The Deal With Small Business Grants

“Deal or no Deal?” – Catchphrase question asked by Howie Mandel to contestants on “Deal or no Deal”.

When the banker makes an offer on “Deal or no Deal,” it’s usually not one that benefits a contestant. But a small business grant is a deal that can benefit a business owner.

Unlike a business loan, that must be repaid, a grant is a gift. The translation is that it’s truly a gift, with no strings or future obligations attached. It doesn’t matter if a business already exists or is still in the planning stages, businesses are eligible to obtain such a grant under both scenarios.

Numerous government agencies, non-profits and other organizations can be found that are eager to award money to small businesses. Why? Because giving grant money not only helps a business with revenues but also improves the community they serve through increased buying which benefits the economy.

Many hours can be involved in trying to find government grants. Most state and provinces provide detailed information about applying on the Internet sites of their economic development offices. Someone searching for a business grant may also find what they are looking for on other organization Internet sites. But the key to success is finding an organization that specializes in such grants, as opposed to those for other business pursuits.

The outlook for obtaining a grant to start a small business is even better for women and other minorities because government bodies enjoy promoting business ownership by those groups. Obtaining this type of grant money may also be easier for someone wanting to open a business in an area that is economically deprived. Other groups for which a start-up money may be targeted toward include:

  • Individuals with disabilities
  • Native Americans
  • Veterans

A small business grant, like any other grant is awarded after applying and approval by the municipality or organization which awards the grant. But requesting government money isn’t about simply picking up a telephone and making the request.

The awarding of a government grant is followed by a small business owner submitting a detailed business plan. The plan should specifically identify how the money will be spent. A review of the request will most likely be looked on even more favorably if the business owner can identify how the small business will benefit the community in which it will be located.

A request for a grant money takes more than just writing a brief letter. The request should be detailed. Because applying for grants is also a talent, many companies and non-profits hire individuals to perform such tasks. Help in writing a government grant request can be found through a service for professionals who offer the service, along with employment classifieds in newspapers.

Beyond a doubt, “free” money from the government is a deal small business owners should not pass on. With no risks or obligations and a guarantee of helping a business, the only response when it comes to a small business grant is “Deal!”

West Virginia Small Business Grants

West Virginia business grant makes it very easy on the owners of small business from all the angles of life to succeed and to innovate. A person may be looking for the grants in West Virginia for various reasons like child care, agriculture, manufacturing, tourism, technology and environmental management. There are varieties of choices available for a person to run the business and also to get the required help. The sources for the financial support in West Virginia are more customary than the earlier situation and give millions of dollars every year to the business owners who are well deserved.

One of the very famous West Virginia business grants arrives from the federal government. But, in contrary, many of the federal sponsored grants are available to the other businesses apart from those not for profit enterprises. The Small Business Innovation Research – SBIR and the Small Business Technology Transfer – STTR grants yearly award $1 billion towards research and development resources and contracts to the small businesses for the development of new products and the services of technology based. These grants remain funding sent into the economy of West Virginia and permit the state to remain on the critical edge of novelty in the business. The website of SBIR contains all the details pertaining to procedure for applying.

Idea Cafe is an organization run privately. It motivates creativity and impel from its collection of applicants. The vision at Idea Cafe is that the entrepreneur of the small business takes care of the economy. To assist in developing every business of the winner, Idea Cafe gives $1000 as prize to many of the stirring owners of the business. There are no restrictions on the applicants regarding the status of the business as profit in Idea Cafe like any other grants sponsored by the government. There is no necessity that the applicant should be charitable enterprise to take advantage from the kindness of Idea Cafe. Idea Cafe has given out around 9 grants from 2001 and also has offered hundred of various other business grants in West Virginia. The website is available and any one can join freely in it and can get the listing of grant and also can apply for the grant.

If the business is meant for promoting the advertising projects that encourages the trade of tourism for West Virginia, while also rationalizing as an attraction, then this business will get qualified for the MAPP – Matching Advertising Partnership Program. The keyword for this is matching. It means that the entrepreneur has to demonstrate some of the competence at the private fund developing so as to get the awareness of the grant program. But, with the MAPP, one can possible get the reimbursement for the complete funds for the project. For applying, one should first give consideration to the quantity of money that is required for the project. The applications can be availed for the grant ranging from $5000 to $10000 and also for more amounts.

Small Business Grant Source:
Learn the application procedures, various funding sources for specific types of businesses and eligibility criteria for small business grants.

How Can You Get Small Business Grants For Women

In the past few years, the world economy has been tough on many people. During this time most people avoided to start new businesses. However, lack of employment has forced some people to start their own small business to help them make an income. Women have lucky because they can get small business grants for women to help them fund their new investments.

These grants are given to women who want to expand their businesses or start new ones. The federal government offers these grants but these grants are usually given to communities and not individuals. You have to contact your local small business administration to help you get the financial aid that you need for your business.

Grants are available because the government wants to encourage women to own businesses. They ensure that they thrive and make a good income. There are programs made by the local government to ensure that women get small business grants for women.

You can also find grants for small businesses owned by women from private organizations. However you must be careful when looking for private grants on the internet. You should not pay any money to get a grant. Other grants are not meant for all women and you have to make sure that you apply for one which can fund your kind of business.

Sometimes you may to adapt your business to certain specifications to get a grant. This is beneficial because grants are free and incomparable with loans which you have to repay with interest. Just make sure that you comply with conditions and orders given for you to get the money.

Small business grants for women are still the best way to help a woman move up to a higher business level. Do not hesitate to get one to keep your business growing.