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Finding_Small_Business_Grants

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					Title:
Finding Small Business Grants

Word Count:
627

Summary:
Poor financing is the number two reason small businesses fail, falling
right behind poor management. Sufficient funding is paramount to the
success of small businesses, and small business grants can be the answer
to the problem. If business owners have the necessary knowledge about how
to find and properly request grants, they have a better shot at creating
a successful business that will be open longer and prosper.

There are over 300 different grants and loans available f...


Keywords:
Small Businesses, Grants


Article Body:
Poor financing is the number two reason small businesses fail, falling
right behind poor management. Sufficient funding is paramount to the
success of small businesses, and small business grants can be the answer
to the problem. If business owners have the necessary knowledge about how
to find and properly request grants, they have a better shot at creating
a successful business that will be open longer and prosper.

There are over 300 different grants and loans available for small
businesses that are just starting out. The grants range from $25,000 up
to $1,000,000 depending on the size and projected success rate of the
business. There are also grants available to help small businesses grow
or expand. Grants are not the same as loans because they do not have to
be repaid. A grant is considered free money, as well as an investment to
promote the success of small businesses and the U.S. economy. Money for
grants comes from income taxes. Obtaining a small business grant does not
require credit checks or deposits, even if the owners have experienced
bankruptcy in the past.

There are a number of helpful websites that send small businesses
government grant packages for free, excluding the cost of shipping. These
packages include information on how to find grants, how to prepare a
grant request, and how to apply for grants pertaining to a specific
business. Some of the providers are Government Funding Solutions, Grant
Master, and Grant Wizard.

It is important to be familiar with the Small Business Administration’s
(SBA) rules for receiving grants before beginning the process of
obtaining one. Although the SBA does not provide grants to small
businesses, they do provide helpful suggestions and resources on how to
find grants.
In order to qualify for a small business grant, individuals must first
become familiar with the 13 CFR 143 document that lists all of the
requirements to be eligible for a grant. This document includes
information on the pre-award and post-award periods and defines all
aspects of applying for a grant and states who is eligible. The CFR is
the primary source of rules and regulations for small business grants and
must be read before starting the grant writing process.

After reviewing the requirements, prospective business owners must write
a grant request. There are professionals who will write a grant proposal
or the individuals may complete it themselves. The Catalog of Federal
Domestic Assistance is a helpful site that links individuals to resources
about federal grants for small businesses. Afterschool.gov gives helpful
tips on how to write a small business grant and, although it is geared
toward grants for after school programs, includes helpful information for
grant writing in general.

Additionally, there are many well-established government and private
organizations that provide grants to small businesses. The Department of
Justice’s Ten Grant document gives access to grant opportunities for
those conducting research in support of law enforcement. The Department
of Labor’s Employment and Training Administration has several grant
opportunities for small business owners. They offer about $125 million to
businesses that are based in a community setting with special attention
to training programs. The Department of Transportation is another
organization that offers small business grants. They offer grants to any
business willing to help resolve the growing problems with the federal-
aid highway program. The Department of Education has a program called e-
GRANTS that locates electronic grants online. They have a detailed list
of grants available and the necessary applications to fill out. There are
a variety of grants available for different groups, all of which have
detailed descriptions and contact information. Other organizations that
provide small business grants include the EPA, the National Cancer
Institute, NOAA, the National Endowment for the Humanities, and the U.S.
Department of Health and Human Services.

				
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