As a woman business owner, you’re undoubtedly aware of the hustle, creativity, and, frankly, endurance needed to get a business up and running, keep it functioning—and make it profitable. You also surely know that it takes money to make money. But before you turn to a small business loan for funding, first consider the numerous small business grants available to female entrepreneurs.
Grants are essentially free money that you don’t have to pay back, unlike loans and credit cards. That makes competition for them very high. But if you know where to look and understand the benefits available, you stand a fair shot at the opportunity for a grant.
Here’s a comprehensive guide on the best small business grants for women, plus information on how to apply.
These grant awards are small but can be very helpful for those working to get their business off the ground. Remember, there’s no expectation that this funding will be paid back.
The application cut off for each monthly grant is the last day of every month, so if you want a shot at winning the Amber Grant, you have the opportunity to apply at any time of the year. All you have to do to apply is tell your story and pay a small application fee ($15). You can learn more about the application here.
Started in 2018 by women-led businesses The Mama Ladder and Belly Bandit, this grant is available to mompreneurs running a for-profit business at any stage, in any country.
In addition to completing the online application (and submitting the application fee), you’ll need to post a high five picture on social media that depicts your business purpose. Use the hashtag #highfivegrant and tag @themamaladder and @loweshomeimprovement.
3. EmpowHer Grants
Women business owners with a U.S. business dedicated to issues of social impact, for example, poverty, sustainability, and community-building, can apply for a grant of up to $25,000 from the Boundless Futures Foundation. Your business must earn revenue and must have been started within the last three years.
You’ll need to list your credit score (although the foundation won’t run a credit inquiry) as well as supply a business plan and budget. If you’re selected to receive a grant, it will be disbursed as reimbursement for business expenses, and you’ll need to provide proof of payment.
The Cartier Women’s Initiative Award is awarded once a year to 27 female entrepreneurs, three in each of nine regions around the world. The Cartier award grant is intended for women business owners in the early stages of business development (between one to six years old). The business should be dedicated to positive social and/or environmental impact.
Each of the grant award finalists will receive a spot in the INSEAD Women’s Impact Entrepreneurship Program, as well as the opportunity to participate in workshops, business coaching seminars, and networking opportunities.
This microgrant is offered by the nonprofit portion of HerSuiteSpot, an online networking community dedicated to supporting women through the process of raising funds for their businesses.
To apply, your business needs to be a U.S. company majority owned by women and earning less than $1 million in gross revenue. You’ll be required to pay a $15 application fee, upload a headshot, and share your business plan.
For female entrepreneurs in the early stages of business ownership, this competition offers a valuable opportunity to practice and hone your business pitch to acquire funding.
Qualification requirements include majority woman ownership, U.S.-based business, and the ability to attend the pitch event in person. There are also limitations on the business industries and funds raised to date. See details on the competition webpage.
Enthuse Foundation is a woman-run organization dedicated to supporting women entrepreneurs. Each year, the foundation offers a grant program in which several large company sponsors extend grants of varying amounts for very specific use cases.
For the 2025 grant program, for example, Amazon is offering a $10,000 grant for a women-owned business in Amazon’s store as well as a $10,000 grant specifically for veterans and military spouses. Additional grant opportunities are being offered for business insurance costs, business tools, digital marketing, and other business needs.
AT&T awards one grand prize grant of $50,000 each year to a female entrepreneur. The grant program also has a YouTube channel dedicated to featuring each grant recipient alongside women industry leaders.
This grant is a sizable one compared with others on this list, so if you have large funding needs, go for it!
Galaxy of Stars, an online community run by nonprofit Hidden Stars, provides these annual grants to women and minority business owners. Becoming a Galaxy member gets you access to a directory of other grant opportunities, a free entrepreneurship master class, a list of funding resources and more.
The Founder and CEO of Founders First created this grant program in honor of her mother, nicknamed Kitty, who passed away in 2020. This grant doesn’t place any restrictions on how you can use the money.
To be eligible, the business founder must identify as a mother, the business must be based in the U.S., annual revenue must be $5 million or less, the business must employ between two and 100 people, and it must be in operation for at least a year.
The nonprofit arm of the Tory Burch lifestyle brand offers this fellowship to 50 women entrepreneurs annually. Applications open in the fall, fellows are selected in the spring, and the fellowship begins in the summer.
To be eligible, your U.S. business must be between one and five years old and should generate a minimum of $75,000 in revenue.
A list like this one that collects numerous grant opportunities in a single place can be a great first step in your grant search. IFW has multiple corporate partners that regularly list grants, including Visa, Adidas, American Express, and others.
Complete IFW’s universal application to be entered into their database, which they regularly cross reference with their partners’ qualification requirements to determine the best grant fits for you.
The grants we’ve mentioned above are open to businesses nationwide, but there may also be state and local options. For example, the Women’s Business Development Council in Connecticut offers equity-match grants of up to $10,000 to women-owned businesses in that state.
When starting or expanding your business, make an appointment with your local Small Business Development Center (SBDC) or SCORE office. These organizations are plugged into the local financing community and will be able to guide you if there are any small business grants for women in your area from local corporations, philanthropic, or economic development organizations.
You may also want to look into SBA loans, which are affordable business loans for small business owners. The SBA has always been a champion of women-owned small businesses, and they have extensive resources available for female entrepreneurs (SCORE is actually a partner of the SBA).
Still unsure if a grant is the right choice? We’ve included a helpful flowchart below to see if you’re ready to take the next step to entrepreneurship!
Although every small business grant is unique and has its own set of requirements, there are a few general steps you can follow to identify and apply for the grants that are most applicable to your business:
Remember, grants are often highly competitive, so it’s a good idea to diversify your efforts to get funded. In addition to grants, consider small business loans for women, venture capital firms, women-only business accelerators, and other funding options that may be relevant to you.
Rieva Lesonsky is a contributing writer for Fundera.
Rieva has over 30 years of experience covering, consulting and speaking to small businesses owners and entrepreneurs. She covers small business trends, employment, and leadership advice for the Fundera Ledger. She’s the CEO of GrowBiz Media, a media company specializing in small business and entrepreneurship. Before GrowBiz Media, Rieva was the editorial director at Entrepreneur Magazine.