Small Business Grants: What They Are and Where to Find Them

Starting or growing your business can feel like a big challenge, especially when it comes to funding. The truth is, finding the right financial support can make all the difference. That’s where small business grants come in. These grants are a fantastic resource you can explore to help get your business off the ground or take it to the next level.
But what exactly are grants, and how do they differ from other sources of funding?
Let’s dive into the world of grants, explore where to find them, and highlight programs like Verizon’s Small Business Digital Ready initiative.

What Are Small Business Grants?
A small business grant is a form of financial assistance provided by organizations, government agencies, or private foundations that does not need to be repaid.
Unlike loans, grants are designed to support business growth, innovation, and community development without adding debt to your business.
Grants are typically awarded based on specific criteria, such as the nature of the business, its impact, innovation, or the ability to meet certain community or economic goals.
How Do Grants Differ From Other Sources of Money?
Grants are distinct from loans and investments in several ways:
- No Repayment Required: Unlike loans, you don’t need to pay back the funds received through a grant.
- Specific Eligibility Criteria: Grants often come with specific requirements, such as demonstrating how the funds will be used, how the business will benefit, and sometimes matching contributions.
- Focus Areas: Grants are usually targeted toward specific areas, such as technology, sustainability, minority-owned businesses, or community impact.
In contrast, loans require repayment with interest, and equity investments often involve sharing ownership or profits.
Where to Find Small Business Grants
Finding small business grants can take some research, but there are many valuable resources available:
- Government Programs: Federal, state, and local government agencies often provide grants for small businesses. For example, the Small Business Administration (SBA) offers various grant programs and loan assistance.
- Private Foundations and Nonprofits: Organizations like the Kauffman Foundation, local chambers of commerce, and community development agencies provide grants aimed at fostering small business growth.
- Corporate Programs: Companies like Verizon offer small business grants as part of their corporate social responsibility initiatives.
Verizon Small Business Digital Ready Program: $10,000 Grant Opportunities
One example of a corporate initiative offering grants is Verizon Small Business Digital Ready. Through this program, small business owners can access valuable resources including $10,000 grant opportunities throughout the year.
We’ve partnered with Verizon to make this program completely FREE through our link.
By signing up for Verizon’s Small Business Digital Ready program, you gain access to:
- Grant Opportunities: Annually, Verizon provides $10,000 grants to selected businesses to support digital transformation and growth.
- Educational Courses: Small business owners can take advantage of digital training courses that cover topics such as marketing, sales, customer engagement, and technology solutions.
The application process is straightforward but competitive, requiring your small business to demonstrate a clear vision of how the grant funds will be used.
Application Process for Small Business Grants

The typical process for applying for small business grants includes:
- Research and Eligibility: Ensure you meet the specific criteria outlined by the grant provider. This might involve being a minority-owned business, a veteran-owned business, or focusing on sustainability.
- Application Submission: Complete a detailed application form that often includes a business plan, financial projections, and a description of how the grant funds will be used.
- Review and Selection: Applications are reviewed by a panel of experts who assess the feasibility, impact, and alignment with the grant’s goals.
- Notification and Award: Selected applicants are notified, and the grant funds are awarded after necessary documentation and verification are completed.
Why Consider Grants?
Grants are a valuable resource for small business owners looking to expand their reach, implement new technologies, or overcome barriers to growth. Unlike loans or investments, they provide a non-dilutive funding option that can help businesses scale without the added pressure of repayment.
Small business grants such as those offered by Verizon Small Business Digital Ready provide a fantastic opportunity for entrepreneurs to gain the financial support needed to thrive in a competitive market.
By understanding the process and leveraging resources like educational courses and networking opportunities, you can position your small business for success.
Additional Small Business Support at Hope2Women
At Hope2Women, we are dedicated to empowering women entrepreneurs by providing comprehensive support beyond grants. We offer mentorship, learning resources, and access to various funding opportunities tailored to women-owned businesses.
Whether you’re seeking guidance as you start your business, learning new skills, or connecting with a supportive community, Hope2Women is here to help you grow and succeed.