The Most Overlooked Small-Business Grants You Can Apply for Right Now

Federal agencies remain some of the strongest sources of funding for small businesses, backing everything from conservation projects to child care providers. It can feel overwhelming at first, but these grants are real opportunities for entrepreneurs ready to grow.

Grants.gov

This is the central hub for federal grants offered by agencies like the Department of Education and Veterans Affairs. It’s the best place to browse current programs and filter by your type of business.

SBIR and STTR Programs

These two programs fund research and development in science and technology. They connect entrepreneurs with federal grants and contracts across 11 government agencies. To qualify, your business must be for-profit, have fewer than 500 employees and meet program guidelines.

USDA Rural Business Development Grant

Designed to support businesses in rural communities, this USDA program provides funding for growth and job creation. Eligible businesses must have fewer than 50 new employees, under $1 million in gross revenue and be located in a qualifying rural area. Applications are submitted once a year through local or state offices.

Program for Investors in Microentrepreneurs (PRIME)

The SBA doesn’t usually give grants directly to businesses, but PRIME supports nonprofits and government organizations that help disadvantaged microentrepreneurs. Groups like Maryland Capital Enterprises and Native CDFI Network received funding in 2024. Because federal grants are highly competitive, it’s worth exploring state and local programs, too.

Economic Development Administration (EDA)

The EDA offers grants, technical assistance and resources to help communities boost economic growth. Each state has its own office that helps small businesses find financing, locations and workforce support. You can use the economic development directory to find local help.

Small Business Development Centers (SBDC)

Your local SBDC can guide you through grants, financing options and training programs. Many operate through universities or economic development agencies and provide free counseling and technical assistance.

Minority Business Development Agency (MBDA) Centers

These centers specialize in supporting minority-owned businesses. They help with capital, contracts and emerging market opportunities, and often hold grant competitions each year.

State Trade Expansion Program (STEP)

Funded by the SBA, STEP grants help small businesses enter international markets. Funds can cover trade show participation, global marketing materials, website globalization and more. Requirements and amounts vary by state.

At the end of the day, navigating grants isn’t just about finding free capital — it’s about understanding where your business fits in a wider ecosystem of federal, state and local support. The processes can be tedious, and competition can be tough, but for many entrepreneurs these programs become the push that turns an early-stage idea into something sustainable. Taking the time to explore what’s available, ask questions and apply strategically can open doors that might otherwise stay closed.