Starting and growing a business requires money, and finding the right funding can be tough. Many small business owners rely on loans, but loans mean debt, and debt comes with risk. Small business grants offer a better way—free money that doesn’t have to be repaid. The problem? These grants aren’t always easy to find, and competition can be fierce.

If you know where to look and how to apply, though, you can give your business a real financial boost. This guide walks through the best places to find small business grants, how to increase your chances of approval, and what to expect from the application process.

Where to Find Small Business Grants?

The best source of small business grants is the government. Federal, state, and local governments provide various programs depending on business requirements and locations. One of the most popular options is the Small Business Innovation Research (SBIR) program, which provides funding to businesses engaged in innovative technology and research. Another significant source is the Small Business Administration (SBA), which offers several funding opportunities, although many of them have certain requirements.

Many state and local governments provide grants that are specific to businesses that help the economy grow. These may be simpler to apply for than federal grants since fewer people are trying to get them, and they specialize in particular industries.

Nonprofit organizations and corporate bodies also sponsor small business grants. Corporates such as FedEx, Visa, and Amazon offer grant competitions in which winners are awarded money and business assistance. Competitions typically require a good business plan and a good pitch.

Another option is nonprofit organizations. Organizations such as the National Association for the Self-Employed (NASE) and Amber Grant for Women offer grants to small businesses that share their causes. These grants tend to target businesses owned by underrepresented groups or those seeking to create a social impact.

Lastly, some industry-specific grants focus on businesses in areas like healthcare, technology, and environmental sustainability. If your business operates in one of these sectors, researching specialized grant opportunities can increase your chances of success.

Top Small Business Grants

Many organizations and government agencies offer grants to help small businesses grow. Here are some of the most well-known and valuable small business grants available:

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs: SBIR and STTR programs offer federal funding for small businesses engaged in research and development, supporting innovation in technology, science, and healthcare advancements.

Grants from the U.S. Small Business Administration (SBA): The SBA offers grants for research, exporting, and disaster recovery. The State Trade Expansion Program (STEP) provides financial aid to help small businesses expand into global markets.

Amber Grant for Women: This grant provides funding specifically for women entrepreneurs. The Amber Grant awards $10,000 each month to a woman-owned business, with an annual grant of $25,000 for one recipient.

FedEx Small Business Grant Contest: FedEx offers a competitive grant program that provides funding and resources to small businesses. Winners receive financial support, business coaching, and marketing assistance.

National Association for the Self-Employed (NASE) Growth Grants: These grants offer up to $4,000 to help self-employed entrepreneurs grow their businesses. They can be used for marketing, hiring employees, or expanding operations.

Visa Everywhere Initiative: This grant is aimed at startups and small businesses that use innovative payment solutions. Winners receive funding and networking opportunities with financial industry leaders.

Comcast RISE Investment Fund: This program offers financial assistance, media consultations, and technology upgrades to small businesses, particularly those owned by women and minorities.

Hello Alice Small Business Grants: Hello Alice is an organization that regularly partners with companies like Mastercard and Verizon to provide grants to small businesses in various industries.

Nav's Small Business Grant: Nav, a business finance platform, offers grants ranging from $5,000 to $10,000 to small businesses looking to improve their financial health.

Local and State Government Grants: State and local governments offer grants to businesses that drive economic growth. These grants are often less competitive than national ones and provide targeted funding based on industry and location.

Securing these grants requires preparation, but with the right approach, small businesses can access funding that helps them grow without taking on debt.

How to Apply and Increase Your Chances of Approval?

Applying for small business grants isn’t just about filling out forms—it’s about standing out. The first step is researching the requirements carefully. Many grants have strict eligibility criteria, and applying for ones that don’t fit your business is a waste of time.

Once you find the right grant, writing a compelling application is key. Focus on your business’s mission, its impact, and how the grant money will be used. Many grants require detailed proposals, so having a clear plan for the funds can make a difference.

Government grants for small businesses often require financial records, business plans, and proof of how the funding will be spent. Being organized and prepared with these documents ahead of time will speed up the process. Some businesses also benefit from hiring grant writers who specialize in crafting strong proposals.

Deadlines matter. Many grants open once a year, and missing the application window means waiting another year or longer. Setting reminders and preparing applications early can prevent missed opportunities.

Another tip is to apply for multiple grants. The competition is tough, and securing funding isn’t guaranteed. By applying to different programs, you increase your chances of receiving at least one award.

Conclusion

Finding small business grants requires effort, but the rewards are worth it. Unlike loans, grants provide funding without repayment, easing financial strain. The key is knowing where to look—government programs, private organizations, and industry-specific funds all offer opportunities. A strong application, thorough research, and persistence improve the chances of success. While competition is tough, businesses that align with grant goals and submit well-prepared proposals have the best shot. With dedication, grant funding can boost your business's needs.