This year should be another great year of ‘black girl magic.’ Black women entrepreneurs running small businesses should not have obstacles such as unequal access to funding and venture capital stand in their way.
As a small business owner, you can always opt to go for a loan. However, sometimes a loan can put a strain and sometimes collapse the business if the income growth curve does not rise as fast as the repayment schedule. A grant, one that does not require repayment as long as the business meets certain mandatory obligations, can be a big break for small businesses.
Black women entrepreneurs have historically been marginalized when it comes to access to credit to start their own businesses. Innov8tiv has scoured through the internet in search of some business grant for black women entrepreneurs, and they are as follows:
#GIRLBOSS Foundation Grant – $15,000 Grant Award
This grant award for $15,000 is for individual women in for-profit businesses in industries of fashion, design, music, and the arts. The $15,000 grant is awarded twice per year. Applicants must be United States citizens of at least 18-years and older at …read more