Yes, there are available grants specifically for black women-owned businesses in the United States of America. The truth is that black women are known to be industrious, but some of them struggle to start their own businesses because of the paucity of funds.

Top 10 Minority Grants for Black Women Owned Businesses

Grants for minority businesses may appear to be few and far between. However, knowing where to look to find the limited available grants can make accessing them a seamless experience. and need grants to grow your business.

53 Minority Grants for Black Women Owned Businesses in 2022

Good enough, some organizations have dedicated funds to support black women who want to start businesses or those who already own businesses but are looking for funds to expand. A great place to start is making sure you understand the list of grant eligibility criteria that has been instituted by the grant-issuing individuals and agencies.

It is important to understand that Black-owned businesses seeking grants for their businesses are expected to have a list of documents, numbers, and information handy to show venture capitalists and grant-issuing agencies your preparedness when applying for grants. Having said that, here are some of the available grants specifically for black women-owned businesses in the United States of America.

53 Minority Grants for Black Women Owned Businesses in 2022

Where to Start your Search for Available Grants

1. Federal Grants

The federal governments are always the best places to start with when you are in search of grants. The government provides a grant database website where all your queries will be answered. You could search by the agency, the category, and the Recovery Act opportunities.

Most grants which are given by the federal government are given to the non-profits to help the business grow better in their communities. These grants are also for the companies and organizations who do their business by having the federal government as their contractor.

Another place where African American women can approach for help to build their own business would be the Minority Business Development Agency of the federal government. The agency has local offices spread throughout the country and for sure would serve the African American women business owners to find grant sources in their locality itself.

2. State and Local Grants

The state’s grand office wouldn’t be a bad idea to start when searching for grants for African American women. These offices will contain a list of all the opportunities that are available to them be it from the local, state, or federal part.

The list will include all the opportunities from education to housing and also for setting up your business. The local grants or the state grants that are available to the minority women or the companies will be helpful in producing jobs for them and also set the tone for the economic growth of the different industries in the state.

53 Minority Grants for Black Women Owned Businesses in 2022

According to U.S. Chamber 2020, women-owned small businesses have been more heavily impacted by the coronavirus pandemic than male-owned small businesses, and they are less likely to anticipate a strong recovery in the year ahead, new data show.

The face of business has changed a lot since the government, nonprofit organizations and other agencies have started to provide grants for black women. However, with the global pandemic, the effect it had on business was felt in no lesser measures. This situation has necessitated the need for grants to help provide funding opportunities for businesses.

Women are indeed the new face of business now. According to the National Association of Women Business Owners (NAWBO), It is estimated that about 30% of U.S. businesses, which amounts to about 7.5 million businesses are owned by women. As such, women are leading the pace in business.

53 Minority Grants for Black Women Owned Businesses in 2022

Applying for Small Business Grants

As a business owner, applying for grants may be part of what your business does in terms of cash flow to keep you in business. The same thing applies to new business owners who have just taken the plunge to start their own businesses.

Indeed, learning how to navigate the business world to find Grants that meet your needs can mean all the difference in your business. Here’s some helpful step-by-step guide to finding and applying for small business grants you should know about:

  • Know what Grants you seek
  • Do your research ahead of time
  • Make sure you meet the eligibility requirements
  • Get all the application essentials
  • Apply early to have a better chance of getting awarded
53 Minority Grants for Black Women Owned Businesses in 2022

Business grants for minorities come in federal, state, or even through the county where one’s business is located. Though there are other options such as third-party grants that are offered by agencies and organizations that are committed to helping women starting small businesses succeed.

As a minority woman starting her own business, the first step you want to take is to find grants that are tailored for your type of business. When you are familiar with what type of grants to look for, the next step would then be to apply for these grants.

Applying and receiving grants do not happen without some commitment and some lengthy work on your part, but you can rest assured it’s a worthwhile business investment.

If you have always wondered, how to get government grants for minority businesses, or how to apply for minority business grants? You have come to the right place. Here’s how to apply for grants for minority business owners below.

