Black-Owned Fintech Company Launches Free Grant Search Platform
Black-owned fintech and finance company Novae LLC has announced the launch of a new online tool designed to help small businesses find grants and tax incentives that can help them grow exponentially.
Called Novae Grants, the new tool will allow users to search a database of thousands of opportunities for financial assistance from both the government and the private sector. Tax credits that small businesses may qualify for will also be included in the database.
Novae founder Reco McCambry says the grants his team collects for inclusion in the database vary from $500 to 5 million dollars in size, and is designed to help business owners serve their communities. The grants include city and town-based grants to revitalize local businesses and create jobs, and federal and think tank grants to support renewable energy, technology and innovation.
“The idea is to make it as easy as possible for small businesses to find the support they need to grow,” says McCambry. “Whether you’re a mom-and-pop shop or a good-sized startup, you might be doing something that one of these agencies wants to promote for the public good.”
McCambry notes that most of the grants so far located and placed in the Novae Grants database are intended for small businesses with 6-100 employees, although some are also intended for larger businesses and one-man startups.
“We know that local businesses make us safer,” McCambry told me in our interview, “and we know that innovation often comes from startups. There are many organizations that recognize this and offer funding to support these missions. But it’s not many who know how to find these grants and many assume they won’t qualify because they’re not in some specialized public service role. Our mission is to change that and bring that money into our communities.”
The Novae Grants search engine is now available at novaemoney.com. In addition to grants, Novae also helps businesses build business credit, provides access to traditional corporate financing, and offers businesses the ability to provide consumer financing for their high-ticket offerings.
Novae and CEO McCambry’s mission to increase access to financing for businesses and customers in underserved communities has helped the company and its CEO earn numerous awards and accolades in recent years. Novae has been included in the Inc 5000 list of the 5,000 fastest growing businesses in America for two years in a rowwhile McCambry was recently named Innovator of the Year at the annual Bank Customer Experience Summit and received an Outstanding Leadership Award at Money2.0 this spring.
McCambry hopes the new grant application database, combined with Novae’s other offerings to help businesses and consumers finance large purchases, will help create prosperity for communities that have often been shut out of traditional banking and grant services.
