Federal Grants For Small Business
Running your own business is the American dream. But finding the cash needed to finance your dream can be difficult, and inadequate funding is one of the primary reasons many start up businesses fail. Fortunately, the US government offers generous federal grants for small business that can help make your dream a reality.
What exactly is a federal business grant?
A grant is basically a free gift of cash from the government to be used for a specific purpose. It's not a loan and you never have to pay it back. You merely have to show that you have a need and that you meet the eligibility requirements for the grant, complete the application process, and wait by the mailbox for your check.
Of course you do have to follow the rules and use the grant for its intended purpose. You can't take money received from a small business grant and use it to take a vacation in Hawaii.
What kind of eligibility requirements are there for business grants?
There are so many different types of grants that it's impossible to give an easy answer. Eligibility requirements may or may not include age, race, gender, or income. Eligibility varies from one grant to another, but it's a good bet that there is one out there with your name on it.
The US government issues billions of dollars in grant money every year, including many to small businesses. Small businesses are the lifeblood of the US economy and the government recognizes that federal grants for small business help keep people employed and the economy stable.
Why don't more people take advantage of federal grants for small business?
Because they're not advertised and many people don't even know they exist. Also, there are so many different types of grants available it can be hard to pinpoint the right one for you.
Your local Small Business Administration office can lend a hand tracking down a business grant, but keep in mind they may not specialize in finding grants for your particular need. They might not have any more success than you could on your own.
Fortunately, the advent of the internet has made finding federal grants for small business easier than ever. There are several sites that have created entire databases of federal and state grants that can be searched by location or keyword.
These Grant Directory sites typically charge a small, one-time fee to gain access to the database, but this is money well spent as it will save you many hours of tedious searching.
What exactly is a federal business grant?
A grant is basically a free gift of cash from the government to be used for a specific purpose. It's not a loan and you never have to pay it back. You merely have to show that you have a need and that you meet the eligibility requirements for the grant, complete the application process, and wait by the mailbox for your check.
Of course you do have to follow the rules and use the grant for its intended purpose. You can't take money received from a small business grant and use it to take a vacation in Hawaii.
What kind of eligibility requirements are there for business grants?
There are so many different types of grants that it's impossible to give an easy answer. Eligibility requirements may or may not include age, race, gender, or income. Eligibility varies from one grant to another, but it's a good bet that there is one out there with your name on it.
The US government issues billions of dollars in grant money every year, including many to small businesses. Small businesses are the lifeblood of the US economy and the government recognizes that federal grants for small business help keep people employed and the economy stable.
Why don't more people take advantage of federal grants for small business?
Because they're not advertised and many people don't even know they exist. Also, there are so many different types of grants available it can be hard to pinpoint the right one for you.
Your local Small Business Administration office can lend a hand tracking down a business grant, but keep in mind they may not specialize in finding grants for your particular need. They might not have any more success than you could on your own.
Fortunately, the advent of the internet has made finding federal grants for small business easier than ever. There are several sites that have created entire databases of federal and state grants that can be searched by location or keyword.
These Grant Directory sites typically charge a small, one-time fee to gain access to the database, but this is money well spent as it will save you many hours of tedious searching.
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