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Viewing Where to Find Small Business Grants for Your Start-UpWhere to Find Small Business Grants for Your Start-Up
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Grants are given away every year for a variety of reasons: from small business start-ups, to continuing education, to preserving historic monuments, to art. How can you get your piece of the pie? This article may be able to help. By Sue Jan Grants are given away every year for a variety of reasons: from small business start-ups, to continuing education, to preserving historic monuments, to art. Business grants are usually given to applicants who have a solid business plan - and the more detailed the reports are, the better the chance of getting the grant. When starting up your own small business, the first priority should be to find start-up capital. The best capital to get is the small business grants such as free grants that you never have to pay back, or other types of grants that are more like loans and require repayment with interest. New business owners and existing business owners are eligible to apply for business grants. There is a wide array of federal business grants available for groups and items such as: There are numerous sources to find business grants: Federal law mandates that government agencies and private foundations give away over 1 trillion dollars to individuals and businesses. Foundations are required by law to distribute 5 percent of their market value assets or interest income annually, whichever of these amounts is greater, or risk losing their tax-exempt status. The incentive for giving away grants is great. First, elected officials seeking reelection give away billions in government cash so that people vote for them; second, big corporations save a lot of money in taxes by giving money to foundations. Another option when starting your business is to apply for private grants from foundations and corporations. Foundations award grants to businesses that are able to help the foundations reach their long-term goals. In the United States there are more than 65,000 private grant foundations which award more than $20 billion per year to applicants. Two good resources for private grants are the Foundation Center and the Council on Foundations. About the Author: For more on business grants visit www.small-business-grants-resource.info. Susan also enjoys writing at www.health-and-fitness-hub.info. Article Source: 1st Rate Articles - http://1stRateArticles.com |
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