Are you a one-man (or woman) – band?
Feel like you are left out on receiving free money just because you don’t have a team?
While it may feel that all small business grants are geared towards those with employees, there are funding opportunities that can help you grow your business or overcome challenges.
The one drawback?
You may have to look a bit harder to find them.
We have gone into greater detail on small business grants before but let’s take a quick moment to recap:
A grant is financial assistance that is gifted to a person, business, nonprofit, or corporation from federal, state, county, or local governments, or private businesses or corporations. There are a number of companies, nonprofits, and government agencies providing essentially free money to small business owners in the form of a small business grant.
(If you’re a small business owner with a team, scroll down to the bottom of the page for grant opportunities with a February deadline)
New Business Grants for the Self-Employed
Here are some grants for self-employed, sole proprietors, and freelancers.
National Association for the Self-Employed (NASE) Growth Grants
The National Association for the Self-Employed offers business growth grants of $4,000 to self-employed individuals. Applicants must be NASE members to apply for Growth Grants and requires you to demonstrate a need and detail how you would use the funds. An organizational committee evaluates all applications to determine where funds can make the biggest impact. This is an ongoing process and applications are evaluated at the end of each quarter.
Grow by Invoice2Go
Invoice2Go’s Grow grant program offers grants of up to $15,000 to business owners from underrepresented groups. Businesses must be minority-led, less than five years old, and have less than $1 million in annual revenue. While the opportunity is open both to sole proprietors and businesses with employees, only those with ten or fewer team members can apply. Applications are due by February 28th.
BOSS Network and Sage’s Invest in Progress Grant
The BOSS Network and Sage are partnering to offer the new “Invest in Progress” grant for Black women entrepreneurs. The program will award $10,000 grants to 25 Black female business owners. The program is open both to sole proprietors and companies with a small number of employees. Additionally, winners will receive mentoring services through the BOSS Business University, along with marketing assistance and guidance. Applications are due by February 25th.
Authors League Fund
The Authors League Fund is a donation-based program to help independent authors. The fund has supported professional authors, journalists, critics, poets, and dramatists since 1917. It’s specifically designed to provide temporary relief due to health problems or loss of income. Currently, the program may help those with income loss due to COVID-19. “Loans” from the program can be used for various living expenses. Authors are not required to repay funds but are encouraged to donate to other authors once they’ve recovered financially.
The Halstead Grant
The Halstead Grant provides funds for emerging silver jewelry artists each year. The program is not specific to independent businesses. Funds can help you kickstart a new brand or start a solo venture in the jewelry industry. To apply, you must submit your portfolio and answer a short series of questions. The grand prize is $7,500, along with other business support. Applications are due August 1.
New York Foundation for the Arts Grants
The New York Foundation for the Arts provides over $3 million in funding to artists each year. These grants are open to those pursuing various artistic careers or starting their own ventures. This is an ongoing program with various programs throughout the year, including grants for visual artists, dancers, and those experiencing medical emergencies.
Programs to watch for:
Gottlieb Foundation Individual Support Grants
The Gottlieb Foundation provides grants specifically for mature artists. The program is aimed at fine artists like painters and sculptors who have been in the industry for 20 years or more, regardless of their level of commercial success. This is an annual program. Last year, the foundation provided 20 grants of $25,000.
Freelancers Relief Fund
Hosted by Freelancers Union, the Freelancers Relief Fund was a funding program that supported freelance households negatively affected by COVID-19. While the program is closed for now, freelancers should keep checking in for updates about future funding opportunities. The program offered $1,000 grants to freelancers, with more than $350,000 raised overall.
Artist Relief Tree
Artist Relief Tree was a donation-based program to support independent artists struggling due to COVID-19. Any self-identified artists could apply for funds to cover emergency expenses. Again, while the initial funding round has already closed, it’s not a bad idea to keep checking in on any updates.
The grant process is extremely time consuming for any small business owner, but even more so if you’re self-employed. You want to be the first to know about the latest rounds of available funding and resources that you need, but with the ever-changing updates it can feel nearly impossible. To ensure that you are continuously informed of the latest grant opportunities pertaining to you, it’s a good idea enlist the help of someone who can take on this time-consuming process for you.
Someone who understands you and your business and can align your needs with the latest opportunities fit for you.
Our team of business experts here at MCDA CCG help of our self-employed clients receive the funds that are designed for them, and we can help you too. No matter your business and industry, we can take over the less exciting prep work involved in the grant process while answering any questions you have along the way.
And finally, individuals who receive grant funds are guaranteed to accomplish more with it when they have an effective financial plan in place, and our services extend beyond the grant application process to help you create an effective financial plan at a discounted price.
Reach out to our office today – headquartered in Placentia, Orange County California- by calling us, sending us an email, or sending your questions directly to our social media accounts. (@mcdaccginc) Don’t wait for other opportunities to pass you by, reach out today!
If you are a small business owner with employees, click here:
Check out some other resources to kick this year off right…