6 Latest Small Business Grants In California 2022

One good thing about business grants is that you don’t have to pay back, unlike loans which will be paid back with interest. Grants are good for small business owners, especially those who don’t want to take loans or dip into their personal savings to grow their businesses. Some grants are even used to finance new businesses rather than established ones.

It’s important to take your time when writing your grant application because small business grant competitions are usually fierce. Have you got a project or business in California that needs funding? This article covers 6 small business grants in California in 2022.

What To Know Before You Applying For Small Business Grants In California

Even though the process of grant application can be lengthy, there are several things that can make it go more quickly. One of these is keeping a single document that contains answers to all the frequently asked questions on grant applications.

Writing out these answers in advance can make your application much easier since you can just copy and paste your answers into the form. In your document, include the following:

1. Your capital plan

How do you intend to finance your business, whether you’re a new business or an established one? There are other options, such as loans, angel rounds, seed rounds, and crowdfunding.

2. Business model

What kind of business do you have? E-commerce, subscription models, SaaS, and membership are a few examples.

3. Revenue streams

Create a spreadsheet of your products, your cost of goods sold, your retail price, the amount of sales you need to break even, and your gross profit margin.

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4. Business pitch

Think about the issues your business resolves, who your target market is, and how you plan to use your grant. How you, the company’s owner, are specially suited to help your client address this problem is another crucial aspect of your answer.

5. Your business brand

Include a video clip about your business, your logo, and your social media handles. Your small business’s chosen aesthetic should be reflected in your social media platforms.

6. Target audience

Who purchases products from your small business? What characterizes a perfect client?

Additionally, you ought to keep an account of every grant you apply for. Include your application date, the name of grant, the amount, the submission deadline, and any other relevant information. Keep in mind that grants are free money for your business, but it counts as income. Therefore, it’s important to pay taxes on the additional income.

6 Small business grants in California 2022

There are millions of businesses in California, the majority of them are small and could need assistance. Fortunately, small businesses can get grants from the federal, state, local governments, as well as NGOs. Here are 6 small business grants in California:

1. California Dream Fund

The $35 million California Dream Fund program helps start-up companies in the state. Start-up companies and aspiring business owners can apply for micro-grants of up to $10,000. However, the program will demand that business owners have a legal business entity set up after July 1, 2019.

The program will primarily concentrate on a select group of industries, including manufacturing, retail, green technology, child care, and cottage food. In addition to the funding, businesses will have access to a training program.

2. Social Entrepreneurs for Economic Development

The Social Entrepreneurs for Economic Development (SEED) offers micro-grants, training, and technical assistance to small business owners in California. Businesses that qualify must solve a social issue or meet a need in the community.

Additionally, the program explicitly targets immigrants and people who might encounter difficulties finding traditional jobs, such as those who speak little or no English or lack legal residency. The most recent funding round had a deadline of February 8.

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3. California Paid Family Leave Program Grants

The state of California provides grants to small businesses as a way to help them with the costs of offering paid family leave. These funds are handled by the California Labor and Workforce Development Agency and the California Employment Training Panel and come from the general treasury of the state.

Businesses with not less than 50 employees are eligible for grants worth $2,000 each. Furthermore, companies with 51 to 100 employees are eligible to apply for $1,000 for each employee who participates in the program.

Businesses can utilize grant money to cover management and training costs while staff members are on leave. This initiative is ongoing. However, February 8 is the deadline for the round.

4. Kern County Small Business Micro-Grants

Businesses in Bakersfield and Kern County, California, have another opportunity if they weren’t eligible for earlier pandemic assistance programs. Eligible businesses can apply for up to $2,500 in grants totaling roughly $1 million from the community. They must have a revenue of $50,000 or less and a staff size of no more than five full-time workers as at 2019.

Additionally, businesses need to show that they have suffered financial losses due to the epidemic without assistance from earlier funding schemes. First-come, first-served rule will apply to the distribution of grants.

5. Santa Clara County Micro-business COVID-19 Relief Grant Program

Small businesses in Santa Clara County, California that have suffered due to the epidemic are eligible for grants of up to $2,500. The California Micro-business COVID-19 Relief Grant Program has contributed a total of $2.4 million to the program.

Approximately 875 small businesses will be selected to receive funding through the program, which is administered by the nonprofit Enterprise Foundation. To be eligible, businesses must have less than five employees and generate less than $50,000 in annual revenue as of 2019. Additionally, businesses owned by women, minorities, and veterans are given preference.

6. Mono County CV Financial Assistance Program

Businesses in unincorporated areas of Mono County in California can be eligible for a new $5,000 grant opportunity. The Community Development Block Grant and California Housing and Community Development provide the funding.

Additionally, local small businesses with up to five employees earning low to moderate incomes are eligible for the grants. Businesses must show financial losses caused by COVID-19 through their income statements or tax records. First come, first served rules are followed for awarding grants.

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Where To Find Small Business Grants In the United States

1. Grants.gov

Grants.gov, which is available in the form of website and as a mobile application, is a useful tool for looking for all government-sponsored grants. The Grants Learning Center, which is one of its most important tools, teaches you all the rules, procedures, and reporting requirements you need to know before submitting a grant application.

2. SCORE.org

Score.org is endorsed by the U.S. Small Business Administration. The platform provides experienced mentors for small business owners. It has small business resources and a learning library created to help small business owners succeed. Although you can use the search tool on the platform to find grants, your designated business mentor can offer helpful suggestions on your grant application and also let you know about grants your company might be eligible for.

3. Small Business Development Centers (SBDC)

The U.S. Small Business Administration typically controls the SBDC. It gives the latest advice on how to run a small business and can help you apply for small business grants. Additionally, it can help you with issues relating to finances, marketing, manufacturing, organization, and engineering. Consider SBDC as a private consultant without costs.

4. Your Local Library

Typically, librarians must hold a master’s degree in library science so they can be experts at conducting research. They can help you apply for grants and link you with your local Chamber of Commerce or Junior Chamber (JAYCEES).

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