Comprehensive Guide to Local Small Business Grants in 2025

Introduction

Securing funding is a pivotal step for small businesses aiming to expand, innovate, or recover from challenges. In 2025, numerous local grants are available to assist entrepreneurs across various sectors. This guide provides an overview of notable grant programs, eligibility criteria, and application processes to help you navigate these opportunities.

Notable Local Small Business Grants in 2025

1. American Express® Backing Small Businesses Grant

Overview:

This program offers $10,000 grants to small businesses operating in historic downtowns, main streets, and core commercial districts. An additional 25 businesses may receive $30,000 Enhancement Grants for transformative projects.

Eligibility:

  • Independently owned, brick-and-mortar businesses with 20 or fewer full-time employees.
  • Operational since at least January 1, 2024.
  • Located within historic main streets or central business corridors.

    • Application Deadline: July 31, 2025.

    Use of Funds:

  • Accessibility upgrades
  • Equipment and inventory
  • Marketing and technology initiatives
  • Sustainability projects
  • Community events

    • Note: Funds cannot be used for payroll or debt repayment. (forbes.com)

    2. Verizon Small Business Digital Ready Grant

    Overview:

    Verizon, in partnership with the Local Initiatives Support Corporation (LISC), is awarding $10,000 grants to 50 small businesses through its Digital Ready platform.

    Eligibility:

  • Completion of any two eligible courses or virtual events on the Digital Ready platform between January 1 and June 30, 2025.
  • Open to small businesses across various industries.

    • Application Deadline: June 30, 2025.

    Use of Funds:

  • Business growth initiatives
  • Operational improvements
  • Technology enhancements

    • Note: The Digital Ready platform offers free tools tailored to small business growth, including marketing, financial management, and operations workshops. (forbes.com)

    3. Backing Historic Small Restaurants Grant

    Overview:

    In collaboration with the National Trust for Historic Preservation, this program awards $50,000 to 50 historic, independently owned restaurants across the U.S.

    Eligibility:

  • Historic, independently owned restaurants.
  • Demonstrated cultural and community value.

    • Application Deadline: Not specified; check official sources for updates.

    Use of Funds:

  • Preservation and restoration projects
  • Operational support
  • Community engagement activities

    • Note: Aims to help these establishments remain anchored in their neighborhoods amid economic uncertainty. (forbes.com)

    4. Elevate Small Business Grant

    Overview:

    The Federal Home Loan Bank of Indianapolis has designated $3 million for the Elevate Small Business Grant Program, offering grants up to $20,000 per bank member.

    Eligibility:

  • For-profit entities headquartered in Michigan or Indiana.
  • Established under current ownership for at least 12 months prior to the application due date.
  • Annual gross revenue between $20,000 and $1 million in 2024.

    • Application Deadline: September 3, 2025.

    Use of Funds:

  • Strengthening financial position
  • Enhancing operational efficiency
  • Developing human capital

    • Note: Residential projects, nonprofit organizations, and government entities are ineligible. (fhlbi.com)

    5. Wish Local Empowerment Program

    Overview:

    Wish Local is dedicating a $2 million fund to support Black-owned small businesses with brick-and-mortar storefronts, offering grants between $500 and $2,000.

    Eligibility:

  • Black-owned businesses with physical storefronts.
  • Located near Wish retail markets.
  • 20 or fewer employees.
  • Annual revenue under $1 million.

    • Application Deadline: Rolling basis; current cycle runs through July 15, 2025.

    Use of Funds:

  • Rent
  • Inventory
  • Payroll
  • Community-building efforts

    • Note: Aims to promote equality and diversity in American business. (virtucount.com)

    Application Tips

  • Research Thoroughly: Understand each grant’s specific requirements and deadlines.
  • Prepare Documentation: Gather necessary financial statements, business plans, and other supporting documents.
  • Tailor Applications: Customize your application to align with the grant’s objectives and demonstrate how the funding will benefit your business.
  • Seek Assistance: Utilize resources like the U.S. Chamber of Commerce’s CO— platform for guidance on grant applications. (uschamber.com)

    • Conclusion

    The landscape of small business grants in 2025 offers diverse opportunities for entrepreneurs seeking financial support. By identifying suitable programs and meticulously preparing applications, small business owners can access vital resources to foster growth and resilience.

    Key Facts

  • American Express® Backing Small Businesses Grant: Offers $10,000 grants to small businesses in historic districts; application deadline July 31, 2025.
  • Verizon Small Business Digital Ready Grant: Provides $10,000 grants to 50 small businesses; application deadline June 30, 2025.
  • Elevate Small Business Grant: Offers grants up to $20,000 for businesses in Michigan and Indiana; application deadline September 3, 2025.

    • Sources

  • American Express® Backing Small Businesses Grant, 2025/(forbes.com)
  • Verizon Small Business Digital Ready Grant, 2025/(forbes.com)
  • Elevate Small Business Grant, 2025/(fhlbi.com)
  • Wish Local Empowerment Program, 2025/(virtucount.com)
  • CO— by U.S. Chamber of Commerce, 2025/(uschamber.com)