Monday, March 19, 2012

Small Business Grants Loans:Grant Money For Small Business - A Viable Alternative to Traditional Financing

By John Roney


When considering business financing, small business owners typically consider three options: personal savings, retained business earnings, and bank loans. Once approached with a question of using grants to finance business ventures many say that they have not though of those at all. Surprisingly, many people categorize grants as a funding source for nonprofits and charities, but not for businesses. Many get surprised that there is grant money available from government, nonprofit organizations, and various foundations.

If you're a citizen of the United States, and want to go into business for yourself, you might need extra money to help you fund your new venture. Small business grants are the ideal way to fulfill your dreams of becoming a business owner.Small business grants for women and minority persons are like a loan that you never have to repay. Small business grant money is made available by the federal government because it recognizes just how important small business is to the economy. In fact, the small business grant you need to start or expand your business may be available right in your own home state.

There are a number of helpful websites that send small businesses government grant packages for free, excluding the cost of shipping. These packages include information on how to find grants, how to prepare a grant request, and how to apply for grants pertaining to a specific business. Some of the providers are Government Funding Solutions, Grant Master, and Grant Wizard.It is important to be familiar with the Small Business Administration rules for receiving grants before beginning the process of obtaining one. Although the SBA does not provide grants to small businesses, they do provide helpful suggestions and resources on how to find grants.

With thousands of grants available from federal and state government there are good chances for many businesses to get the funding they need. While some grants are very specific and restrictive in nature, aimed to finance specific projects in underdeveloped industries, the other ones are available to claim by virtually any small business. When considering grants, it is always better to search the ones designed specifically for your field of operation first, since such feature a better chance of approval. Should industry-specific financial assistance be unavailable, there are thousands of programs designed for small businesses in general.

Additionally, there are many well-established government and private organizations that provide grants to small businesses. The Department of Justices Ten Grant document gives access to grant opportunities for those conducting research in support of law enforcement. The Department of Labors Employment and Training Administration has several grant opportunities for small business owners. They offer about $125 million to businesses that are based in a community setting with special attention to training programs. The Department of Transportation is another organization that offers small business grants. They offer grants to any business willing to help resolve the growing problems with the federal-aid highway program. The Department of Education has a program called e-GRANTS that locates electronic grants online. They have a detailed list of grants available and the necessary applications to fill out. There are a variety of grants available for different groups, all of which have detailed descriptions and contact information. OtherSmall Business Grants Loans organizations that provide small business grants include the EPA, the National Cancer Institute, NOAA, the National Endowment for the Humanities, and the U.S. Department of Health and Human Services.




About the Author:



No comments:

Post a Comment

LinkWithin

Blog Widget by LinkWithin