Minority Grants for Black Women Owned Businesses

53 Minority Grants for Black Women Owned Businesses in 2022

Table of Content

1. Amber Grant for Women

The Amber Grant was founded by WomensNet in 1998. The grant was established to honor the memory of Amber Wigdahl who died before realizing her business dreams just at the age of 19.

The Amber Grant was created to help minority women achieve their dreams to start a business. This was an initiative by the government in which every month a winner is selected and given $500. At the end of the year, one of the twelve monthly winners will be given $1000.

These enhanced grants for minority women enabled them to get their lucky angels in the form of investors and mentors. The lucky part is that you don’t need any form of capital. The application only demands an introduction of the idea you have in your mind. WomensNet has successfully given out at least $30,000 every month in line with the mission of the organization.

In recognition of the diversity of businesses owned by women, The Amber Grant also expanded their grant-giving to include, “Business Category Grants,” “Marketing Grants,” as well as two “$25,000 Year End Grants.” Most of the beneficiaries of these grants are black women entrepreneurs and aspiring entrepreneurs.

Requirements
  • You must be a woman entrepreneur (preferably a black woman)​
  • You must have an existing business or plans to start a business
  • You must have a well-written business plan document
How to Apply
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications.

Please note that submitting your application makes you instantly eligible for all grants related to your business. They usually announce the grant winners by the 23rd of every other month.

2. The Halstead Grant

The Halstead Grant is especially for the women who are in love with the jewelry and have plans to start a business in the same field. The grants awarded by this program are in large numbers. Every year a winner who is selected will be receiving $7500 and another $1000 in supplies.

The program also offers other perks for these minority women. The finalists will be receiving $250 for the top ten placements and $500 for the top-five placements.

3. Zions Bank Smart Women Grants

Grants-for-Black-Women-Federal-State-Local-Aid-AfricanAmericanGrants.Org

The Zions Bank’s group provides financial support to the women with their Smart Women Grants. This was started as a part of their commitment to helping minority women with great business ideas.

4. National Association of Black Accountants (NABA)

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The association started its work mainly to bring up the minority women and has provided over $8 million to the deserving students who were going on with their preparation to enter different business professions. All the amount given by the National Association of Black Accountants was given as a scholarship to the ones who had the quality in them.

If you collect the data on an annual basis you will come to know that the association provides around 40 to 70 scholarships every year. The prize money for the scholarship could be in the range of $1000 to $10000.

One main criterion that is mandatory to be qualified for the grants from the organization is that the applicant should belong to one of the ethnic minorities. The applicant should also have enrolled in an academic institution. In this way, the NABA has added another name to the List of Grants for Black Women.

5. National Association for the Self-Employed Growth Grants

This organization is committed to helping with financing a given small business need. The funding from this organization is worth up to $4,000 each. This grant can also be renewed on a yearly basis.

The National Association for the Self Employed Growth grant is definitely one that is geared toward helping those who are self-employed individuals to gain financial freedom by providing them with these self-employed growth grants that they can easily apply for.

6. The New Voices Fund

The New Voice Fund is a funding program established by the SheaMoisture haircare and skincare products founder Richelieu Dennis which is worth about $100 million. The fund is geared for women entrepreneurs of color at the annual Essence Festival.

The funding was established to help bridge the gap of female entrepreneurs and create opportunities for minority women who may be interested in learning more significant changes the world of women business funding is going, particularly in the wake of the challenges that minorities face when it comes to adding an idea getting approved for funding.

7. Girlboss Foundation Grant

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What makes the Girlboss Foundation unique is the fact that they uniquely cater to and support women entrepreneurs. This foundation has given away over $130,000 since 2014. The Girlboss is also very helpful in the provision of mentoring opportunities that women can apply to.

This foundation also provides some other helpful and valuable information, tips, and guides on how to start a business, entrepreneurship, and more. The Girlboss Foundation helps women navigate the everyday challenges of starting a business and helping them with tools to help them succeed.

8. FedEx Opportunity Knocks Small Business Grant

FedEx started a program where you can share your small-business story and by doing so, you are able to enter for the opportunity to win the prize of –$25,000. The process involves the general public voting for the finalists when it gets to that stage.

