Free Small Business Grants

Although not always easy to find, free small business grants can be the perfect solution to launching or expanding a new business venture. There are many people in the United States with promising ideas for innovative businesses that never get off the ground due to lack of financing. Personal bank loans and money from family members in most cases are either not enough or simply out of reach. The federal government recognizes the significant impact small privately owned companies have on both the state and local economies.  As part of its efforts to encourage individuals to become successful entrepreneurs, the government sets aside huge sums of money each year to promote these endeavors. Since these funds are not dispersed directly at the federal level but rather through state and local government agencies and nonprofit corporations, they are often difficult to find.

These grants are designed to provide programs that directly benefit members of our local communities and more often groups that are somehow disadvantaged. There are also numerous research and development grants to promote medical research, technological advancements and so on. Another vital area where funds for free grants for small business are set aside is for individuals that belong to minority groups wanting to start or expand a small business. The opportunities for government grants are many and cover a vast array of disciplines. Being able to narrow down your research to grant categories that best match the skills and expertise of your business will save countless hours. Time is a valuable commodity and there is no point in wading through pages and pages of free small business grants that your business will never be eligible for. The key in using you time wisely lies in knowing where to find grants that your company will have the greatest chance of submitting successful grant proposals to. It is also important and even recommended that you apply for as many grants as you qualify for, again increasing your chances of success.

Having a completed business plan will go a long way in helping to focus your search on precisely what your company has to offer. As virtually all grant proposals require that you include a business plan in your grant application package, it is one of the most important steps to complete. Of course writing a business plan can be an overwhelming and daunting task for many people. This step can be relatively easy to accomplish if one avails themselves of all the free professional advice that is readily available on the internet and often even within your own community.

Always remember to use caution when researching sites that offer free small business grants as there is no shortage of grants scams targeted at those looking for free government money. Following are a few tips to keep in mind as you conduct your research.

  • Never pay a fee to fill out a grant application form. No legitimate granting agencies will ever charge a fee to submit a grant application.
  • If you have not filled out an official grant application form you will not be eligible for any government grants. All government agencies have their own application forms with specific rules and helpful advice on how to fill them out.
  • No government or other granting agency will ever contact you directly with offers of free grant money.
  • No one can ever guarantee that your application will be successful. Each application is reviewed on its own merits and all applicants that have applied for a government grant can view the progress of their application online.

Most importantly, if an offer of free money from the government seems too good to be true, it most likely is. If you are uncertain about an offer you can contact your Better Business Bureau or if you suspect a scam you can report it to The Department of Health and Human Services at 1-800-447-8477.

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