Georgia Small Business Grants – Overview
No matter your business type, your business has a funding opportunity to increase.
Government grants are primarily designed for small businesses and specific projects or sectors, not universally for businesses of all sizes.
Georgia Small Business Grants listed below will help you get financial aid through government and private entities to boost your business.
5 Types of Georgia Small Business Grants
Businesses of different sizes face financial crises due to the coronavirus pandemic and its effects. In the state of Georgia, small businesses are affected widely.
These programs have specific application periods and may not be continuously open. However, there are several other funding opportunities available for businesses in Georgia.
The following list includes the grants offered to small businesses by SBA, NGOs, and private entities.
1. SBA Grants
The Federal Department funds SBA grants to boost the country’s economy by providing financial support to small businesses.
They provide grants to the microbusiness and small business sections. Before receiving the funds, every applicant must follow the procedure and present certain documents, including the gross income receipts of previous years.
For more information, check out the official portal, where they have presented everything about the grants open for small businesses.
2. Grants from Private Companies
This company is known for providing financial support to minorities.
If you come from a minority and own a small business that needs additional funds, then Georgia Specific is the right choice.
This way, they can help minorities who can grow their lifestyle and support their families simultaneously.
3. Rural Business Opportunity Grants
Like urban areas, businesses in rural areas are also crucial for a country’s economy. Rural businesses share an equal percentage of the growth of any country.
Therefore, the US Department of Agriculture provides financial support to agriculture-related businesses across the US.
Georgia small business grants – Rural Business Opportunity Grants
Georgian farmers and businesses associated with farming or agriculture should apply for a suitable grant from the official website of the USDA.
All types of institutions are open to avail the grant money, including rural American Indian tribes, cooperatives, nonprofit corporations, etc.
Grants of up to $500,000 are offered for training and business assistance to government and private organizations through this US government department.
The Export-Import Bank of the United States provides export financing.
Head to their official website for more information about the loan and how to apply.
4. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)
The Government offers Small Business Innovation Research and Small Business Technology Transfer programs under their Small Business Administration department.
The SBIR and STTR programs are specifically for small businesses.
These grants help businesses that can work with the federal department’s research programs.
It also includes research institutes from non-profit organizations for developing new business opportunities by producing innovative products for the citizens.
The applicant must pass through three phases to receive the SBIR or STTR grant.
For more information about how to apply for these grants and how you can complete the three phases for financial support, visit their official portal now!
5. Other Financing Opportunities for Small Businesses of Georgia
There are several other financing opportunities available to small businesses in Georgia.
Most grants offered by states are for new entrepreneurs. However, the grants listed below are available for all businesses operating in Georgia.
- State loans for green businesses are available for businesses associated with the environment or environmental products.
- The SSBCI funds states to support small business lending and investment programs, not direct loans to businesses.
- Loans from Non-profit Organizations and Private Organizations
- Early-stage loans from small business investment companies that invest huge amounts of money to help small businesses grow. They also seek benefits from their growth or acquire the entire company as they grow.
- The Innovation Research Grant from Small Businesses by producing innovative ideas for businesses.
Georgia Small Business Grants’ official portal has been updated recently with several opportunities for all types of enterprises.
Small enterprises should explore the listed grants on the official portal to identify and apply for their business category.
The portal lists all the required information about the funding opportunities, their official websites, and how to apply.
Interactive US Map for Small Business Grants
See Also
Small Business Grants in Alabama
Small Business Grants in Massachusetts
Small Business Hardship Grants
How to Apply for Small Business Grants
Best Nursing Schools in Georgia
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