This is a great opportunity for people who are looking for a funding opportunity to start their business. The FedEx Opportunity Knock Small Business Grant is also open to anyone with experience and those who are just starting out on the business journey.

9. National Association for the Self-Employed Growth Grants

You can apply for grants up to $4,000 that you can use to kickstart your business or entrepreneurship journey. This grant also covers the expenses made in the purchase of computers, printers, and other equipment you may need in your business day to day running.

This grant also covers the expenses incurred throughout the hiring process of part-time help, and other marketing materials you may require to run your business successfully. This is a great program for both beginners who are looking to start their business and those who are trying to expand their business ventures.

10. Minority Business Development Agency (MBDA)

53 Minority Grants for Black Women Owned Businesses in 2022

This program by MBDA is a U.S. Department of Commerce agency that assists minorities and women in business in establishing and growing their businesses. This program provides funding to help new business owners and those just starting out.

The MBDA also provides valuable information for grants that you can apply directly to the links provided on their website. The agencies and organizations are great resource that helps to provide more grant opportunities for minorities and women.

11. United Negro College Fund

This organization is one of the oldest ones to provide grants for women and minorities. The grants from the United Negro College Fund (UNCF) can be applied online from anywhere around the world. The UNCF also provides valuable links to other organizations and agencies you can get black women and minority grants from.

This organization has stood the test of time and has a history of supporting black women and minorities in their quest for business funding and other ventures they embark on.

12. National Black Nurses Association (NBNA)

The National Black Nurses Association (NBNA) is a black-owned and operated association that awards grants, scholarships, and fellowships to black women that are either interested in the field of nursing, pursuing a program in nursing or hoping to do so in the nearest future.

13. National Physical Science Consortium

53 Minority Grants for Black Women Owned Businesses in 2022

This organization does provide scholarships and grants to black women who are planning to purse a doctoral degree in the physical sciences.

This field has traditionally been quite underrepresented from inception, especially by black women and other minorities. However, these scholarships have been established to help change that situation, and create more opportunities to black women globally.

14. National Association of Black Journalists 

The National Association of Black Journalists (NABJ)  is an organization that is vested to provide helpful information, grants and scholarships to black students that are interested in a career in journalism. The (NABJ) provides opportunities for black women to help them apply for the scholarships and grants that they provide to the tune of $25,000.

15. Julianne Malveaux Scholarship

This organization is committed to helping bridge the achievement gap in the African American community. This particular scholarship is geared specifically towards black women that are vested in journalism, economics, public policy, the Arts and other areas that are related, provided they attend accredited college or university.

16. Gates Millennium Scholars 

This foundation helps African Americans and other minorities with funding for students based on academic merits, leadership qualities, and community development involvement, and more. What makes this program unique is how much the program covers the different areas of funding for African Americans that you can draw from.

17. Women’s Independence Scholarship Program 

53 Minority Grants for Black Women Owned Businesses in 2022

This laudable organization provides educational grants and scholarships for African American women who have left or running away from abusive situations and partnerships. These grants from Women’s Independence is geared to helping abused minority women to help them accomplish some form of independence and financial and socio-economic freedom.

18. American Association of University Women

The American Association of University Women (NACME) provides grants, scholarships, and fellowships to minority students pursuing degrees in engineering. Some of these scholarships are based on merit, need, community involvement, and leadership skills.

19. Congressional Black Caucus Spouses

The Congressional Black Caucus Spouses have established several grants and scholarships for minority women that they can easily apply for. If you are an African American pursuing full-time studies can apply. This program aims to empower African Americans to be able to do more financially.

20. The National Foundation for Advancement in the Arts

53 Minority Grants for Black Women Owned Businesses in 2022

This esteemed organization provides grants for African American women, pursuing creative Arts in any capacity. This program is made possible through the collaboration with their Young Arts Program.

21. National Nuclear Security Administration

The National Nuclear Security Administration, which is an agency of the Department of Energy has established grants for African American women and other minorities who are interested in pursuing the HBCU STEM Fellowship Program.

