Here’s the point of this blog: do the research on grants. There are a multitude of startup grants and agencies dedicated to helping startups with grants out there. Stating a business is like launching a political campaign, you always start by raising money!
Grants for Starting a Small Business
*check out the bottom of the page for some thoughts from the Brandings Team.
To begin with, readers of the Brandings Blog know, we write a lot about starting a business. In addition, our favoirte subjects include, selecting the right company name and developing a targeted brand name. With that in mind, we thought we would back the launch of a startup even further. We want to start at the beginning and for most entrepreneurs, that’s the money.
Entrepreneurs fund their start-up business from a wide range of sources. Often these include savings, venture capital, or even a rich uncle (it happens). This post however will focus on finding grants.
To present examples, we went and did our own research. And, while this is an extremely important aspect of launching a business it’s not our specialty. We found an author who’s specialty it is.
The author of the below article presents several great ways to procure the startup cost for your business. In particular there are grants by the US Government, at Grants.gov.
Moreover, there are thousands of grant programs available. Some even that don’t need to be repaid and others that are quicker than going through a bank. That’s even if you can find a bank who’s lending now a days.
Other programs available can be found through the Catalog of Federal Domestic Assistance. More still in the Small Business Investment Company. They’ve invested in over 90,000 companies and awarded over 30 Billion dollars over its Fifty year run. Two of their success stories are Staples and Apple Computer.
Applying to these agencies requires time, patients and quite often a having a well thought out business plan. The importance of which we’ve discussed in detail in an earlier blogs.
One thing we found humors in the blog, if you are “wondering where you’ll find the time to spend researching and putting together a comprehensive business plan, or if this sounds like a whole lot of work, you may want to consider a small online business.” We say, if you can’t invest the time for this, maybe a small business is not for you!
The article can help find the funding for your business. If you have any questions please post them below.
Once you’ve found funding call us, we’re here to help you find a business name.
Grants for Starting a Small Business – 4 Places to Begin Your Search
If you are planning on starting a small business and want to find funding to help there are many programs available that can assist you financially. Grants are a great way to fund a new business. They are easier to qualify for than traditional bank loans and they do not need to be repaid. Here are four places to start your search for grants for starting a small business.
Grants.gov is a website where you can find federal grants for starting a small business and apply for them. This site provides access to all of the grants available through the 26 federal grant-making agencies. They have over 1000 grant programs available and award approximately 500 billion annually.
Another place to check for access to grants for starting a small business is the Catalog of Federal Domestic Assistance (CFDA) website. Here you will find a list of all federal programs available, financial and non financial assistance programs. They aim to help you identify what programs fit your specific needs and help to provide communication between the Federal Government and Local Governments.
Grants for starting a small business can be found at the Small Business Investment Company. They embody a partnership between the Federal Government and private investors. Since their inception in 1958 they have awarded over 30 billion in investments to over 90,000 businesses. An interesting bit of information is that Staples and Apple Computer got their start up money from this company.
Another company to look into for grants for staring a small business is the Small Business Administration. This organization not only provides funding but counsels, assists and protects the interests of small business. This is all in an attempt to protect free competitive enterprise and maintain and reinforce the economy as a whole. They partner with public and private organizations to help you start and grow your business.
Grants for starting a small business are not hard to come by. The problem is in the preparation. You will need to be sure that you have a comprehensive business plan completed before applying. A review committee will want to see that you have researched and put in place a plan for long term profitability and marketability. You must know your market, know your competition and most of all, know how you will survive once you are up and running. This will require a great deal of study and more than likely, some professional advice.
This all takes time, research and more time. If you want to start your own small business but are wondering where you will find the time to spend researching and putting together a comprehensive business plan, or if this sounds like a whole lot of work, you may want to consider a small online business. Online businesses have very small start up costs that you can usually fund yourself. They also do not require ongoing costs such as wages, supplies and rent.
There are many people who have profited from the online business world. With some research for the right opportunity you can have a small business online, in your home, working the hours you want.
For more information on a small online business opportunity, go to ImagineYourselfFree Fill out the form on the first page and the watch the video in step #3 on the second page.
- Katrina Cole is an Internet Marketer and member of one of the Largest Internet Marketing & Mentoring programs. She is dedicated to coaching those who want to experience a Legitimate Internet Opportunity that will teach Top Online Marketing Techniques. For more information on how to create a successful Online Home Business or transform your existing one into a more profitable opportunity, please visit KatrinaCole. Article Source: EzineArticles
Update – Lastly, anyone familiar with this blog, knows we love business plans. There is no way you can start a business without a business plan. Moreover, it seams that you can’t even apply for many of these loans without a business plan either.
It makes total sense to us that you can’t apply for a loan without a business plan. Why would anyone, be it bank, investor or whatever give a start up money without knowing everything that would be included in the business plan?
If you don’t know who to speak to, go around the internet and come up with a search, you’ll be
surprised about how many resources are in your disposal.
Single moms may also be eligible for college and school grants.
During this program you are because of the possiblity to buy
a house. of Housing and Urban Advancement and Habitat For
Humanity are two entities which may help with information about housing grants for single
parents. There are specified requirements that need to be met
being eligible for these vouchers, and contain these terms:.
my web page Manuela
Thanks for the comment, you’re absolutely right. Searing online is probably the first best step you can take to find funding for your new venture. You should also consider factors in your life that may help you obtain a loan. Consider ethnicity, there are specific funds set up for Native Americans and African Americans you might want to consider. Single moms and other special funds have been set up as well.
You might also want to consider crowd funding for your new venture, so take a look at that article as well. We also did a blog on venture capitalism a while back after the popularity of “Shark Tank” so that is also another option.
There is many ways to fund your start-up but almost all loans require a business plan, so make sure you have that together before you even walk into a bank!