How much admit money do you usually achieve when starting a small business? Question:

Question:
None.

It seems that you own fallen prey to one of the oodles myths spread in unmistaken uninformed communities.



Answers:
It is hard to find grant to start a business. Unlike the myths that some perpetuate, federal rule and even private foundations hardly tender grant money for a for-profit business. And yes, grant mean PAPERWORK - lots and lots of it, that is to say why a cottage industry of grant writers be born.

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grant.gov - these are two sites created by the federal government to provide transparency and information on grant. Browse through the listings and see if you can find any grant that would support a for-profit project.

Even if you buy books on "how to get grants" or account that supposedly has information on grant -- all of them are mere rehash of what CFDA have, albeit packaged differently. But still the info is like peas in a pod - hardly any grant for starting a for profit business.

Even SBA does NOT give out grant. From the SBA website http://www.sba.gov/expanding/grants.html...

"The U.S. Small Business Administration does not offer grant to start or expand small businesses, although it does offer a general variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does grant some grant programs, these are roughly designed to expand and enhance organizations that provide small business control, technical, or financial assistance. These grant generally support non-profit organization, intermediary lending institutions, and state and local government."

Here is a listing of federal grant for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.
http://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show

Most of the federal grant are given to specific target groups with specific requirements (e.g. minority business owners involved contained by transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

Grants are also repeatedly given to non profit groups or organizations involved within training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

For private grant, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their gap blurb only say that the database is ideal for "students, artists, don researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I lug it they also don't have listings of private foundations who confer grants to would-be entrepreneurs.

http://www.cfda.gov
http://www.grant.gov
http://gtionline.fdncenter.org
http://www.powerhomebiz.com/vol66/grants.htm
http://www.sba.gov/expanding/grants.html
More question :
Small Business Q&A


Copyright 2009-2012 Small-Business-FAQ.com All Rights reserved.     Contact us