Where to Find Grants for Assisted Living Businesses

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Grants can be a game-changer when starting or growing an assisted living business. Unlike loans, grants provide free money that you don’t have to repay. The challenge? Find the right ones and apply them correctly.

If you’ve ever wondered, Where do I even start looking for grants?—you’re in the right place.

This guide breaks down:
Where to find grants (government, nonprofits, corporate, and specialty grants)
How to qualify for the best funding opportunities
Application tips to increase your chances of winning

Let’s dive in! 🚀

Check out this video, too;


What Are Grants & How Can They Help?

Grants are funds provided by government agencies, nonprofits, and private organizations to help businesses thrive. In the assisted living industry, grants have the potential to help cover:

💰 Property purchases or renovations (making homes ADA-compliant, safety upgrades)
💰 Staff training and certification (required for caregivers and administrators)
💰 Equipment and technology upgrades (medical beds, security systems, software)
💰 Licensing and compliance costs (state-mandated regulations)

The key to success? Using a Grant Writing Template to help get the funds you need.


1. Federal & State Government Grants

Government grants are one of the largest sources of funding, but they can also be highly competitive. Here’s where to start:

🔍 Grants.gov

✅ The largest database of federal grants
✅ Search for grants related to healthcare, senior care, and small businesses
✅ Requires a SAM.gov account before applying

🔍 Small Business Administration (SBA) Grants

✅ Provides funding for businesses in rural and underserved communities
✅ Supports businesses focused on healthcare innovation and community development

🔍 State-Specific Grant Programs

✅ Your state may offer grants for assisted living startups and senior care facilities
✅ Search your state’s economic development website for funding opportunities

💡 Pro Tip: Government grants often require detailed documentation. Be prepared with a strong business plan, financial projections, and a clear mission statement.


2. Nonprofit & Foundation Grants

Nonprofits and private foundations also offer grants specifically for senior care, healthcare, and small businesses. Some of the best places to look include:

🔍 AARP Foundation Grants

✅ Supports businesses that help improve the lives of seniors
✅ Focuses on projects related to affordable housing, healthcare, and caregiving

🔍 Robert Wood Johnson Foundation

✅ Funds businesses and organizations improving senior healthcare and equity
✅ Prioritizes innovative care models that enhance quality of life

🔍 Local Community Foundations

✅ Many counties and cities have grant programs for small businesses in healthcare
✅ Search for community foundations in your local area to find funding near you

💡 Pro Tip: Nonprofits and foundations prioritize businesses with a strong social mission. In your application, highlight how your facility improves the lives of seniors.


3. Corporate & Private Business Grants

Many large corporations support small businesses through grant programs, especially for healthcare and senior care businesses.

🔍 FedEx Small Business Grant

✅ Awards up to $50,000 in funding
✅ Ideal for businesses looking to scale and innovate

🔍 Comcast RISE Grants

✅ Supports minority- and women-owned businesses
✅ Provides cash grants, marketing resources, and technology support

🔍 Google.org Impact Challenge

✅ Funds businesses using technology to improve community services
✅ Great for assisted living businesses investing in smart healthcare solutions

💡 Pro Tip: Many corporate grants prioritize businesses owned by women, minorities, or veterans. If you qualify, be sure to emphasize this in your application!


4. Grants for Veterans & Minority Business Owners

If you’re a veteran, woman, or minority entrepreneur, there are special grant programs designed to help you launch and grow your assisted living business.

🔍 Veteran-Owned Business Grants

StreetShares Foundation – Provides funding and mentorship for veteran entrepreneurs
Warrior Rising – Helps veterans start and scale their businesses

🔍 Minority Business Grants

National Association for the Self-Employed (NASE) – Grants up to $4,000 for small businesses
Amber Grant – Monthly grants for women entrepreneurs, including those in healthcare

💡 Pro Tip: Many of these grants require a compelling personal story. Share your passion for assisted living and how your background uniquely positions you for success.


5. How to Apply & Increase Your Chances of Winning

Applying for grants takes time, but a strong application can set you apart. Follow these steps:

Step 1: Find the Right Grant – Only apply for grants that match your business type and goals.
Step 2: Prepare Your Business Plan – Most grants require a detailed business plan and financial projections.
Step 3: Write a Strong Grant Proposal – Explain why your business deserves funding and how it will positively impact seniors.
Step 4: Meet All Deadlines – Many grants have strict submission dates—stay organized!
Step 5: Apply for Multiple Grants – Increase your chances by submitting applications to several grants at once.

💡 Need help? Download our Grant Writing Template to simplify the process!


Next Steps: Take Action Today!

 Step 1: Download the Grant Writing Template to craft a winning application.
Step 2: Get the Assisted Living Launchpad (which has an entire course on grants!).
Step 3: Need expert guidance? Apply to the Assisted Living Investing Mastermind for hands-on coaching!

Grants are available—you just have to find them, apply and be patient! 💰

Have questions? Drop them in the comments below! ⬇️

 

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