Things You'll Need:
- Application
- Grant proposal
- Business plan
- SBA advisor
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Step 1
Be sure to complete the application process by filling out an application, preparing a grant proposal and constructing a business plan. The proposal letter and business plan must be clear and well-defined, listing the budgeting for all proposed activities. Include in your proposal/business plan any past business experience you have. The main focus of the government is to enhance the overall economy for the greater good, so also list in your proposal/business plan how your small business will benefit the economy on the local or even national level.
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Step 2
Research the supply and demand needs for your area.
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Step 3
Make certain your business meets the size requirements set forth by the Small Business Administration (SBA). You may have to contact your local SBA for more information.
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Step 4
Meet the aforementioned requirements, do your research (with the aid of the SBA, if necessary) and submit your application, proposal and business plan. All that's left is to patiently await your funding. An advisor will be assigned to your case. Maintain contact with this individual. Once you receive your grant money, you may use it for anything concerning your small business from covering the cost of supplies to utility bills or other overhead expenses.
