As a small business owner, you likely are always looking for money to grow your business, and when something like a global pandemic hits, that need only increases.

Whether you’re looking for grants to help you weather the rest of the COVID-19 pandemic and its aftermath or are just looking for a small business grant to take your company to the next level, you’ll find many options here.

  1. EIDL and PPP
  2. Shuttered Venue Operators Grant
  3. The Barstool Fund
  4. Nav’s “Legitify Your Small Business” Grant
  5. GoFundMe Small Business Relief Fund

What is a Business Grant?

A grant is financial assistance that is given to a person, business, nonprofit, or corporation from federal, state, county, or local governments, or private businesses or corporations. There are a number of companies, nonprofits, and government agencies providing essentially free money to small business owners in the form of a small business grant. And the best part? Grants do not require repayment of any kind.


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Grants can be formed to target businesses based on a variety of factors, including minority-owned businesses, specific for-profit businesses as well as non-profit organizations, veteran-owned businesses, grants for women, and more. 

You don’t have to make your pitch on “Shark Tank,” refinance your home, or take out  small business loans to take the next step in your entrepreneurial journey — business grants may help you get there, if you know where to look and how to apply.

And right now, with so many small businesses struggling through the pandemic, these grants can provide much-needed financial support that could be the difference between thriving or closing your doors.

We’ve pulled together numerous resources for business owners searching for small business grant opportunities. The majority of these have broad grant application requirements, meaning many businesses qualify.

Keep in mind that this can be a double-edged sword for applicants, though — you can apply for a lot more business grants if the qualifications are broad, but that means more competition for the grant. Often, you can find more success by finding niche grants for your industry, or based on your ownership structure and makeup.

In that spirit, we’ve provided some how-to advice all business owners can use to get your grant entries and/or grant proposals together, along with lists of small business grant programs, split into some of the most-searched-for categories.

Types of Small Business Grants

There are several types of grants, and you may only be eligible for certain ones.

First, there are grants offered by the government. This includes entities like the U.S. Small Business Administration and more niche departments such as the National Institute of Health, which will have industry-specific requirements for applicants.

Then there are grants offered by private companies. These may be more general and open to a wider base.

Some grants target specific groups, like women or minority entrepreneurs or veterans.

Currently, we also have grants aimed to help those negatively impacted by the coronavirus pandemic.

COVID-19 Relief Grants for Small Businesses

There are grants available to alleviate some of the pain that the coronavirus pandemic has caused small businesses. Keep in mind that many of these programs close, and some open additional rounds of funding, so check with each to see the latest.


The Federal government recognizes the negative impact that the coronavirus pandemic has had on tens of thousands of small businesses across the country. Currently, there are two main financial assistance programs offered by the Small Business Administration (SBA) that may provide financial help…and that may not need to be paid back.

The Economic Injury Disaster Loan, is technically a loan that must be paid back, but it also offers both a Targeted and Supplemental Targeted Advance, which are funds that don’t have to be paid back. Whether you accept an EIDL loan or not, you can still apply to see if you qualify for up to $15,000 in grant funds if your business:

  • Is located in a low-income community
  • Has suffered an economic loss greater than 30% (50% for the Supplemental Targeted Advance)
  • Employ 300 or fewer employees (10 or fewer for the Supplemental Targeted Advance)

While the Paycheck Protection Program (PPP) ended on May 31, 2021, if you took out this loan, you may still qualify for loan forgiveness, which is pretty much the same as getting a grant. To qualify for loan forgiveness, you must prove that:

  • Employee and compensation levels are maintained
  • The loan proceeds are spent on payroll costs and other eligible expenses; 
  • At least 60% of the proceeds are spent on payroll costs

Shuttered Venue Operators Grants

The Shuttered Venue Operator Grant program (SVOG) has closed, but the SBA says that it will open the program for supplemental SVOGs for 50% of the original award amount, capped at a total of $10 million.

Those eligible businesses include: 

  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Relevant museum operators, zoos and aquariums who meet specific criteria
  • Motion picture theater operators, or
  • Talent representatives

The Barstool Fund

Another noteworthy COVID-19 relief grant comes from The Barstool Fund (sponsored by Barstool Sports). The fund has an ongoing crowdfunding campaign to raise funds for eligible businesses that apply. There is no set grant amount, but a recent business received $9,000.

GoFundMe Small Business Relief Fund

Crowdfunding company GoFundMe has partnered with partners to provide a COVID-19 relief fund for small businesses. Your business may receive a matching grant when you raise $500 through your own GoFundMe campaign, as long as you can verify that your business has been negatively impacted by the coronavirus. Funds must be used to pay business expenses or care for employees.

