Home Add to Favorite Contact Submit  
             28 September, 2023

Category:  Articles » Business » Small-Business


Free Money for Businesses

         Views: 1953
2007-09-12 17:39:45     
Article by Dee Power

Is there really such a thing as free money for a business? Does the government provide grants to start a business or pay off debts? Well certain individuals who dress up in gaudy suits covered with question marks, you know who I'm talking about, would certainly have you believe it's true. But it's not.

The Small Business Administration, SBA, does not provide free money for businesses. They do however provide money for loans and that's the catch. When clown guy says a certain high profile business was funded by the government, it means the company got an SBA loan, not a grant. According the the SBA there are no grants for commercial purposes. There is no such thing as free money for a business.

SBIR, or Small Business Innovation Research Grants, are awarded by the federal government for research and development in the private sector by independent companies who are not dominant in their industry. The person applying for the grant must work full time in the company receiving the grant. There are two phases. Phase I and Phase II, only those companies who have already received a Phase I grant are eligible for Phase II grants. Grant amounts range from $50,000 to $500,000 and are competitive. Very competitive.

There are also grants awarded by private foundations to nonprofit organizations. Most businesses are for profit, or at least trying to make a profit.

Can you find grants in the private sector that are awarded to businesses? Yes, but these are usually either very local, or very specific in how the money will be used, in what industry, and where. If you're looking for a grant, try your local chamber of commerce, Small Business Development Center, SCORE office, or state development office. Just keep in mind the odds are a long shot.

There really isn't such a thing as free money for businesses.

Do you need a small business loan, credit card, or grant? Want to know about other ways to finance your business? Find out more at 58 Ways to Find Money for Your Business

About The Authors
Dee Power has co-authored several nonfiction books including Business Plan Basics," Inside Secrets to Venture Capital" and "Attracting Capital From Angels," Reach them through The Capital Connection

Specialized in: Small Business Loans - Grants For Businesses - Business Plans - Internet Marketing - Starting A Business - Venture Capital - Business Plan Review - Home Based Businesses - Angel Investors - Find Money - Accredited Investor - Venture - Capital - Angel Networks - Entrepreneur
URL: http://www.capital-connection.com
Print article      Bookmark this page
Related Articles 
Effect Of PH Value Of Ammonia On Settling Property of Magnesium Hydroxide (Popularity: ): When the pH value of ammonia water is small, the reaction supersaturation is small, so the magnesium hydroxide obtained has a large particle size and a short settling time. When the pH value of ammonia is high, the reaction supersaturation is high and the settling time of magnesium hydroxide is long.Under a certain temperature, the supersaturation ratio has the greatest influence on the nucleation rate. Therefore, it is necessary to ...
An Ultimate Guide How To Use Carbon Fiber Sheet For Different Uses (Popularity: ): The use of the carbon fiber is very common for the composite. It is considered as the one of the best competitive and traditional materials like wood, metal, and concrete that has been used for a decade. Many people are using carbon fibers composites which are very easy to install and operate. The use of the carbon fiber Sheet for different cars is in demand. For any luxury or imported ...
Save on time and space with the new corrugated separators (Popularity: ): Maintaining our houses and work places due to the load of paperwork’s and things all around becomes really very difficult. Now with the introduction of corrugated separators things are manageable as all the paper works can be systematically arranged and kept and easily taken out at will from these separators.Punta Gorda a beautiful city situated in Florida United states is one of the biggest markets of corrugated partitions Punta Gorda. ...
What You Need to Know About Voice Coil Actuators (Popularity: ): A voice coil actuator is a magnetic device and type of linear actuator; designed to push and pull an object in a linear motion. The term voice coil comes from one of the earliest applications of the actuator; where it was used to vibrate the cone of a loudspeaker. The popularity of this application resulted in the term voice coil actuator.A voice coil exerts a certain amount of force, which ...
Efficient Water Pumps Systems Help Maximize Use of Critical Resource (Popularity: ): Being an essential resource, water must be used properly so not a drop of this precious element goes to waste. But nowadays, with population continuing to grow at a steady pace and demand for the resource growing, you might notice that drawing water from the ground gets a little bit harder day by day. Water pumps make drawing water from the ground easier, more efficient and faster. Pumping water is ...

Related Business 
Free Poker Money (Popularity: ): Learn to play poker online for free by getting your no deposit bonuses , no credit cards , no strings attached , absolutely real money for free. If up to us you will never have to deposit your own money! Simply pass the quiz and receive your starting capital!
Free Poker Games (Popularity: ): Free poker games and free money. As a new poker player you can get free money for the most popular poker rooms, no deposit required. Play texas holdem online for free, or any other poker game you like.
Make Money Blogging (Popularity: ): Make Money Blogging! Are you looking to turn your blogging addition into a money maker? Check out how you can make money blogging here. At Bucks2Blog we represent hundreds of businesses who want exposure in blogs and through social media. We help them reach new audiences and get new insights.
Do You Know How to Make Money Online (Popularity: ): How to make money online for free is one of the most common question nowadays. There are a variety of ways to make money online. Learn an easy way to how to make money fast. We'll show you how to make money online with no money at all.
Money Till Payday (Popularity: ): Need money till payday due to severe financial problems? You might need quick and hassle free money before payday. We at poundstillpaydayloans.org.uk are one of the pound loans arrangers serving people with friendly money arranging instantly. Now, you can borrow money till payday loan just by sitting at the comforts of your home.
The Web Money World (Popularity: ): A website with honest and useful information about how to make money on the Internet. You will discover the various legit ways of making money online as well as free guide that will explain to you on how to begin.
Money Transfer System (Popularity: ): RemitONE are a leading provider of complete web-based, end-to-end, multi-currency and multi-region money transfer software systems for banks and money service businesses. Our solutions empower your customers to flexibly send money via POS Agents, Online Remittance, Prepaid Cards or Mobile Phones.
Hard Money Rater (Popularity: ): HardMoneyRater.com is your one-stop online directory for finding the best hard money lenders in the country today. Hard money is commonly used to describe non-bank or non-conventional financing. Commercial real estate and other businesses or individuals not qualified for conventional financing often seek hard money loans to help them overcome traditional financing obstacles.
Online Money Transfer Ways To India (Popularity: ): Free information resource about remit exchange rates, online money transfer to india from usa, uk, Canada, gulf and Australia. Money To India, aims to be a simple guide for NRIs and their families in India to comprehend the process of money remittance to India. It is a platform for evaluation of various ways to send money to India, and use the most convenient and economical mode for money transfer to ...
Free and Paid Affiliate Programs (Popularity: ): Here you will find sites I use to earn money online from my home. There you find free and paid Affiliate programs. There are free to join programs, some programs you can join for Free, after that you have to invest some money to have real success, with some free affiliate programs you can earn money without spending a dime. The best is you work from home.