Free Grant Proposal Template

how to write a grant proposal for a small business

The U.S. Department of Agriculture (USDA) oversees and manages the Rural Business Development Grant program. It provides funding to strengthen and grow small businesses throughout rural communities. If your proposal has all of these characteristics, it doesn’t guarantee you will get approved.

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This section is written best by separating different issues and ideas into separate sections. This will make it easier for you to write the section by focusing on one idea at a time and make it easier on the reader as well since the section won’t jump all over the place. True grants can be very difficult to find and harder still to get. It may not be easy to find the right grant, but when you do, properly completing the grant application will be your biggest challenge. Most grant applications ask for similar information, but they often have different formats. Whether it’s for a business or organization, writing a grant proposal is a skill that you can learn.

The Objectives and Outcomes

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs enable US-based, for-profit small businesses to become involved in federal research & development. The STTR also includes a partnership between the small business and nonprofit research institutions to formally collaborate in Phase I and Phase II. Federal grants are a type of government grant or economic aid the US government provides from the funds made available through the general federal revenue.

how to write a grant proposal for a small business

GrantForward is a funding opportunity database and recommendation service created by academics for researchers. You can search for grants using a specific keyword, however, in order to get complete use of the site and additional searches, you’ll need to create an account. It is a central database for everyone who makes, receives, and manages federal grants and awards. Government contractors can use SAM, short for Systems for Award Management, to search for grants and contracts and view contract opportunity reports.

Planning and Writing a Grant Proposal: The Basics

If you’re not writing a super formal grant proposal, you might be able to cut or combine some of these sections. When in doubt, check with the funding agency to learn their expectations for your proposal. They might have an RFP or other guidelines that specify the exact outline they want you to follow. To effectively respond and create a grant proposal, it helps to follow the grant application requirements in order. Answer each question that is asked using the same “voice” as that found in the documents. Mirroring the verbiage in the document helps to let the organization providing the grant know that you understand the organization’s purpose.

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Make sure that your numbers are realistic and go over the projections and calculations to ensure that everything’s accurate; don’t over-quote nor under-quote. Then, when you’re ready to write, create a fresh document for your actual grant proposal and start pulling from your least squares regression accounting notes as needed. When writing your proposal, make sure you tailor our content correctly to what was demanded for by the grant organization. Asides that, your business’ outline needs to be specific and provide information on every step of the plan for growth and development.

How To Write An Effective Grant Proposal A Nonprofit’s Guide

Take time to analyze if applying for a grant is really the best way to fund the desired project/campaign. There are grants out there for all types and sizes of nonprofits. In addition to that, while many grants are project-specific, there are plenty of grants that are unrestricted and can fund some of your operating costs or capital campaigns as well. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.

In fact, sometimes securing a smaller grant can make your appeal for a larger grant more attractive. Showing that one or two stakeholders have already supported your project can bolster your credibility. The next step is to identify which grants are best suited for your business. The most important factor to consider is the eligibility criteria of the grant. Each grant has its own set of qualifications, so take the time to review these guidelines carefully.

Examples of Grant Proposals for Nonprofit Organizations (Sample):

The summary gives a taste of the proposal to come and should entice the reader to keep going. A smart grant proposal template makes it easier to write a stand-out proposal. Add and edit information as you customize your document, using the outline provided in the template, to cover everything your client needs to know. Applicants must fulfill the eligibility standards given in the grant proposal rules, which means they must fall into one of many categories that are eligible to receive grant funding.

Click here to see how our professional business plan writers can create your business plan for you. Since 1999, Growthink has developed business plans for thousands of companies that have gone on to achieve tremendous success. This is a crucial part that helps the grantor to go to any section of the letter.

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