Easy Guide to Small Business Grants Alabama

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Accessing small business grants in Alabama is not a difficult task. The major problem lies in finding legit small business grants as there are scam grants out there.

This article will be your guide toward accessing the presently available small business grants and assistance programs in the state of Alabama and some other states in general.

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Small Business Grants Alabama

Below are lists of small business grants in Alabama and support programs you can leverage so as to boost your small business.

Amber Small Business Grants Alabama

If you are a woman running a small business in Alabama, then you don’t want to miss out on this grant.

Amber grants founded in 1988, has, over time, exceeded the expectations of many. Their effort in driving small businesses owned by women is record-breaking.

They give away nothing less than $30,000 worth of grants every month. This they do as an honor to a special lady Amber Wigdahl who lost her life at the tender age of 19 before actualizing her dreams of becoming a businesswoman.

In recognition of the diversity of businesses owned by women, they have also expanded their grants. They now have the marketing grant and also the business category grants. Also, there is a two $25,000 end-of-the-year grants.

Eligibility: The business owner must be a woman, and the business location will be in Alabama or any state in the US

Deadline: No deadline. The grant runs every month all year round.

How to apply for the Amber small business grant: There are lo lengthy and complicated documents needed for this application. All you need to do is to tell them your business story.

To tell your business story, you must speak from your heart and also be explicit in telling them what matters to you.

Related: Small Business Grants Indiana: Requirements and How to Apply

The Innovate Alabama Supplemental Grant Program

This award supports Alabama-based businesses that have received Phase I or Phase II funding from the Federal Small Business Innovation Research Program (SBIR) or the Federal Small Business Technology Transfer Program (STTR).

The Innovate Alabama Supplemental Program will do the following:

  • Grow the economy of Alabama
  • Develop products and services that can be exported
  • spur research and specialization
  • Create and retain high-wage jobs in skilled occupations.

Eligibility: Once you are in the category of people that received the phase 1 awards, then you are qualified for an SBIR/STTR grant of up to $100,000. If you have also received the Phase 2 awards, then you are eligible to apply for a 50% grant up to $250,000.

Deadline: No deadline has been stated for now, but the earlier you start your application process, the better.

Related: Free & Printable Thank You Cards for Small Business | 2022

Veterans Business Outreach Center – Small Business Administration

This Funding Opportunity is intended to solicit funding proposals. These proposals come from qualifying non-profit groups, local and state government agencies, private sector businesses, and educational institutions.

The goal is to offer seasoned small company owners and entrepreneurs high-quality training, coaching, and funding.

As part of this Funding Opportunity, bidders need to provide training to transitioning service members and spouses through the Boots to Business (B2B) Training Program, as well as veterans and military spouses through the Reboot Training Program.

Eligibility

  • Nonprofits with 501(c)(3) status with the IRS that are not institutions of higher education
  • State governments (Federally recognized)
  • City or township governments 
  •  County governments
  • Public and state-controlled institutes of higher education
  •  Private institutions of higher education

Applicants will also provide veterans, active duty, Reserve, National Guard, military spouse and family member entrepreneurs, and small business owners with counseling, training, technical and financial skill development, complete company evaluations, and mentorship.

Deadlines: The original deadline for this application was set for November 23rd, 2022. The current closure date remains the same, November 23rd, 2022, while the archive date remains December 23rd, 2022.

Related: 9 Creative Small Business Packaging Ideas that Actually Work | Real Packaging Business Ideas for 2023

USDA Rural Business Enterprise Grant Program

The USDA Rural Business Enterprise Grant Program assists small enterprises in rural regions such as Indiana with technical help and inspections.

To qualify for this award, you must have less than 50 employees and a total income of $1 million.

The grants are generally utilized by rural public bodies, municipalities, state governments, non-governmental organizations (NGOs), higher education institutions, rural small businesses, and federally recognized tribes, including Indiana.

Related: Small Business Accounting Hidden Secrets Medium Matt Oliver

Small Business Innovation Research (SBIR) Program, Phase I For Alabama Residents and other States

The SBIR program’s specific purpose is to improve the lives of people with disabilities. They want to do this via R/R&D products generated by small businesses. Also, the program aims at accelerating the commercialization of NIDILRR-supported research and development products.

NIDILRR will offer 10 grants under this opportunity. 

Grants will have a project length of six months and a budget term of six months.

Foreign companies are ineligible to apply for or receive prizes issued in response to this announcement.

Deadline

The initial deadline for this submission was December 16, 2022. The current closure date is the 16th of December 2022, with the archive date being the 30th of September 2023.

FAQs

How much is the Alabama state grant?

This is a grant for undergraduate students who have demonstrated extraordinary financial need on the FAFSA and do not have a bachelor’s or professional degree. Based on estimated family contribution, the grant amounts for the 2021-2022 school year vary from $672.00 to $6,495.00. (EFC).

How much is Alabama cash assistance?

Alabama gives a maximum of $215 a month to a family of three, making it one of the nation’s lowest TANF benefits.

How many times can you apply for rental assistance in Alabama?

While applicants may be eligible for assistance for up to 18 months, the Program will not commit funding for prospective (future) rent for more than three months at a time. Applicants must reapply every three months and will only be considered for assistance if funds are still available.

Conclusion

There are Nonprofit and Small Business Assistance Programs in Alabama. If you are eligible, it is not difficult to obtain such incentives as a small firm.

The information shown above clarifies which firms are eligible. If you need a business grant for your small business and meet the qualifying requirements, you can apply.

Reference

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