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Small Business Grants – How to Get Free Government Grants and Money For Business Start-Ups?
The Obama 2009 Stimulus Package has different schemes for different sections of society. One of them is the small business grants offered by the federal government. How to get money for start up? Are there any eligibility requirements for small business grants?
Here is a detailed description of these grants given by the government…
Small Business Grants
The government offers financial assistance to small businesses or funds your business plan if it’s worth it. These grants are not provided to expand or start any business. They are only available to non-commercial organizations such as non-profit and educational institutions. Grant programs are usually offered in the fields of medicine, education or research.
These grants are not available directly from the Federal Government. There are various state development agencies that provide you with this financial assistance on behalf of the government. There are specific conditions imposed by the Stimulus Package that determine your eligibility to benefit from the start-up money.
There are various sources that will help you gather information about these small business grants, but the best is the Catalog of Federal Domestic Assistance (CFDA). It lists all the privileges that the government provides.
How to get free government grants and business start-up money?
o First of all check the eligibility criteria and if you meet them then apply through a written application which should include full and correct details.
o Try to gather information about your grants officer and their limitations. Proper budgeting knowledge will also help you get your application approved.
o You should have a well prepared business plan if necessary.
o You can seek help from an accountant or consultant to add credibility.
o Be regular in dealings with officials. You have to be quick enough to answer all the procedures.
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