Small Business Grants

At the face value… The government of the United States does not provide grants for starting or expanding a small business at present. But what the government does offer is a lot of free aid in planning the commencement or improvement of your business and in securing low-interest SBA-backed loans for small businesses.

Apart from this, you will find that many states offer small business grants to individual proprietors. SBA is the United States Small Business Administration. From 1953 onwards, the SBA has helped thousands of Americans start small scale businesses. Today there are SBA offices in every state as well as the District of Columbia, the Virgin Islands and Puerto Rico which assist with financing, planning, training, and advocacy for small firms. In addition, the SBA works with thousands of lending, educational and training institutions nationwide.

How can the SBA help you? If your business is independently owned and operated or will be in the future, is not enjoying monopoly, and meets the business size standards set, the SBA can help you. Here’s how: * Free Business Planning Aid * SBA Loan Program for Small Businesses * SBA Loan Checklist * SBA set Business Size Limits Contracting Resources by the Federal Government Small businesses end up selling billions of dollars worth of products to the federal government of the United States each year. A lot of government agencies necessitate that a percentage of their purchase contracts be awarded to small businesses.

At SBA you will get the resources required to help your small business become established as a federal contractor, find various business opportunities, and understand the rules and regulations that federal contractors must follow. Government Resources for Businesses owned by Women According to the Census Bureau, Only about 30 percent of all non-farm businesses in the United States in 2002 were owned by women, at which time the approximately 6.5 million women owned businesses created revenue amounting to more than $940 billion, up 15 percent from 1997. Here you will be provided information on the US government programs that help women entrepreneurs in starting growing and expanding their businesses. Funding Hot Prospects through State Small Business Grants Incentives to finance small businesses are an integral part of the economic development plan of every state in the nation. There are even states that offer small business grants. Other incentives to small business include subsidized SBA loan rates, tax breaks and participation in business incubator programs.