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2020 Small Business Grants For Entrepreneurs

Business grant recipients Small business grants are financial awards available to entrepreneurs and business owners who typically have fewer than 500 employees. The funding can come from a government agency, a non-profit organization, or another for-profit company. Awards typically range from $500 to up to $100,000.

Eligibility varies, and can depend on your location, your income, your ethnicity, your gender, your experience in business, as well as your longevity in business. Some small business grants can even require that you participate in a competition or write an essay to demonstrate your talents or need.

Grant funding is often provided to further the growth and development of small businesses - thus the term "Small Business Grants." Other grant programs are created to assist disadvantaged minority-owned businesses - thus the term "Minority Business Grants."

Grant funding (fully or partially) essentially means that the money that an applying entrepreneur receives is not considered as a part of his or her own risk. In other words, it’s completely risk free. The amount granted does not have to be repaid. This is much different than a business loan, which does require repayment with interest.

However, they are typically stipulations that grant recipients have to follow. Grantors usually require that the funding be used as indicated on the grant application, and in some cases (especially for large grant amounts), regular reports have to be made to the grantor to show that the grantee is using the funding appropriately. Some programs, though, have no stipulations at all, and how the funds are used is entirely up to the recipient.

Here are some of the top small business grant opportunities for US-based businesses:

Amber Business Grants For Women Dare to Dream Grant Program
DOT Disadvantage Business Enterprise Program Fedex Small Business Grant Contest
Huggies Mom Inspired Grant Program Intuit "Love Our Local Business" Competition
Miller Lite Tap the Future® Business Plan Competition Minority Business Development Agency (MBDA) Business Grants
National Association for the Self Employed (NASE) Growth Grants SBIR and STTR Grant Programs
Small Business Administration (SBA) Funding Programs StreetShares Foundation Veteran Small Business Award
USDA Rural Business Development Grants VetFran Business Grant Fund
Women's Business Center (WBC) Grant Program  

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