There are few business grants for women and minorities for starting a business. But the government offers numerous advisory and consulting services for women and minorities to hone there business and financing plans.
Each business can experience its own hardship, and for those situations, there are grants available for veteran-, minority- and women-owned businesses that might otherwise fail in the start-up or that need help sustaining or expanding the business. The U.S. Small Business Administration also provides tips on starting a business, financing a business and applying for grants. As with any program, grants for minorities and women focus on a niche idea or industry, so find a federal program or local non-profit that shares similar interests with your business.
The federal government isn’t the only institution that gives to small businesses. Local and state non-profits often have funding and resource programs available for start-up companies, as well as discount programs or partnership deals. These partnerships trade resources rather than money since a small business is likely to be more financially insecure. For example, a family-owned electronics business may provide computers for a small community council. The council uses the much-needed technology while promoting the family’s business in its network and giving the family business free services or large discounts. This way, both companies see a benefit in the partnership without spending money needed for other areas of the businesses.
Grants for minorities
Many programs are available to help start or expand minority-owned businesses. A majority of the programs offer consultation, conferences and resources for a small business to become successful. Some programs also offer technology, funding and grants for minorities in specialized areas, such as businesses in underdeveloped communities or minority-owned businesses that support a community.
- The Idea Cafe offers a grant for anyone who has owned a small business for at least six months.
- The SBA promotes economic development through the HUBZone Empowerment Contracting program.
- The SBA’s Office of Native American Affairs is dedicated to finding resources and tools to help minority-owned businesses succeed.
Women-owned business grant opportunities
Opportunities for women-owned businesses include start-up and expansion grants and resources. There are many programs for women who are seeking further educational opportunities, as well as women-owned businesses that give back to the community or focus on the family.
- The Huggies MomInspired Grant Program provides grant funding to women who have innovative start-up ideas or who want to expand on business ideas that will benefit families.
- Women In Defense offers resources and scholarships to working women who are attending school to advance in the defense field.
- The SBA offers loans, educational resources and federal contracting programs to women-owned businesses. It also includes tips for writing proposals and grant applications.
Grants for businesses owned by veterans
Veterans who decide to operate their own business are continuing their service to their country. And to thank these veterans, and encourage them to succeed, local, state and federal programs are available for veteran-owned businesses.
- BusinessUSA offers a listing of state and federal loans, grants and venture capital opportunities.
- The Office of Veterans Business Development is dedicated to finding and applying programs that benefit veteran-owned businesses.
- A variety of loans and assistance programs can be found at SBA.
Many grant programs do not have restrictions prohibiting women-, veteran-, and minority-owned businesses from applying, so research any grant that fits the niche of your business for funding opportunities. It is important to find a variety of funding opportunities because while resources are available, it is not necessary that your company receive specific grants for minorities.
As the economy of the United States has been hit hard by the financial crisis, there has been an increment in the unemployment rate and a decrement of the earning of many employees. If you have already taken out few loans, then it will be quite difficult for you to manage your dollars and stay current with your loan payments. Thus, you have to sacrifice your expensive dreams and have to curb your expense so as to set aside more money to get rid of your debts faster. Your staple diets can be expensive but if you follow certain tips, then you can lower the cost of your grocery bills and set aside the amount to repay your personal loans that can bring your easy finance on track.
- Shop frequently:
Get into the habit of shopping frequently almost once or twice a week. As the price of the grocery items keeps on fluctuating frequently, you have a higher chance of getting your food products at a lower rate. This way you’ll get the opportunity to have fresh fruits and vegetables and also save your money to pay down your debts faster.
- Purchase foods in bulk packs:
If you have not enough time to shop frequently, then you can buy them in bulk. This will be quite cheaper. When you’ll look at the store price label, you must note the unit price and shouldn’t consider the price of the whole item. For example, a two pack of chicken breast will cost less than $10 but a family size pack of 12 breasts may cost you $25 which is much cheaper than the unit price.
- Collect coupons:
Make use of your internet and search through the sites where you can get coupons. Collect as many coupons as you can which will help you get discounts on your grocery bills. This will save you huge dollars and you can use it to repay your debts.
Thus, if you concentrate on the above mentioned tips, then you’ll surely be able to set aside some part of your earning. You can even look for some online earning options so as to increase the flow of cash and utilize the funds to pay down your debts soon. The more you’ll sacrifice at this moment the faster you can get out of the stress and ensure a secured future. To know more about how to manage your finance you can click on http://www.easyfinance.com.
The National Institute of Business Grants (NIBG) Addresses 5 Common Misconceptions About Business Grants
Columbus, OH (PRWEB) November 26, 2008
Business grants have been accessible to business owners in the United States for decades. Annually, hundreds of millions of dollars in grant money are disbursed to individuals to help them start or expand an existing business.
Despite this, every year several myths and misconceptions resurface discouraging entrepreneurs from taking advantage of such opportunities.
Here are the top 5 misconceptions and why they should be completely ignored:
1) Business Grants Aren’t Real:
Of course, they’re real. This can easily be verified by going to http://www.Grants.gov – a government sponsored web site that reveals all the federally funded grant opportunities available. Even more, one can check with their local (state, county and city) officials to find out about their grant opportunities. Business grants are very real.
2) Business Grants Are Only Given To People With Business Degrees:
This couldn’t be further from the truth. Very few grant opportunities require that a person have a business degree. In fact, many of them don’t even require that you have business experience.
3) Business Grants Aren’t Given To Minorities:
Wrong again. There are tons of grants that are designed for minority-owned businesses. Even more, women are considered minorities too – and there are plenty of grants for women.
4) Business Grants Are Too Hard To Get:
Obtaining a business grant does require some work, and definitely some patience. It can involve a lengthy application, some tedious modifications to a business plan, and even some face-to-face meetings. However, many agree that its nothing close to rocket science.
5) Funding For Business Grants Has Been Drastically Reduced:
Reduced, yes. Drastically, no. What funding doesn’t get reduced in a bad economy? Despite this, there are still tons of opportunities available. So stop making excuses, and go get them.
The National Institute of Business Grants (http://www.Business-Grants.com) provides free tips, advice, and frequently asked questions pertaining to business grants.
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