Money, Money, Money-Grants, Loans, and one Contest

6 Jun

Hi Ladies,

We at the City Girl Business Club know that it can be a very daunting task trying to find funding for your small business, this is why we try to bring you as many resources as we can.

CONTEST

Pitch.co Would you like to win $50,000 for your business?

Let .CO help turn it into a reality! .CO is the new web address that offers people and companies more choice in branding their online presence with a truly global, recognizable and credible domain. Enter the Create Your Opportunity Contest for a chance to win your your ideal .CO domain and $50,000!

You can enter the Create Your Opportunity Contest between May 4 and June 14 by registering on Pitch.co and telling us and the world about your big idea, your ideal .CO web address and why you should win the contest. The more thorough, well thought-out and passionate your pitch, the more likely it is to get lots of votes from the public. Once you submit your idea, you’ll want to promote it like crazy. Get on Facebook, email, Twitter, your phone and wherever else and beg, borrow or plead to get your friends, family and strangers to vote for your entry. You must be at least 18 years old (or the legal age of majority in jurisdiction of residence if older than 18) and a US resident to submit an entry.

Go to www.pitch.co for more information and to enter.

GRANT PROGRAMS

Girls Going Places Entrepreneurship Award Program
This program gives grant money away every year to girls between the ages of 12 to 18. Applicants must demonstrate a keen interest in entrepreneurship, and must show how they are making a difference in their communities and schools.
Grant Amount: $2,000
www.guardianlife.com/womens_channel/girls_going_places/girls_going_places.html

Huggies Mom Inspired Program

The Huggies® MomInspired™ Grant Program is awarding up to $15,000 in seed money as well as business resources to further the development of original product ideas and startup businesses. Huggies® does not specifically seek ideas that are diaper or hygiene related. Available grants range from $1,000, $5,000, $10,000 and $15,000 based on the applicant’s business needs and goals.

https://www.huggiesmominspired.com/About.aspx

Caleb Brown Community Business Grant Program
Caleb Brown Venture Capital and Consulting is a Chicago-based, minority-owned VC, that manages a community business grant program that gives away cash awards and more than 6,000 consulting hours to national business enterprises.
Grant Amount: Up to $12,000
www.calebbrownonline.com/Grant_Application.html

FHLB Economic Development Program (EDP) Plus Grants
EDP Plus grant funds are available to help member institutions of the Federal Home Loan Bank of Dallas meet their community development needs. It’s a first-come, first served noncompetitive small business grant program, designed to provide capital to under-served areas or to under-served populations in Texas, New Mexico, Arkansas, Louisiana, and Mississippi.
Grant Amount: Up to $25,000
www.fhlb.com/community/cip_edpplus.html

Green Heroes Grant Program
The Green Heroes Grant Program will give green to those who do green. Through this initiative, the makers of Green Works® natural cleaners, with help from Jane Goodall’s Roots & Shoots, will award $60,000 in grant funding to individuals, organizations and schools that are making their communities a greener place.
Grant Amount: Varies
www.greenworkspresskit.com/Green_Heroes_Grant_Program.html

MillerCoors Urban Entrepreneur Series (MUES)
This series is an annual competition for minority business owners sponsored by MillerCoors. Launched in 1999, to encourage entrepreneurship in urban areas, the competition has just celebrated 10 years of giving away business grants to applicants who submit the best business plans. The Urban League is a huge partner in this initiative.
Grant Amount: $25,000 – $100,000
www.millercoorsmues.com

Overseas Private Investment Corporation (OPIC)
OPIC is a U.S. government agency that helps companies invest overseas, and create economic development in new and emerging markets. They have a Small and Medium Enterprise Financing program that provides business grants to companies with annual revenues of $250 million or less.
Grant Amount: Varies
www.opic.gov

Rural Business Enterprise Grants (RBEG) Program
This program provides grants to finance the development of small and emerging businesses in rural areas. The funds can be used for land acquisition, construction, renovation, technical assistance, project planning, and more.
Grant Amount: $25,000 – $100,000
www.rurdev.usda.gov/rbs/busp/rbeg.htm

U.S. Dept of Energy’s Inventions and Innovation
This program offers financial support to individuals and small businesses who develop energy-saving concepts and ideas. Business grants are awarded to companies who stand out during their competitive process.
Grant Amount: $50,000 – $250,000
www1.eere.energy.gov/inventions/

VetFran Business Grant Fund
This fund, sponsored by the IFA Educational Foundation and the PepsiCo Foundation, gives grant money to veterans who have been awarded a franchise through the IFA VetFran program. Applicants have to write a 500-word essay, and the grant money must be used for business development, education, training, etc.
Grant Amount: Up to $10,000
http://emarket.franchise.org/misc/VetFran_BusGrnt.pdf About The Grant Fund
www.franchise.org/Veteran-Franchise.aspx – About The Franchise Initiative

LOAN PROGRAMS

Community Express
Community Express is an SBA pilot, 7(a) loan program for small businesses in low and moderate income areas. Lenders are not required to take collateral for loans up to $25,000. Lenders may use their existing collateral policy for loans over $25,000 up to $250,000.

Microloan Program

Provides very small loans to start-up, newly established, or growing small business concerns. SBA makes funds available to nonprofit community based lenders which, in turn, make loans to eligible borrowers in amounts up to a maximum of $35,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level.
Accion Small Business Loans
Offers flexible loans (up to $50,000) to small business owners who have limited or no access to traditional business credit, including women and minorities.

Basic 7(a) Loan Program
For starting, acquiring and expanding a small business, 7(a) loans are the most basic and most used type loan of SBA’s business loan programs. Borrowers must apply through a participating lender institution.

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