Single Mother Small Business Grants Offer The Capital Needed To Get Started

In today’s business world, preference is given to small businesses that are minority or woman owned. This is a great boost for single mothers looking for a way to support their families as single heads of household. If you are a single mom and you have a skill or a product that you believe can move a business forward, there are monies available through government and private agencies to help you get started. Single mother small business grants are available to give you the capital you need to move ahead.

The United States Small Business Association is a great place to begin looking for financial assistance for the development of your new small business. While single moms are not their only target population, they do name lone parents as one of their focal points. At sba.gov, you can apply for business loans and grants; you will have to submit information about your personal credit history and your business idea. If you have a build up of debt, are unemployed, or even if you are homeless, you will not necessarily be found ineligible for venture capitals.

Another federally backed program is the Community Development Financial Institution Program. This program exists to provide opportunity for growth and career development to low income parents, helping them provide for their young and teenage children and, in turn, providing services and products back to the community. You can apply for monies at cdfifund.gov.

Nell Merlino was the founder of the concept of “Take Your Daughter To Work Day,” and she has also founded Count Me In, a program designed to inspire and encourage women to put their entrepreneurial spirits to work. She knows that single mothers who are working and succeeding are effective parents who can financially support their families. Divorce does not have to be a deterrent to success, and Count Me In offers the financial support to help these women get started. Additional information is available at makemineamillion.org.

Next Level Funding (nextlevelfunding.com) is an organization dedicated to financing promising small business ideas. Lone parents seeking the capital needed to make a go of a business idea can start here in seeking the backing they need. While Next Level Funding does not focus solely on single mothers or victims of domestic violence, they do place favor on the prospects of women owned businesses because they are preferred in the corporate market. Credit issues may be overlooked depending on how solid the business plan is as a whole.

Project Single Moms Worldwide, Inc. is dedicated to providing support and empowerment to single mothers, helping them deal with issues from housing custody battles to domestic violence. In keeping with this mission, they have launched the Small Business Academy, which provides financial resources as well as valuable information to help single moms succeed. Additional information is available at projectsinglemoms.com.

At newusafunding.com, you will find a universal application where women can seek grant funding to help with the startup costs of a new business. This application will go out to multiple resources, giving single moms the opportunity to apply for grants from many different organizations with one easy application.