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Where To Find Small Business Grants For Your
Start-Up
by: Sue Jan
Grants are given every year for a variety of reasons, from small
business start-ups, continuing education, preserving historic monuments,
to art. Business grants are usually given to applicants that have a
solid business plan, and the more detailed the reports are, the better
chance of getting the grant.
When starting up your own small business, the first priority would be to
find start-up capital. The best capital to get is the small business
grants such as free grants that you never have to pay back, or other
types of grants that are more like loans and require repayment with
interest.
New business owners and existing business owners are eligible to apply
for business grants. There is a wide array of Federal business grants
available such as Free Government Money for Minorities, Free Government
Money for Women, and Obtain Free Government Money for equipment, rent,
offices, expenses and overhead
There are numerous sources to find the best business grants:
* The Catalog of Federal Domestic Assistance is a major provider of
business grant money.
* The Federal Register is another good source to help you keep current
with the continually changing federal grants offered.
* FedBizOpps is another great resource, as all federal agencies must use
FedBizOpps to notify the public about contract opportunities worth over
$25,000.
* The U.S. Government's Grants has its own website where you can find,
obtain information and apply for many of the grants that are available.
* Government's Catalog of Federal Domestic Assistance (CFDA) provides a
listing of Government grants and other types of assistance that you can
receive.
Federal law mandates that government agencies and private foundations
give away over 1 trillion dollars to individuals and businesses.
Foundations are required by law to distribute 5 percent of their market
value assets or interest income annually, whichever of these amounts is
greater, or risk losing their tax-exempt status.
The incentive for giving away grants is great. First, elected officials
seeking reelection give away billions in government cash so that people
vote for them; second, big corporations save a lot of money in taxes by
giving money to foundations.
Another option when starting your business would be to apply for private
grants from foundations and corporations. Foundations award grants to
businesses that are able to help the foundation reach its long-term
goals. In the United States there are more than 65,000 private grant
foundations which award more than $20 billion to applicants. Two good
resources for private grants are the Foundation Center and the Council
on Foundations.
Article Source:
http://www.content.onlypunjab.com
For more on Business Grants visit Small Business Grants. Susan also
enjoys writing at Health and Fitness.
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