Congrats, because you are about to see your business dreams becoming a reality . In this article, i have compiled the best top 7 free grants to start a business right now in 2024, so if you’re ready to grab one, let me walk you through on how to get started.
It is no secret that entrepreneurship has been on the rise lately. According to the US Census Bureau data, 5.1 million Americans filed new business applications in 2023, bringing us to a 42% increase from pre-pandemic levels. I don’t blame folks for wanting financial independence, especially in this day and age.
If you are part of this growing number and looking for additional funding for your business, preferably money that you don’t have to pay back, you’ve clicked on the right article. In thisguide, I’ll be sharing with you seven grand opportunities ranging from $500 to $25,000. Stick around until the end for all the details. The first grant program I want to mention is
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The Fresh Start Business Grant offered through Incfile.
Incfile provides services for incorporating businesses, such as LLCs, partnerships, and virtual offices. They offer a Young Entrepreneur Scholarship Grant for $2,500. The Fresh Start Grant provides up to $2,500 towards business startup costs, including a registered agent for a year and a free tax consultation. To apply, you must be at least 21 years old, a US resident, and planning to start or grow a business.
How to apply for this grant
If you come across these grants and miss the deadline, save it to your calendar or notes, as many grants run consistently. Applying is simple: complete the online application, create a 2-minute video on how entrepreneurship will impact your life, and submit a sample business plan.
Stacy’s Rise Project grant
The second grant is the Stacy’s Rise Project through Hello Alice, offering $25,000 to 10 small businesses, with preference given to women founders in the food and beverage industry. Eligibility criteria include being a for-profit, US-based business with annual sales between $25,000 and $1 million, and a willingness to participate in a virtual mentorship program. The deadline is December 31st, 2023, at 6 p.m. Eastern Standard Time. Grant number three is
The Grow Seneca Initiative grant.
The Grow Seneca Initiative, offering grants to small business owners in Seneca County, New York. Visit the initiative’s main page to download guidelines and the application form, providing detailed information about your business. This grant has a maximum request limit of $110,000.
Verizon Small Business Digital Ready Grant.
The fourth grant is the Verizon Small Business Digital Ready Grant, offering around $10,000. To be eligible, register for an account and sign up for at least two courses on managing money, branding, and online marketing. These resources can benefit your business significantly.
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The Galaxy Grant.
Grant number five is the Galaxy Grant, offering $2,500 to women and minority entrepreneurs. The application process is straightforward, requiring basic information such as email, name, and business status. It takes only 30 seconds to apply for this grant.
The Wish Local Empowerment Program.
Grant number six is the Wish Local Empowerment Program, providing $500 to $2,000 to rebuild small businesses. Eligibility includes having a black-owned business, being 18 or older, having 20 or fewer employees, and having a brick-and-mortar shop within the United States.
The Amber Grant.
The final grant, number seven, is the Amber Grant, giving away $10,000 every month to women entrepreneurs. The application deadline is March 30th, with winners announced by the 23rd of the following month. While there is a $15 application fee, the potential reward is significant.
That concludes the guide, where I shared 7 Free grants to start a business right now in 2024. If you want more content like this, along with side hustle ideas, don’t forget to join us o telegram via the link at the footer section to stay updated. Let me know in the comments if you’ve applied for any of these grants or plan to apply.
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