This agency also provides fellowships and stipends to graduates who successfully completed their programs at any historically black colleges and universities who intend to follow up with a Master’s level programs in science and technology, or in any mathematics and engineering field. More information can be obtained on this page.

22. The Alpha Kappa Alpha Educational Advancement Foundation

This reputable organization, Alpha Kappa Educational Advancement Foundation (EAF) provides both educational and business grants, scholarships, fellowships, and community assistance awards that have been established to support African American women.

The program aims at bridging economic gaps and providing access to opportunities and financial freedom, to help supplement educational funding that is available to them.

23. Zeta Phi Beta Sorority National Educational Foundation, Inc

53 Minority Grants for Black Women Owned Businesses in 2022

This foundation has worked quite closely with African American women to empower them with valuable information, grants, and scholarships to help them pursue their business and educational goals.

This agency also offers scholarships and fellowship grants to black women that are enrolled or pursuing degrees in higher education. The Zeta Phil Sorority Grants are based on the needs of the applicant.

24. Sigma Gamma Rho Sorority National Education Fund

This education foundation is committed to the economic stability and access to the education of African American Women and other minorities. The organization provides helpful grants to African American women to help them with their educational and business goals and establishments.

25. The Society of Women Engineers

Last, but not least is the association that consists of women engineers who have come together to provide grants and other scholarship opportunities for women and other minorities. The program is geared toward providing educational and other opportunities to the African American community.

26. Cartier’s Women’s Initiative Grant

The Cartier’s women’s program empowers women with access to funding for their business and other projects. This funding opportunity is one that also creates a path for training for women who are looking to start their businesses, nonprofits and other ventures.

27. The National Council of Negro Women’s Grant

The National Council of Negro Women is committed to the advancement of Black women in business. They provide funding opportunities for women who are interested in starting their own business and do not have access to the funds that they need to get things started.

The NCNWG also creates a very progressive mentorship program for new members who are interested in mentoring others in the organization.

28. Black Career Women’s Network Grant

53 Minority Grants for Black Women Owned Businesses in 2022

The Black Career Women’s Network Grant is a program that was established to help connect women with Grants for their businesses. This nonprofit also focuses on helping black women get ahead in their careers. The BCWN also provides career coaches and mentors and helps connect black women with business and career opportunities.

29. Black Women’s Blueprint Fund

This BWBF nonprofit organization for black women provides resources for black women who are interested in being part of grassroots efforts and combating issues relating to criminal justice, police violence, economic justice, and education. The program provides funding opportunities for Black women to help them thrive in their business ventures.

30. The National Congress of Black Women

The National Congress of Black Women is a nonprofit that positions itself as a platform that empowers black women. The nonprofit also provides valuable educational, political, and cultural development opportunities for black women and youth.

This is done by providing extensive mentorship and training for black women, especially in terms of preparing them for leadership positions in government, non-profit, and private sectors. The NCBW provides Grants for Black women to help them build their businesses.

31. The National Association of Colored Women’s Clubs

The National Association of Colored Women’s Clubs provides funding opportunities for women, and several other incentives to help increase engagement and advance the moral, economic, social, and religious welfare of all black women and their families. This NACWC program has over 245 charter clubs in five regions in the U.S.

32. The SF Women’s Entrepreneurship Fund

The SF women’s Entrepreneurship fund is geared toward helping women realize their dreams. The program focuses on women who are looking to start their own businesses in different spheres. Here is the list of criteria you should meet to be eligible for qualifying for this grant.

Your business must:

  • Be a for-profit business
  • Have up to 5 employees
  • Have been in operation since at least September 16, 2019
  • Have had less than $2.5 million in gross annual receipts in 2018 or 2019
  • Have seen a 25% decline in revenue because of a closure or reduced operations during the coronavirus outbreak

When you have checked the grant eligibility criteria, and find that you meet them, applying is simple. Once you submit your application, you should hear back within a few days. Keep an eye on the application in case you are requested to send in accompanying documentation to support your application.

