Federal grants for small businesses Owners

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No matter what you may have read on the internet or seen on TV, the truth about small business grants from the U.S. government is that there are none.

The federal government does not provide grants for:

  • Starting a business
  • Paying off business or personal debts
  • Covering business operating expenses
However, there are some very specialized federal and grants available to small businesses that -- like most government grants -- come with some catches. These grants are available only to businesses in specific fields or industries identified by the federal or state government as being especially important to the nation or state as a whole, such as medical or scientific research and environmental conservation.

Federal SBIR Program R&D Grants

Businesses involved in scientific research and development (R&D) may be eligible for federal grants under the Small Business Innovation Research (SBIR) program. SBIR grants can generally be used only to fund the R&D efforts of qualifying businesses to help them develop and market innovative technological products.

Just like most federal grants, SBIR grants are awarded on a "competitive basis, " with potentially hundreds of businesses competing for the same grants. As a result, the application process itself can involve sizeable expenditures of money and time.

State Government Grants

Similar to federal SBIR grants, state government agencies sometimes offer "discretionary incentive grants" to businesses that, in the agencies' opinion, help stimulate the state's or region's economy and advance beneficial causes such as alternative energy development. However - as the SBA points out - the stringent eligibility requirements for these state government grants often target larger employers and prevent many smaller businesses from successfully competing for them.

Finding the Grants

By far the fastest, easiest and most comprehensive method of finding small business grants, loans and other financing options offered by both the federal and state governments is to use the SBA Loans and Grants Search Tool.

Note that when using the SBA Loans and Grants Search Tool, it is not necessary to select a specific industry from the search criteria list. In fact, if you leave all of the selection criteria blank and simply select a state, the tool will show you all grants, loans and other financing opportunities available to all types of businesses in the specified state.

The Business Grants Bottom Line

In the words of the SBA, "if you are seeking 'free money' to launch or expand your business, forget about it." Not only are government business grants difficult and often expensive to apply for, the governments awarding them typically demand some return on their taxpayers' investment. Businesses getting these grants are strictly required to perform as promised by developing and selling new technology and benefiting the regional economy.

As the SBA recommends, most small businesses or potential small business owners with a good business plan, a viable market, a great product or service, and a passion to succeed, are far better off seeking small business loans than government grants.


Progressive Management 2011 America's Best Guide to Federal Grants and Government Assistance to Small Business, Non-Profits, and Individuals - Loans, Programs, Plus U.S. Government Manual
eBooks (Progressive Management)
2005-07-06 10:18:16 by jamesM

Small Business Grants, Does it Exist?

I been searching on google and gov websites about getting a small business grant. While plenty of website offer (for a small fee) a guide on how to get small business grants form the federal gov. The gov web sites I been looking all say the same thing which is the gov offer low intrest loans but not grants, except for non-profit companies. So I just want to ask is there such a thing a Small Business Grants? If yes where/who should I go ask about it.

2005-07-12 16:13:44 by trolls_troll

SBA has already talked to me

I started a business 2 years ago, dumbass punk.
SBA was more than willing to talk to me, and I qualify for several federal grants for small businesses.
looks like you don't know what you are talking about.
just shut up and fetch.
Oh, plan on starting another small business this year.
please shut the fuck up now, you are making all black people look like mean little idiots.
once again, you are too stupid and too brainwashed to read your own link. it hardly supports you.
fucking bozo the clown, the black version.
time to cut the mistrel show, BB.

2004-07-13 14:51:46 by Sparky123

Open ended grant requests do not work.

You need to focus on exactly what kind of service you want to provide and then find agencies in need of such services.
Grants are given to SBIR (Small Business Innovation & Research) if you have a real contact with a real government agency looking for the kind of thing you are capable of doing.
Otherwise you must play the role of a business seeking to do business with the government on a purchase order or contract basis.
To do this, you need to be a business (fictitious name Federal Tax Id, etc)You then find a Small Business Development Center in your city and ask them to help you log onto government databases where you will find all city, state and federal agencies asking for quotations on whatever they will be buying

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