Government Grants: Free Small Business Federal Lists

Small Government grants Free

Are you planning to start your own business? If you are then the first thing that you need is Capital. Whenever you think of capital the first thing that comes to your mind must be loans from banks or other financial institutions. But have you ever considered the idea of getting a grant from the government. A grant is basically a subsidy given by the government for various reasons; one of them is starting up a small scale business. The minimum requirements for getting a grant in U.S. is, 18 years or more in age and you should be a permanent and legal citizen of the state.

From time to time these grant programs are announced by the government which can really help young entrepreneurs like you. There are over 24,000 State Government grants programs and about 1,500 Federal Government grants which are administered by 57 different Federal Agencies. You can use these grants for setting up your small business and also use them at the time of expansion. There are no guidelines for the usage of these grants but there are some criteria which you need to qualify.

The first and foremost thing which you need to have in order to apply for a grant from the government is a sound business plan. It should be planned out in such a manner that you will be able to convince them about the future prospects of your business. The main thing which these grant agencies is see in your application is how practical is your planning. They will also give importance whether the grant amount that you have asked for is justifiable with the plan that you have produced to them.

You need to make some detailed research before you apply for any of these grants. It is very important that you know about the grants in details before applying for any one them. You have to plan your application in way that it matches with the policies and criteria’s of the granting committee. In most of the cases there are thousands of applications that are received, but what really makes the difference is your presentation. The amount of these Federal and State government grants varies from 0 to ,000 depending upon the granting authority.

One of the most interesting facts about grants is that there is nothing which can stop you from getting one. By this I mean that in case of grants you do not have to go through a credit check. Your grant will not be halted even if you have a poor or bad credit history in the past. These are also non refundable and interest free money from the part of the government.

I think after reading all this you must be convinced about the fact that grants are far better than bank loans. If you are still not convinced then go right now and check the different websites which gives information about government grants. Though this article has enough content but still as I said earlier that it is very much necessary for you to do a detailed research before actually applying for a grant.