Government Grants

5 responses so far ↓

• 1 cork // Jan 12, 2009 at 10:34 pm

  Anyone can apply-getting is another problem.
  Check government grants and programs online.

• 2 Sal // Jan 16, 2009 at 8:52 am

  There are two resources you can check out at the library.

  “Financing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing”
  By: Robert Sisson and

  “The Guide to Federal Grants and Government Assistance to Small Business”, a two CD set published by the US government.

• 3 newyorkgal71 // Jan 19, 2009 at 8:33 am

  In spite of what we see on late-night television ads, government grants are NOT available to the public to start a business.

• 4 jim_elkins // Jan 19, 2009 at 5:04 pm

  Here are a couple of web sites you will want to check out. They are both U. S. Government sites.

• 5 imisidro // Jan 22, 2009 at 4:42 am

  You stand a greater chance of getting a government-guaranteed loan through the Small Business Administration 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) and 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 SBA does NOT give out grants. From the SBA website

  “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 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
  Small Business Financing: How and Where To Get It
  Financing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing
  The SBA Loan Book
  Angel Capital : How to Raise Early-Stage Private Equity Financing
  Financing Your Small Business (Barron’s Business Library Series)

  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.