small business administration information
Wednesday, October 20th, 2010
What can you tell me about these so-called government subsidies?
My teacher told me about the Small Business Administration (SBA), which gives supposively you money and helps you start your business. We were talking about me wanting to start my own restaurant and she SBA said it helps people like me and my research on it and use it well I'm very happy because I really want to start my own business .. but how it works? Is it really free money? Please give me the information .. especially if you have tried this ..
SBA does not provide grants. From the SBA website http://www.sba.gov/mostrequesteditems/CON_FAQ2.html ——————————- – ———— "The U.S. Small Business Administration offers no grants to start or expand small businesses, even if it offers a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, they tend to develop and strengthen organizations providing services to small businesses, technical or financial assistance. These grants generally support non-profit organizations, institutions credit intermediaries, and state and local governments. "————————————- ——- It is difficult to find grants to start a business – especially a restaurant. Contrary to the myths that some perpetuate, federal government and private foundations, not even give Grant money for starting a business for profit. One possible exception is for companies developing or exporting agricultural products, including food and forest products. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) http://www.sba.gov/aboutsba/sbaprograms/sbir/index.html programs that fund research and development of technological innovation that meets government specific. Needs Your best bet will actually states if they offer grant programs for women (or any other special interest groups – Minorities, women, disabled, veterans, etc.). Or check with non profit organizations, particularly women organizations if they offer subsidies. Examples include Iowa Women's Foundation http://www.iawf.org/ New Mexico women http://www.nmwf.org/guidelines.html Foundation Nevertheless, you can go into the catalog of Federal Assistance and Grants.gov http://www.grants CFDA) http://www.cfda.gov (. gov – These are two sites created by the federal government to ensure transparency and information on grants. Scroll through the list and see if you can find a grant that would support for-profit venture. Here is a list of federal grants for small businesses. for individuals for starting a business – there is NO. http://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show available if there is no View more federal grants are given to groups specific targets with specific requirements (eg minority business owners involved in transportation related contracts emanating DOT – Grant # 20.905 disadvantaged Business Loan Short Term Grants are also often given to groups or nonprofit organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance which are given to those who will create women's business center that will train women entrepreneurs
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