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Grants 2024, loan programs for small business owners

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financial, prosperity, 4, ways, new income, freelance, clear real estate, high interest debt, 2024 Grants, Loan Programs, Small Business Owners


Securing financial resources could be a difficult task for businesses of all sizes.

While grants offer financing with no obligation to repay, loans require corporations to comply with strict conditions and repay the quantity borrowed with interest. The key distinction, because the U.S. Chamber of Commerce emphasized, is that subsidies are awarded on the premise of eligibility criteriawith funds allocated for specific purposes, while loans are more easily available, but require the lender to expect timely repayment.

Regardless of the funding source, entrepreneurs across sectors can explore quite a lot of opportunities to fuel their growth and expansion. Entrepreneurs may even seek funding through exciting collaborations, similar to the previous partnership Black Girl Ventures and TikTok covered BLACK ENTERPRISES in February. Applications for the Innovate Together grant program closed last month, calling on all entrepreneurs, founders, small business owners and creators to take part in the $1 million initiative that goals to “redefine success by fostering innovative collaboration, expanding reach branding and building a lasting legacy.”

Find the proper financing for your small business from the next list of options compiled by .

Black and Minority Owned Business Grants

U.S. Department of Commerce Minority Business Development Agency (MBDA)

8(a) Business Development Program

Amazon’s Black Business Accelerator Program

  • Supports Black Amazon sellers
  • Offers financial supportmentoring, business consulting and promotional support
  • Free imaging services
  • Cash grant opportunities
  • Advertising credits
  • Start-up financing

Black Ambition Award

  • A contest for black and Latino innovators
  • Prizes range from $15,000 to $1,000,000
  • Access to capital, coaching and community
  • Early-stage ventures in consumer products, healthcare, media, entertainment, technology and artificial intelligence
  • Applications by May 6, 2024

National Black Business Showcase

  • Submit a contest to connect Black-owned businesses to the corps striving to diversify the provision chain
  • The 30 finalists reach out to corporate procurement and supplier diversity professionals
  • Cash prizes as much as $10,000
  • Applications might be submitted until June 3

SheaMoisture Grant Programs

  • Supports Black-owned small businesses
  • Business development support
  • $100,000 grants through The Next Black Millionaires program.
  • $10,000 Community Impact Grants for Black-owned U.S. businesses operating for no less than one 12 months

Wish Local Empowerment Program

  • Supports Black-owned businesses employing 20 or fewer employees
  • Financial aid starting from $500 to $2,000
  • Recipients will need to have a mean annual revenue of lower than $1 million
  • Flexibility within the allocation of funds
  • Recipients join Wish Local to realize access to a database of consumers and partners

Minnesota Emerging Entrepreneur Loan Program (ELP)

  • Grants to Minnesota businesses owned by minorities, low-income people, women, veterans and other people with disabilities
  • Provides grant funds for nonprofit lenders to supply loans to start-up and growing businesses
  • Helps create jobs for minorities and low-income people
  • Strengthens minority-owned businesses
  • It stimulates economic growth in disadvantaged areas
  • You must apply through certified nonprofit lenders
  • DEED helps discover the lender
  • Loans are subject to DEED approval

Research and technology grants

Blueprint Medtech Translator Grant for Small Businesses

  • Small corporations developing medical devices for nervous system disorders
  • Supports device prototyping, safety testing, and clinical trials for FDA approval
  • NIH helps plan and monitor research
  • Funding and access to regulations, patents and manufacturing experts
  • Applications by June 20

Innovation Corps within the NIH and CDC Translational Research Program

  • Small corporations working on medical projects supported by previous grants
  • Accelerate your development and commercialization of latest medical technologies
  • 8-week entrepreneurship program
  • Course syllabus to learn more in regards to the potential impact of their technology on customers and partners
  • Covers program and travel costs
  • Applications by April 30

