Why are grants a game-changer for small businesses?

Grants can be a lifeline for small businesses, especially in the early stages when funding is hard to come by. Unlike loans, grants don’t require repayment, making them a risk-free way to invest in growth. Whether it's purchasing equipment, launching a new product, or hiring staff, grant funding can ease financial pressure and free up entrepreneurs to focus on building their business. Even small grants can help cover crucial costs that keep operations moving forward.

Beyond the financial boost, grants offer credibility and momentum. Being selected for a grant can signal to investors, partners, and customers that your business is viable and worth backing. It also gives you access to networks, mentorship, and resources often tied to grant programs. In short, grants aren’t just about the money—they’re about unlocking opportunity and giving your business the tools to grow with confidence.

Explore platforms and programs we've discovered to help you secure funding.

• NAACP Grants: The NAACP offers several grants to support Black entrepreneurs, small business owners, and nonprofits. These include the Powershift Grant ($25,000 plus mentorship), the Certification Boost Grant for minority-owned businesses in HUBZones, and the Backing the B.A.R. Grant for Black-owned beverage and hospitality businesses. Most grants require applicants to be at least 51% Black- or minority-owned, or nonprofit organizations serving targeted communities.