7 Small Business Grants for Women

4 min read

Key points

  • Grants are a great way to help fund your small business because they don’t need to be repaid, unlike credit lines or loans.
  • Grants.gov is a great place to start, as this database includes a huge number of grant opportunities.
  • You can find a variety of grants open to all minority business owners, which includes women as well as entrepreneurs of color.

Check out our pick for the Best No Annual Fee Credit Card of 2023

Not that long ago, women couldn’t even apply for business financing without having a male cosigner. Today, women make up around 20% of small business owners, equally more than 1.1 million businesses.

While the number of women-owned businesses has grown substantially, there’s still a significant gap in business funding for women. Moreover, business credit cards, loans, and other credit lines all need to be paid back. So, even if you’re approved, you’ll still have red in your books.

Small business grants, on the other hand, are a sort of like scholarships for businesses. If you qualify for a grant, you get the money — no repayment required. Even better, there are several small business grants specifically designed for women who want to build or grow their businesses.

1. Grants. gov

This huge database is the single most comprehensive resource for business owners looking for grants. It not only provides information on hundreds of grants, but it also offers tools and resources for finding, applying for, and making use of small business grants.

more info: Grants. gov

2. WomensNet Amber Grants

This wonderful organization focuses on helping women entrepreneurs. It offers a huge range of grant opportunities throughout the year, including:

  • $10,000 Monthly Amber Grant (one winner every month)
  • $25,000 Annual Amber Grant (two winners each year)
  • $10,000 Startup Grant (one winner per quarter)
  • $10,000 Non-Profit Grant (one winner every quarter)
  • $10,000 Business Category Grants (one winner every month)

In addition to monetary grants, there is also an annual Marketing Grant that includes strategic advice sessions with members of the Advisory Board and professional agency support.

more info: Amber Grants

3. Tory Burch Women of Color Grant Program

The Tory Burch Foundation selects 75 businesses with majority ownership (at least 51%) by women of color to receive $10,000 and $20,000 grants. Recipients are also given access to education and community partnerships with the Fearless Fund.

more info: Tory Burch Foundation

4. High Five Grant for Moms

Run by The Mama Ladder, this grant program is specifically designed for women entrepreneurs who are also moms. Each year, the program selects three winners, who receive:

  • First place: $25,000 grant
  • Second place: $10,000 grant
  • Third place: $5,000 grant

Pretty much all mothers will qualify, including first-time expecting mothers, moms to adult children, stepmoms, and foster moms. Unfortunately, only moms of human children are allowed; pet parents won’t qualify!

more info: High Five Grants

5. Cartier Women’s Initiative

The Cartier Women’s Initiative offers a variety of awards for women-owned businesses, including:

  • Regional Awards: These grants are awarded to women from around the world spanning nine different regions, from North America to various regions of Africa.
  • Science & Technology Pioneer Awards: This grant is awarded to women entrepreneurs working on disruptive solutions built around technological or scientific advancements.
  • Diversity, Equality & Inclusion Awards: This grant is awarded to entrepreneurs working on solutions to close gaps of access, outcomes, or opportunities for underserved communities.

more info: Cartier Women’s Initiative

6. Black Founder Startup Grant

These grants are open to Black women and Black nonbinary entrepreneurs who want to scale their businesses. Amounts vary from $5,000 to $10,000, and applications are accepted on a rolling basis.

more info: Black Founder Startup Grant

7. Comcast Rise Grants

This program offers 500 grants, each worth $10,000, to eligible minority business owners. This includes women as well as people of color. While the eligibility requirements are broad in this respect, it does have strict geographical requirements. Only businesses in these areas are eligible:

  • Chicago, IL (Cook County)
  • Miami, FL (Miami-Dade and Broward Counties)
  • Oakland, CA (City of Oakland)
  • Seattle, WA (King and Pierce Counties)
  • Washington, DC (Wards 1-8)

Up to 100 grants will be awarded in each city.

more info: Comcast Rise Grants

Be sure to read the fine print

Each grant program has its own specific qualifications, so it’s important to read through the rules and requirements carefully before you apply. This includes making notes of any important due dates so you don’t miss out.

Alert: the highest cash back card we’ve seen now has 0% intro APR until 2024

If you’re using the wrong credit or debit card, it could be costing you serious money. Our experts love this top pick, which features a 0% intro APR until 2024, an insane cash back rate of up to 5%, and all somehow for no annual fee.

In fact, this card is so good that our experts even use it personally. Click here to read our full review for free and apply in just 2 minutes.

Read our free review

You May Also Like

More From Author

+ There are no comments

Add yours