How to Get a Business Grant From the Government
A grant for your business sounds like a dream come true, doesn't it? You've probably been bombarded with infomercials and internet advertisements which promise millions of free government money to help start or expand your business. Don't fall for the infomercials that offer grant lists or grant kits for a fee, and guarantee that you will get a business grant in two weeks. Unfortunately that is too good to be true. While business grants are indeed available from the government, your business has to qualify to get them and the application process is not a piece of cake either. Please read on how you can go about getting a business grant from the government.
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Instructions
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If you own a small business or are thinking about starting one, use Small Business Loans and Grants Search Tool available at business.gov (link available in the resource section below). You can specify the type your of business, your state, the type of financing you are looking for, whether you are a minority or a veteran, etc. - and the tool will provide you with a list of any programs that you might be eligible for. Be sure to explore many options in order to find all business grants (or loans) you can apply for.
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If you are running a nonprofit, then your chances of getting a government grant are much higher. The government gives out lots of grants to nonprofits in various sectors of public assistance. Search for such grants at grants.gov (also read an article "How to Apply for a Grant for Free" available in the resource section). In addition, visit cfda.gov to search for public service programs that your nonprofit might be qualified to carry out.
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If your business is for-profit, but is involved in research or development, then check grants.gov and cfda.gov - the government funds research and innovation in many different areas.
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Check the economic recovery website of your state (look for a link below). A lot of economic stimulus money is going to the states, and you might be able to get a business grant funded by the stimulus package. Call the contact numbers provided on the recovery site and inquire what grants might be available for businesses and how you can get them.
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Visit forums at business.gov to find more information, ask questions, and share your experience with others in the business community. It's a much better way of learning about business grants and other financing than paying scammers for grant kits.
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Resources
- Photo Credit (brendel) Wikimedia Commons
