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Grants for Disabled Small Business Owners
Grants can help disabled small business owners get started.
Owning a business can be a challenge for anyone, but there are many more difficulties with owning a business when you are disabled. In addition to normal business expenses, disabled business owners experience other financial hardships due to their disabilities, which can make operating a small business even more challenging. The good news is that there are many helpful options available for disabled small business owners including loans and various grants.
Who Provides Grants?
The federal government sets aside money each year to help a wide variety of people and organizations, including special interest groups, such as business owners with disabilities. In addition to federal grants, there are many private organizations and foundations that offer grants for qualifying disabled persons.
Types of Grants Available
Many believe that there are grants available for disabled people to claim that will allow them to start a business, but this is not the case. While there are grants set aside to aid disabled business owners, these grants are for disabled people who are already business owners. In addition to the grants for disabled business owners, there are also grants available for disabled people to help with expenses, such as medical expenses, needed medical equipment and even housing.
How to Find Grants for Disabled Small Business Owners
If you are a disabled small business owner who needs financial assistance, then you may qualify for several grants. If you are interested in applying for a grant, there are several places for you to look. Start with the U.S. Small Business Association at SBA.gov then search the databases of Grants.gov, GrantsNet (hhs.gov/grantsnet) and FedBizOpps.gov. You can also begin investigating private foundations and organizations as many provide private funding of grants for disabled business owners.
Loans for Disabled Business Owners
In addition to grants for disabled business owners, there are also a wide variety of loans available for disabled business owners. However, keep in mind that you will have to repay the amount of money loaned to you, whereas, you do not have to repay awarded grant money. The Abilities Fund is an organization that specializes in helping disabled small business owners with disabilities get the financial funding they need. The organization also helps disabled people get loans to help start a business too.