Business Grants and Loans

Executive summary by David Gass

Business Grants

One of the best places to research the availability of business grants and loans is the Small Business Administration, an agency of the federal government with a mandate to help business, especially small business succeed. The Small Business Administration which has local offices in all major metropolitan areas has three different loan programs, each one designed to help various segments of the business market get access to business grants and loans.

The most popular form of business grants and loans made available through the Small Business Administration are called 7 (a) loans. These business loans are so named after the section in the Small Business Act that offers the provision of these loans. In order to be eligible for this type of business loan a business must have good character, quality management capabilities, and a good business plan.

Applications for business loans and grants from the Small Business Administration are available on their website, from banks and other approved lenders, and from local Small Business Administration offices across the country.

For a full listing of these business grants and loans visit the local office of the Small Business Administration or contact the office of business development at your nearest city hall.

Grants For Business Development

Executive summary by Robert Wilkerson

Billions of dollars are given out each year in grants for new and existing businesses. This represents over 1 million business owners. Grants are available from three main sources – federal programs, state programs and private foundations.

Grants do not have to be repaid. Loans with high interest rates can smother any profits a new business might generate. With accurate information and a proper strategy, grants are within reach of most business owners.

To successfully obtain a grant, you need:

1. A listing of applicable grant programs from the federal government, state governments and private foundations.

2. The appropriate forms for each grant application.

3. A proven strategy for getting your grant application approved.

There is definitely a lot of work involved in applying for and getting grants for business development, but as grant money does not have to be repaid, the return on your investment of time is potentially huge.

Please check out Guides How To Get Business Grants here.You may want to check out Small Grants or Education Grants information here.

Recommended Government Grants Directory

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