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Avail the benefit of getting small business grant loans
The United State federal government gives away close to $ 200 billions in grants freely to small businesses and other entities for various purposes like research, retired executives and start ups apart from small businesses. These grants are available up on fulfilling certain eligibility criteria to all socio-economic sectors and for free. This means you will never have to repay this money like you do with a loan.
So what are the different kinds of government grants available?
There are various types of grants programs by the federal government and here is a partial list focused on government small business grant loans.
- Grant program for rural businesses such as 10.854 Rural Economic Development Loans and Grants and 10.080 Milk Income Loss Contract Program. These types of grants are essentially for small businesses that are looking for a start up assistance or those small businesses to set right their financial positions. Former is a grant loan for small businesses at no interest with the grant portion being $200,000 out of a loan of $450,000. The maximum term is 10 years. This is available for incubation projects, start ups and even for feasibility studies. Objective of this is to create employment and business opportunity. The latter 10.080 grant provides form security and rural business investment limited to dairies. This is available to commercially operative dairies in the US. Numerous grants similar to these are available.
- Women have the highest chance to get the best of government grants generosity. About 500,000 new businesses are started by women every year and $10 billion has been given in
grants for these start ups. These are for just about any viable reason such as starting a day care center, tutorial, any home based business, disabled women wanting to start a small business and for existing businesses to expand or restructure. Some of them are for loss of business from unexpected imports etc.
- Direct payment for specified use - this is to motivate individuals and private enterprises to do an activity. This grant is given directly to the person or the firm that is responsible to carry out the stated business activity.
Continue to : Government Small Business Grants Loans
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