Thursday, July 29, 2010

My husband would like to figure out how to get a grant for a small business, anyone have any ideas?

There is a business in our town that the owner is dying, my husband works there, but we don't have the money to buy the place. We have heard that there are government loans out there that can help, does anyone know?My husband would like to figure out how to get a grant for a small business, anyone have any ideas?
You can try to get a small business loan. Here are the basic requirements for getting financing from the Small Business Administration http://www.sba.gov/financing/preparation鈥?/a>





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鈥?/a>





';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.


http://12.46.245.173/pls/portal30/CATALO鈥?/a>





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





For private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for ';students, artists, academic researchers, libraries and financial aid offices.'; Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.My husband would like to figure out how to get a grant for a small business, anyone have any ideas?
Compared to offline businesses, the investment required to start an online business is minimal. A popular way of earning money on the internet is by providing information and services. This can be monetised by advertising or charging a subscription. You can also make money online by selling products on auction websites like eBay or through your own website. More information available at http://tinyurl.com/syw6m
try this website...good luck, by the way, what kind of business is it?




















Small Business Administration (SBA)


Tips on starting, expanding, and financing your business from the U.S. Government.


Category: Small Business Administration (SBA)


www.sba.gov - 68k - Cached - More from this site - Save








SBA: Financing Your Business


SBA - Services provided by the U.S. Small Business Administration Offices and Partners. ... Financial Forms Financing Basics Grants Micro-Loans Opp. for Women Prequalification Program SBA's ... SBA offers numerous financing programs to assist small businesses. SBA has been ...


Category: Corporate Financing


www.sba.gov/financing - 48k - Cached - More from this site - Save








SBA Loans


SBA Loans. Find out which SBA loans may be right for your business. Before you borrow money, know the credit factors you will need. A list of basic requirements you must meet to qualify for SBA loan assistance. ... Pollution Control Loans are 7(a) loans with the special purpose of pollution control ...www.business.gov/topics/finances/sba_鈥?- 34k - Cached - More from this site - Save


SBA-Guaranteed Loans








The SBA's got your back. With an SBA-guaranteed loan, they'll guarantee as much as 80 percent of the principle. ... on nonguaranteed loans. What's more, banks making SBA loans cannot charge ';commitment fees ... for longer loans), which means the effective rates for SBA loans may be, in some instances ...www.entrepreneur.com/article/0,4621,3鈥?- 40k - Cached - More from this site - Save








Wells Fargo Commercial 鈥?SBA Loans


... the top originators of Small Business Administration (SBA) loans and a leading lender to small businesses ... Wells Fargo offers two types of SBA loans: 7(a) Loan - Loans up to ...www.wellsfargo.com/com/bus_finance/sb鈥?- 10k - Cached - More from this site - Save


SBA Loans
http://usgovinfo.about.com/library/weekl鈥?/a>
Check the Small Business Association. SBA.
sit at home and trade together and so before open an online account at http://www.tinyurl.com/eplss and go ahead to earn by investing /home business /etc etc

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