Government Funding Business
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Bradley Said:
how to get government funding for new starting business in sweden?We Answered:
you will have to ask the Swedish governmentEarl Said:
Government Funding Businesses?We Answered:
For one, the government doesn't actually "make" money, aside from printing it. The real underlying value comes from economic growth, which includes these examples:- People using work hours to manufacture goods and provide services;
- Banks lending to other banks in speculation (as long as they are within the reserve requirements set by the Federal Reserve);
- Banks lending to consumers, who put that money to use;
- Harvesting natural resources into a consumable form.
The government only has money that comes from taxes levied on all these activities.
The only wealth that government actually creates is providing certainty and stability to private transactions. This can be in the form of creating effective rules and laws, or granting rights like patents, copyrights and trademarks. It may also remove rules and laws, enabling businesses to take advantage of opportunities that were previously barred.
Glen Said:
I am 17 and want to start a business, what funding can I get?We Answered:
If you're in the UK try The Princes Trust.Sarah Said:
Canadian Government Small Business Grants - How To?We Answered:
Start by reading Canada government's "The Truth About Grants" http://entreprisescanada.ca/servlet/Cont… to give you an idea of how HARD it is to get a grant for starting a businessContact your government agency, and avoid all the promises by the scam artists
Elaine Said:
Where can I go to receive government and private funding/grants for a new business?We Answered:
There are essentially only 4 sources for grants. A little known fact it that you do NOT have to be a non-profit to get a grant, regardless of what others tell you ... I've helped for-profits apply for grants.Federal grants are called Small Business Innovation Research grants. These are given primarily for some new innovation. You can find out what's available at:
http://www.sbirworld.com
There is also info on this site about how to apply.
Some cities offer grants to small businesses if they will locate in the downtown area, for the purposes of building up downtown traffic. Check with City Hall.
There are some governemnt grants for minority businesses. You can find info at:
http://www.mbda.gov
Finally, private foundations offer grants. You can get a list of most US Foundations and private grant sources at http://www.foundations.org/grantmakers.h…
Jon Said:
How procure a government loan or funding for my new small business?We Answered:
You can read the SBA Financing page if you can qualify for an SBA loan http://www.sba.gov/services/financialass… -- note that they want collateral, balance sheets from the last three fiscal year-ends, income statements revealing your business profits or losses for the last three years, among others. It is very hard for a startup to get a loan from SBAIt 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 starting a for-profit business.
One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs http://www.sba.gov/aboutsba/sbaprograms/… , which fund the research and development of technological innovation that meets specific government needs.
Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups -- minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include
Iowa Women's Foundation http://www.iawf.org/
New Mexico Women's Foundation http://www.nmwf.org/guidelines.html
Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/mostrequesteditems/CO…
"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."
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.
Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.
http://12.46.245.173/pls/portal30/CATALO…
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
Gregory Said:
How can I get government funding to start my small business?We Answered:
No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.