Tag Archives: Grants

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How To Find About Small Business Grants

Poor financing is noted to be one of the reasons for failure in small businesses and also when it not managed properly.

It is paramount to have sufficient funding in order to see success in any small business and the availability of small business grants have proved to be the right answer for this problem.

If you as the business owner have the necessary knowledge about finding and properly applying for the small business grant then you should be having the most successful business that gains excellent profits.

Business Grants

The US Government offers more than 300 different grants for small business owners to just start their business. These grants usually range between $ 25,000 to nearly $ 1,000,000 and they depend on the projected success and growth rate of your business.

There are several business grants available for your small business to develop and expand your business. These grants should not be misunderstood over loans as they are not to be repaid. They are also considered as free money and also as investments to promote a successful business and a successful US economy.

The money for the grants is normally derived from income taxes. In order to obtain a small business grant will also not require your credit checks or deposits although you have bad credit or have bankruptcy.

Finding Small Business Grants

There are tons of helpful website that provide small business US government grant packages free of cost even without the shipping cost. These grant packages basically include information on how you can find, prepare and apply for small business grants.

Some of the providers in business grants include government funding solutions, Grant Wizard and Grant Master. Apart from this it is also important to know the rules of Small Business Administration (SBA) to receive the grants before starting the process in obtaining one. Even though the SBA does not offer small business grants the however provide helpful information and resources for finding small business grants.

Small Business Grant Information Resource

In order to qualify for the small business grant you as the business owner should first become familiar all the documents which lists all the requirements to become eligible for the small business grant. These documents include all the information about the post award and pre award periods and it also defines all the aspects of applying for the grant and state that is eligible.

The document is the primary and the most important source for the rules and regulations for small business grants. They are a must read before you start the process of business grants. After you have met the requirements for the grant you should write an appropriate small business grant requirement. There are several professional who would help you in writing the business grant proposal.

There is also the Federal Domestic Assistance which can prove to be helpful with several links to resources and information about small business federal grants or you can also visit the official website of US government where there is complete and accurate information about small business grants.

John Goldman is one of the foremost advisors in matters relating to Government Grants and Financial Aid. To learn more about government grants and how to apply for them visit the Government Grant USA website

Small Business Administration Awards Luncheon
small business
Image by MDGovpics
Small Business Administration Awards Luncheon. by Jay Baker at Baltimore, Maryland

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Small Business Grants: What You Need to Know

Small business is categorized by its small capital, productivity, manpower and profit. Some of the small business start ups are self financed. But most of them are financed by borrowing of money. In order to prevent higher down payment of interest to banks, the Government of many countries provide the small business grant. The small business grant helps the entrepreneur to receive the principle amount without having to worry about the future repayment of it.

The small business grants help in boosting the growth of small firms since the financial aid received from is a stable and reliable source. Small business grants are mostly obtained from the national Government or from the state or local authorities. Some industrial organizations or established corporations also provide such grants but are not always desirable.

Small business grants provide limited funding. The funding is targeted in specific areas. The main area is principal amount where capital investment is very low or unavailable. Small business grants are also provided for business related to farming, fishery or husbandry. The small business grant is targeted towards funding for hiring of manpower or for purchasing of new machinery and other equipments. If a separate building is required then the small business grant is directed towards purchasing of the land and constructing of the required structure. For more established businesses, the small business grants provide financing for research and development and improvement of technology. Furthermore, small business grants are provided for small businesses with foreign exports to enhance international trade.

In order to avail the small business grant, a well drafted business plan is submitted to the Government or authority providing the grant. Usually the loan provider is the Small Business Administration. The borrower should clearly mention the areas where the grant money will be invested. It is expected that 50-85% of the grant money should be invested into the business. The small business grant is approved subjected to guarantee. Upon approval, the credit analysis is done and the final report is submitted to the business lender. The lender directly disburses the amount to the small business owner. The loan repayment is done on monthly installment basis to the business lender.

In the US, obtaining a small business grant for start up businesses is rare. It is provided only for selected category of businesses, especially those into higher technology. It is a time consuming procedure for the companies to obtain the small business grants. Hence such start up companies approach major corporations that provide the small business grants.

In UK, obtaining small business grants is relatively easier. The best source for small business grant in UK is the Princes Youth Business trust. They provide entrepreneurs aged 18-30 years with grants of £1500-£5000. For start up businesses, the trust provides £250 for marketing and research work. In order to qualify for the small business grant, the individual should prove the non availability of capital and ensure that no other organization has provided the required funding. Also the trust should be satisfied with the business plan that has been submitted by the business owner.

James Copper is a writer for http://www.bigstrategies.co.uk

Small Business Administration Awards Luncheon
small business
Image by MDGovpics
Small Business Administration Awards Luncheon. by Jay Baker at Baltimore, Maryland

A small Business can be a success, a small business doesn’t have to stay small. Africa like many places is full of small businesses and struggling entrepreneurs, from small shop owners to street vendors. Vusi challenges the African business community as a whole to help grow these entrepreneurs as most businesses need capital and other forms of support from the more well established businesses and for bankers to play their part. As a continent Africa can become an economic giant of the world.

Known as a “Rock star of public speaking” Vusi is the only speaker globally to have been invited to the Dragon’s Den as an investor. This is because he has built several businesses. Today, as Chairman of Watermark Afrika Fund he is spearheading a pan-African process of raising the largest Growth Fund of high growth, high potential entrepreneurs in Africa.

This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx