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Business grants
There is so much government assistance out there for registered businesses and new businesses waiting to be started
that it is absolutely amazing how so many people do not know about these government programs. Not only
are there grants, guaranteed loans, low interest loans, and venture capital, but there is also free business consultation.
These business offices are designed to help you with whatever your business needs may be, from technical advice,
to starting a business plan for your new business. These offices can answer all your questions. Find assistance for:
Did you know that there are investors out there searching for new businesses to invest in? It's absolutely true! A membership with us will connect you a little known online network where you can post a request for start up funding so individual and corporate investors can find you while you sit back and relax! Just imagine how much bigger our economy would be if every business owner took advantage of these financial resources! There is so much money out there to help businesses grow that if every business in America were to apply for an equal share, each business would receive over $70,000! It's a fact, businesses like Nike, Intel, AOL, Compaq, Apple, Ben & Jerry's, and FedEx all received financial assistance when they were young. If they can do it, why not you? Business Assistance ProgramsWhen it comes to business grant and loan programs you have a few options. The first place you can try is by contacting the CFDA as outlined in the "federal assistance" section of our guide. This is an especially great source for any businesses listed as a non-profit. Some of these programs allow the business to apply directly, yet others provide funding to a third party applicant which in turn redistribues the money at the local level.The next stop to look would be your states website. You can use the links provided below, or you can just use Google to search for your states website. There will be a section there titled "business opportunities" or the like, and this is where you can find all funding allocated to businesses by the state. Some programs include providing funds to business centers which in turn provide free business consultation and financial aid to new entrepreneurs. Some states have been known to provide start up grants for specific types of businesses. You will have to contact your states website for full details. The private sector is another great place to search, and we will help you get started. There are the philanthropic foundations, businesses and organizations looking for tax breaks, and other venture capital firms that can all help finance your business. State Government Agencies - Find and locate all state grants, loans, and free services allocated to business use. This portal will connect you to your states website. State Grants, Loans, and Assistance Programs for Business Use - Here are more state economic development for small business owners. Economic Development Agencies - Locate your local state economic development agency. Federal Business Financial Aid Programs - Read our guide to federal financial aid programs so you know how to search their directory. Business Assistance Programs for Women - See what your local Womens Business Center has to offer. Venture Capital Firms - The venture capial firms listed here are backed by the Small Business Investment Companies federal grant program. Angel Capital Electronic Network - This is a great place to connect angel investors and other venture capital firms with you and your business. State Business Grants and LoansUse our list of weblinks below to find your local state economic development agency. Contact your local agency to see how they can help your new or existing business. Make sure not to pass up any loan offers they may have. Some of these loans are required by law to be distributed to the business owner at 0% interest. Not a bad deal! More information on 0% interest loans can be found in our SBA section below.
Alabama Development Office - Financing Arizona Dept. of Commerce - Small Business Services Arkansas Economic Development - Business Financing & Incentive California Trade & Commerce - Financial Assistance Colorado Business Resources Guide - Financial Aid Connecticut Economic Development - Financing Your Business Delaware Economic Development - Financial Assistance Florida: Enterprise Florida - Small Business Resources Georgia Economic Development - Financial Aid Hawaii Economic Development - Starting a Small Business Idaho Dept. of Commerce - Business Resources Illinois Dept. of Commerce - Business Grants and Loans Indiana Dept. of Commerce - Business Incentive Programs Iowa Economic Development - Business Assistance Programs Kansas Dept. of Commerce - Grants and Loans Kentucky Economic Development - Business Startup - Financing Louisiana Economic Development - Incentives Maine Economic Development - Small Business Development Maryland - Business Assistance - Financing Massachusetts Economic Development - Starting - Financing Michigan Economic Development - Getting Started - Financing Minnesota Economic Development - Financial Assistance Mississippi Development Authority - Financial Assistance Missouri Economic Development - Starting a Business Montana Dept. of Commerce - Financing Nebraska Business Toolkit - Loans - Grants Nevada Economic Development - Business Assistance - Financial Assistance Programs New Hampshire Economic Development - Grants and Assistance New Jersey Commerce & Growth - Financial Assistance New Mexico Economic Development - Incentives New York Economic Development - Financial Incentives North Carolina Dept. of Commerce - Assistance - Incentives North Dakota Economic Development - Business Tools - Financing Ohio Dept. of Development - Small Business Assistance Oregon Business Resources - Financial Resources Rhode Island Economic Development - Business Services - Business Assistance South Carolina Dept. of Commerce - Business Financing South Dakota Economic Development - Financing & Incentives Tennessee Economic Development - Business Support - Financing Texas Economic Development - Small Business Assistance Utah Economic Development - Grants and Funding Vermont Business in VT - Financial Assistance Virginia Economic Development - Financing Washington Economic Development - Financing West Virginia Business Development - Incentives - Financing Wisconsin Dept. of Commerce - Business Resources - Financing Wyoming Business Council - Small Business Small Business Administration Funding and AssistanceEveryone has heard of the Small Business Administration. This network provides a wide range of funding and free assistance opportunities for those interested. You can click here to find your local SBA office. These prople are paid by your tax dollars, so take advantage of what they can offer you! Your local SBA does not provide grants to small businesses, so don't bother asking. They are here to help with planning, financing, and training assistance for current and new small businesses. Remember, the SBA is for small businesses only. You can check to see if your business meets the requirements by clicking here.
The last thing that the SBA can do is back up to 85% of the collateral required on any loans you may be interested in from banks or other financial houses. Use the information provided to contact your local SBA. You can start now by visiting your local SBA's website.
Every business requesting money whether it be a start up grant or a loan will require a business plan. The SBA can help you write your business plan if you need any help. Your business plan will need to include all your business information, your advertising plans, accounting plans, andmanagement plans. An executive summary, supporting information, and estimations on calital flow are all required as well. Your business plan is essentially a blueprint for how you will be operating it. You can get started on learning how to write a business plan by reading the SBA's business plan details. Another great place to help your business is the SBDC or Small Business Development Center network. They are part of the SBA network, and include free services with writing your business plan, marketing, licencing and local regulations, how to sell your product or services to the government, patents, copyrights, how to sell to foreign customers, and help with hiring. They provide these services to those who cannot afford to pay a private business consultant.
You can find your local SBDC here. It's extimated that $10 thousand in services is provided to every business owner they is helped by their locan SBDC. Not only do they provide free assistance from them directly, but they can also connect you to private sector consultants, engineers, and testing facilities if needed.
The SBA guarantees loans provided through private sector lenders such as credit unions and banks. The SBA offers a variety of guaranteed loan programs as well as some that come with a 0% interest rate.
Loan Guaranty Program - This program offers business loans up to $2 million.
SBA LowDoc Loans - Find out within about 36 hours whether or not you are approved for a loan of up to $150,000.
SBAExpress Loans - Get up to $250,000 within 36 hours of submitting your loan application. This program allows banks to use their own procedures to approve the loan which is then guaranteed by the SBA.
Microloan Program - Get a loan as high as $35,000 for eligible start up, new, or small business. These loans originate from local non profits. You must go to your local intermediary to apply.
These are the most popular programs the SBA has to offer. Their list of offers is always changing, so be sure to visit the business financing section of their website for current programs. SBA Approved Lenders- Visit the certified and preferred lenders section of the SBA website to see local lenders that can provide you a SBA loan. |
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