Localfund.com - All about Fund and Investment
*Home>>>Business financing

I need help to find somebody,foundation who can help me financing my business and no need to repay (grants)?


I need help to find somebody,foundation who can help me financing my business and no need to repay (grants)?

It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business.

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.

Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html

"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."

Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

For private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.

Yes! Free Government grants are available. I used google to find what i was looking for.

Go to Google and type into the Search bar, "Grants"...and you'll find a GA-zillion of them

Tags
  Debt Financing   Capital Investment   Business Investment   Business financing   Business Invest   Business Debt   Bond Investment   Angel Funds
Related information
  • I need financing for my business?

    The standard approach is to develop a BUSINESS PLAN to show how the investment of additional funds can be used to improve the business, and most importantly get funds back to pay back the investors...

  • Trying to find financing for my business?

    First of all beware of scams offering you bank loans. If you have any equipment that you don't need have you considered selling it through a service like Ebay or your local classifieds. This...

  • Need help getting financing for a business?

    A business line of credit is an approved amount of money that you can draw against. For example if you have a $100,000 line of credit the bank keeps that 100k in an account that you draw from. It ...

  • Have a business idea no credit how do i get financing?

    go to the BBB and beg... sometimes it works .. sometimes not... better hurry up though.. if the dems get in office.. they will cut that budget all to hell they dont want people to succeed

    ...
  • What is the best way system to start a financing loan business?

    What country?

    ...
  • What is the best way to secure financing for a small business?

    I started my first business with a bank loan. When I paid it back early, they were my best friends and offered an even bigger loan (that I didn't need). My second business was started from m...

  • How can I secure financing for a business startup?

    Depending on the business and how much you need, you can always look to family and friends, banks are a good source with a good business plan. And then you may also look into a SBA loan. Good Luck....

  • Im thinking about financing a small business....?

    Hope you have money to lose. Most small businesses go under! But, if you still want to loan money to a small business, I would think you would want to see some sort of business plan. Most busine...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster