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Posts Tagged ‘grants for small business’

Federal grants for small business are all the buzz with websites and television ads that use hype to try to sell some magic formula for getting one of these grants.These grants are not part of the federal government grant program.

Now this does not mean that grants for small business do not exist, it just means that there are no federal grants for small business at this time.Although there are some other methods a small business owner can get grants to start or expand their business.  Many states offer grants, low interest loans, and other types of financial aid to entrepreneurs in need of funding.

If you own a small business and need capitol to grow, or are just dreaming of owning your own business one day, there may be hope for you.  Even though there are presently no federal grants for small business, you may still qualify for grants from not for profit organizations or even your state or local government.Grants are normally provided for a specific purpose, so if you do not find a grant that you are qualified for at first keep trying.  You never know when something is going to come up that you are a perfect candidate for.

A great place to start looking for small business grants is the Small Business Administration.These sites will tell you that there are no government grants for small businesses, but they will provide you with information on how to find funding for your venture.Female or minority business owners may qualify for some special grants so this may be an option if you fit one of these categories.  There may be a grant available to you that would not have been otherwise. If you do not locate any small business grants from your search, you may be able to obtain a low interest loan for your small business.

If you do find a grant that you think you may be eligible for, be sure to give yourself plenty of time to fill out the application correctly.Grant boards will not accept a grant application that is not completed according to the directions requested in the grant.  Grant applications are not easy to complete.Grant applications are offical documents and even if they don’t apply to your paticular small business care should be taken when using them.  The old saying, “nothing comes without a price”, is true here.It may not require money to obtain a grant it will cost you time if you want a chance of being awarded a grant.

Again, at this time, there are no federal grants for small business.This does not mean that all is lost.  By doing a little research and contacting your local SBA, you may just find that there is a pot of gold in your future after all.