Running a small business can be challenging, especially when you need funding, training, equipment, customers, or help managing day-to-day expenses. Fortunately, there are different types of small business support available through government programs, nonprofit organizations, lenders, and business development networks.
Support can include business counseling, training, loans, specialized programs, contracting opportunities, and limited grants. Eligibility and availability depend on your business, location, industry, ownership, and the type of assistance you need.
Who May Qualify
Small business support may be available to:
- New entrepreneurs and startups
- Established small business owners
- Women-owned businesses
- Veteran-owned businesses
- Minority-owned businesses
- Rural businesses
- Businesses affected by disasters
- Businesses seeking government contracts
- Businesses developing new technology or products
- Small businesses looking for training or mentoring
Check What You May Qualify For
Finding the right business support does not have to be overwhelming. OpenGrants Network helps you discover legitimate assistance programs that may match your situation.
- ✓ Free eligibility check
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Programs vary based on your business, location, industry, and ownership.
Types of Small Business Support
Depending on your situation, you may find several types of assistance.
Business Funding
Funding options can include small business loans, microloans, investments, crowdfunding, and other financing programs. SBA-backed loans may help eligible businesses access financing through participating lenders.
Small Business Grants
Grants can be useful, but they are often more limited than people expect. The SBA states that it does not provide grants simply to start or expand an ordinary small business. Some grants support research, manufacturing, exporting, entrepreneurship organizations, or specific initiatives.
Free or Low-Cost Business Counseling
Business owners may be able to receive free or low-cost counseling through organizations such as Small Business Development Centers, SCORE, Women's Business Centers, and Veterans Business Outreach Centers.
Government Contracting Support
Some small businesses can receive assistance preparing for government contracting, certifications, and opportunities to compete for federal contracts.
Training and Mentoring
Business owners may find help with business planning, marketing, financial management, exporting, cybersecurity, hiring, and business growth.
Disaster Assistance
Businesses affected by qualifying disasters may have access to special financial assistance and recovery resources.
How Small Business Support Programs Typically Work
- Identify your business needs. Determine whether you need funding, training, equipment, customers, or other support.
- Check eligibility. Programs may consider business size, location, industry, ownership, revenue, and other factors.
- Gather information. You may need business registration information, financial records, a business plan, or tax documents.
- Compare available options. Look at grants, loans, counseling, contracting programs, and other assistance.
- Apply through the appropriate organization. Each program has its own requirements and application process.