Thursday, August 30, 2012

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 many Americans who depend on their jobs to small businesses to provide them job security. The U.S. government understands the importance of small businesses and that is why the Small Business Administration provides loan assistance to these companies.

There are government grants funding available to start a business?

The short answer is no. The Federal Government and the SBA does not provide any money or support to help start a new business. I'm sure this is contrary to what you heard. It 'better to know the truth now so that you have not taken on a Wild Goose Chase to spend time and money tying to get free money.

However, SBA does not give the prize money for nonprofit organizations that have a 501 (c) 3 status. Therefore, the only way you can get free grant money is to form a non-profit organization and connect to your existing business or startup idea.

Taking this path means that it is necessary to develop a unique concept or idea that the services of your local community in some way. Take a look around in your area. There is always a need for some kind of help or assistance. Both state and private foundation grants are awarded to organizations that want to contribute something tangible to their fellow citizens.

You must create a nonprofit organization and then write a grant proposal that is appealing to the interests of those who are giving the money. If you plan to SBA for a grant, then look at the types of programs like SBA financing. What is their mission to give out this money?

The same goes for other government grants. You always need to see what each agency is trying to make stock through the grant money. This knowledge will help you understand if you are qualified for a particular scholarship.

If you are able to match your business goals with the goals of community service, then you may be granted a check from a good source of government subsidy....

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