As a small business owner seeking funding opportunities, you may feel limited by only focusing on open opportunities such as RFPs, NOFOs, and others (check out our quick definitions list below). However, did you know that you could be missing out on up to 99% of grants given by doing so?
That’s where E.B. Howard Consulting’s Funding Menu comes in. Our Funding Menu is a unique service that involves creating a proprietary list of relevant funding options based on your industry, dollar amount, location, and small business certification.
By utilizing a Funding Menu, you can gain a better understanding of what the funding landscape looks like for your business over the next 12 to 24 months. What sets our Funding Menu apart from other similar services is the screening, vetting, personalization, reviews, and follow-up care that we put into each hand-curated Funding Menu. Each menu comes with an onboarding process, a first-look review, and a final review meeting with our staff.
By knowing the future activities you plan to undertake to acquire funding, you can increase your chances of securing the funding you need to grow your business. It’s important to map out your future funding opportunities for the next 12-24 months to ensure funding success, and our Funding Menu service can help you do just that. Don’t limit yourself to open opportunities – explore the full range of options available to you with a Funding Menu from E.B. Howard Consulting. Contact us today to learn more about how we can help you achieve successful fundraising.
Let’s Bring you up to speed with some definitions you need to know
- Notice of Funding Opportunity (NOFO): Notices of Funding Opportunity (NOFOs) are used for grants, cooperative agreements, and leader-with-associate awards. An
- Request for Proposal (RFP): This is a negotiated contract where further discussion may take place after the proposal is submitted. The bidder may have the opportunity to change pricing or technical requirements. A SF 33 or SF 1449 must be signed and submitted. Once the government agency signs the appropriate form, the contract becomes binding.
- Request for Quote (RFQ) or Request for Information (RFI): This is typically for information purposes only and is not a binding document. The RFQ/RFI may request pricing information, but the government typically requests further discussion regarding any information obtained.
- Invitation for Bid (IFB): This is a sealed bid and is considered complete. Price is a major factor in IFBs. The bidder is required to sign and submit a Standard Form 33 (SF 33) or Standard Form 1449 (SF 1449) for simplified acquisition procedures. Once the government agency signs the appropriate form, the contract becomes binding.
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We assist our clients in locating, applying for, and evaluating the outcomes of non-dilutive grant funding. We believe non-dilutive funding is a crucial tool for mitigating investment risks, and we are dedicated to guiding our clients through the entire process—from identifying the most suitable opportunities to submitting and managing grant applications.