There are millions and millions of U.S dollars available for individuals who desire to start a small business of their own. Government programs as well as private entities make these monies available in the form of grants.
Many grants made available for small businesses are created as somewhat of a motivational tool. The idea is to create a sense of desire for entrepreneurs to move forward and start a business of their own. It is also an effective tool used to encourage expansion of existing small businesses. There are several sources available to help you to determine if you or your small business qualifies for a grant.
The greatest benefit of the grants for small businesses is that there is no requirement to pay them back. This presents an inspiring sense of direction for any start-up business or small business in need of expansion. The opportunity to build or grow their business with free money is a positive influence from any point of view.
There is a sense of hope from the government that the growth and production of small businesses will give the economy the nourishment it needs. Annual government downsizings and cutbacks that are experienced still manage to have economic growth as the force point of the curve. There is a great deal of money available in the grants that are awarded by the government and qualifying for those grants is all that needs to be done.
There are a few qualifying factors that could put you in line for a small business grants. Minorities can qualify for grants because of the fact that they are a part of a minority. There are a few age appropriate grants that target people in a certain age group. One of those age criteria is geared towards seniors over the age of 60 or 65 who want to start their own business. You may be surprised to learn how many grants are available for people with bad credit ratings!
This is only a portion of the circumstances of which grant funding targets. The first step in qualifying is of course in locating these grants. Find out which ones apply to your specific situation and unique condition. Search the state and local level to begin your application process.