Question by Cassi D: Government grants/ small business startup loans....? I have a business plan, and a building picked out that I would like to purchase. I have looked at several websites including grants.gov and sba.com to find a way of getting the money I need, and haven't had much luck. I would love to get a grant, but it is really hard to find grants that I qualify for. I have horrible credit, so a loan is also going to be difficult to get unless I can find a way to get financed using something other than my own personal credit history. I don't have anyone to co-sign for me, either. However, I am confident that my business will be successful, due to the fact that I have absolutely no competition whatsoever in my area. I also have a unique and sound business plan and some very good ideas. Has anyone here ever gotten a grant for this purpose? How about a business loan with bad credit? Any ideas? Any info would help!! Thanks, all!! Best answer for Government grants/ small business startup loans....?:
Answer by Brutus
There are no grants for a for profit business unless you are opening a daycare and then it is a minimal amount. If you need money, you will need to apply for a loan. No lender will talk to you unless you provide them with a valid business plan. Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you. SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.
www.GovernmentGrantSource.net - Starting a small business can be very costly, as any entrepreneur knows. Thats why many people start looking for financing options. There are several choices, but if you want to remain in control of your business, you can rule out investors, which leaves you with government small business grants and small business loans. These are two very different options, so well take a closer look at them here. Get started applying for a government small business grant today with http There youll find everything you need, from government grant listings to audio tutorials and sample proposals that will help you win the grants which you apply for.
http://leafgardenpress.com/ Government Small Business Grant verses Small Business Loan
Amelia. Dear Amelia: The SBA does NOT provide grants for starting and expanding a business. Government grants are funded by your tax dollars and, therefore, require very stringent compliance and reporting measures to ensure the money is well spent. As ... Ask M&M: Obtaining a small business grant
If you have been dreaming of starting some small scale business enterprise, then the best option that you could tap is the SBA or the Small Business Association. This is an organization which aids interested businessmen to set up their own businesses. The SBA has branches in all states. However, it is essential to know what exactly the SBA is and the procedure to secure a SBA business loan. In an intensely competitive market, finances are not a joke. Every penny matters and therefore, an in depth understanding of all resources must be present to approach the SBA for a loan.
SBA is a reputed association which takes interest in assisting business men, without regard to their location. The help does not end simply with the loan but continues with suggestions about the investments to be made and tips about proper financing and management of the small business set up. The association is under the authority of the government, and therefore, cent percent genuine. There are various types of SBA loan schemes. Since the mid 1900's the association has been functioning with a lot of success stories as testimony to its reliability. The interested parties need to get in touch with the SBA to come across details on the various programs.
There are SBA bond loans which are chiefly targeted at very small enterprises and small groups. This scheme is a very special and is meant for the niche market. The bonds are in the form of contracts. The rates vary and can go up to even 2 million dollars, in case all the requisites are fulfilled and the plan for the small business enterprise is considered weighty enough. The bonds have their own flexibility and repayment periods. This makes them highly popular loan schemes for setting up businesses with the assistance of the SBA.
The conditions on which the loans are sanctioned by the SBA are various. The main conditions are the size of the business, the services and production which the enterprise advertises. The plan or the structure of the business is the main focus of the lending authority. The SBA often sanctions loans on the strength of the business proposal. The plan must be devoid of any loop holes and it must be clearly explained to the SBA members. More Sba Business Loan Issues
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