National Institutes of Health Grants

  • Funding research on COVID-19
  • Small corporations developing and researching biomedical technology
  • Many grants
  • Application deadlines throughout 2024 and beyond

Small Business Innovation Research Program (SBIR)

  • Subsidies support federal research and development for commercialization
  • Rewards-based program
  • It supports scientific excellence and technological innovation
  • Must run a for-profit business

National Institute on Disability, Independent Living and Rehabilitation Research SBIR Program

  • Financing the event of technologies and research to enhance the lives of individuals with disabilities
  • Supports national social/economic advantages
  • Provides ten grants totaling $1 million
  • Find available grants through the Administration for Social Life

Small Business Technology Transfer Program (STTR)

  • It funds research in the world of ​​R&D
  • Must have formal collaboration with a research institution
  • Must run a for-profit business
  • Meet other requirements qualify

Small Business Digital Readiness Program

  • Supports small businesses who need to develop within the digital space
  • Digital Readiness Program
  • The free online curriculum includes expert coaching, networking and other resources
  • $10,000 grant eligibility for participants registered in two courses
  • Walkable

Artificial intelligence innovation grant

  • It funds development based on artificial intelligence
  • Open to US-based corporations
  • $10,000 grant
  • Applications by March 15

American Seed Fund

  • Provides financing for technology development
  • Startups and small businesses based within the USA
  • Funding as much as $2 million
  • Sponsored by the National Science Foundation
  • Submit project proposals repeatedly

Casper Accelerate Grant Program

Comcast Innovation Fund

  • Financing technology and research for the event of the Internet
  • Areas of interest in open source development, general and focused research
  • Apps accepted until funds exhaust in 2024

Emerging Technology Fund (ETF)

  • Helps growing businesses in Massachusetts
  • Supports technology corporations with the necessity for acquisitions, expansion, working capital or equipment purchases
  • It must reflect strong management, technical progress, market demand and solid financial performance
  • Loans as much as $4,000,000

Companies affected by Covid-19 or a natural disaster

Rebuild the block

  • Grant program for black entrepreneurs
  • It helps audiences connect with community members on a bigger scale
  • Applicants will need to have been affected by Covid-19 or other devastation
  • 90 candidates in a three-month cycle
  • Apply on the grants website

Retention loan for employees

GoFundMe Small Business Relief Fund

  • Funding for small businesses impacted by Covid-19, supported by GoFundMe and other corporations
  • Donation of $500
  • You must raise no less than $500 via GoFundMe
  • Confirm your activity via the web form

Integration Beauty Fund 2024

  • US-based cosmetics corporations affected by the Covid-19 pandemic
  • Offers one-time grants of $10,000
  • Professional mentoring and business development from L’Oréal management
  • Entries are due March 29 at 6:00 PM EST

Small Business Resilience Readiness Program

Etsy Emergency Relief Fund

  • Supports Etsy business owners who’ve been registered for no less than one 12 months
  • Grant as much as $2,500
  • Financial partnership with the non-profit organization CERF+
  • Companies will need to have been affected by a natural disaster
  • Rolled application

Women-led business grants

Federal Women-Owned Small Businesses (WOSB) Contracting Program.

  • Access to credit and capital
  • SBA program Includes trainingconsulting and federal contracts
  • Program through the Office of Women’s Business Ownership

Amber Grant Foundation

  • It awards quite a few scholarships all 12 months round for women entrepreneurs
  • $10,000 monthly amber grant
  • Amber grants price $25,000 per 12 months
  • $10,000 each quarter for a startup grant and a non-profit grant
  • $10,000 business category grants
  • Apps open depending on the category

Cartier Women’s Initiative

  • Funding for women entrepreneurs around the globe with particular emphasis on social and environmental sustainability
  • Regional award
  • Diversity, Equality and Inclusion Award (open to all genders)
  • Science and Technology Pioneer Award
  • It includes financial support, coaching and peer learning opportunities

