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. Read the SBA Financing page to learn about criteria needed for borrowing
It is hard to find grants to start a business -- EVEN for women. There are loan programs for women and minorities, even certification that allows women owned businesses to compete better in government contracting process, but not grants. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business.
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
2006-10-25 08:32:09
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answer #1
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answered by imisidro 7
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Two websites are a possibility to help get your new business off the ground. The first is www.grants.gov, which lists an assortment of federal grants on a number of topics. The second is www.sba.gov, which is the federal governments website for the small businesses. This second site may have links to grants to assist women in starting a business, or if nothing else, low-interest loans.
2006-10-25 11:20:50
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answer #2
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answered by Anonymous
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Supposedly there are some, but a lot of those type of grants disappeared with GW Bush becoming president. So you might want to contact your local SBA and see if they know of any. Also some cities have a Women's Chamber of Commerce, if your city has one, they might be able to help.
2006-10-25 11:14:32
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answer #3
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answered by Minuet 2
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Why should there be any special grants just for women. Is that not discriminating against men?
If you have a business idea it should stand up on it's on merits
2006-10-25 11:13:24
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answer #4
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answered by Anonymous
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yes, these are grants/loan websites that I have found:
count-me-in.org 212-245-1245,
ACCION International - accion.org 617-625-7080,
sba.gov - 800-8-ASK-SBA,
trickleup.org 866-246-9980
Hope these help you! Good Luck!
2006-10-25 11:17:59
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answer #5
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answered by plegue4936 1
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Go to your bank and ask if not there ask them to redirect you
2006-10-25 11:18:59
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answer #6
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answered by devora k 7
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