How to Get Free Money From Your Government to Start a Business
Starting a new business can be expensive. Thankfully, the government has programs designed to help small business owners. Knowing what government funding opportunities are available can help you fund your venture. With less financial pressure to worry about, you can focus on other areas of getting your business off the ground.
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Instructions
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Determine how much money you'll need for your business. Create a business plan and list the expenses you anticipate for starting your business. Your business plan will keep you from getting off track in the important early stages of your business. Understanding the amount you need and why you need it will help you fill out applications for government grant money.
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Visit the Small Business Association to determine if you are eligible for an SBA grant (see Resources section). While you're at the SBA website, check out the tools and resources provided to assist you in starting your business. At the SBA website, you'll learn of any government grant programs that apply to you and how to apply.
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Visit the U.S. government's grant site (see Resources section). Not all government grants available are specifically aimed at small business, but certain minority grants and others designed to promote particular areas of study may apply to your situation.
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Contact your state's economic development office or small business development office. Ask where to go for information and what state resources may be available for your business.
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Fill out all required applications carefully. Follow directions precisely and provide complete and accurate information. Pay close attention to application deadlines.
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