5 Tips and How to get Grants for Disabled Founders

Founders with disabilities often face unique challenges with securing funding for their businesses. However, there are a lot of grants available specifically for entrepreneurs with disabilities. In this blog, we will provide five tips for applying for grants for disabled founders, as well as share some resources on where to find funding opportunities.

5 tips for applying for grants as a founder with disabilities

As a founder with disabilities, you may be wondering what grants are available to help you start and grow your business. The good news is that there are a lot of grants available specifically for entrepreneurs with disabilities. In this article, we will give you five tips for applying for these disabled founder grants.

1. Do your research

Before you start applying for any grants, you must do your research and find out which ones you are eligible for. There are a lot of different grant programs out there, so it is important to find the one that best suits your needs. You can do this by searching online or speaking to a business advisor.

2. Get organized

When you are ready to start applying for grants, it is important to get organized and have all of the necessary documentation in order. This includes things like your business plan, financial statements, and tax returns. Having all of this information readily available will make the application process much smoother.

3. Be clear and concise

When writing your grant application, it is important to be clear and concise in your answers. This means being specific about how the grant money will be used and what impact it will have on your business. Grant reviewers want to see that you have a well-thought-out plan for how the funds will be used, so make sure to include this in your application.

4. Follow the instructions

Be sure to read the instructions carefully before submitting your grant application. Each grant program has its specific requirements, so you must follow them closely. Failure to do so could result in your application being rejected outright.

5. Submit early

Finally, be sure to submit your grant application as early as possible. Many programs have deadlines that must be met for your application to be considered, so don’t wait until the last minute to submit yours. By following these tips, you’ll increase your chances of success when applying for grants for disabled founders.

How to get funding as a founder with disabilities

One such program is the Small Business Administration’s (SBA) Microloan program. This program provides loans of up to $50,000 to small businesses and non-profit organizations that may not have access to traditional financing. To be eligible, you must be a U.S. citizen or permanent resident and have a credit score of 620 or higher.

Another option is the AARP Foundation’s Disability Entrepreneurship Fellowship Program. This program provides grants of up to $10,000 to entrepreneurs with disabilities over the age of 50 who are looking to start or grow their businesses. To be eligible, you must be a U.S. citizen or permanent resident and have an annual income of less than $50,000.

If you’re a student with a disability, you may also be eligible for the National Foundation for Credit Counseling’s (NFCC) Student Loan Borrowers Assistance Grant Program. This program provides grants of up to $5,000 to help students with disabilities repay their student loans. To be eligible, you must be a U.S. citizen or permanent resident and have a documented disability that prevents you from working full-time.

There are also a lot of state-specific programs that offer grants and loans to entrepreneurs with disabilities. For example, the New York State Division of Small Business offers grants of up to $5,000 through its Access to Capital Program. To be eligible, you must be a New York state resident and have a business located in New York state.

Get in touch with Grab Grants to learn more about these and other funding opportunities accessible to business owners with disabilities.

Conclusion

There are a lot of grant programs specifically designed to help disabled entrepreneurs get their businesses off the ground. There are also a lot of state-specific programs that offer grants and loans to entrepreneurs with disabilities.

If you are an entrepreneur with disabilities, there are many resources available to help you get started or grow your business. Do some research to find the grant program that best suits your needs and take advantage of the opportunities available to you.