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Grants, how to write them for small businesses

Unless you are luck enough to be loaded with cash, chances are that you will need some financial help in order to get all of the things that you will need to start your business. While writing a grant for your small business may seem overwhelming by following some simple steps you can succeed.Grant funding is available for small businesses you just need to know how to access it.

There are numerous US grants that are given every year for just about every reason that you can imagine. Grants are given not only for small business start-ups, but also for preserving historic monuments, continuing education, and art. But it is important to understand that for every million grants that are applied for each year only a few hundred are actually granted. Some of these are free grants, which mean that if you receive one of them, you do not have to pay for it. Other grants are structured more like loans and require repayment with interest. Getting a business grant can take a lot of time, but it is worth it if you are starting a new business. Government and corporations are required by law to distribute billions of dollars to people every year. It falls to those who know what programs are available to be the ones that will receive the money. It can be a time when you can get the money you have invested into the government back tax-free. There is a range of grants that are available for example: you can apply for any of the available grants that start at: $14,000 to start a home-based business or $2 million dollars to build a new low-income apartment complex. You can just apply to one program or apply to as many different programs you would like. For just about any thing that you could need for your small business there is a grant for it. If you are willing to look, you can find a grant program that will fit your needs. Often the best place to begin your research for finding a grant is to begin online.

Government agencies and private foundations are required by law to distribute funds to businesses and individuals like you. They give away this money for two main reasons:

  1. Elected officials who want to stay in office give away billions in government cash so people will continue to vote for them.

  2. Big corporations have figured out a myriad of ways to save a lot of money in taxes by giving away money as "foundations". As long as it continues to be good for their bottom line, the funds will keep flowing during good times or bad.

One of the major things that will help you writing a grant is to have an effective business plan.Having your business plan accessible will help guide you in achieving your goals by explaining why you need the funding from a grant. So before even writing your first grant proposal you must make sure that you have a complete business plan in place.Now that you have your business plan complete, have done your research and understand what grant you want to apply for here are some specific tips to follow that will help insure that it is you who is given that grant money for your business-

  • Follow the instructions on the grant proposal exactly as they are laid out. Failing to do this will result in your application getting ignored and that will be the end of it.

  • Make sure your grant is complete. You will have to be certain that your grant proposal lists everything about your business and the monies that you will need. You must try to list them all if you want to get the right amount of money.

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