Government Grants for Small Business

While the federal government does not provide grants for starting or growing small businesses, it does provide a myriad of services to assist entrepreneurs in pursuit of their dreams. One of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury. In the current fiscal year the federal government is allocating more than $12 Million to support CDFIs.

Small Business Grants in Your State



Community Development Financial Institutions fall into four categories:

  • Community Development Loan Funds
  • Community Development Credit Unions
  • Community Development Banks - Including Thrifts and Holding Companies
  • Community Development Venture Capital Funds

The genesis of the Community Development Financial Institution Fund was the Riegle Community Development and Regulatory Improvement Act of 1994. The reason for the fund's existence is to foster economic revitalization and community development.

Community Development Financial Institutions by State





Featured Government Grant Resources


Minority Business Enterprise Centers for Minority-Owned Businesses

The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.







Secondary Market Lending Authority Program

The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.





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