Business Funding For Women: Some Answers

Susan asks…

why is it so difficult for minority bussinesswomen to be funded?

Why does the color of my skin as a female, make my life a living hell to ve funded as a business woman?Whites.asians,and illegal
aliens have a better chance of bing funded for thier businesses
than “dark women of color”/For five years i have tried to ecome funded for my nursing medical registry, no one will fund me, no one will hear me. I questioned other minority “women of color”,
no one would fund them ,no one will listen. The laws of society were made for all, because of my color i struggle in the bsiness world. NO ONE HELPS US

admin answers:

There are many programs specifically designed to fund minority and woman owned businesses. Spend some time on the Small Business Administration site to get started. Contact your local chamber of commerce. There is funding out there for people that are willing to invest in themselves and that have a great plan put together. It’s out there but you have to search for it, it’s not looking for you.

Robert asks…

Are there any small business startup grants for women right now?

I would like to start up an public accounting business in Arizona and need funds to start it up. Any ideas?
I have found most of the available sites are pay sites….

admin answers:

It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for starting a for-profit business.

One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs , which fund the research and development of technological innovation that meets specific government needs.

Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups — minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include

Iowa Women’s Foundation
New Mexico Women’s Foundation

Even SBA does NOT give out grants. From the SBA website

“The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments.”

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) and – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business — THERE’S NONE.


Most of the federal grants are given to specific target groups with specific requirements (e.g. Minority business owners involved in transportation related contracts emanating from DOT – Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women’s Business Ownership Assistance that are given to those who will create women’s business center that will train women entrepreneurs

Laura asks…

Small business start up financing?

I was wondering if anyone knows of funding sources for women starting a small business. I have heard there are grants and loans available for women but don’t know how or where to access them. Also, any info on small business loans is appreciated. Thanks!

admin answers:

I can think of a few resources for you to look at. We started a Yahoo Group with grants and loan programs especially suited for small businesses and real estate. I’m not sure what kind of business you want to do but you could “double dip” by taking advantage of women’s grants/loans as well as real estate grants/loans. If you are getting into commercial real estate, we also developed a program to purchase commercial properties with only 1% of the purchase price as down payment instead of the usual 20% or so, which greatly reduces the demands on your cash reserves. I’ve put links to the resources I’ve mentioned below my answer in case you wish to check them out.

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