53 Minority Grants for Black Women Owned Businesses in 2022

33. $10,000 First Women Grant Program

If you are a Black woman who has her own business, you definitely could do with an additional $10,000 grant. This program provides financial assistance to women to help grow their businesses, start one, or invest in one. This is a program by First Women Initiative. The application process is very clear, and the requirements can be provided online during the application process.

34. $7.5 Million Verizon Grants for Women

Verizon has pledged $7.5 million to support women. Verizon Small Business Recovery Fund, (VSBRF) provides grants of up to $10,000 to small businesses, particularly in historically underserved communities hit hard by the pandemic. Especially entrepreneurs of color, women-owned businesses, and other enterprises that don’t have access to flexible, affordable capital.

35. $20 Million Lowe’s Grants for Minority and Women-Owned Businesses

As a small business owner getting grants to help create financial opportunities for these businesses by providing them access to grants that will help them in navigating the challenges of running a small business in 2021. The grants are designed to be seamlessly accessed by registered business owners who are interested in grants to help grow their businesses.

36. $25 Billion Restaurant Revitalization Funds – SBA Grant For Women-Owned Restaurants and Food Trucks

53 Minority Grants for Black Women Owned Businesses in 2022

The SBA grant for women who own their own restaurants, food trucks, and other food services can apply for this grant. If you own a food business, this is a great option to explore. The application process is simple and requires you to provide information as regards your food business and how you have been affected by the pandemic.

This grant is open to individuals who are also veterans, minority-owned business owners, and those who identify as a member of an economically disadvantaged population. This grant is open for only a short time, so applying early is important in getting your application in on time.

37. USDA Start-Up Grants for Women Farmers and Ranchers

The United States Department of Agriculture (USDA), through the National Institute of Food and Agriculture (NIFA), released a new program that you can benefit from if you are a woman-owned farming business owner.

This program was instituted to assist women with the funding they need to be able to get their business off the ground, grow a current one, or purchase tools and machinery. This is a grant that can be helpful in many ways, applying for this grant is also simple, and straightforward.

38. iFundWomen

53 Minority Grants for Black Women Owned Businesses in 2022

 IFundWomen (IFW), is yet another incredible source for women of any race or ethnicity. The IFundWomen program is specific to women seeking financial capital via the IfundWomen platform. The program is an excellent source of resources for business owners and those who are just starting out.

Additionally, the IfundWomen program extends business opportunities to those who require mentorship on how to get their business started. The platform also provides feedback and lots of business tools and resources that come in handy for entrepreneurs generally.

39. The Red Backpack Fund

40. Female Founders Fund

For new business owners in the tech space, especially black entrepreneurs and minority entrepreneurs seeking early-stage funding opportunities to get their inventions and dream business started. For women technology founders, this is a great opportunity you can explore for funding purposes.

The Female Founders Fund helps Black and minority entrepreneurial women. access funding and business opportunities to help them in their quest to bring their business ideas to life.

41. Black Girl Ventures

Black Girl Ventures (BGV) is yet another great platform, just as the name suggests, that provides access to Black women in business, or those starting business ventures. The platform also provides mentorship, program development, and community resources, and other business tools and resources for Black and minority women-identified entrepreneurs and business owners.

The BGV platform also offers a business-oriented platform where new business owners can participate in question and answer sessions with a team of an expert panel of minority business professionals and consultants.

They also offer the needed support to minorities in obtaining capital, applying for grants, obtaining loans (even if they have poor credit), and receiving other forms of assistance. The organization’s partners, which include non-profits, banks, and corporations, provide an ongoing list of assistance programs.

Requirements
  • You must be a female entrepreneur (preferably a black woman)​
  • You must have an existing business or plans to start a business
  • You must have a well-written business plan document
How to Apply
  • Fill out their online application
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications.

42. NCR-SARE Grant Program

The NCR-SARE Grant program is focused on helping farmers who are invested in the agriculture sector. The grant program was launched to support funding programs that are tailored for those going into farming, already have a farming business, and need grants to grow and thrive.

