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restaurant manager for 24 years and i think if i can make millions of dollars for other companies i sure can do it for myself. I am also looking for investors and angels. If anyone have information to help me or can put me in the right direction i would greatly appreciate it. HELP ME PLEASE!!!! I am tired of working for people who don't appreciate me, and making millions for others and not for myself. I also have an associates degree in business management.

2006-08-29 05:05:39 · 5 answers · asked by Lorraine W 3 in Business & Finance Other - Business & Finance

5 answers

The reason you were scammed because you fell for the myth that there are grants for starting a business. Any company that tells you that is lying and is simply out to scam you -- as you have experienced first hand.

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.

2006-08-30 03:09:43 · answer #1 · answered by imisidro 7 · 12 0

WHERE ARE YOU LOCATED AND EXACTLY WHAT KIND OF RESTAURANT ARE YOU TRYING TO OPEN ? E-MAIL ME AT GLOVESETC@ADELPHIA.NET WITH PARTICULARS .

2006-08-29 06:35:33 · answer #2 · answered by Anonymous · 0 0

try this and good luck
http://www.nohasslebargains.com/loan/government_grants.html
Government Grants
Financial Services

2006-08-29 05:09:12 · answer #3 · answered by Anonymous · 0 1

Wire me 10,000 and I'll tell you how..lol

2006-08-29 05:08:34 · answer #4 · answered by daanzig 4 · 0 0

Go to http://grants.gov/Index

2006-08-29 05:37:13 · answer #5 · answered by Anonymous · 0 1

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