Small Business Start up Grants

Small business start up grants are not many but still available.  Imagine being able to get free money from the government through grants for small business start up! It takes some work, lots of research and of course patience but it can be done. The federal government wants small businesses to flourish; it’s good for the economy at both the state and local levels. With this in mind, large sums of money are allocated annually to promoting the start-up and expansion of small businesses throughout every state. Along with the enormous, positive impact it has on tax revenues, small business start-up grants are designed to enhance the lives of underprivileged groups within our communities.

Whether you are in the planning stages of a new business or are looking to expand an existing small company, Small Business Start up Grants are an excellent resource that merits investigation. The problem that most entrepreneurs have is firstly, finding government grant opportunities and then matching ones that fit their particular business. The difficulty generally stems from the fact that although these grants for small business start up begin with the federal government, they are filtered down to state and local government agencies for administration and dispersal.

These start up grants are often hidden through layers of departments and categories on government websites. Knowing, where to find grants and how to focus on the specific grants that pertain to your business will save you hours of research. Avail yourself of all the free professional advice you can, read trade magazines and talk to other entrepreneurs who have been through the process. One of the most crucial factors will be to have a completed business plan, as virtually all granting agencies will require one to be included with your grant application package. If you have never written a business plan before, there is plenty of free help including easy-to-use templates that will walk you through each step.

It is true that many people are not successful on their first try but do not let that dissuade you. There are countless reasons why your application may have been rejected. Contact the review board either personally or through e-mail and find out why your application was not successful. Use this information to better prepare yourself for subsequent applications. Hundred of proposals never make it past the first reading for minor errors or omissions. Make sure you read and re-read the application and all its instructions. Some of the most common reasons for Small Business Start up Grants applications to be rejected are:

  • Grammatical and spelling errors – although this may seem petty, your grant application package is the reviewers first impression of you. Spelling and grammatical errors will show a lack of attention to detail which may make the person reviewing it feel that this is how you will conduct your business as well.
  • Blank spaces – Make sure to answer every question on the application. If something clearly does not apply to you simply put an N/A in the space but don’t leave it blank.
  • Follow their requests exactly – Many grant proposals will ask for a summary. If the application requests a one page handwritten summary make sure that is exactly how you submit it. A typewritten one, no matter how good it is, will cause your application to be automatically rejected.
  • Check submission deadlines – Always make sure you give yourself plenty of time to gather all the information you will need in order to submit the application package prior to the posted deadline. If the grantor requests a post mark of say the 23 of a month, any applications received after that will not be considered.

Remember that this is not a quick process so it is important to use your time wisely and as efficiently as possible. It is always better to ask questions if you are uncertain about something than to submit an incomplete application. Small Business Start up Grants listing is available in our business funding section.

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