Yes, there are available grants for black single mothers to start their businesses in the United States of America. The fact that black single mothers have to carter for their kids alone and also take care of themselves means that they can only survive the society if they receive some form of support from the government and other stakeholders.
The truth is that there are loads of black single mothers in the United States of America who have succeeded in starting their businesses from scratch from the grants they received. Some have even gone ahead to expand and grow their business to become national brands as a result of the grants they received.
If you are a black single mother, and you are not sure of how to access grants for your business, then you may want to consider the following opportunities.
Available Grants for Black Single Mothers to Start a Business
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The Google Grant for Black-Owned Businesses awards non-dilutive cash grants to Black-led businesses (businesses that are operated by black single mothers may receive preferential treatment) that have taken part in its initiatives or that have been shortlisted by the Google partner community or a past recipient.
The Google for Startups Black Founders Fund offers financial awards to Black business owners to allow them to develop and expand their companies. Picked founders gain $100,000 in seed funding, as well as Google Cloud credits and hands-on assistance to help their businesses thrive.
Google Inc. is a global technology enterprise based in the United States that specializes in Internet-related products and offerings.
To be eligible for this grant, here are the criteria you are expected to meet:
- This initiative is available to North American black-led technology startups.
- The accelerator program is particularly fit for seed to series A revenue-generating North American tech startups.
- Participating companies are expected to have a minimum of 10 employees, and the founder and appropriate team members should be willing to take part in all program components of their group. Startups must also be eager to utilize AI/ML technology in their product, service, or operations.
How to Apply
The Google Grant for Black-Owned Businesses, a 10-week digital accelerator program for high-potential Seed to Series A tech startups premised in North America, is now accepting applications. Black Founders began in September 2022. The group will include 10-12 top North American-based startups. If you want to apply, go to https://startup.google.com/accelerator/black-founders/ and fill out and submit the grant form.
Linktree launched the Passion Fund to commemorate the release of Commerce Links. This grant program was established to provide cash assistance to innovators, business owners, activists, or anybody including black single mothers who have big dreams in order to assist them to transform their desire into a livelihood.
The Passion Fund was established to assist those who have the boldness and dedication to transform their business interest into a livelihood. Whether you’re just looking to start out or are fully employed in your passion, the Passion Fund can provide you with the financial surge to take your concept or establishment to a higher level.
- You must become a Linktree user.
- At the time of filing, you must be over the age of 18.
- Live in a country that is qualified for the Passion Fund.
How to Apply
If you meet the eligibility requirements, you can apply online at the grant website. Applications will be judged by a committee of innovative and entrepreneurial industry experts.
They were selected for their individual stories and experiences in transforming a passion into a successful enterprise. After you complete your application, you would get an email verifying that they accepted it. When forwarded, your application is absolute and cannot be changed.
WomensNet established the Amber Grant in 1998. The Amber Grant was established to commemorate the life of Amber Wigdahl and was among the first online organizations to provide grants to women-owned businesses including black single mothers.
Amber was a young woman who passed away at the age of 19 before achieving her entrepreneurial goals. They have continued her legacy by awarding a $10,000 Amber Grant to a female business owner every month, as well as a supplementary annual $25,000 Amber Grant to any of the previous 12 monthly winners.
Although this grant is not limited to black business owners, it does have a long history of assisting small, women- and minority-owned enterprises. Each month, they also award a $10,000 grant to a business owner in the “Business Category.” Fashion designers, restaurant owners, health and wellness practitioners, and hair product business owners are among the 12 categories.
To be eligible for Amber Grants in 2022, here are the requirements you will be expected to meet;
- Businesses must be at least 50 percent owned by women.
- The company must be premised in either the United States or Canada.
- The applicant should be at least 18 years old.
- There is a $15 application fee.
How to Apply
Indeed the application procedure for Amber Grants is pretty straightforward. You’ll complete a short form on the Amber Grant website, letting the organization know the basics regarding your business concept as well as how you intend to utilize your grant funds.
Please keep in mind that there is a $15 application fee. WomensNet will forward an email confirmation immediately after your application is received. This email includes take-in information as well as a link to their preferential marketing manual. If you haven’t received the email within a few days, check your spam folder.
