The number of women entrepreneurs is steadily growing, but women do not receive the same equity as men. This trend is fueled by the lack of equal opportunities for financing. Some government agencies, non-profit organizations, and private companies are changing this trend. They are offering grants to women for purposes of starting or growing their businesses. Are you a woman in Virginia seeking genuine grants to apply for? Below is a comprehensive list of the best business grants women in Virginia should take advantage of and how to apply for them.
Dare To Dream
This is a grant aimed at women-owned businesses in Warren County Virginia. Women can get a grant of up to $1000 to start a business, run an already existing business, develop a website, and other career and money-generating projects.
To apply, call the Front Royal Women resource Centre 540-636-7007.
Staunton Creative Community Fund
The Staunton Creative Community Fund is fashioned to target women-owned small businesses in the Shenandoah Valley area in Virginia. Women joining this fund get loans to start and run businesses and education in the form of financial literacy classes, advice, and other forms of support. Approved applicants are allowed loans ranging from $1000 to $50000 per applicant.
To apply, email your details to firstname.lastname@example.org.
We Care Rebuild RVA Project
This is a partnership of many companies and nonprofits in Virginia. It gives micro-grants of up to $10,000 to women and other minority-owned businesses consisting of less than 50 employees. Women with the fund are at an advantage of being offered free legal advice, tips on how to operate, and counseling.
To apply visit https://thembl.org/we-care-rva-rebuild/
The Urban League of Hampton Roads
This is a grant targeting and offering financial assistance to women and/or other marginalized businesspersons around Portsmouth Virginia Beach. This grant aims to help establish companies and sole proprietorship for women to enable them to grow and keep their doors open.
To apply, visit https://www.ulhr.org/
The Amber Grant
The Amber Grant is meant for women business owners both in Virginia and across America. It is given by the Amber Grant foundation to remember Amber Wigdahi who passed on before fulfilling her business dreams. They give grants worth $10000 monthly. There is also an annual grant worth $25000.
Applying is easy. You are only required to give a short brief about yourself and your vision in business. An application fee of $15 is charged after which the winner is announced the first week of every month.
How to Know Which Grant is Best for You?
The best grant opportunity for one business may not be the best for another brand. First, check the mission, vision, and interests of the funder. Ensure you have a substantial similarity of the mission, vision, and interests. For instance, take a case where the funder wants to promote environmental conservation. That grant opportunity is best for brands that are in recycling and renewable energy.
You can also tell the best grant opportunity based on the requirements. However, failure to meet the criteria doesn't mean you don't try. It means that you should not over-invest in such grants.
Fundid is on a mission to get women owned business the capital they need to grow so that we can all close the business wealth gap. While 42% of business in the US are owned by women, they only account for 4% of revenue generated by private businesses. We spend our time at Fundid thinking about what the world would look like if women also generated 42% of revenue and how to get them the capital they need to make that happen. Fundid is a challenger business bank, business lender, and grant marketplace built on from the feedback of women entrepreneurs.