When it comes to small business grants applications, preparation is essential. We are all aware that grants are just free money, given out just like that! Isn’t it wonderful to get free money and spend it on whatever you want, perhaps something you’ve always wanted to do? How many times has this happened in your business life? It is no surprise if it hasn’t happened yet.
Whether it is small business grants for women, veterans, minority members, or any other social group the process of applying for grants can be tedious. Unlike Small Business Loans whose applications and terms tend to be straightforward.
First, you must identify the appropriate small business grants source.
Second, you must create a grant proposal. Both require time and energy, and are often laborious, and your efforts are not always rewarded because grants are competitive. This comes as no surprise; many others want grants for the same reasons you do.
There are many grant programs available to small businesses, depending on a variety of qualifying factors. Begin your search for a federal government grant at Grants.gov. This government website provides the most comprehensive database of funds that the government intends to distribute. There are thousands of grants to apply for, with opportunities for companies from all backgrounds.
Every time we publish a grant life article, we highlight a specific small business grant to assist you in reviewing some of the upcoming grant programs that can help you boost your business capital through a successful application.
Today, we would like to highlight THE ANGEL MATCH PROGRAM.
This is a New Jersey grant program designed by NJEDA Investment. The Angel Match Program was created to disburse funds from the State Small Business Credit Initiative (SSBCI), a federal program managed by the United States Department of Treasury. The main goal for this program is to provide startup capital to assist startup businesses in developing, testing, and scaling their business models.
You’ll receive funds in the form of Convertible Promissory Notes with warrants equal to 50% of the principal amount. Amounts ranging between $100,000 and $500,000. This will be based on a NJEDA analysis of the company’s financing and operations, management team and experience, product and target market, investor type and involvement.
For more information about the Angel Match Program and application eligibility, please send an email to AngelMatch@njeda.com to determine your eligibility and you will be given further directions and access to the application when it becomes available.
Sign up for an Addy & Mark Business Account to gain complete access to the upcoming grant resources we’ve highlighted for you.
Check out our blogs for more Grants & Passive Income highlights.
Disclaimer: This resource is for information purposes only. The company is not directly related to The Dope Million in anyway. Always check your resources’ original website for updated information.