Fiserv Back2Business Grant

Fiserv has partnered with the Association for Enterprise Opportunity and Clover to offer grants of $10,000 to eligible black- and minority-owned small businesses that have been impacted by COVID-19 and the resulting recession.

To be eligible, your business must:

  • Be a minority-owned business
  • Be owned by an adult (18+)
  • Have revenue of less than $1M annually
  • Have fewer than 11 employees
  • Be formed before January 1, 2020
  • Be located in an eligible location (currently, Oklahoma, Texas, and Detroit)

New York State COVID-19 Pandemic Small Business Recovery Grant Program

If your business is in New York and you’ve suffered because of the pandemic, you may qualify for this grant program. Grant amounts are based on annual gross receipts from 2019 and start at $5,000 and can be as much as 10% of gross receipts, up to $50,000.

6 Private Small Business Grants

The following may not be specific to COVID-19, but any money (especially that doesn’t have to be repaid) will be welcome during these difficult times.

FedEx Small Business Grant Contest

Good for: Existing Businesses

Each year since 2013, FedEx has offered $25,000 grants to businesses. The application is only open for a one-month period, so ready your applications for the next open date. You’ll need to capture your business’s story via video.

National Association for the Self-Employed (NASE) Growth Grants

Good for: Growing Businesses

NASE Growth Grants are offered to NASE members looking to take their business to the next level. NASE grants are worth up to $4,000 and can be used for all types of activities, like purchasing new equipment, hiring help, and creating promotional material.

The StreetShares Foundation Veteran Business Grant

Good for: Veterans

The StreetShares Veteran Small Business Award is open to veterans, active-duty members, or the spouse of a military veteran or active duty member. Applicants can receive up to $15,000 and will be judged based on their business idea, their expected use of funds, product-market fit, team, and the influence the business will have on the veteran or military community.

Nav’s “Legitify Your Small Business” Grant

Good for: Existing Businesses

Each quarter, Nav offers a $10,000 small business grant to help them solve a business problem or take their business to the next level.

Caleb Brown Urban Entrepreneur’s Community Grant

Good for: Community Businesses

The Caleb Brown Venture Capital and Consulting Project hosts a $1,000 grant aimed at promoting and nurturing young urban entrepreneurs with vision who plan to rebuild local blocks, neighborhoods, and communities “by providing training and jobs to the next generation.” The grant is open to startups and young businesses in urban areas. This contest is run every month—submit your application by the 15th to enter.

Halstead Jewelry Grant Award: Good For: Jewelry Startups

Are you a jewelry artist? If so, submit your portfolio and business plan to Halstead for its annual jewelry grant award of $7,500. In addition to funds, Halstead aims to help jewelry artists develop their business, fine-tune their plans, and hit their goals.

9 Federal Small Business Grants

The Federal government, too, offers grants to support small businesses.

Small Business Innovation Research Program

Good For: Technology Companies

The federal research SBIR grant program is for entrepreneurs focused on innovations in technology that have the potential for commercialization. You can check its funding opportunities here. Focus areas from the past include clean and safe water, homeland security, land revitalization, green construction, advancement of health care, and more.

Small Business Technology Transfer Program

Good For: Energy-Focused Businesses

The STTR program aims to expand funding for innovative research and development leveraging existing technology. What makes this program unique from the SBIR program is that small businesses get the opportunity to formally collaborate with research institutions throughout the program. Each agency sets its own guidelines — check here for open STTR grants.

Department of Defense Grants

Good For: R&D Companies

The DoD offers grants to small businesses through the STTR program and a number of other initiatives, like the Defense Enterprise Science Initiative. The Office of Naval Research, the Air Force Office, and the U.S. Army Research Institute are all looking for research and development of technology that will help them reach their goals.

Department of Energy Grants

Good For: Innovative Technology Companies

The DOE offers grants through the SBIR and STTR programs for innovative research and development leveraging technology developed by a university or a DOE National Lab. Check here for its current grant openings.

National Institute of Health (NIH) Grants

Good For: Biomedical Businesses

NIH is a federal agency within the Department of Health and Human Services (HHS). It offers business grants to small businesses developing and researching biomedical technology. It is currently funding opportunities related to COVID-19 research.

Department of Justice Grants

Good For: Public Safety Projects

The DOJ allocates grant funding to projects that support law enforcement, public safety activities, programs to improve the criminal justice system, and more. Here’s an overview of the agencies within the DOJ that provide grants.

Department of the Interior Grants

Good For: A Variety of Businesses

The DOI offers small business grants through several departments, including the U.S. Fish and Wildlife Services, Indian Affairs, National Park Service, and Native American Graves Protection and Repatriation Act. Find other DOI grant opportunities on

USDA Rural Development Business Grants

Good For: Small Rural Businesses

The Department of Agriculture offers both loans and grants to support businesses in rural areas to create quality jobs. It funds community projects such as the development of housing, community facilities, and other services.

