How Pandemic-Stricken Businesses Survive – the Power of Grants

Available after midnight on January 20, a whole slew of corporate affiliates will be gone.

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Millions of small businessmen were stunned when they were forced to close temporarily because of COVID-19 in early 2020, nor could they think that their entrances would be permanently padlocked 10 months later.

There are still thousands of grants available to small businesses and nonprofits for struggling survivors, yet many of these businesses will be finished at the end of the year.

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Why should small businesses and nonprofits apply for grants? Because large companies, philanthropic organizations and government agencies set aside these funds for a number of reasons and if the money is not given, there is no guarantee that the fund will be re-established. It is free money that can be used for capital funding, staff training, equipment improvements, the development and reinstatement of businesses, and most of it will arrive in January.

As a small business owner, I had to adapt and be creative to save my small boat. It is safe to say that, as recently as April, we all had a “sitting duck” mentality, awaiting the virus that was directly affecting us, but as a CEO , It was mandatory to find a short-term solution.

Related: Business Grants For Pet Lovers

(Free) follow the money

Websites like Grantwatch help provide secure grants to small businesses and nonprofits, while making it easier to identify grantors with open-funding applications for other judicial reasons. According to the site, there are 188 grants in the said category and the number seems to be increasing.

Forums (and others) show new, COVID-19 related grants each day to small businesses, individuals, nonprofits, philanthropists and religious organizations. I applied dutifully and I was lucky to find a company that enabled my company to survive until May.

There are dozens of websites and res that provide avenues of opportunity for startups, nonprofits and corporations. I recently reached out to thank Grantwatch’s founder and CEO, Libby Hikind, and this is what a former Brooklyn teacher taught me

Related: Grants For Personal Use – Are You Eligible?

Tips on getting grants in general

Eligibility: Are you fit There should be zero doubt in your mind before you start your application.

Documentation: Are you able to get all the documents you need to implement and perform any dissemination?

Budget: Will you be able to run your business with a grantable money expenditure and if not, can you secure additional funds elsewhere?

As Libby reiterated during our phoner: Keep an open mind when searching for grants and be creative about the mission of the funding as it relates to the needs and potential of your organization. Remember that there is a wealth of information available to you during this time of crisis.

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