5 Types of Georgia Small Business Grants

Georgia Small Business Grants – Overview

No matter your business type, your business has a funding opportunity to increase.

Government Grants are designed for enterprises of all sizes, especially small businesses needing additional funds to meet their customers’ demands.

Georgia Small Business Grants listed below will help you get financial aid through government and private entities to boost your business.

The same resources would help all the affected businesses due to last year’s pandemic.

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.

Special programs are designed for small businesses through the Small Business Administration i.e. SBA. They have Coronavirus Relief Fund, Coronavirus Aid, and Funding through the Cares Act.

Georgia small business grants

Georgia small business grants – 5 Types of Grants available in Georgia for Small Businesses

All of these programs are temporarily open for small businesses across the US. 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 section as well as the small business section. The grant money starts from $50,000 to $250,000, depending upon the business size.

Every applicant needs to follow the procedure before they receive the funds. They have to 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

A renowned private company named Georgia Specific offers grants for small businesses and their new projects. 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

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.

Besides this, rural businesses can avail of low-interest or no-interest loans from the Government’s Export-Import Bank of the United States for agriculture products, exports, and imports.

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.

These are the highly competitive programs in which businesses of all sizes can participate and receive financial aid.

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 present for small businesses in Georgia.

Most grants offered by states are for new entrepreneurs. However, the below-listed grants are available for all businesses actively operating in Georgia.

  • State loans for green businesses are available for businesses associated with the environment or environmental products.
  • Loans from the SSBCI i.e. State Small Business Credit Initiative. This government section provides financing solutions to micro and small businesses. It is funded through the Government’s Department of Treasury.
  • 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 for them.

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

IVF Grants in Georgia

Dental Grants in Georgia

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