National Institute of Food and Agriculture (NIFA) Grants

Good For: Agriculture & Food Nonprofits

The NIFA is a federal agency within the USDA with a focus on leadership and funding programs. It offers grants throughout the year, which come with support and guidance. Be mindful that many of its grants are offered to nonprofits or larger businesses.

Small Business Grants Specifically for Women

While grants offered by private companies and grants for startups are available to a broader range of business owners, there are also grants specifically for women-owned businesses. You can find resources and information at women’s business centers, but here are two business grants for women to start with.

The Amber Grant Program

Good For: Planning Stage Businesses

The Amber Grant is a $10,000 cash grant awarded to qualifying female entrepreneurs each month. At the end of the year, monthly grant recipients will have the opportunity to win an additional $25,000 grant.

Boston Women’s Fund

The Boston Women’s Fund provides seed money, program support, and operational funding for women-led grassroots community efforts. Find its grant programs here.

How to Find a Grant for a Small Business

A quick Google search will pull up millions of results for business grants. So many possibilities are out there that it can seem impossible to narrow down the prospects. But there are a few resources that can not only help you find the right grants for your business, but even assist in the application process, and help you identify grant opportunities that can’t be missed.

Free money from the government — who wouldn’t want a piece of that? is the federal government agency’s landing page for all federal government grants across agencies. It’s a great resource for finding grant opportunities, but small businesses may be disappointed to find that many of the grants are closed to them. 

The site includes grants for school systems, local governments, individuals, and nonprofits as well, so you have to sift through to find ones that are the right fit for you. Also, the federal grants available to small businesses have specific requirements when it comes to business size. (You can read more about how the federal government determines which businesses qualify as “small” businesses in this article.)

If it seems like receiving a business grant, specifically a government-funded one, is tricky, that’s because it can be. Here are some general guidelines and requirements that the federal government uses to determine business grant eligibility requirements:

  • Grants are not provided for starting a business.
  • Grant money is not made available for a business to pay off debt or to cover operating expenses.
  • State and local grants that are provided by the federal government may be awarded to organizations that assist with economic development.


GrantWatch is another database of grants of every kind, though it’s a subscription-based service you will need to pay for. The site has a wide variety of grants offered by federal, state, and local governments, as well as foundations and corporations. The site is constantly being updated, and grants that have closed are archived. 

You can filter the more than 25,000 grants by category to narrow down the ones targeting small businesses like yours.

Small Business Development Centers

Once you’ve exhausted your searches for grants from federal agencies, the next stop on your list should be local and state business grants. You may be able to hit paydirt and find some of these on your own, but there’s a free, local resource that may help.

Small Business Development Centers are a business owner’s best friend. Local, regional, state, and national offices mentor small business owners and help them understand business financing options, craft marketing strategies, and connect to other local business owners (and much more — these guys do it all). 

One thing they can help with is navigating the grant process. Very few people have as much visibility as SBDC advisors do on the local business grant scene. It’s the one appointment you can’t afford not to make when searching for small business grants.

SCORE is a nonprofit organization backed by the Small Business Administration that promotes free tools and mentorship for American small business owners. Like SBDCs, SCORE is a free resource for entrepreneurs looking for help or expertise and they have many local experts that you can connect with. A SCORE mentor may help you identify local grant opportunities, or review your pitch to help you make it as compelling as possible.

Your Local Librarian

Among the many, many things local libraries provide for free or at a low cost to business owners is help finding grants. Just ask your librarian. These men and women are trained researchers with access to hundreds of databases.


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Libraries often work in conjunction with local Chambers of Commerce or business organizations already and may be able to connect you with experts who know the local lay of the land and help you find business grants specific to your community.

How Do I Qualify for a Small Business Grant?

Each grant has specific qualifications you’ll need to meet in order to apply. It’s important to review these first so you don’t waste your time (and the judges’ time) applying for grants you aren’t eligible for.

Some may require you to be in a certain industry. Others may require you to be in business a certain amount of time or be generating a certain revenue. You may have restrictions on how you use the funds. 

How to Apply for a Small Business Grant

Work smart AND hard. Instead of filling out an individual grant application, do what every job applicant does and create a “resume” for your business that outlines your answers to the common questions business grant-givers ask of their applicants. While grants are technically free money, that doesn’t mean they come without hard work on your part. 

Some applications will vary based on what’s required. For example, a local government grant will likely require an explanation of how your business’s growth and development will benefit local commerce directly, while a grant from a private company like FedEx may require a persuasive video.

