Small Business Management

Small Business Startup Grant

Small Business Startup Grant Options

Small Business Startup Grant

Small business startup grants are a useful source of financing available to small business operators who are looking to commence, grow or are in need of emergency business capital. The qualification criteria varies depending on the source of the grant. Some governments encourage startup businesses in much needed industries or supply capital such as export incentive grants to manufacturers who are looking to penetrate overseas markets. To determine whether you are eligible for small business startup money you need to make an enquiry at the local level. The following investigates some options for small business startup assistance.

SBA:

The US Small Business Administration supplies small business startup funding for small business but they are generally confined to select businesses that are non-profit, state or local governments or intermediary lending institutions. It does, however, supply a wide variety of loan programs. These are classified under the 7(a) schedule and include: the Patriot express pilot loan initiative, the certified lenders program, the preferred lender program, SBA express, community express and the secondary market programs. To determine your eligibility for these programs, potential borrowers are required to satisfy basic credit requirements. These credit factors are the same criteria used by loan institutions when assessing an application. To find out more about these programs and to determine your eligibility you can visit the official SAB website (www.sba.gov)

US Small Business Startup Grants:

In general, grants are only available to businesses that are in highly specialized areas. You can find out more about this at (www.grants.gov). The US Department of agriculture supplies loans to farmers including guaranteeing up to 80% of a loan made through a commercial lender. There are other government loan programs available to businesses that supply specialized services to government departments. You can examine the details of these at (GovLoans.gov). Venture capital financing is available to small companies that require financing. SBIC's are privately owned and managed investment firms that supply finance to businesses that meet SBA requirements. Further details can be sourced from (www.sba.gov). Additional grant and loan programs for small business startup financing is available at: (www.business.gov).

Small Business Startup Money in Australia:

Small business startup grants are available for select industries that are engaged in specialized activities or represent identified sections of the community. The eligibility criteria differ depending on the nature of the grant. You can find out more about the specifics of the grant by visiting the respective website, downloading an application form and submitting the required documentation. Grants are focused on the following areas: migrant business development, exporting, information and communications technology, research and development, innovation commercialization and indigenous business. You can also find out further information from the local small business development corporation.

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