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is grant secrets exposed a scam

2007-04-27 11:49:33 · 2 answers · asked by shley h 1 in Business & Finance Small Business

2 answers

There is no such thing as grant secrets except for those companies or people who want to SCAM people into believing that the government gives out grants for whatever purpose they can think of from paying bills to starting a business -- which is ABSOLUTELY FALSE

There are so many scams operating in the "grant" arena waiting for gullible people who wish there are indeed free money given around. Hence, they package it as "grant secrets revealed" or "grant secrets exposed"

You may first want to read the warnings FTC has issued against these "grant" companies:

http://www.ftc.gov/opa/2004/03/grantresources.htm
http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt134.htm

Here is also one of the warnings issued by the Better Business Bureau http://www.concord.bbb.org/tips_timesharescams.html

If you want information on grants, the ONLY places to go are government websites: the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov/ and Grants.gov http://www.grants.gov/ - these are two FREE sites created by the federal government to provide transparency and information on grants.

Browse through the CFDA listings and see if you can find any grant that would support your purposes. Once you find the grant where you can qualify, go to Grants.gov and download the application form of the relevant grant. You will be asked the CFDA number of the grant.

Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. 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. Individuals especially for personal purposes are not eligible for federal grants.

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

When you hear or see offers of companies promising to give you grants, treat it with a grain of salt and be very skeptical about it. Uncle Sam does not call or email or write to people to tell that they can get grant money.

2007-04-28 01:09:36 · answer #1 · answered by imisidro 7 · 0 0

Must be, because there are no secrets in grants. Grants are announced publicly...

2007-04-27 12:01:33 · answer #2 · answered by NC 7 · 0 0

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