Government Grants to Start a Business - The Real Deal About Free Money
Small business is the backbone of the U.
S.
economy.
Every day, there are numerous Americans who depend on their jobs at small companies to provide them with job security.
The U.
S.
government realizes the importance of small business and that's why the Small Business Administration provides loan assistance to these companies.
Are there government funded grants available to start a business? The short answer is no.
The federal government and the SBA does not provide any grant money to assist or start up a new business.
I'm sure this is contrary to what you've heard.
It's better to learn the truth now so that you aren't led on a wild goose chase spending time and money tying to obtain free money.
However, the SBA does award grant money to non-profit organizations who have a 501(c)3 status.
Therefore, the only way you can get free grant money is to form a non-profit organization and link it to your existing business or start up idea.
Taking this route means you need to come up with a unique concept or idea that services your local community in some way.
Take a look around your local area.
There's always a need for some type of help or assistance.
Both government and private foundation grants are awarded to organizations who want to contribute something tangible to their fellow citizens.
You will have to create a non-profit organization and then write a grant proposal that is appealing to the interests of whoever is giving out the money.
If you are going for an SBA grant, then look at the types of programs the SBA likes to fund.
What is their mission for giving out this money? The same goes for other government grants.
You always need to see what each grant agency is trying to accomplish by awarding money.
This knowledge will help you to figure out if you are qualified for a particular grant.
If you are able to match your business goals with community service goals, then you may be awarded a nice check from a government grant source.
S.
economy.
Every day, there are numerous Americans who depend on their jobs at small companies to provide them with job security.
The U.
S.
government realizes the importance of small business and that's why the Small Business Administration provides loan assistance to these companies.
Are there government funded grants available to start a business? The short answer is no.
The federal government and the SBA does not provide any grant money to assist or start up a new business.
I'm sure this is contrary to what you've heard.
It's better to learn the truth now so that you aren't led on a wild goose chase spending time and money tying to obtain free money.
However, the SBA does award grant money to non-profit organizations who have a 501(c)3 status.
Therefore, the only way you can get free grant money is to form a non-profit organization and link it to your existing business or start up idea.
Taking this route means you need to come up with a unique concept or idea that services your local community in some way.
Take a look around your local area.
There's always a need for some type of help or assistance.
Both government and private foundation grants are awarded to organizations who want to contribute something tangible to their fellow citizens.
You will have to create a non-profit organization and then write a grant proposal that is appealing to the interests of whoever is giving out the money.
If you are going for an SBA grant, then look at the types of programs the SBA likes to fund.
What is their mission for giving out this money? The same goes for other government grants.
You always need to see what each grant agency is trying to accomplish by awarding money.
This knowledge will help you to figure out if you are qualified for a particular grant.
If you are able to match your business goals with community service goals, then you may be awarded a nice check from a government grant source.
