Regardless of race, black business owners already know how difficult it is to raise grants or capital for their businesses. Over the years, there were so many challenges of racial profiling, and police brutality against blacks make things even direr for black business owners. However, when it comes to securing capital to start or grow a business, loans have always been an option but small business grants seem best because it’s funding that requires no payback. In addition, this article highlights grants for black business owners in 2023, free grants available for black business owners, black business owners in the UK, female-owned businesses, and how to qualify for these grants. Furthermore, take advantage of these grant programs, and grow your business. Go grab it and excel.<\/p>

What are the Free Grants for Black Business Owners 2023?<\/span><\/h2>

You can agree with me that grants are a source of funding that doesn’t need repayment. Although it needs some specific application processes to help minority small business owners. Therefore, black business owners seeking a free grant in 2023 must confirm they meet the eligibility requirements before applying. There are different types of Minority-owned businesses ranging from; business grants for Black women entrepreneurs, grants for Hispanic males, women-owned businesses, businesses owned by Indigenous people, and entrepreneurs with disabilities. Howbeit, there is nothing like free grants because grants are free. Besides, you are not to pay a dime to anyone in kind, cash, or any means of subscription to get grants.<\/p>

Hey! black business owners seeking grants, Are you’re ready to filter through free money resources, Then visit the websites<\/strong> below:<\/p>

1. The Grants.gov Database<\/a>.<\/li>
2. SBIR and STTR Programs. <\/a><\/li>
3. U.S. Small Business<\/strong> Administration.<\/a><\/li>
4. Corporate Grants<\/a><\/li>
5. State Grants<\/a>.<\/li><\/ol>

   GRANTS FOR BLACK BUSINESS OWNERS 2023<\/span><\/h2>

   In brief, black business owners’ grants tend to be challenging and overwhelming. It is hard to balance the scale between black entrepreneurs and their white counterparts. Howbeit, we need to take outstretch steps if we want to ease uncertainties in our business. In the business world, it’s often there’s an adage, “you have to spend money to make money”. Here, are a few listed grants for black business owners in 2023. <\/p>

   #1. Facebook Small Business Grants Program for Black-Owned businesses <\/a><\/strong><\/span><\/h3>

   In response to the economic impacts of COVID-19, Facebook has set up a $100m grant \u2013 in cash and Facebook ad credits \u2013 for small businesses. Thus, It has also launched its Small Business Grants for Black-Owned Businesses<\/em> Under this commitment. This program intends to keep the small business workforce up and strong. Thus, helping them with rent, assisting businesses in connecting with more customers, and supporting the progress of local communities of these businesses. <\/p>

   Eligibility Requirements:<\/p>

   • The business must be a registered majority Black-owned for-profit business;<\/li>
   • It should have between one and 50 employees;<\/li>
   • Must have been in operation as a business for a minimum of one year;<\/li>
   • It must have experienced challenges from the COVID-19 pandemic.<\/li>
   • The business owner must have plans of using the grant to support the business and their community.<\/li><\/ul>

     Applications are currently open for black business owners who meet eligibility criteria<\/p>

     #2. Bumble Fund Application<\/a><\/strong><\/span><\/h3>

     This Fund is mostly for empowering women of diverse backgrounds. Likewise, applicants who made it to the peak, also get educational resources to grow, launch their business and find the right funding opportunities. They also focus on early-stage investments with an offer of $25-50K, depending on business requirements<\/p>

     #3. The Minority Business Development Agency (MBDA)<\/a><\/strong><\/span><\/h3>

     This is an agency of the Department of Commerce that gives grants. As the name implies, They support minority-owned businesses across the United States. In fact, they provide grants and loan programs such as the Minority Business Enterprise Inner City Innovation Hub Grant, the Entrepreneurship Education Program for Formerly Incarcerated Persons Grant, and the Enterprising Women of Color Grant.<\/p>

     Besides, Feel free to check out all the grants listed with MBDA with just a click on the web for eligibility information<\/p>

     Related Post: <\/strong>Grants: Definition, Types, Examples, And Eligibility<\/a><\/p>

     #4. SheaMoisture $1Million Fund<\/a><\/strong><\/span><\/h3>

     Lastly, the SheaMoisture $1Million Fund by famous hair care company SheaMoisture. This $1 million relief fund is solely for supporting black businesses owned by women of color and other minority businesses affected by the pandemic.<\/p>

     Similarly, the support cuts across small businesses not just in the beauty sector but also in the hospitality, e-commerce, and wellness industries, as well as other businesses that serve their communities.  <\/p>

     This is not a definitive list of all funds available to black-owned businesses but the resources given are great places to start.<\/p>

     GRANTS FOR BLACK BUSINESS OWNERS IN THE UK <\/span><\/h2>

     The UK government offers and provides numerous business grants to applicants, without any discrimination or limitations for black business owners in the UK. However, the government will make the business grants available to applicants if they are eligible. Therefore black business owners in the UK avail themselves of this grant opportunity. Below are some government grant agencies that can assist your business growth or start-up. <\/p>

     1.  The Prince\u2019s Trust Enterprise Programme<\/a><\/li>
     2. Government apprenticeships<\/a><\/li>
     3. Innovate the UK Smart Grants program<\/a><\/li>
     4. Gigabit Broadband Voucher Scheme<\/a><\/li><\/ol>

        GRANTS FOR BLACK FEMALE OWNED BUSINESS 2022<\/span><\/h2>

        Likewise their male counterpart, there is a number of women starting businesses seeking capital to grow and scale their businesses. Yet, women entrepreneurs continue to get shortchanged when getting bank loans, venture capital, and angel investments. There are many grants available to black female-owned businesses in 2022. <\/p>

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