Your Questions About Business Funding For Women

David asks…

Do you know any woman who really have gotten Government Grants for her business? Too many scams online!?

I am a woman, business owner. Looking for funds for my new business. A lot of thing already done, but without means I cannot hire right people to help me and there is no way to advertise aggressively.
All grant ads online offer 7 day trial , after that $39.95 site membership fees. Maybe free money for women-business owner do not exist at all?
Any advise will be greatly appreciated!
Thanks in advance.

admin answers:

Lots of SCAMS — You may want to read the warnings FTC has issued against these “grant” companies:

Here is also one of the warnings issued by the Better Business Bureau

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.

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

Charles asks…

What is the Funding Opportunity Number (FON) for the grant the gov gives minority women to start a business?

Im trying to start my own small business, and i hear i can get a grant to help me with the start up cost. does anyone know the FON, because i cant find it on

admin answers:

You can’t find it because it does not exist. If it did it would be illegal anyway. The government can not discriminate based on race or gender.

George asks…

Where to apply for grants for women business owners?

I am starting my own bikini bartending business, just wondering if there were grants available to fund this type of business. It’s all on the up and up, I want to create jobs for out-of-work hotties in my area. Here’s my myspace, check it out and feel free to add me if you like.

admin answers:

Take your business plan to the small business administration!!!

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