Grants Starting Business

The U. S. Government is the largest provider of financial assistance to small businesses. The $700 Billion Wall Street Bailout plan proves that point. But, how can the little guy get his hand on some of the money being handed out by Uncle Sam?

Where can I find grants to start a business? Are there any government small businesses grants available? How do I apply for grants for starting a business?

Where can I find small businesses grants? The first place to start looking for money for your small business is the Small Business Administration (SBA). The SBA is an agency mandated by the government to assist in the startup and growth of small businesses. Every year small business grant money is set aside to help technology companies develop and market their product. The program is called Small Business Innovation Research (SBIR). The government also publishes the Catalog of Federal Domestic assistance (CDFA), which is also published online. It is a searchable database of government assistance programs.

How do I apply for grants for starting business?

To apply for a grant, you must go directly to the agency that sponsors the grant program. SBA is responsible for the Small Business Innovation Research Program (SBIR) and the Small Business Technology Transfer Program (STTR). Other grant programs are sponsored by different government agencies.

What other agencies provide grants?

The U.S. Department of Agriculture (USDA) provides housing grants for rural housing and farming. The Department of Housing and Urban Development (HUD) provides housing grants to state and local governments, who in turn can provide low interest loans and grants for home buyers.

What is the difference between a loan and a grant?

Loans come in the form of borrowed money that must be re-paid. Grants do not have to be repaid. Small business loans are more easily obtained because they can be offered by private lending institutions. Grants, on the other hand, are usually obtained through government agencies and non-profit organizations.

Most of the information you need to apply for grants for starting a business can be found on the web for free. There is usually no need to pay for expensive grant seminars.

You are encouraged to apply for any government assistance program that you may qualify for. Your tax dollars pay for it.