Government Grants for Small Business Loans

Small Business loan application Form with pen, calculatorThe nation’s economic woes have made it tougher for small businesses to get loans and grants. The SBA’s (PDF) loan volume is edging up for fiscal 2013 over 2012, but it’s still down from 2011′s numbers. No statistical data is available for grants, but government budgets have been tight the past few years and many grant dollars are given by local and state governments.

Yet loans and grants can help save struggling businesses, providing much-needed cash flow to jump-start operations. One way to increase your odds of securing financial aid is to look for programs that target small businesses in your demographic or market segment.

Here are a few of the resources available to small businesses:

  1. Accion specializes in helping all types of business owners who have trouble securing traditional loans. Accion lends amounts ranging from $500 to $500, 000 and offers financial education, whether you’re just starting up, in transition, or looking to grow your company. It also provides assistance to those implementing green practices, running food and beverage operations, and more.
  2. Center for Community Self-Help brings four lenders together to help small businesses by providing financing and other resources. As of December 2011, the center has provided more than $6 billion in financing to nearly 75, 000 individuals and organizations through this collaborative effort. The center provides general and specialty small business loans, along with financing for non-profits, childcare centers, real estate projects, and other organizations that help strengthen communities. Unlike traditional lending institutions, the center is not-for-profit, believing that investing in small businesses and local organizations helps build better communities and provide opportunities to those who traditionally wouldn’t have had access to them.
  3. The Small Business Innovation Research program seeks entrepreneurs who are interested in getting involved in research and development. Various federal agencies set aside 2.5 percent of their R&D budgets to work with small businesses on encouraging innovation. The SBIR program awards up to $150, 000 for phase one, where the agency determines that the project has what it takes to succeed. If the project progresses to phase two, the federal government could grant as much as $1 million for up to two years. If the project is successful, your small business receives all of the profits.
  4. The Minority Business Development Agency provides loans to minority-owned small businesses. The federal agency has centers set up throughout the U.S. to advise business owners on what loans are available when banks prove to be a dead end. Each center is staffed with a specialist who works with minority business owners to help them succeed. The agency also works hard on advocacy and outreach to ensure that minority-owned businesses have the information and support they need to succeed.
  5. The SBA Microloan Program lends up to $50, 000 specifically targeted to purchases of furniture, inventory, or equipment. Prior to approval, you may be asked to participate in a training session hosted by the lender, designed to help you be successful as a small-business owner. This training can be anything from a one-on-one counseling session to a seminar or class, with length and content determined by the lender. The lender may help you learn how to set up a website, understand how the SBA can help you, or provide other forms of small business consulting.

2012-11-11 02:34:50 by DMmoney

US. GOV. Small Business Loans&Grants

Hi guys,
Before I share this information with you, I would like ask that if you are interested in the topic please ask questions or even better, share your own experience about trying to get your business funded. I'm truly interested to know if you've ever applied for such loan/grant,ever got funded and if you don't mind sharing - how much you've got.
Now for the info:
US. Government Grants & Loans:
New information on government releasing loans of up to $250,000 and grants up to 50,000$ for small businesses that need cash flow.
In order to get funded you'll need to know how to apply and the requirements your business needs to meet in order to get approved

2012-11-08 09:15:01 by DMmoney

For Business owners only - US. Loans & Grants

Hi guys,
This message is for business owners or business owners to be, so if you are looking for a get rich quick program please move on.
New information on government releasing loans of up to $250,000 and grants up to 50,000$ for small businesses that need cash flow.
However, in order to get funded you'll need to know the proper way to apply and the requirements your business needs to meet in order to get approved.
You can find easy to follow instructions if you go to freefundingandgrants.org. Alternatively, you can send an email to danbeker@gmail.com and write in the title field: Request free information loans & grants

2012-11-12 15:24:20 by DMmoney

Re-US. GOV. Small Business Loans&Grants

Hi guys,
We've got such a good thread last time I've posted this, so I'm posting it again for those who were not around.
Before I share this information with you, I would like ask the business owners here to share your own experience about trying to get your business funded. I'm truly interested to know if you've ever applied for a loan,ever got funded etc.
Now for the info:
US. Government Grants & Loans:
New information on government releasing loans of up to $250,000 and grants up to 50,000$ for small businesses that need cash flow.

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