Small business grants is a perfect path to get equity and debt free financing for your business. But, most importantly these grams are fairly targeted or competitive to particular kind of businesses. In order to help you get opportunity that will fit your small business, we have reviewed more than dozens grant programs and database. There we found best place to get small business grants. You can leverage your own assets, pitch an investor, or apply for loans and many more things. One more option is applying for a small business grant. The highest profit of using grant money to fund your small business is that it doesn’t have to be paid back; rather the challenge here is finding these grants. Usually, federal govt. don’t render grant for covering operational expenses, or covering, paying off debt or starting a business. Unless your business is a non-profit or launching a project in fields like education, medical research or science, govt. grants can be very hard to find. In addition, you must have knowledge that if you fit in these categories and find and win a grant, you’ll be restricted in how you use the funds in your business. This is because it requires you firing employees of making a particular purchase with your award. In this blog, you’ll find certain list of small business grants that are available and include database of govt. grants in case your business is a non-profit. In addition, there are non-govt. grants that combined with different funding source will help you avail business loan fast approval for your small business. 1. Catalog of Federal Domestic Assistance (CFDA) The Catalog of Federal Domestic Assistance is a govt. database that lists all of the federal programs available to individuals and organizations. You can find various grants that are not eligible for, but are good source to start your research. 2. Grants.gov This is the official site of the US govt. that include a tracking system, online applications and searchable database to see how your application is processing. You can use this website to search entire 26 federal grant making companies for grants by certain particular keywords or keywords. 3. Small Business Innovation Research (SBIR) Small Business Innovation Research is a federal program coordinated by the Small Business Administration that award grants and contract to start up business loans bad credit in Research and Development. The grant fund the Research & Development required to develop innovative technical products can be brought to market. 4. Your Local Government You can take some time and look at the local govt. site for your city, state of county and find different offering to grant or some financial assistance program for small businesses. This economic development directory is a good spot to get started. 5. Small Business-Specific Grant Opportunities The Amber Grant foundation began in 1998 to help women who want to start small business, online or home based. The grants are small and intend to use upgraded tools and equipment, pay for a site, and many more. Even it is small however the expenses can make the difference between forever stalled or getting started. 6. Business Owners's IdeaCafe Small Business Grant The business with most innovative idea will receive thousand dollar grant and an addition or five hundred dollar in advertising credits. 7. Intuit Love Our Local Business This grant competition has given more than $1.1 million to winning small businesses. Businesses are voted and nominated for by vendors, staffs and customers and the winner receive 25 thousands dollar in competition. Even if the award amount may vary and most opportunity need a significant effort to win, there are grant available for small businesses. This trick is doing your digging deep in order to find them. 8. State Business Incentives Database The council of state govt. maintain a database of business assistance programs available in each city, county or state. Here, you just have to choose the state where you business resides and you can then see a list of business loan interest rates, loan programs, grants, tax credits offered by local and state govt. 9. Corporate and Private Small Business Grants Many non-profit organizations, foundations and corporations offer private small business grant. Like govt. grants, these programs are typically focused and competitive on some kind of business like veteran-owned businesses, micro-businesses, women-owned businesses, etc. Since there is no single central database for private and corporate grant, you’ll have to research to find opportunity that will fit your business. 10. Small Business Technology Transfer Program (STTR) The Small Business Technology Transfer Program is an offshoot pf the SBIR program. Like the SBIR, it renders small business the opportunity to perform R&D that is funded by the federal govt. However, small business in STTR programs must formally collaborate with research institute. At present, there are 5 federal companies that have participated in the STTR program viz: National Science Foundation, NASA, Department of Health and Human Services, Department of Energy, and Department of Defense.
Finally, getting a small business loan is an option for your business. While you will have to pay back the loan with interest, many lenders will offer competitive term for qualified borrower. Also, the loan amounts are high than grant amounts, and you can borrow up to million of dollars or more.
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