Amazon Grants for Black Business is Amazon’s new Black Business Accelerator designed to assist Black entrepreneurs including black single mothers in succeeding as Amazon sellers. The principal goal is to assist black businesses in the United States in growing and to aid in the struggle against racism and disparities.
Chosen fellows will be able to expand their businesses with additional funding, critical strategic assistance and coaching, and promotion and advertising assistance.
The initiative was designed in collaboration with Amazon Black Employee Network and a consortium of key stakeholders, and it specifically targets hindrances to access incentives and development caused by structural racism in America.
This system offers economic help, online courses, and mentoring, as well as marketing and branding of their services and companies as Amazon third-party sellers.
- You must reside in the United States.
- The business can only be owned by people of color
- You ought to have a Professional Sellers account on Amazon.
- You ought to have a physical product(s) available to sell and promote.
- You should submit a valid minority-owned business registration or certification to their account in Seller Central accessible at the National Minority Supplier Development Council, U.S. System for Award Management, U.S. Small Business Administration, or Supplier GATEWAY, proving the company is Black-owned depending on the requirements of the certifying body.
How to Apply
To apply, you are expected to visit the Amazon Black Business Accelerator website. Amazon’s only requirement is that you fulfill these eligibility requirements. After they have been met, an account manager will notify you to enlist.
If you fulfill the requirement but have not yet been invited to participate, kindly go to the Black Business Accelerator page and click “Get Started” to fill out the interest form. You can obtain the applicable grant perks after enrolling in the Black Business Accelerator. You can discontinue obtaining grant perks at any time.
Target grant for black businesses is Target’s commitment to devote $2 billion to Black-owned businesses (black single mothers owned businesses inclusive) by the end of 2025. Note that since making the commitment, the retail chain has multiplied its financing in Black-owned products, businesses, and vendors by more than 50%.
Indeed, there are many more financing alternatives open to BIPOC small businesses than ever before, and Target is at the top of that prosperous agenda. Target is launching innovative resources to assist its Black-owned vendors to develop and effectively scale their companies in mass retail.
Note that this interest intensifies Target’s prior agreements, which include growing Target’s representation of Black team members by 20% within the next three years and striving to commit funds to nonprofit collaborators that work to address institutional and systemic obstacles that Black communities face.
- Available to all product categories available at Target aside from apparel and accessories, jewelry, DVDs, CDs, car seats, shoes, strollers, books, movies, music, video games, bath, bedding, furniture, heating, cooling, air quality, home appliances, kitchen, and dining
- Will need to be an LLC, C-Corp, B-Corp, S-Corp, or other registered entity
- Will have to be 18 years or older
- Expected to have a physical product for sale
- Will also need to have the desire to sell products in mass retail one day
- Should sell directly to consumers online, in specialty stores, or have a limited physical presence.
- Have a minimum of 6 employees and a lifetime revenue of $5,000 – $500,000
- You must not be a current Target vendor.
How to Apply
To apply, you are required to fill out the application form on their website and also upload all the required documents as stated on their website.
SoGal’s Black Founder Startup Grant was founded to eliminate weak to no funding for black female-owned businesses (black single mother-owned businesses inclusive).
The few who obtain this grant would receive positional assistance in maneuvering the larger funding environment, giving them a much more appropriate chance of rounding the next billion-dollar concept. They also will have unrestricted rights to the SoGal Foundation and SoGal Ventures teams for the rest of their lives.
The SoGal Foundation has partnered with Winky Lux, Bluemercury, twelve NYC, Twilio, Walmart.org’s Center for Racial Equity, and many other sponsors to provide multiple $10,000 and $5,000 cash grants to Black women and gender-fluid business owners.
- You must be a black woman who owns a business (black single mothers inclusive)
- You must make sure your company is lawfully registered.
- Wish to pursue investor funding to expand, either now or in the coming years.
- You must have a cost-effective, moderate remedy or concept that has the potential to become the next billion-dollar company.
How to Apply
You can apply for this grant from their website. To fill out the online application, you must visit the grant website (http://www.iamsogal.com/black-founder-startup-grant/). On a continuing basis, eligible candidates can apply.
It is important to state that most of the grant-issuing foundations listed above are not just restricted to black single mothers but are also open to black women who own businesses in the United States.