How to Get Grants for Starting a Small Business


Need grants for starting a small business? There are places you can go to inquire about such business grants. Read on for more about securing grants for starting a small business...

Grants for Starting a Small Business

First, locate the name of your local economic development agencies or organizations. You can do this via the web, or give your local chamber of commerce a call and ask them for the names of such organizations. These organizations may be able to give you grants for starting a small business or low interest loans for doing so.

Visit the U.S. government's SBA - Small Business Administration to see what is available through them and if your type of business qualifies for any grants or low interest loans. If your company is tech-related, it will increase your chances here.

Contact your state offices to find out the names of those departments that handle economic development in the state and/or small business administration. The names of such agencies vary from state to state, but people at the state offices will likely know where to transfer you right off the bat. Once you reach the right place, inquire about grants for starting a small business or low interest loans for starting a business in your state.

Finally, using a search engine such as Google or Yahoo, search for 'small business grants (your state)' to see what's available on the web. You may not be able to find grants for starting a small business, but at least you'll know you covered all options if you've done everything mentioned. Remember, many people finance a small business with credit cards but watch those interest rates and be sure you can pay off the credit card balances with funds that will be generated from your business. That's why low interest loans are so appealing to people starting businesses.

Tips & Warnings

  • Check with local business development agencies or groups to inquire about small business grants or small business loans. Your chamber of commerce should be able to point you towards these organizations in your area.

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