Here are a few common details you may need to provide when applying for a business grant:

  1. Time in business
  2. Number of employees
  3. Monthly or annual revenue
  4. How the funds will be used
  5. Your business’s “elevator pitch”
  6. Your Employer Identification Number (EIN)
  7. Your social media handles (LinkedIn, Facebook, Twitter, Instagram, etc.)
  8. A photo of you (and, if applicable, your partners or offices). Tip: A professional photo can go a long way, especially for companies looking to use your image on their site when announcing awards.
  9. A business plan. You should already have one, but if you don’t, talking to an SBDC adviser or your accountant can help you figure out the numbers, projections, and stats that reflect the current health of your business and where you can go down the road.

Business Grant vs. Business Loan: What’s the Difference?

While both help you get money for your business, grants and business loans for small businesses are different beasts. The main difference between a grant and a loan is whether or not they require repayment. Loans require you to repay the money you borrow; a grant does not. Grants can be awarded by government departments, trusts, or corporations and given to individuals, businesses, educational institutions, or non-profits.

Grants can be notoriously difficult to get, so if you apply for funding and are rejected, consider other financing, including business credit cards.

Here are other things to know about the differences between grants and loans.

  1. Grants Are Taxable Income. The IRS generally considers business grants as income for tax purposes. How your business is structured and how you report income to the IRS will determine what impact this will have on you come tax time, but generally, expect that a chunk of any grant money will go to Uncle Sam. You can head off this potential business grant downside by planning ahead and asking your accountant or tax professional to factor any grant money you’re awarded into your quarterly estimated payments (if applicable) or to help you estimate owed taxes and set aside those funds so you don’t have a larger-than-expected bill come tax time. Loans, however, are not considered income in the eyes of the IRS.
  2. You Pay Interest on Loans. Grants are free money for all intents and purposes. Even a low-interest loan, however, comes at a cost. Depending on the type of business financing, you could face APRs anywhere from 5% to 150%, depending on your personal and business credit scores, cash flow, years in business, collateral, and other factors. 
  3. Grants Won’t Help You Build Business Credit. It’s one of the things that frustrates borrowers of all sorts — it takes credit to build credit. Building a business credit history with the major commercial credit reporting bureaus (most notably, Experian and Dun & Bradstreet), requires a tradeline of some sort. While a business grant is nothing to sneeze at — it’s free money, after all — once it runs out, you still may need additional funding to grow and expand your business. And a business grant isn’t reported to any personal or business credit reporting agencies.
  4. Grants Are a Direct Competition. Loans Aren’t. There’s no guarantee you’ll win a business grant or get approved for a business loan. But loans aren’t an either/or scenario where you’re competing directly with another business for the same pot of money. If you can prove to a business lender that you’re credit-worthy and your business financials are sound, you’re likely to get approved for a business loan, whether or not another business in the community applies. Business grants, however, tend to have one or a handful of winners — supplies are limited. You have to not only be a great business, but you also need to be the best business per the grant parameters. That’s not an easy feat for many grants where application requirements are broad.
  5. Loans Can Come With Consequences. If you can’t make a payment or you default on your loan, you’re going to face consequences. What those consequences are depends on the loan type and what you put on the line to get approved, but can include repossessed equipment, a business lien or UCC filing, a damaged personal or business credit score, or bankruptcy. Generally with a business grant, if you use the money unwisely and spend it on something your business wants but maybe doesn’t need, your biggest risk is opportunity cost. (However, keep in mind that larger grants— and especially federal grants—  may have specific reporting requirements, and they may release funds only after certain milestones are met.) 

Are There Any Downsides to Business Grants?

A variety of factors make many business owners skeptical of the “free” money that business grants offer. While every grant has a different application period, rules, terms, and conditions, here are some potential downsides you should keep in mind when applying.

As mentioned above, business grant funds are taxable income for IRS purposes. The funds will still be free money for your business, but you will need to make sure you don’t spend the entire payout without planning for the added income in your tax bill.

Business grant applications take time. You’re already a time-crunched business owner wearing a million hats, do you really have time to apply for every business grant opportunity you come across? It’s a valid complaint about business grants. The likelihood of winning the grant can be small depending on the size of the contest, so you have to make your own cost/benefit analysis to figure out if your most precious asset — time — is worth it.

Small business grants may require campaigning. Many business grants require a social media component, where you campaign or share something publicly about your grant application. That’s not necessarily a negative if you have an active and vocal social media following, but campaigning does take additional time and some business owners may understandably not want to be as public about their search for money.

Any way you look at it, small business grants are a good thing. It’s worth your time and energy to explore which ones your business is eligible to apply for because money you don’t have to pay back is money that helps your business grow.

This article was originally written on November 19, 2019 and updated on August 23, 2021.

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