2006-10-20 19:27:50 · 4 answers · asked by corkie 1 in Business & Finance ➔ Small Business
You stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov/financing than a government grant
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
I suggest you read the following books to get ideas of how to finance your business:
Financing Your Small Business http://www.amazon.com/exec/obidos/ASIN/1572484500/powerhomebizguid
Small Business Financing: How and Where To Get It http://www.amazon.com/exec/obidos/ASIN/0808007386/powerhomebizguid
Financing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing http://www.amazon.com/exec/obidos/ASIN/1580626815/powerhomebizguid
The SBA Loan Book http://www.amazon.com/exec/obidos/ASIN/158062202X/powerhomebizguid
Angel Capital : How to Raise Early-Stage Private Equity Financing http://www.amazon.com/exec/obidos/ASIN/0471690635/powerhomebizguid
Financing Your Small Business (Barron's Business Library Series) http://www.amazon.com/exec/obidos/ASIN/0764124897/powerhomebizguid
2006-10-21 01:10:21 · answer #1 · answered by imisidro 7 · 0⤊ 0⤋
No such factor as a provide for that form of commercial. Grants are for non earnings and leading edge science study and so forth. Not valued at all of the quandary for an SBA mortgage. For the small amount of cash you want take a look at a nearby financial institution, or go browsing to uncover a industrial rent corporation who will finance the truck and gear. As for begin up fees, except you'll qualify for a small working line of credit score, I'm afraid those might be out of pocket. You will have to begin saving now. Despite what you may also learn on the web there may be NO FREE LUNCH FOR SMALL BUSINESS.
2016-09-01 00:19:57 · answer #2 · answered by ? 4 · 0⤊ 0⤋
a grant will be possible if you go non-profit a small biz loan is usally only possible after u beem in biz for 2 years, I own a gym, we have a famous name and we are able to franchise, shoot me an email if u real serious--I can do non-profit or for profit
2006-10-20 20:24:35 · answer #3 · answered by menguss 3 · 0⤊ 0⤋
it is so much easier if you get a franchaise...like Golds Gym or something
2006-10-20 19:29:20 · answer #4 · answered by Blondie 3 · 0⤊ 0⤋