Mirel Barcelo

As a woman, it can often be intimidating to be a business owner and attempt to compete with other companies in the industry. When you need funding to further your success, there are a few business grants for women in 2021 to consider applying for, whether you're a new or seasoned business owner. Amber Grant The Amber Grant honors a young woman who passed away at the age of 19 before she was able to pursue her business goals and dreams.

By Mirel Barcelo, CPA The Small Business Administration (SBA) is a U.S. agency dedicated to providing support to entrepreneurs and small businesses. One of its most well-known loans is the Economic Injury Disaster Loan (EIDL), which is granted to provide economic relief to businesses experiencing a temporary loss of revenue. The EIDL is not a new loan, but the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 has expanded the program.

After the signing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Small Business Administration (SBA) received funding and authority to modify existing loans. Programs were put in place to assist small business nationwide that had been adversely impacted by the COVID-19 pandemic. The purpose of these programs was to provide emergency assistance and healthcare response for individuals, families, and businesses affected by the coronavirus.