Like any business owners, women who start their own small businesses generally require capital to begin. Some women use their own funds, plus loans from banks or private lenders. Those women who apply for grants to begin their business have the luxury of getting the capital needed to open and operate their business, generally without paying the loans back. To qualify for a grant, an applicant must meet all the requirements of the specific grant, and be chosen by the donor, committee, board or organization that administers the grants.
- Women who own businesses may be able to access federal grant money.
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