The application process is one that can be easily accessed online. The funding program can help you put things in the right perspective. For those who are also looking for other funding options, here are a few grant programs that you can check out as Black farmers wherever you are located.

43. $100 Million Black Girls Dream Fund

53 Minority Grants for Black Women Owned Businesses in 2022

The Black Girl Dream Fund is a great program that established a $100 million grant for Black women starting and growing their businesses. This program also helps to create a mentorship and training program for Black women looking for business support and development programs.

The grant program helped to create a system where the program applicants can monitor their applications through an accessible dashboard. The application process is also streamlined to help new applicants understand what to expect when it comes to starting their own business.

44. MBE Grant Application

The MBE grant program is another grant program for Black women in business and those starting their own businesses. The process involves a number of documentation requirements, and as a way to support minority-business owners. This grant program is highly focused on providing grants for black business owners.

The application process has detailed instruction that takes you from the start of the application process all the way to your grant application submission. The confirmation of the grant application can also be followed up and monitored through the dashboard access provided by the grant-issuing agency.

45. FireLight Media Grants

The Firelight Media Grant program provides funding programs for Black and minority media program developers. For those who are into creating creative media programs for the community, films, and talk shows. This grant program can also help create other opportunities for Black businesses owners in the media and entertainment space.

The process starts with applying for the grants that you are interested in and following up with ensuring that you provide the necessary information requested on the website. The FireLight Media Grant program also provides helpful information to help those that are part of the media movement to change current representations in the minority film industry.

46. National Black MBA Association

Another grant you should consider applying for as a black woman entrepreneur is the National Black MBA Association business grant. The National Black MBA Association launched its Scale-Up Pitch Challenge in 2017. The main purpose of launching this idea is to fulfill the mission of the Association which is to help create and support wealth-building opportunities for its members.

National Black MBA Association® gives startups the opportunity to network with venture capitalists and early-stage investors who are ready to invest. The 3 finalists will compete in person in Atlanta before a panel of judges on September 29th.

The winning team will be awarded a $50,000 Grand Prize, with additional top prizes for 2nd place and 3rd place as well as a People’s Choice Award. Interestingly, all the winners of this grant in 2020 were black female entrepreneurs.

Requirements
  • Applicants must be a member of the NBMBAA
  • At least half of the company must be black-owned
  • Applicants must be 18 or over and a US resident
  • Business ideas pitched must be in the early stages of development.
How to Apply
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications.

47. The Black Founder Startup Grant

The Black Founder Startup Grant program is offered by the SoGal Foundation and other sponsors. The aim of this grant program is to provide business grants to black women who own a business and would want to scale up the business or even those who are looking to start a business.

SoGal Foundation gives grants of up to $10,000 and they also provide business mentoring and all the needed support to help the business grow. SoGal partners with Bluemercury, twelve NYC, and Twilio, Winky Lux to choose those that are qualified for their $10,000 and $5,000 grants.

Requirements
  • You must be a black woman or nonbinary entrepreneurs
  • You must have an existing business
  • You must have a well-written business plan document.
How to Apply
  • To apply, you should visit their official website and follow the instruction stated on the website
  • Submit all the necessary documents.

48. Build Your Legacy Grant

Build Your Legacy grant is yet another grant-issuing organization that offers grants of up to $100,000 to black women entrepreneurs in the United States of America.

The Build Your Legacy Grants in collaboration with Essence and PineSol give grants and business support and mentorship for up to six months to black women who are setting the standard, raising the bar, and building their legacies at home and in the world of business.

Requirements
  • You must be a female entrepreneur (preferably a black woman)​
  • You must have an existing business or plans to start a business
  • You must have a well-written business plan document
How to Apply
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications.

49. Black Vision Fund

Black Vision Fund is yet another grant-issuing organization that gives out grants to black women who are into business. The program more or less offers free grants and/or low-cost loans to Black-owned businesses.

Please note that the funds work indirectly with various Community Development Financial Institutions (CDFIs) to help provide capital. Have it in mind that any small business owner, or entrepreneur, can apply, but will have to apply directly to the CDFIs for financial assistance.

