How to Obtain Small Business Grants
Most small businesses fail within the first year because they were poorly
managed. Some fail because they just couldn’t gather the necessary funds to
get a solid start. Let’s face it, even the best leaders and brightest
entrepreneurs in the world need money to invest if they wish to start a
successful small business. This is where grants for small business come in.
With more than 300 different small grants and loans available for the
aspiring entrepreneur, finding the proper grant can be a challenge.
Depending on the scope and estimated profit of the business, grants can
range anywhere from $25,000 all the way up to $1,000,000. Even if you have
already started your business and have been in successful operation for
years, there are small business grants allowable for growth and expansion.
The absolute best thing about grants, as opposed to loans, is that there are
absolutely no re-payment requirements. As such, even those with poor credit
or those who’ve filed bankruptcy can obtain a grant. The money for Grants
from national income taxes, so they are viewed as an investment for economic
stability.
Click Here to Apply For Your Government Grant
If you don’t mind paying a shipping fee, there are websites such as Grant
Master and Government Funding Solutions, which provide the public with free
grant packages which contain information about grant programs. They’re
helpful tools meant to inform you about how to find, prepare a grant
request, and finally apply for a grant for your specific small business.
Before you begin the grant process, it is good to become familiar with the
Small Business Administration’s (SBA) regulations for receiving grants.
Although the SBA doesn’t actually provide any grants, they do provide
individuals with resources to help them find an eligible grant.
Another very important thing to familiarize yourself with is the 13 CFR 143
documentation. The 13 CFR 143 lists all the requirements of an individual
and/or individual business to be eligible for a grant. This document also
provides information about all aspects of small business grant application
as well as information about the pre-award and post-award periods of the
grant process. As the primary source of rules and regulations of small
business grants, it is a must read for anyone seeking a small business
grant.
Once one has educated themselves about the grant process, rules,
regulations, and requirements, they must then write a grant request. This
can be done by the individual themselves, or by a professional grant writer.
One extremely helpful site is ‘Afterschool.gov’ which focuses on writing
grant proposals for after school programs. Although it is geared towards a
specific niche, it offers general tips on grants for small business and
writing grant proposals.
Finding Grants for Small Business can be very challenging, but aside from
the resources listed above, there is a wealth of information and
organizations, both private and government which provide grants and grant
information. The Department of Transportation, for instance, provides small
business grants for business with a focus on resolving the current problems
with the federal-aid highway program; and The Department of Labor’s
Employment and Training Administration also has several small business
grants for those who wish to focus on skills training, and general training
programs. Finding grants for your small business can be difficult, but with
a little dedication and education the prospective business owner can find
the start-up funds they need.
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