6 December, 2013

Interior/exterior Finishing

I have the building and land, but need liquid cash for shelving, stock, utilities, air conditioning, plumbing and interior/exterior finishing. After speaking to others on the web, I found the answer. You stand a greater chance of getting other sources of funds to start a business than grants Your Credit Card Using Credit Cards to Finance Your Startup ,4621,290366,00. Html Credit Where Credit Is Due: Using Plastic to Finance Your Start-Up Your Family Members and Friends Accepting Start-Up Capital from a Family Member: Good or Bad? Borrowing Startup Funds From Friends & Family ,4507,159,00. Html Microloan program which provides loans up to $35,000 SBA Microloan Program SBA Accredited Microloan Providers SBA Loan Small Business loan from your bank It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK – lots and lots of it, that is why a cottage industry of grant writers was born. Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) and Grants. Gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture. Even if you buy books on "how to get grants" or list that supposedly has information on grants — all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same – hardly any grants for starting a for profit business. Even SBA does NOT give out grants. From the SBA website "The U. S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. " Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business — THERE'S NONE. Most of the federal grants are given to specific target groups with specific requirements (e. G. Minority business owners involved in transportation related contracts emanating from DOT – Grant#20. 905 Disadvantaged Business Enterprises Short Term Lending Program Grants are also often given to non profit groups or organizations involved in 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 grants, 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 opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices. " Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.


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4 Comments

  1. Terry Hall December 5, 2013 at 2:01 am #
    Try for an SBA loan
  2. Karen Nguyen982 December 5, 2013 at 11:14 am #
    Check the type of loans that are out there, maybe even a 2nd mortgage on your house would work.
  3. Dharmu Richards December 5, 2013 at 12:27 pm #
    Have a business plan and have your local bank finance it
  4. A. Lowell203 December 5, 2013 at 7:46 pm #
    The SBA is supposed to do that kind of thing. You will need a business plan, projections, and be able to demonstrate that you can operate a business. There are also programs out there for certain sub-groups - blacks, hispanics, women, oil tycoons.