Requirements
  • You must be a female entrepreneur (preferably a black woman)​
  • You must have an existing business or plans to start a business
  • You must have a well-written business plan document
How to Apply
  • Fill out their online application
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications.

50. Black Restaurant Accelerator Program

The Black Restaurant Accelerator Program is a business support and grant-issuing organization that is primarily intended for black-owned restaurants. This financial assistance/grant program is a collaboration between Pepsi and the Urban League.

Established restaurant owners could get capital, mentoring, training, and other assistance to help them keep their businesses open, start a new one or grow an existing one. Please note that the accelerator program is available in Atlanta, Baltimore, Chicago, Cincinnati, Cleveland, Houston, Jacksonville, Las Vegas, Los Angeles, New Orleans, Philadelphia, and Washington, DC.

Requirements
  • You must be an entrepreneur (preferably a black woman who owns a restaurant business)​
  • You must have an existing business or plans to start a business
  • You must have a well-written business plan document
How to Apply
  • Fill out their online application
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications

51. Entrepreneurs of Color Fund (EOCF)

The Entrepreneurs of Color Fund (EOCF) grant is available in numerous cities in the United States, such as Chicago, Detroit, Los Angeles, New York, San Francisco, and Washington.

A number of banks, non-profits, CDFIs, and government resources are used to help BIPOC businesses obtain the necessary capital they require. It may include information on free government grants, low-cost loans, counseling, microloans, and more.

Requirements
  • You must be an entrepreneur (preferably a black woman)​
  • You must have an existing business or plan to start a business
  • You must have a well-written business plan document
How to Apply
  • Fill out their online application
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications.

52. SHE Can Fund from McBride Sisters

McBride Sisters’ SHE Can Fund offers multiple assistance programs to underserved businesses, such as women and people of color. Grant programs, scholarship services, and partnerships such as free Facebook advertising credit, marketing assistance, and more are available. One significant goal is to assist businesses in obtaining the capital they require.

Requirements
  • You must be a female entrepreneur (preferably a black woman)​
  • You must have an existing business or plans to start a business
  • You must have a well-written business plan document
How to Apply
  • Fill out their online application
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications.

53. Coalition to Back Black Businesses

The Coalition to Support Black Businesses provides grants of up to $5,000 to Black-owned businesses. Financial assistance is consolidated with a variety of resources to help businesses attain success.

There are numerous training programs available, as well as free mentoring. The funds are mostly for small businesses with fewer than 20 employees, and the free grants are provided in collaboration with American Express and the US Chamber of Commerce Foundation.

Requirements
  • You must be a female entrepreneur (preferably a black woman)​
  • You must have an existing business or plans to start a business
  • You must have a well-written business plan document
How to Apply
  • Fill out their online application
  • Write about yourself and your business dream
  • Attach all the required documents
  • Submit your applications.

The Bottom Line

There you have it! The 41 lists of grants for Black-owned businesses. It is important that you ensure you have the right documentation and meet the grant eligibility criteria to apply for these grants. One other thing you have to remember is grants are quite time-sensitive and require that you meet the deadline that the grant-issuing agencies have stipulated for the grants in question.

Finding grants for Black women can be quite challenging, but very rewarding. When you finally get the grants you need, you would be able to put the money into good use. Therefore, take your time and look for grants that you are sure to meet your business needs, and do not hesitate to apply without wasting any time whatsoever.

To qualify for grants, you have to check the requirements of the grants. You should meet the criteria listed for a given grant for you to be successful at receiving the grant. Loans need to be repaid. Grants, on the other hand, do not have to be. Grants are free.

To apply for grants, find the link, the source, website, or some instructions detailing how you can apply. When you apply for a grant, you may submit some personal information such as your e-mail, which can be used as a way of reaching you if you win the grant.

Most grants come with a deadline for when you can apply. Check with your sources to ensure that you meet the deadline for the grant you are interested in applying for.

Conclusion

Finding the ideal grants for African Americans and minorities can be quite the process. However, knowing what kind of grants you seek can definitely help in making the needed difference when it comes to a well-crafted grant application you can be proud of.