Galaxy Grants

  • Offers resources for women and minority business owners
  • $2,750 Galaxy Grants distributed
  • Possibility to receive a grant for one friend of the winner
  • Sponsored by Hidden Star, a 501(c)(3) organization.
  • 30-second entry process
  • Applications by March 31

HerRise MicroGrant

  • It funds American corporations which are majority-owned by women of color
  • Focus on revolutionary social solutions
  • Apps reviewed monthly
  • Ineligible applicants include non-profit organizations, franchises, direct sellers, authorized resellers and independent consultants

IFundWomen universal grant application

Cat Fund

  • Awarding $25,000 to 25 small business owners who’re moms
  • Must be based within the US and have annual revenues of lower than $5 million
  • Employment must range from two to 50 people
  • Register online

#MomsMeanBusiness

RTC Women in Tech Fund

Shea Moisture Grant “Brown Girl Jane.”

LGBTQ+ corporations

Just Society Foundation Grants

StartOut scholarship program

Veteran-led businesses

Disabled Veteran-Owned Small Businesses Program

Hivers and Strivers investment program

  • Provides capital for projects led by veteran-owned and operated businesses
  • Funding from $250,000 to $1 million
  • Submit business ideas on an ongoing basis
  • Ineligible applicants include businesses depending on government contracts

Rise of the Warrior

Other general grants and programs


This article was originally published on : www.blackenterprise.com
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Business and Finance

Black-owned brand redefines vodka with first-ever organic hemp-infused vodka

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Fiyori Vodka changes the foundations of the alcohol industry, offering a singular combination of luxury and well-being.

Founded by Clarence Darkwa and COO Jay Black, Fiyori is the world’s first organic vodka with hemp. It offers a smooth, sophisticated drinking experience combined with the health advantages of organic hemp seeds. As black entrepreneurs in a white-dominated industry, Clarence and Jay have overcome challenges and broken barriers to create a product that stands out and is leading a brand new wave of wellness-conscious spirits.

BLACK ENTREPRENEURSHIP We caught up with the founders to debate their journey, the innovation behind their brand, and the way Fiyori is poised to disrupt the market.

BE: What inspired you to create Fiyori and the way did the thought for an organic hemp-infused vodka come about?

Clarence and Jay: Fiyori was inspired by the need to create a premium vodka that not only tasted exceptional, but in addition offered health advantages. Known for its wealthy dietary profile—filled with essential fatty acids, proteins, and antioxidants—hemp seeds were a natural alternative. We desired to mix wellness with pampering, and so the thought of ​​an organic vodka infused with hemp was born. Fiyori was a product that combined one of the best of each worlds: premium vodka and the advantages of organic hemp seeds, while maintaining a smooth, sophisticated taste.

Can you tell us concerning the technique of developing the world’s first organic hemp-infused vodka? What challenges did you encounter along the best way?

Creating the world’s first organic hemp-infused vodka has been an exciting journey. The process began with sourcing high-quality organic hemp seeds that met our rigorous standards for sustainability and purity. We experimented with the infusion process to realize the proper balance of flavor without compromising the smoothness of the vodka. One of the most important challenges was overcoming regulatory hurdles and educating consumers concerning the difference between hemp and marijuana. Despite these hurdles, we remained committed to creating a singular product that showcased the natural advantages of hemp seeds.

Why was it necessary to you that Fiyori vodka not only be hemp-infused but in addition organic? How do these decisions reflect your brand values?

From the very starting, we were committed to making a vodka that was aligned with the values ​​of quality, sustainability and wellness. The decision to make use of organic ingredients stemmed from our belief that customers deserve a clean, pure product without harmful additives. Hemp seeds have quite a few health advantages and we desired to preserve these characteristics through an organic process. This commitment to integrity reflects Fiyori’s mission to supply a premium, health-conscious vodka while supporting sustainable farming practices.

How do you think that the addition of hemp makes your vodka stand out from others available on the market and the way have consumers responded to it to date?

