Where can I get grants to start my own business?
Topic: Business plan resources needed
July 23, 2019 / By Kirstin Question:
Wanting to start my own business. I am female 30 years old and in college is it possible to get a grant? It is nothing that will benefit our town or charity so I know that makes it a little harder. Any advice? Totally new to this...and hoping I can pull it off!
Best Answers: Where can I get grants to start my own business?
Janna | 2 days ago
Go to http://www.grants.gov for a list of government grants and how you can apply for them. However, there are no grants for a for profit business unless you are opening a daycare and then it is a minimal amount. If you need money, you will need to apply for a loan. No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.
Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.
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Originally Answered: I want to start my own business. Where do I apply for Federal Grants? If there is free money out there.where?
LOL I read the info the other people gave you LOL. Sometimes we don't know what we don't know. Yes there are many grants out there for many different reasons. Go to http://www.nationalgrants.com/ns/ngc/
NOTE: they have the information and you will have to do a little more homework to apply for the grants but it will be worth it. I think you know that you don't have to pay Grants back. What a blessing! Go for your dreams.
For the best answers, search on this site https://shorturl.im/awB1a
Yes. You would always have the nightmare option of a direct student loan, but you would have to attend college full-time. You could ask for a loan for as much as 12,500. Or of course try your luck at getting a loan from the bank. If you have a following of people for your work,( guaranteed buyers) and a website with a comment section with good reviews etc. Then you might be able to persuade a financial insitution into loaning you the money. The whole idea for them as in anyone in business is to turn a profit, good luck with your business.
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all these grants to start business gimmicks are scams mainly. there are grants available but normally only for very specific uses like maybe solar energy or producing biodiesel things the community or gov needs. also for photography there's really not a lot of startup costs i know camera equip is expensive but thats something you should have already if your a profesional photographer aside from that its just web design and promoting yourself
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Don't know the business you're looking at but
What you probably want however are low interest loans--grants are usually government sponsored and come with strings attached--you'll end up working for "peanuts"
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Originally Answered: Business Grants?
You stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov/financing than a government grant. Read the SBA Financing page to learn about criteria needed for borrowing
It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.
Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.
Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.
Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html
"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some 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, and state and local governments."
Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.
Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program
Grants are also often given to non profit groups or organizations involved in training or other similar activities (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 of 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 the Small Business: A Complete Guide to Obtaining 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