How to Apply for New Business Grants

New business grants help new entrepreneurs start a new business or expand on their current business. Various types of new business grants are available. You have two methods of obtaining a new business grant. A government grant is a form of financial award from the U.S. Government. The funds go to the local and state governments or to non-profit organizations. Private organizations receive a grant called a foundation grant.

1. Register with grant websites. Do not pay for a few to access a government grant website. Grant website access is free. For example, go to Grants.gov and create an account. You do have to pay a fee if you want access to foundation grants. Foundationcenter.org requires a $19.95 fee per month for private foundation grant access. If you do not want to pay any money, go to your local public library and search for these types of grants there. Most public libraries have a private foundation grant directory. Use their directory to contact and inquire about new business grants. 


2. Search for new business grants on a grant website. Many grant websites have databases and typically have over 20 grant agencies. You have the ability to select categories that fits your business type. Each grant has a description and requirements for eligibility. 


3. Apply for a new business grant. Each grant has different instructions. You can always download your grant application for the new business grant you want to apply for. Ensure that you have Adobe software for Grants.gov or the grant website of your choosing. The grant application usually comes in PDF format. All the instructions you need on how to complete the forms and how to submit your application is included in the application package. If you are applying for a foundation grant, you have to submit a statement of need or grant proposal. If you are applying at your local library, contact the organization to find out their application procedures.


4. Track your grant application. If you applied for a government grant for your new business, you can login to your account to track your grant application. If you applied for a foundation grant, you have to contact the organization by phone or via e-mail.