As the spouse of a US military man, you may want to start your own business. Do you know about small business grants for military spouses?
These grants are meant specifically for you, and for you alone. This is why we’ve put this article together for you. It is our wish, that it serves as a roadmap that will lead you from where you are, to where you want to be!
And why not? It’s the least we can do for you, in view of your contribution to the American people.
Also, this article will touch on the application process, while also exposing you to the different types of small business grants for military spouses. You will also be shown how to apply for them, and many more
Consequently, we hope that, by the time you are through with this article, you would have found a viable grant for your business.
Are you ready to dive in, then?
Well, let’s get right into it, starting with a background on small business grants!
What is a small business grant?
A small business grant is financial assistance given to a small business owner or entrepreneur. And, there are many types of grants available, each with its own set of eligibility requirements.
In fact these small business grants for military spouses can be used for a variety of reasons, such as financing a new business, expanding an existing business, or attending training or development programs.
And a benefit of grants is that, they are not loans, and do not need to be repaid.
Therefore, if you are looking to start a business, small business grants for military spouses are a great way for you to start it. And, as a military spouse, your grant may come with few strings attached, asides that you do not need to pay back.
What are the requirements to apply for a small business grant?
The requirements to apply for a small business grant vary from organization to organization. However, most grants have some common requirements.
In general, you will need to be able to demonstrate that your small business is viable and has the potential for growth. This usually includes showing that you have a well-thought-out business plan and a realistic budget.
You will also likely need to show that your small business will benefit the community in some way, whether by creating jobs or providing needed services.
Finally, they may ask you to provide proof of military service or spouse status.
Who is Eligible to Apply for Small Business Grants For Military Spouses?
Military spouses who are looking to start their own small businesses can apply for small business grants for military spouses through a number of organizations. Most of these grants are specifically for military spouses, so the eligibility requirements are usually pretty straightforward.
In most cases, you’ll need to be the spouse of an active-duty or retired member of the military, and you’ll need to demonstrate that your business will benefit the military community in some way.
There are a few different small business grants for military spouses available, so be sure to do your research and find one that best suits your needs.
Tips for Applying to Small Business Grants For Military Spouses
When you’re ready to apply for a small business grants for military spouses, be sure to follow the instructions carefully. Make a point of reading the eligibility requirements and submitting all of the required documentation.
Also, be sure to have a well-thought-out business plan in place. This will show that you’re serious about starting and running your own business.
Finally, stay positive and patient throughout the application process. It can take a while to hear back from funding organizations, but if you’ve put in the time and effort, you’ll eventually be successful!
The Best Resources on Small Business Grants for Military Spouses
With the number of military spouses who are looking to start their own small businesses, it’s no wonder that there are a wealth of resources out there on specific small business grants for military spouses.
The best place to start is with the U.S. Small Business Administration website. They have an entire section devoted to helping military spouses start and grow their businesses.
You can also check out resources specifically for women entrepreneurs, such as the
The National Women Business’s Council recognize the fact that capital is king, and that access to it, is everything else. To the National Women Business’s Council, capital is the largest obstacle standing in the way of would-be entrepreneurs. It prevents these small business owners from successfully entering the market, and also impedes their growth. The NWBC thereby create solutions in the area of funding for female business owners.
There are also a number of grants available specifically for military spouses, such as:
The Military Spouse Economic Empowerment Zone (MSEEZ) exists to create a connection between military spouses and organizations that are looking to hire military spouses.
This Program focuses on members of the military family, and their spouses. Patriot Express is a loan program that relies on the model of SBA’s successful SBA Express Program, but with better guarantee and interest rate features.
Do your research to determine which grant is best for you. Then you’ll surely find the perfect grant for your business!
Other Small Business Grants For Military Spouses
And always keep it in mind, that small business grants are there to help you and yours for the taking. As, it can be a great help to you whether yours business concern has been operating for a while, or is just about to kick off.
Also be determined in your quest. This is because the requirements and application process can seem daunting, but with your tenacity and the right resources and tips, it can be a lot easier.
Also, remember that the best way to find the right small business grant for you is to research as many as possible and compare them. This is something you have to do yourself, so that you can find a grant that will work well with your business concern.
Finallly, once you’ve found one that meets your needs, make sure you follow the instructions closely and submit a well-crafted application.
Then wait for a reply from the funding organization, and it’ll surely be a positive one.