The Federal Government has set aside funds for small business grants and loans. Even though the process for receiving a grant is a long complicated one, one has to fraught with competition and lots of bureaucratic hoops. Also a small business must fit in to definition to qualify. The government requires extensive business planning, reporting and compliance to specifically measure your growth before the loan is given.To get a grant in Florida for...more
The much awaited and the much needed American Recovery and Reinvestment Act, the Economic Stimulus Bill was signed by President Barak Obama on February 18, 2009.It created history in United States because it is the country's largest legislation in history and aimed at rejuvenating the ailing economy by providing stimulus to different sectors. Along with other provisions, this stimulus bill also contains provisions for small business sectors. ...more
Targeted grant programs are designed to assist Native Americans in establishing or expanding small business enterprises. In order to obtain this type of funding, an individual must be enrolled with a tribal nation. Enrollment means that the individual officially must be recognized as a member of a Native American tribe or the business must be certified as a targeted small business before applying for or receiving funds under this program. Generally, funds provided under this program will be in the form of low interest loans. However, if a business can show that a grant is necessary to leverage either SBA or conventional bank financing, a grant may be considered. Grant funds may be considered taxable income by the Internal Revenue Service and the Department of Revenue and Finance and therefore, a 1099 form may be issued.There are three major parts to the attached application such as personal information, personal financial information and business proposal. Each section must be filled out completely in order to be considered for funds. Applicants must submit six-month balance sheet and income statements and tax returns if business is in existing. No application will be funded...more
The Federal, state and local governments have a wide range of financing programs to help small businesses start and grow their operations. The programs include low-interest loans, venture capital, and scientific and economic development grants. The Federal Government offer grants to programs that fall under the following categories: Agriculture,...more
Due to competitions and strict guidelines and the time and energy spent, it becomes a Herculean task to get home based business grants. However, in reality millions of rupees are given out in home based and small business grants every year. In order to get the grants, the first step would be to develop a clear business plan. The aim of the...more
The most significant problem in starting up a new business is raising the capital. Especially in starting the photography business, initial capital is required to purchase the equipments, rental for the premises hired, utilities, advertising etc....more
Traditionally women own smaller type of businesses with the least amount of financial assistance from banks and venture capital firms. Hence their financial options are very limited and they need grants which are very difficult to get. Due to...more
While starting a small business, raising the start up capital is the top most priority. The business grants such as free grants are the best capital as these need not have to be paid back. The other types of grants are like loans which require...more
Due to the age-old prejudices faced by the minorities in our society, the minorities interested in starting new businesses face quite a lot of problems even in getting the approval for the business loans. In order to overcome these obstacles, they...more
A business telephone system that features robust voice over IP features is ideal to meet the specific telecommunication needs of small and medium sized businesses. This phone system is an ideal choice to stand ahead of the prevailing competition in...more
The State of Minnesota provides business grants to help the existing and aspiring small business women owners. Though it is not plentiful, grants provide significant resources for business start ups. The Minnesota Business Development Corporation...more