The hemp infusion definitely sets Fiyori apart in some ways. It adds a subtle nutty flavor and offers potential health advantages like improved heart health, reduced inflammation, and protection of neurological function. Consumers were thrilled to find a vodka that not only tastes smooth but may also contribute to their overall well-being. The feedback was overwhelmingly positive, with many purchasers surprised by how smooth our vodka is and thrilled by the potential health advantages.

In an industry where tradition often rules, how does Fiyori manage to embrace innovation while still paying homage to the art of vodka making?

While we honor traditional vodka-making techniques, we’ve embraced innovation with our hemp seed infusion and deal with organic ingredients. Using state-of-the-art equipment and sustainable practices, we’ve created a product that’s each modern and respectful of workmanship. Our goal is to refine the vodka-making process without overshadowing its roots, combining tradition with recent trends in wellness and sustainability.

Given current trends within the alcohol industry, where do you see Fiyori’s place and what do you think that the longer term holds for cannabis-infused alcohol?

Fiyori suits right into the growing trend of health-conscious, organic spirits. As more people see the advantages of hemp and as regulations evolve, we imagine hemp-infused spirits will turn into more popular. We are proud to be on the forefront of this movement, leading the charge to coach consumers and push the boundaries of premium spirits.

What advice would you give to aspiring black entrepreneurs seeking to break through? spirits industry or other highly competitive market?

Our advice to aspiring Black entrepreneurs is to remain true to your unique vision. Your personal experiences and perspective can set you apart. Build strong networks, deal with quality and innovation, and persevere within the face of challenges. The journey is not going to be easy, but with exertions, community support, and a transparent mission, success is within sight.


This article was originally published on : www.blackenterprise.com
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Business and Finance

Gary Payton Launches Greater Purpose Cannabis Brand

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Gary Payton, Green Label Rx


Former NBA star Gary Payton recently partnered with Green Label Rx to launch Greater Purpose, a cannabis-infused wellness brand with recovery support for athletes and professionals.

The product will debut on September 20 at Hall of Flowers, a cannabis industry trade show in Santa Rosa, California. The former legendary Seattle Supersonic guard has teamed up with Green Label Rx founder Jason McKnight to bring the product to the world.

“Having maintained peak physical fitness throughout my career, it became important to me to share the benefits of cannabis recovery and offer the highest quality wellness products to those with an active lifestyle,” Gary Payton said in a written statement.

Greater Purpose bills itself as the primary brand of its kind to mix the worlds of recovery and cannabis. The topical product line will help alleviate chronic muscle pain, because it has been developed to harness the healing properties of cannabis and is designed to assist those with an lively lifestyle.

During the Hall of Flowers festival, people will have the opportunity to experience Greater Purpose, receive exclusive prizes, watch live product demos and meet Payton on the event.

“Greater Purpose is more than just a product line – it’s a movement to change the way we think about recovery and self-care,” said Jason McKnight.

It was recently revealed that Payton, who has been coaching basketball for several years, was announced as the brand new head coach of the College of Alameda men’s basketball team. He will lead the team after serving as head coach at Lincoln University in Oakland, California for the past three seasons.

Payton has coached within the Big3 Ice Cube league since its inception in 2017. He led his team to a title last season and was named Big3 Coach of the Year.

In 2006, he won the NBA championship with the Miami Heat. The 56-year-old played within the NBA for 17 seasons with the Seattle SuperSonics, Miami Heat, Milwaukee Bucks, Los Angeles Lakers and Boston Celtics. In the 1995-96 season, he was named the NBA Defensive Player of the Year, becoming the primary point guard to win the award.


