Posts tagged blog

How is the best way to get a government grant to start their own businesses?

We want to start our own activities and want to know the best way to get fully funded for about 50,000 $? They do not want to have anything to pay out of pocket to start you want a bag full of government. thanks

It 'hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money to start a business without profit. One possible exception is for companies developing or exporting agricultural products, including food and forest products. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs http://www.sba.gov/aboutsba/sbaprograms/sbir/index.html, which support research and development of technological innovation that meets the specific needs of the government. Your best bet will actually be part of the States, if they offer programs grant for women (or any other special interest groups – minorities, women, disabled, veterans, etc.). Or check with non profit organizations, in particularly women, if the organizations that offer scholarships. Examples include Iowa Women's Foundation http://www.nmwf.org/guidelines.html http://www.iawf.org/ New Mexico Women's Foundation, including SBA does not give grants. Http://www.sba.gov/mostrequesteditems/CON_FAQ2.html from the SBA website "The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does not offer a large variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA offers several grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, state and local governments. "However, you can go to the catalog of Federal Domestic Assistance (CFDA) and Grants.gov http://www.grants.gov http://www.cfda.gov – These two sites created by the federal government to ensure transparency and information on grants. Navigating through the lists and see if you can find any grant that would support a for-profit venture. Here A list of federal grants for small businesses. See if there is no provision for people to start a business – there is no. Http: / / 12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show more of the federal grants are given to specific target groups with specific needs (eg minority business owners involved in transportation related contracts from DOT – Grant # 20.905 disadvantaged Business Enterprises Short Term Program which pays are also often given to non profit groups or organizations involved in training or other activities similar (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs I suggest you read the following books to get ideas on how to finance your business: Financing Your Small Business http://www.amazon.com/exec/obidos/ASIN/1572484500/powerhomebizguid Small Business Financing: How and where to Get It http://www.amazon.com/exec/obidos/ASIN/0808007386/powerhomebizguid Financing small businesses: a complete guide to obtain bank loans and all other types of financing http://www.amazon.com/exec/obidos/ASIN/1580626815/powerhomebizguid The SBA Loan Book http://www.amazon.com/exec/obidos/ASIN/158062202X/ powerhomebizguid Angel Capital: How to Raise Early-Stage Private Equity Financing http://www.amazon.com/exec/obidos/ASIN/0471690635/powerhomebizguid Financing Your Small Business (Barron's Business Library Series) http://www.amazon.com/exec/obidos/ASIN/0764124897/powerhomebizguid For private grants, you may want to check the Foundation Center Foundation Scholarships Individuals for Http: / / gtionline.fdncenter.org online. This is a subscription based website ($ 9.95 per month), but their opening blurb only says that the database is the ideal "students, artists, academic researchers, libraries and offices of financial aid." Entrepreneurs are apparently not one of them, so I take it not also have listings of private foundations that give grants for aspiring entrepreneurs.

How to Start Your Own (Online) Business