Grants for African American Women to Start a Business

Through the years, African American women found it difficult to start their own business for lack of capital and the presence of other factors that tend to work against them. A business owned by an African American woman is considered a big disadvantage right from the start and to help mitigate this situation, a lot of agencies and organizations help by providing grants for African American women to start a business.

Small Business Administration

It is an agency of the federal government that helps African American women in their business by providing assistance, helps in drawing up a business plan, and continuous guidance to enable them position their business to become a competitive enterprise and be able to contribute to the U.S. economy.

SCORE

It was formerly known as the Service Corps of Retired Executives but is presently recognized as SCORE, “Counselors to America’s Small Business”. It is a nonprofit organization that gives free mentoring services to the entrepreneurs in the U.S. It also conducts free business seminars and workshops for a fee. The mentoring service for business is provided by active and retired business executives and by entrepreneurs who give their expertise and their time as mentors assisting new and upstart businesses, especially those put up by African American women and other minority groups. The association is dedicated to provide their resources and expertise in maximizing the success of emerging small businesses in the country. SCORE has 370 chapters and over 11,200 volunteers throughout the U.S. and its territories.

Brainshark

It is a nonprofit program that provides quarterly software communication grants to allow small and start-up technology businesses owned by African American women free communication software licenses. Such free licenses could translate to huge expense savings that otherwise will hurt a start-up business.

Effective Education of Innovative Entrepreneurs Grant

This grant for African American women to start a business is funded by the Challenge Grant to small businesses that provide innovation and technology. Businesses owned by African American women that introduce new product lines and new processes of production, and those that aim to find new markets are qualified to apply for this grant program.

Disaster response services – Organizations such Seton Hill University’s National Education Center for Women in Business, National Association of the Self-employed, and the Edward Lowe Foundation provides assistance in financing small businesses owned by African American women if they provide support services in natural disasters.

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