This article was originally published on : www.blackenterprise.com
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Business and Finance

2nd Annual Franchise Game Symposium in Plano, Texas Breaks New Ground

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Tarji Carter - The Franchise Game Founder / Event Organizer


Franchise gameThe first and only African American Franchise Symposium and Trade Show in the U.S., held its second annual event on August 16, 2024 in Plano, Texas. The event, which was spearheaded by The Franchise Player, Tarji Carter, marketing expert Dessie Brown Jr., and brand consultant Daylon Goff, was held on the Yum! Restaurants International Corporate Campus. The symposium brought together industry experts and leaders to debate the secrets to success, challenges, and opportunities in franchising.

(Photo credit: Donnie R. Word II)

This yr’s theme, “Own Your Future: Franchising as a Path to True Independence,” was the focus throughout the day. There were many notable highlights, but in keeping with Tarja Carter, “One of the most memorable moments at The Franchise Game 2024 was an incredible fireside chat with our esteemed guest, Roland Parrish, and the incredible Lady Jade. Roland’s story of how he used his success to revitalize a struggling community in Dallas through his foundation is truly inspiring. And his sponsorship of Charlie Pride’s internship with the Texas Rangers Baseball Club shows just how deep his commitment runs. But what really stole the show were the priceless gems he dropped, encouraging everyone to lead with integrity, not greed. His words hit home in a powerful way and left the audience feeling inspired, motivated, and ready to make a difference.”

James Fripp, Chief Equity, Inclusion & Belonging Officer at Yum! Brands made a big impact at this yr’s Franchise Game by offering two scholarships to the Yum! Franchising Bootcamp through the Executive Education Program on the University of Louisville! This opportunity is an actual game-changer for 2 lucky participants who will now have the prospect to delve into the world of franchising and gain invaluable knowledge to advance in their entrepreneurial journey. What a unbelievable gesture of support and empowerment from James and Yum! Brands!

This yr, there have been twice as many exhibitors, including Ben & Jerry’s, American Franchise Academy, Nebo Law Firm, Dine Brands (IHOP, Applebee’s and Fuzzy’s Taco Shop), GoTo Foods (Cinnabon, Carvel, Schlotzsky’s, Moe’s Southwest Grill, Jamba Juice, McAlister’s Deli and Auntie Anne’s), Smoothie King, Potbelly Sandwiches, KFC, European Wax Center, Inspire Brands (Dunkin’, Baskin Robbins, Arby’s, Buffalo Wild Wings, Jimmy Johns and Sonic Drive-In), EATS Broker (restaurant brokerage), ATenantCo (business real estate), Orchatect (IT infrastructure solutions) and Chick N Max.

I had the pleasure of participating in the symposium and trade fair, representing Ben & Jerry’s and reporting on the event BLACK ENTREPRENEURSHIP readers. In my role as a franchise development consultant for the brand, I shared with The Franchise Game participants details about Ben & Jerry’s industry-leading racial equity incentive program, which offers a big reduction in franchise fees and waives licensing fees for BIPOC candidates interested in ownership. “It’s definitely one of the most, if not the most aggressive incentive programs in the game,” Carter said. “We were also very grateful to partner with Ben & Jerry’s, who generously donated ten tickets for students at the University of North Texas at Frisco to participate in The Franchise Game and experience the world of franchising firsthand. It’s all about creating opportunity and access, and we’re so grateful for Ben & Jerry’s commitment to making a real difference!”

After the massive success of The Franchise Game 2024, planning is already underway for 2025. Carter said, “2024 was an absolute blast! We’ve doubled in size, with a bigger, better, and bolder program that sets the stage for something truly special. Our partnership with Yum! Brands has been phenomenal, and I’m excited to announce that we’re returning to their Plano Corporate Campus for The Franchise Game 2025 — and trust me, it’s going to be EPIC! We’re already gearing up for next year, ready to welcome more Texas entrepreneurs and give them the tools, connections, and inspiration they need to succeed as franchise owners. I can’t wait to see everyone there!”

To learn more about The Franchise Player and events, go to pl.franchiseplayer.com.


This article was originally published on : www.blackenterprise.com
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