Starting a business takes funding, and finding the right financial support can be tough. Thankfully, there are plenty of opportunities designed specifically for Black women looking to grow their businesses. From government programs to private organizations, many grants offer financial help without the burden of repayment. These resources aim to bridge the gap, providing the support needed to launch and expand businesses successfully.
15 Business Grants for Black Women
Funding can be a major roadblock when starting or growing a business, but many organizations are stepping up to help. These grants provide financial support, mentorship, and resources specifically for Black women entrepreneurs. From beauty brands to corporate initiatives, there are plenty of opportunities to secure funding and take a business to the next level.
National Black Business Pitch
This national competition gives Black entrepreneurs a chance to showcase their businesses to investors and corporate sponsors. Finalists can win cash grants and potential partnerships, making it a valuable opportunity for business owners looking for financial backing and industry connections.
Black History Makers Grant
This grant celebrates Black entrepreneurs making an impact in their industries. Selected winners receive funding to support business growth, along with mentorship opportunities. It’s open to a wide range of businesses, providing a much-needed boost to those working toward long-term success.
Glossier Grant Program
Designed to support beauty businesses, this program offers financial assistance, mentorship, and business resources to Black women entrepreneurs in the beauty and wellness space. The goal is to create more opportunities for diverse brands in the industry.
Brown Girl Jane x Shea Moisture Grant
This collaboration provides funding and resources to Black women-owned wellness and beauty businesses. Winners receive grants to help scale their businesses, along with mentorship from industry experts to guide them through growth challenges.
Wish Local Empowerment Program Grant
Created to support small businesses, this program offers grants to Black women entrepreneurs facing financial barriers. The funding helps cover expenses like inventory, marketing, and operational costs, making it easier to sustain and expand a business.
The Fifteen Percent Pledge Achievement Award
This initiative pushes major retailers to dedicate shelf space to Black-owned brands. The grant program associated with it provides funding and business support to help Black entrepreneurs gain visibility and scale their businesses.
Sephora Beauty Grant
Sephora’s program offers financial support and mentorship to Black women-led beauty brands. Recipients gain access to business development resources, networking opportunities, and funding to help grow their brands in the competitive beauty industry.
NAACP Backing the B.A.R Grant
In partnership with Bacardi, this grant supports Black-owned bars, restaurants, and nightlife businesses. It provides funding, training, and mentorship to help entrepreneurs in the hospitality industry sustain and grow their businesses.
Invest in Progress Grant
This grant, created by The Boss Network and Sage, helps Black women entrepreneurs with funding and business mentorship. The program is designed to support new and growing businesses, ensuring they have the resources needed for long-term success.
Famous Amos Ingredients for Success Entrepreneurs Initiative
This initiative provides Black business owners with grants and mentorship to help grow their ventures. The program includes business coaching and financial support, giving entrepreneurs the tools they need to scale.
National Black MBA Association Scale-Up Pitch Challenge
This pitch competition is open to Black entrepreneurs looking to secure funding for their startups. Winners receive cash prizes and mentorship opportunities, helping them refine their business strategies and attract investors.
DigitalUndivided’s Breakthrough Program
Designed for early-stage businesses, this program provides Black women entrepreneurs with grants, mentorship, and business training. Participants gain valuable insights into scaling their businesses and securing additional funding.
Power Forward Small Business Grant
Aimed at Black-owned businesses in New England, this grant offers funding to support business growth. Recipients can use the funds for operational expenses, marketing, or expansion efforts.
eBay Up & Running Grant
This program supports small businesses by providing funding and resources to help them thrive. Black women entrepreneurs can use the grant to enhance their e-commerce businesses, invest in marketing, or expand their product lines.
The Black Ambition Prize
Founded by Pharrell Williams, this initiative supports Black and Latinx entrepreneurs with funding and mentorship. The program provides significant financial backing to businesses with high-growth potential, helping them scale and succeed.
Taking the Next Step Toward Business Success
Access to funding can open doors for Black women entrepreneurs, making it easier to launch, grow, and sustain businesses. These grants not only provide financial support but also offer mentorship and resources that can lead to long-term success. With so many opportunities available, now is the time to apply, take advantage of these programs, and move forward with confidence.