Best Small Business Grants for Women in the US and Canada in 2025
We remember planning a road trip with some of our friends. We enjoyed it quite a lot and were excited to hit the road. However, none of us had cash to fill up the gas tank at one point. We did manage to pay for the gas, but the story gave an important lesson: to have some financial resources.
Many female entrepreneurs face the same situation (lack of funding). However, small business grants can be an effective way to bring ideas to life.
So, in this guide, we’ll talk about some of the best small business grants for women in the US and Canada in 2025.
How to Apply for a Business Grant?
Even though you can apply for small business loans, grants are convenient for some small businesses, as they don’t need to be repaid. There are plenty of grants available for women entrepreneurs in the US and Canada. You just need to look for the eligibility criteria and determine if the grant is useful for your business needs.
In the US
The process of applying for a small business grant for women can vary depending on the specific grant opportunity. However, most applications tend to follow these steps:
- Register and check your eligibility. You can start by creating an account or providing basic information about yourself and your business. For government grants, this often involves completing a formal registration process with the agency providing the funding.
- Select the right grant type. Many organizations offer a range of grants, so the next step is to identify the one that best suits your business needs.
- Submit your application
- Wait for Review
Once submitted, the organization reviews applications and notifies applicants of the final decisions.
In Canada
Female entrepreneurs in Canada have access to various grants and loans designed to kick-start or expand their businesses. Federal government programs, economic development agencies, and non-profits offer these opportunities. Each grant or loan comes with eligibility criteria and deadlines, making it essential to research thoroughly before applying.
Moreover, smart utilization of grant funds and tracking their impact on your business can help you meet your short-term goals and set the stage for long-term success.
Who Offers These Grants?
Small business grants for women are typically available from:
- Government agencies
- Large corporations
- Foundations
- Trusts
- Non-profit organizations
6 Best Small Business Grants for Women in the US and Canada
Do you know that women own 42% of businesses in the US? With such many small business grants, most underfunded businesses can be helped. Luckily, there are plenty of options available for female entrepreneurs.
1. Amber Grant Foundation
The Amber Grant for Women, offered by WomensNet, is a highly accessible funding program supporting women entrepreneurs in Canada and the United States.
The Amber Grant Foundation is a heartfelt initiative inspired by Amber Wigdahl’s life. This non-profit organization was established to honor her legacy and empower women entrepreneurs.
The foundation annually awards three $10,000 Amber Grants to women-led businesses demonstrating potential and creativity. But that’s not all—each year, three exceptional businesses are selected for $25,000 year-end grand prizes.
The good thing is that Amber Grant has a simple application process, a modest $15 application fee, and doesn’t require detailed documentation.
2. HerRise MicroGrant
With a special focus on women of color, HerRise provides $1,000 monthly grants to women-owned small businesses. The grant amount may seem small compared to other grants we are going to mention, but it’s designed to address immediate business needs, like launching a professional website.
It’s important to note that to qualify, the business must have a gross revenue not exceeding $1 million.
3. IFundWomen Grants
The IFundWomen Grants program is a comprehensive platform that combines financial support, business training, and networking for women entrepreneurs.
To apply, you need to fill out the Universal Grant Application, which enters your business into a database. The organization then matches eligible businesses with grant opportunities as new corporate partnerships are formed.
4. Cartier Women’s Initiative Grants
The Cartier Women’s Initiative Grants are a prestigious global funding program designed to recognize and support women entrepreneurs.
This award presents a chance for US and Canadian women entrepreneurs to compete on a global stage alongside innovators from 9 regions. Each year, judges select the top three businesses from each region, awarding grant recipients:
- $100,000 for first place
- $60,000 for second place
- $30,000 for third place
Winners receive a cash prize, business coaching, and networking opportunities. If you’re looking to gain international exposure while amplifying your business’s impact, the next call for applications is open from April 18 to June 25, 2025.
It’s important to note that the business must be in its initial phase, meaning it has been operational for less than six years.
5. BMO Celebrating Women Grant
BMO Celebrating Women grant is for women-owned small businesses that showcase bold plans for growth and a strong commitment to innovation in their industries.
In its most recent round of funding, the program awarded $10,000 grants to 15 women-owned businesses. Many grant winners have used these funds to launch new products, expand their teams, or invest in marketing strategies to reach broader audiences.
6. RBC Canadian Women Entrepreneur Awards
The RBC Canadian Women Entrepreneur Awards, presented by Women of Influence+, is a prestigious program dedicated to celebrating and supporting women entrepreneurs across Canada.
With multiple award categories and grants ranging from $5,000 to $10,000, this program is built to meet the diverse needs of women entrepreneurs.
The RBC Canadian Women Entrepreneur Awards offer winners a platform to showcase their success, inspire others, and gain access to valuable networks and resources.
Final Thoughts
So, there you have it! If you are a female entrepreneur looking to start your dream business in 2025, these grants can help you overcome financial strains. It’s important to research each grant comprehensively, prepare a strong business plan, and make the most of the mentorship and resources these programs often offer.
If you are unsure about the application process, want to prepare a standout business plan, or feel a bit overburdened with finances, Tangent Consulting business coaching services are just what you need.
We have years of experience as a business coach, CFO, and tax consultant. With us, you don’t need to hire an accountant or business coach separately; you can get both in one place.
P.S. If you are reading this, it means you can have access to our free consultation for your business. Avail this for free today before we change our mind 😉
FAQs
What are USA funding applications?
USA funding applications are forms or processes required to apply for grants, loans, or financial programs.
Which is the best source of funding?
The best source of funding depends on your business needs. Grants are ideal as they don’t require repayment, while loans provide quick capital but must be repaid with interest.
Are business grants taxable in Canada?
Most business grants in Canada are considered taxable income. However, specific tax treatments may vary based on the type of grant and how the funds are used.
