Starting or growing a small business in 2024 presents many challenges, with securing funding often being the most daunting. While small business loans offer quick financial support, their high interest rates and strict repayment terms can be a burden. Luckily, small business grants provide a valuable alternative, offering free capital to help businesses thrive without the financial strain of loans. Here, we explore seven private small business grants available in June 2024, detailing their eligibility criteria, funding amounts, and application deadlines. Act quickly to seize these opportunities!
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1. CO-100
- For: US small businesses
- Funding Limit: $25,000
- Deadline: July 8, 2024
The CO-100, formerly known as America’s Top 100 Small Business Awards, is a prestigious grant competition organized by the US Chamber of Commerce. Winning businesses not only receive a $25,000 cash prize but also gain national recognition through press coverage and a business profile on CO-. Winners gain access to industry experts and VIP networking events. To be eligible, businesses must be for-profit, have fewer than 250 employees, and have been operational for at least a year. An application fee of $99 is required.
Learn more about the CO-100 and apply here.
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2. NGLCC Community Impact Grant – Central Region
- For: LGBTQ+ owned and allied restaurants
- Funding Limit: $25,000
- Deadline: June 17, 2024
The National LGBT Chamber of Commerce (NGLCC) and the GrubHub Community Fund offer the NGLCC Community Impact Grant to support LGBTQ+-owned and allied hospitality businesses, including restaurants, cafes, and bars. Grants range from $5,000 to $25,000. Eligible businesses must prove their LGBTQ+ ownership or ally status, serve food, and have not received more than two NGLCC Community Impact Grants previously.
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3. The Creative Business Boost Initiative
- For: Creative entrepreneurs
- Funding Limit: $5,000
- Deadline: June 22, 2024
Organized by the Global Entrepreneurship Network (GEN) and Hello Alice, with support from Etsy’s Uplift Fund, this grant supports creative ventures. Winners receive $5,000 and access to a 12-week virtual Boost Camp coaching program. Eligible applicants must be creative entrepreneurs with a business running for at least 12 months, an existing product or service, and a willingness to participate in the Boost Camp. The business must be for-profit and US-registered.
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4. Verizon Small Business Digital Ready
- For: Small businesses
- Funding Limit: $10,000
- Deadline: June 29, 2024
The Verizon Small Business Digital Ready program, in partnership with Next Street and LISC, offers $10,000 in funding and online resources to help businesses thrive digitally. Open to all industries, businesses must complete two of the following Digital Ready programs: courses, live coaching, or community events. Applications are due by June 28, 2024.
5. Driving Small Business Forward 2024
- For: For-profit US businesses
- Funding Limit: $50,000
- Deadline: June 15, 2024
The Progressive® Driving Small Business Forward fund provides $50,000 for a commercial vehicle and a 12-week virtual Boost Camp coaching program. Eligible businesses must be for-profit, US-registered, have 10 or fewer employees, less than $5M in annual revenue, and need a commercial vehicle. Independent contractors for rideshare or delivery services are not eligible. The deadline is June 14, 2024.
6. EmpowHer Grants
- For: Female entrepreneurs
- Funding Limit: $25,000
- Deadline: June 17, 2024
The Boundless Futures Foundation’s EmpowHer Grants offer $25,000 in early-stage capital and professional advisory support to women entrepreneurs. Eligible applicants must be 22 years or older, run a US-registered business addressing a social issue, and have a business no older than three years.
7. Jobber Grants
- For: Small, home service businesses
- Funding Limit: $10,000
- Deadline: June 13, 2024
Jobber Grants provide $10,000 to home service professionals across four categories: Home Service Heroes, Career Builders, Smooth Operators, and Community Caretakers. Applicants must run a home service business, be 18 or older, and be based in the US or Canada. Applications close on June 13, 2024, and the application process takes just five minutes.
These seven grants offer a range of opportunities for small businesses to secure essential funding. With deadlines fast approaching, now is the time to review your eligibility and prepare your applications. Take advantage of these opportunities to propel your business forward in 2024.
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