Updated:
Owning and operating your own business is the dream of majority of American citizens today. Over 60 percent have the preference of being their own boss. Although many feel that they do not have the resources, meaning funds to start their own business. There have been many successful businesses that started with little or no money. These business owners who started with little or no money that takes advantage of the FREE government grants available. The United States government has many grants for applicants who would like to start their small business. Grants are available to small businesses in industries such as manufacturing, retail, agriculture or a business or organization that can make a difference in an area.
There are also some that have started their businesses with money from financial lenders or “silent partners”. Money that is obtained from financial lenders such as a loan from banks, are to be repaid whereas grants are not. When a person starts a small business form grant money all money that is taken in is all profit, whereas if a loan was obtained the profit will be cut in half from the money that is to be repaid to the bank. Loans received from banks and private lenders tend to have high interest rates that can add up and eventually profits from the business can or will slack due to the monthly payment for repaying the loan that was acquired. This is how many businesses usually stay in business for a short time.
There are many different ways that a person can obtain a grant from the government to start a business. There are many resources available on the internet, many state government agencies and some non profit organizations that may assist people in obtaining help to start a business. There are many government websites that list grants that are available for individuals or businesses that usually have deadlines. When applying for a grant it is important that the applicant not only has a legit business plan but also should have confidence as well as a business mind.
Many non profit organizations that have received grants not only receive grants from the United States government but can also receive assistance from many local and state agencies. The assistance that non profit organizations receive from state and local agencies is to help your organization branch out and receive help from the many organizations that is related to the non profit organization that is being started. So no matter what type of business that a person wants to start, there are grants available to give assistance to those looking to start their own business.
Leave a Reply