Category: Minority Business Grants

The National Institute of Business Grants (NIBG) Addresses 5 Common Misconceptions About Business Grants

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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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.

 

 

Minority Grants

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

Article from articlesbase.com

Find More Minority Business Grants Articles

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.

 

 

Minority Grants

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

Article from articlesbase.com

Find More Minority Business Grants Articles

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 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 (www.Business-Grants.com) provides free tips, advice, and frequently asked questions pertaining to business grants.

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Minority Grants