5 EASY SINGLE MOM SMALL BUSINESS GRANTS

single mom small business grants

Single Mom Small Business Grants are generally hard to come by because most grants are usually inaccessible by women or single moms alike.

However, I cannot be overemphatic on the importance of funding to small businesses, especially when it comes to single moms.

It’s no news; how financially demanding it is to raise kids and fund small businesses in their early stages.

On that note, these government agencies, private and non-profit organizations listed below, go out their way to provide grants for single moms and female Entrepreneurs annually/ monthly.

 

  1. National Association For the Self-Employed (NASE) Growth Grants

NASE is a program that focuses on providing grants annually to her 50,000 members, single moms inclusive. So it invariably implies that before you would be able to access this grant, you need to become a member.

However, basic membership in this program costs $120 annually. Besides access to small business grants, NASE provides her members with other services like legal advocacy, discounts on products, and networking resources.

Furthermore, NASE has successfully awarded grants prizes worth over $1 million to her members since 2006.

Requirements

To qualify for small business growth grants from NASE as a Single Mom;

  • You need to submit a resume and business plan, demonstrating how the grant money would aid your business.

Benefits

Access to multiple grants worth $4,000 each.

How to Apply

Applications are received online on NASE Website

 Read Also: List of high paying home businesses women can start with low capital

  1. Eileen Fisher Women-Owned Business Grant Program

Since the inception of this program in 2006 by Eileen Fisher, a good number of single moms have benefitted from the grant.

Eileen Fisher Women-Owned Business Grant Program annually generates total revenue of $100,000 to 10 small businesses owned by women. So a total of 10 women get $10,000 each to fund their businesses every year.

However, the program narrows their search to businesses with positive environmental and social impact.

Requirements

  • You must own at least 51% of the business.
  • Your annual revenue must not exceed $1million.
  • Your business must have been in existence for at least three years.

How to Apply

Visit the Official Website to apply online.

 Read Also: 5 Rising Women In Business To Watch Out For In 2020 [With Business Details]

Single mom small business grants

  1. Amber Grant

Amber Grant was initiated in 1998 by womensnet.com in memory of a young Entrepreneur – Amber Wigdahl- who died at the age of 19. This grant aims at inspiring women and single moms alike.

Furthermore, the organization awards $2,000 Amber Grant to qualified Beneficiaries monthly. Also, an additional $25,000 is assigned to one of the monthly recipients at the end of the year.

Similarly, all grant recipients are featured on www.womensnet.com, their Facebook page, and the email list.

Eligibility

  • You must pay an application fee of $15

How to Apply

  • Tell your story in written format and submit to womensnet.com. However, applications close every last day of the month.

  1. Cartier Women’s Initiative Award

Cartier Women’s Initiative Award is another single mom small business grant that awards 21 female Entrepreneurs once a year. They beam their searchlight on businesses with a distinct level of potential to grow.

However, to be taken into consideration, businesses must be at their early stages (between 1-3 years old).

More Also, the top 7 finalists win $100,000 each plus a one-to-one mentoring from a business expert. The other 14 applicants left, win $30,000 grant money.

Also, these grant awardees all receive free access to networking opportunities, business coaching, and entrepreneurship seminars.

Eligibility

  • Businesses should be at an early stage, specifically between 1-3 years old.
  • Businesses should be generating reasonable revenue though not profitable.

How to Apply

Follow the application instructions on Cartier Women’s Initiative Website.

 

  1. The Halstead Grant

This single mom small business grant was initiated in 2006 to assist female Entrepreneurs in the jewel industry.

Furthermore, the Halstead Grant awards funding to female jewelry businesses in their early stages.

Also, the judges subject applicants to a series of questions concerning their business strategies, plans, and goals.

Finally, winners receive $7,500 grant money, free publicity, and $1,000 for Halstead supplies only.

However, the good news is, non-winning applicants, get professional feedback and advice from the judges concerning their business plans.

Eligibility

  • Businesses should be at its early stage, specifically below three years old.

How to Apply

  • Submit a portfolio containing your business goals, plans, and strategies to Halstead Grant.