not exactly sure what, but say for instance I wanted to start a used car dealership, or a home improvement office. Where do I find a list of available grants along with corresponding requirements.
2006-07-31 04:03:51 · 3 answers · asked by VI 1 in Business & Finance ➔ Small 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.
2006-07-31 04:44:38 · answer #1 · answered by imisidro 7 · 5⤊ 0⤋
The SBA does no longer present offers to begin a trade. If you're honest in opening a biz, offers are a deficient choice- but when that's the best way you wish to head, consult with your library and do study there, DO NOT BUY GRANT BOOKS, if it is know-how from the federal government, it's all to be had totally free. There are only a few truly furnish possibilities in the market, so take into account a small trade mortgage, or SAVING up the cash after which opening the trade with none debt. If there used to be unfastened cash, why might any people paintings???
2016-08-28 15:11:24 · answer #2 · answered by stufflebeam 4 · 0⤊ 0⤋
There is no such thing. Grants are given to non-ptofits for specific projects. For-profit businesses do not qualify for grants of any kind.
2006-07-31 04:08:59 · answer #3 · answered by NC 7 · 0⤊ 0⤋