
The eligibility criteria for the program include:
• Single mothers must have a small business with not more than 500 employees
• The business must have profit purpose and should have commercialization probability
• The owner must be US resident
Small Business Technology Transfer Program (STTR): it is a government aided program that helps small businesses through funding program for research and development. The primary aim of the program is the growth and development of public/private sector and to promote scientific and technological innovations in the country. The funds are decided on the basis of the research work to be conducted.
The eligibility requirements for the STTR program are:
• Interested single mothers must have a business in US
• The business must be for-profit purpose
• Not more than 500 employees should be a part of the business
• Must be independently operated
• The main researcher might not be employed in the small business
In addition to this, single mothers can avail grants from the National Science Foundation if her business is related to software development. Mothers can avail funds from Department of Justice for work that associates her with at-risk youth or mentally unstable children.
Single mothers can also get assistance from state grants by contacting the state economic development office to gather information about the grants available in the state or in her location. Moreover, private organizations and nonprofit agencies also extend support to mothers to help them fulfill their dream of establishing business. Specific region have special funding projects and programs. Make a comprehensive research and apply for as many programs as possible that accomplish your dream of independent venture.
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