Author: Michael

Small Business Grants – Is It Genuine?

Small Business Grants – Is It Genuine?

You may well have been intrigued by the allure of obtaining small business grants from the federal federal government to start or increase your operation. As wonderful as it may possibly sound to obtain a federal government grant that you don’t have to pay back again, such grants don’t really exist. You didn’t think tiny business financing was that straightforward, did you?

Even though the federal federal government does not offer grants for starting or growing little businesses, it does supply a myriad of companies to support entrepreneurs in pursuit of their desires. 1 of the mechanisms in location to market tiny business development and monetary advancement is the CDFI Fund managed by the US Department of the Treasury. In the existing fiscal yr the federal federal government is allocating far more than Million to assistance CDFIs.

CDFIs fall into 3 classes:

Group Advancement Mortgage Money
Group Development Credit score Unions
Group Improvement Financial institutions – Including Thrifts and Holding Businesses
Neighborhood Growth Undertaking Funds Resources

The genesis of the CDFI Fund was the Riegle Local community Advancement and Regulatory Improvement Act of 1994. The cause for the fund’s existence is to foster fiscal revitalization and community improvement.

All participants in the CDFI plan go via a certification procedure performed by the Treasury Department. The certification enables CDFIs access to a selection of packages provided by the Fund. These programs supply financial and technical support to CDFIs through the CDFI Plan, the Native American CDFI Help Program, the New Markets Tax Credit rating Method and the Financial institution Enterprise Award Method.

Small business owners really should shell out certain consideration to the offerings offered by the Compact disc Mortgage lenders, New cd Personal loan Resources and Compact disk Undertaking Money Funds.

Compact disc Mortgage lenders provide a broad assortment of financial and consulting services to individuals and businesses living and operating in underserved or economically disadvantaged places.

New cd Bank loan Money are set to to offer improvement and financing companies to businesses, organizations and individuals in minimal-income rural and urban places. They serve a assortment of group sorts including microenterprises, little businesses, and housing and group solutions organizations.

New cd Enterprise Capital Resources are an excellent source of equity or near-equity financing for tiny businesses in underserved neighborhoods. Many of these money supply business consulting companies in conjunction with financial solutions.

Even though Neighborhood Improvement Banks are for-revenue institutions with considerable neighborhood representation on their boards of directors, Group Improvement Loan Money are generally nonprofit entities. Neighborhood Improvement Undertaking Cash Funds can both be for income or not-for-income institutions.

CDFIs supply companies around the nation to underserved and low-income populations. There are also a subset to these entities that concentrate on locations of intense financial distress, including the Mississippi Delta, the Gulf Opportunity Zone, Native Communities, Colonias, and Appalachia.

If your tiny business operates in a area of that is underserved, has a substantial reduced-income population or in an region of extreme financial misery, you really should investigate how a CDFI can help you in growing your business.

Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a web site on Small Business Grants from Authorities Grants and yet another on Suggestions to Commence Your Own Business.

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Business Grants is undoubtedly an expert at <a rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link’]);” href=”topgrants.org”>Small Business Grants</a>.

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More Grant Funding For Women In 2009

Columbus, OH (PRWEB) September 9, 2008

Grant-making organizations are gearing up to allocate more funding to women in the year 2009. Grants are often used by women to start or expand a business, attend college, pay off loans, and/or launch a non-profit organization to help other women.

Big organizations, such as the American Association of University Women (www.aauw.org), are already making their 2009 applications available for interested ones to apply for fellowships, career development grants, and community action grants.

Others include the Association For Women In Mathematics (www.awm-math.org) – who are giving away thousands in travel grants for women to do research; the Moms In Business Network (www.mibn.org) – who are giving away grants for women to start businesses; and WebMomz (www.webmomz.com), who also are giving away business grants.

Even the Verizon Foundation (foundation.verizon.com) is looking to donate more grant money to women who are victims of domestic violence.

However it’s allocated, the millions of dollars in grant money available each year for women are investments in the talent, creativity, intellect and determination shown by them in various industries and fields of study. Women are huge contributors to the economy, the workforce, entrepreneurship, and to the development and management of non-profit organizations.

Such grants empower women in many different ways, and have proven to be extremely successful. As a result, every year, more and more opportunities appear for women from new organizations, government agencies, and corporations wanting to get involved.

For more information about grant opportunities available to women, visit: http://www.GrantsForWomen.org

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Related Business Grants For Women Press Releases

2010 Guide to Federal Grants and Government Assistance to Organizations, Small Business, and Individuals – Grants, Loans, Aid, Applications, ARRA Stimulus Act (Two CD-ROM Set) Reviews

2010 Guide to Federal Grants and Government Assistance to Organizations, Small Business, and Individuals – Grants, Loans, Aid, Applications, ARRA Stimulus Act (Two CD-ROM Set)

Newly revised and expanded for 2010 with updated material not found in earlier editions – including complete coverage of the stimulus package (ARRA) – our unique electronic book on two CD-ROMs has an amazing collection of the finest federal documents and resources on government grants, loans, and assistance programs for individuals, non-profit groups, businesses, students – everyone! It is more relevant than ever! New for 2010: a comprehensive and up-to-date CFDA Program list spreadsheet, with o
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Small Business Grants for Women

Small Business Grants for Women

The United States business sector sees nearly 750,000 new business startups each year. Each year, around half of these startups are women-owned businesses.

How to Get a Grant for Small Business

Although you may have heard otherwise, the federal government does NOT hand out grants to business owners and individuals. Grant money for small businesses comes directly from private groups and non-profits. The US federal government does have LOAN programs, however, that are crafted to meet the unique needs of certain business categories. Business startup loans can be located with the help of the Small Business Administration.

Women can directly benefit from grant money that the federal government sets aside to spend in states and local communities. The grants are project-based, such as capital improvements to public facilities or specialized workforce training.

So, to really get the low down about business grants for women, let’s go straight to the source, Business.gov. This is what small business grant seekers need to know:

“Federal and state government agencies do not provide grants to women to help them start a business. Grants may be available from non-profits and private organizations, however, these are very rare and usually focus on helping minority women and women in economically disadvantaged communities.”

As an alternative, women seeking grants for starting a small business might find federal loan programs to be appealing as well. The Small Business Administration maintains many unique and flexible loan programs. The SBA even has some loan programs targeted directly to women business owners. So if you cannot find small business grant programs for women you can surely find attractive loan programs.

If your company has a product or a service that would be needed in a state or local grant-funded project, your business can bid on contract opportunities. Even though you do not directly receive the grant money from the federal government, your company could directly benefit from the grant proceeds if you become a contractor or sub-contractor.

Don’t forget that specialized grants and loan programs for veterans, minorities and disabled women might provide another source for obtaining grants or loans for a small business venture.

 

 

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Cathy Yeatts is a blogger and women’s grant expert. Get up-to-date women’s grants information at her blog, WomensGrantsource.com.

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How to Write a Grant Proposal that Works – Part 1

For many organizations, grants can be an essential source of capital and funding. However, there are only a limited number of government agencies and foundations offering grant assistance so competition for funding can be fierce. So, it is essential that any grant proposal should contain all the necessary information and be presented in the right manner for it to be successful. In this two-part article I look at the elements that make a successful grant proposal. Most funders will provide their own application forms and instructions for any grants that they make available. So the first thing you should do is to request the proper forms. In some cases they may accept a generic application form but it won’t increase your chances of success. Be sure to read all instructions before you begin preparing your application. If you have doubts about anything or any questions you should contact the funder for advice.
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