English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

I am wanting to start my own small bussiness, but I do not know where you get help with start up money.

2006-09-15 07:46:40 · 6 answers · asked by Angela V 1 in Business & Finance Small Business

6 answers

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.

2006-09-15 07:50:34 · answer #1 · answered by imisidro 7 · 14 0

It is a myth of start up money for opening up your own business. It won't and never will happen. You need to work like a dog, and save your money up and then open up your business. That is how the real world works. There are small business administration (SBA) loans, but they can take years and they are LOANS. Nothing is free. If you want something hard enough you need to work towards that dream. That is what makes business successful. People have their own money tied up in the business and work harder so they don't lose it.

2006-09-15 14:50:23 · answer #2 · answered by Trollhair 6 · 0 0

You don't need it. Click the link below and follow the steps to starting your own business and work from home part-time. Watch a 27-minute business overview of the company, industry and services. This is what you are looking for.

Let me know what you think!

2006-09-15 14:54:39 · answer #3 · answered by Anonymous · 0 0

Do an Internet search for "Government Grants"

2006-09-15 14:54:18 · answer #4 · answered by ijcoffin 6 · 0 0

Unless you want to start a child care business, there are no grants for a for profit business. If you don't believe me, go to http://www.grants.gov/ and see for yourself.

2006-09-15 15:15:48 · answer #5 · answered by Anonymous · 0 0

try the internet. its resourful on things. including porn and movie downloads and onspiracy theories and yahoo answers

2006-09-15 14:54:42 · answer #6 · answered by findinforest 2 · 0 0

fedest.com, questions and answers