| Irish Taylor |
Irish Taylor is a business loan consultant with Startup Business Loans and has been providing consumers and business owners with startup
business financing since 1992. For years she has helped people with
credit and loan problems especially pertaining to business start up, SBA loans and Unsecured loans. Copyright 2008. |
| Irish Taylor
has written 1 articles for SB Informer. |
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How To Win Small Business GrantsSBA Loans Irish Taylor
April 09, 2008
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A government grant is an option to obtain start up financing for a
business. However, not everyone is qualified to get a business grant.
Usually, grants are given only for specific groups or specific
industries of business. In addition, government grants make use of
specific guidelines before providing business funds.
If you are
in need of financial help for your business, then perhaps you can
consider a government grant as one of your options. However, keep in
mind that there are some conditions you have to meet in order to
qualify for a grant. Also, applying for a government grant can be a
lengthy process so if you need the money immediately, perhaps it would
be better to try other business financing resources. Nevertheless, if
you can afford to wait, you have to be willing to go through the whole
process of applying for a grant..
Where can you find small
business grants? One place to start your search is through the Catalog
of Federal Domestic Assistance (CFDA). Here you can find a list of
grants from different government agencies at no charge. Remember that
grants may come in different packages such as for business development,
for rural businesses, equipment lease financing and others. Find a
business grant program that is best suited for your type of business.
Once
you’ve found the right grant program for your business, be prepared to
go through the procedures that required for you to get an approval.
Let’s talk about some points you must remember to help you win that
small business grant you’re aiming for.
Prepare a good business
plan. To convince the grant officer that you deserve to be granted
funding assistance, you have to be able to present a good business
plan. What makes a good business plan? It needs to show the history of
the business, the nature of the business, the efforts that has already
been done to establish the business, the goals of the business and
other important details that are relevant to the business. Don’t forget
to show how the business can benefit from additional funding and how it
can support that specific government agency providing the grant program.
Pay
careful attention to the information you provide. When filling up your
grant application, see to it that you’ll be providing correct and
accurate answers. Take the time to review the application several times
before submitting it to ensure that you’re not missing anything or
provided any wrong detail.
Seek professional assistance. It is
recommended to ask assistance from a financial consultant or a
certified accountant with regards to the processes involved in
obtaining a grant program. Submitting documents that have been
certified by a professional will certainly add credibility to your
application.
Be visible. As we’ve said, getting a grant approval
can take some time. While waiting for an approval, let your grant
officer know that you are deeply interested in winning his approval by
keeping in touch in a professional way.
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