Are you a single mom looking for ways to fund and start a business?
Running your own life business can be a challenging for anyone, and one of the biggest obstacles (especially for single moms) is obtaining the funding necessary to get started and to keep it running strong.
Thankfully, there are some funding grants available to support single Moms to start their businesses, so in this post, we will look at some of the best options that could help you achieve your business and financial goals.
- Small Business Administration (SBA) Grants
- Amber Grant
- The National Association of the Self-Employed (NASE) Growth Grants
- Credit Card Funding
Special Offer from Sarah!
Need business funding ASAP?
Consider opening an American Express Business Plus Card.
Enjoy 12 months with 0% interest on purchases!
No Annual Fee!
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*No need for business credit history, just apply with your personal SSN
Disclosure: We may receive a reward from American Express if you choose to apply through our link. We appreciate your support!
Small Business Administration (SBA) Grants
The SBA offers grants to support small businesses, and as a single mom, you may be eligible to apply. These grants are specifically designed for businesses that are owned by women, veterans, or minorities.
The SBA offers grants up to $150,000, and the application process can be completed online.
Do your research to see if your business meets the eligibility requirements.
Amber Grant
Established in 1998, the Amber Grant is issued by WomensNet to assist women in starting their own businesses. The grant provides funding of up to $25,000 to female entrepreneurs who are motivated to achieve their goals.
As a life coach, if you have a strong business plan, an Amber Grant can be the perfect foundation for your business as a single mom.
The National Association of the Self-Employed (NASE) Growth Grants
The NASE offers Growth Grants of up to $4,000 for small business owners, which can include single moms as well.
These grants are designed to support growth by providing funds for equipment, marketing, and business development. As a life coach starting out, this grant could definitely help you cover some essential expenses.
Credit Card Funding
For single moms who need additional funding to cover costs associated with their business, an interest-free credit card can be a great option.
Credit cards offer flexibility, speed and convenience, allowing you to pay expenses on your own terms without waiting for payments from clients.
We highly recommend the American Express Blue Business Plus card for this reason:
- 0% interest on purchases for the first 12 months
- No annual fee
- Up to $50,000 in credit limit
- 2x Membership Rewards® Points on your spending
You can easily apply here in a couple of minutes using your personal SSN or business EIN.
First Click the ‘Apply Now’ button:
Then fill in your details:
For full transparency, this is the card I use for my business and I may receive a reward for referring you.
Final Thoughts
Starting a business as a single mom can be a fulfilling and challenging experience.
There are several grant programs available to Single Moms to provide the financial assistance you need to make your business successful. Keep in mind that there are eligibility requirements for each grant program, so do your research before applying.
Don’t forget to take advantage of conferences and seminars, which can be a rich source of business support and inspiration.
With the right attitude and a solid business plan, you can find the perfect grant program to fund your business – putting you on the path to supporting your childern fulfilling your dreams!
