Use your business plan to help you complete your grant application.
Despite the hype on TV and the web, the government simply does not give away money. In fact, according to the government's own Business.gov website, federal and state government agencies do not provide grants to any individual, including women and minorities, to help them start a business. Grants may be available from non-profits and private organizations; however, these are very rare and usually focus on helping minorities and women in economically disadvantaged communities. These steps will help you to locate the few grants available to minorities.
Instructions
1. Search for a grant. The U.S. federal government's business website, Business.gov (see Resources), offers a free online search for business loans, grants and financing. Complete the search form by checking all options that apply to you. Be sure to check #8: "I'm looking for financing available to minority business owners." You can also contact non-profit organizations and educational institutions, directly, that support and/or are related to your type of business. These organizations are the main source of business grants to minority entrepreneurs.
2. Review the requirements and eligibility for receiving the grant. Make a list of all the necessary documentation needed to apply for your grant. Many grant departments require you to submit some sort of registration form before you are eligible to apply for a grant. Also, gather and apply for all needed information, such as identification numbers, that you are required to submit on your grant application.
3. Apply for the grant. Be sure to complete and proofread your application and any documents you submit along with it. Also, be sure that your application package has enough postage for its size and weight. Also, be sure that addresses and contact information is correct and up-to-date.
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