Question
Grants for Small Business Start-up
I am trying to start a business. The only problem is that I have horrible credit and searching for grants online is getting confusing. Does anyone know of any grants to help me start my business? I already have the location set-up and ready, I just need inventory and that type of stuff. Any suggestions would be great. Thanks in advance. Just for clarification, I am not starting a retail business.
1 year ago - 2 answers
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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 starting a for-profit business. One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs www ... , which fund the research and development of technological innovation that meets specific government needs. Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups -- minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include Iowa Women's Foundation www ... New Mexico Women's Foundation www ... Even SBA does NOT give out grants. From the SBA website www ... "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 www ... 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." Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) www ... and Grants.gov www ... - 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. 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. 12 ... 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
Source(s)
Free Government Grants to Start a Small Business www ...
by imisidro
1 year ago
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Other Answers
There are no "grants" to start a retail business. You may need a loan from an investor or bank. Start by writing a business plan.
by red riter- 1 year ago