Starting a business can be both exciting and stressful. Without the help of small business grants for women, making the transition to a full-time entrepreneur can involve a considerable amount of risk. If your business fails, not only do you have no income, but you are still responsible for paying your debts. That’s no fun if you turned to your personal resources to help finance your startup.

By getting small business grants for women, the government provides free money to women who are able and willing to make that leap into small business owners, which can have a direct and positive effect on the economy.

While small business grants are provided to tax-paying citizens in general, there are programs that provide loans and grants specifically for women, which is a group of one of the fastest growing and most successful business entrepreneurs. However, what most people do not realize is that the government is not the only organization that provides these funds.

By seeking and applying for free small business grants for women through private foundations, there is an opportunity to obtain additional grants to help with launching or expanding your business venture. While these private foundations help particular groups, like women entrepreneurs, they not only help you succeed, but they also enjoy a nice tax break.

Women’s business grants may not be the only funding source you’ll end up taking advantage of, but they have incredible benefits over an SBA loan. For one, money awarded through a grant is provided tax-free and never has to be paid back, regardless of how successful your business may be.