Introduction

Starting and growing a small business is a challenging yet rewarding endeavor, especially for women entrepreneurs. Access to funding can be a significant hurdle, but thankfully, there are several grants specifically designed to support women-owned businesses. In this post, we’ll explore the top women small business grants available in May 2024, providing you with the details you need to apply and increase your chances of securing essential funding.

1. Amber Startup Grant

The Amber Startup Grant, managed by WomensNet, targets businesses in the "idea phase" or those with minimal sales (less than $10,000). This grant is perfect for women entrepreneurs who are just starting and need initial funding to kickstart their ventures. Each month, one recipient wins a $10,000 grant, with the chance to compete for a $25,000 year-end grant.

Application Process

• Deadline: May 31, 2024
• Requirements: Submit a short application detailing your business idea and how the grant funds will be used. A $15 application fee applies.

Learn More and Apply

2. Amber Business and Nonprofit Grant

The Amber Business and Nonprofit Grant also provided by WomensNet, supports a wide range of businesses, including nonprofits. Each month, one winner receives a $10,000 grant, and all monthly winners are eligible for a $25,000 year-end grant.

Application Process

• Deadline: May 31, 2024
• Requirements: Complete an application explaining your business or nonprofit and how you plan to utilize the grant funds. A $15 application fee is required.

Learn More and Apply

3. Women Founders Network Fast Pitch Competition

The Women Founders Network (WFN) hosts an annual Fast Pitch Competition for women entrepreneurs. This competition is divided into two tracks: Tech/Tech-enabled and Consumer/CPG/Other Non-Tech. Winners can receive up to $25,000 in cash grants, with a total of $55,000 awarded.

Application Process

• Deadline: May 31, 2024
• Requirements: Submit an online application with supporting documentation. Choose the appropriate track based on your business type.

Learn More and Apply

4. EmpowHer Grants

EmpowHer Grants support women who need early-stage business capital and advisory networks. Eligible businesses must address a social issue and have been operational for no more than three years. Grants up to $25,000 are available, and funds are provided as reimbursements for business expenses.

Application Process

• Deadline: June 16, 2024
• Requirements: Applicants must provide a business plan, detailed budget, credit score, and agree to a background check.

 Learn More and Apply

Final Thoughts

Securing a grant can be a game-changer for your small business. By applying for these top women-owned small business grants available in May 2024, you can access much-needed funding to grow and develop your enterprise. Remember to carefully review the eligibility requirements and application guidelines, and put forth a strong, compelling application. Good luck!

Discover More Opportunities

Looking for more grant opportunities? Grab Grants is your go-to resource for finding and applying for grants tailored to your business needs. With a comprehensive database and helpful guides, you can explore numerous funding options to support your entrepreneurial journey.

Browse Grab Grants to discover more grants and take the next step towards achieving your business goals!