A number of grant opportunities are available to South Carolina restaurateurs.
Starting a new business can be as challenging as it is rewarding. For budding restaurateurs in South Carolina, several grants options are at their disposal to help lessen the financial burden that starting a new business can come with. It is important to keep in mind that because for-profit business grants are not common, competition for the few available can be extremely tough at both the local and national levels.
Beaufort County's Hospitality Tax Special Distribution Grants
Beaufort County's Hospitality Tax Special Distribution Grants can be helpful for businesspeople looking to open a restaurant. A number of counties across South Carolina offer such a program that recognizes businesses and projects that help to encourage tourism. In order to apply, businesses must submit an application that includes a detailed budget as well as an explanation about how their particular business can help the overall tourism efforts of Beaufort County.
Facade Grant Program
For restaurants in the city of Lancaster, South Carolina, the Facade Grant Program is one resource that can be tapped to make capital improvements. The city will provide for up $2,000 in support to aid owners in restoring or improving the building where their business is located. Eligible improvements include repainting and structural repair. To apply, businesses must submit an application and supporting documentation to the Support Services Director to be reviewed by the Design Committee, who will ultimately decide whether to award the grant.
Idea Cafe's Small Business Grants
Though more of an unconventional funding source, Idea Cafe's Small Business Grants program can help offset the cost of starting up a business. The program awards a $1,000 grant to a business that shows exceptional creativity and innovation. Winners also receive $1,500 in free advertising for their business. To be considered for the grant, business owners must sign up through Idea Cafe's website. No business plan is required to apply and new groups of finalists are selected each month.
Women's Business Grants
For female entrepreneurs looking to start a restaurant, the Women's Business Grants program is one resource available. Offered to both new and existing female business owners, the program awards grants from $100 to $5,000 (new owners) and $1,000 to $5,000 (existing owners). To be considered, owners can consult the Women's Business Grants website to find out when the next round of applications will be accepted. Applicants are judged based on their business plan, references and other criteria.
Tags: Business Grants, South Carolina, Women Business Grants, Beaufort County, Idea Cafe
