thinking of paying MGRTODAY to apply me for a small business grant.Good are bad idea? why?.?

Question

The cost is 450.00, can it work,are is it just another scam.thanks for your time.

Answer 1

Look at SBA website - Lately it said they weren't making any grants and most contact with them is initiated through your bank. I think you will be out $450. http://www.sba.gov/expanding/grants.html - use this link - no grants for start ups

Answer 2

It's a bad idea. They are charging you a $450.00 processing fee to process the paperwork to apply for a grant. They are not guaranteeing that the government or corporate agent will choose you as the recipient of the grant, nor do they guarantee a refund if the agent decides not to choose you.

Answer 3

BAD BAD BAD IDEA. Save your money for your startup capital instead.

For one, the information about grants is FREE. So why will you pay $450 for something that is available for free? Plus, you are being misled into thinking you can get grants to start a business -- unless you live in an incredibly rural area or is an American Indian living in a reserve, you can't get a grant to start a business.

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.
http://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show

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.