How to Apply for a Grant to Start a Small Business
Apply for a grant to start a small business by researching the business, writing a business plan and bouncing the business plan off of a local banker or financial adviser. Learn to use the government grant Web site to apply for a grant with tips from a financial consultant in this free video on business financing.
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Hi, my name is Bill Rae. I'm with Alumni Financial Services. I've been in the finance and the business world for well over twenty years, and today we're going to talk about how to apply for a grant for a startup small business. As in any venture, you're going to want to make sure that you've taken the time to know what it is that you're getting involved in. Do you have what's needed to succeed? Once you've accom, once you've decided that you can then obviously, what you need to do is have a well-written, well thought out business plan. And in this business plan make sure you have what's called a cash flow projection that's clear. What this simply is is a sheet of paper or a formula that's telling anyone you're looking for the grant that there is going to be a way to repay this money. Once that's done, I recommend that you seek out your SBA, or your local banker, or your financial advisor, or your accountant. Bounce it off of somebody to make sure your plan sounds good, looks good, and is well received. When all that's done then I would recommend you go to grants.gov, go to the FAQ link. Do your research, and read and figure out and learn how to use that website. The government has lots of grants and lots of loans available for not only startup, but also expansion of small business. So, if you've done your homework, if you're ready, go to the website and apply. And above all don't get discouraged; hang in there. My name is Bill Rae. I'm with Alumni Financial Services, and we're helping you build wealth.