Tag : Grants

Grants for Starting a Business: How to Benefit, Startups, business grants.#Business #grants


Grants for starting a business: What small business grants are available?

Business grants

If you’re a small business owner or thinking of starting a business, finance is probably your biggest concern. You may be wondering if there is any funding available for start-ups.

The simple answer is yes, but getting your hands on it can be a complicated and rather stressful process. There are countless schemes, each with their own set of criteria, which you can apply for when you’re on the verge of starting a business.

Start-up funding is out there to be claimed, yet every year we receive stories of piles of cash sitting in accounts and not being invested. It’s not because you don’t need the cash, but it’s because navigating through the grants jungle can leave you wishing you were still employed.

Types of business support

All publicly funded schemes are designed to encourage new and growing businesses, to bring wealth and ultimately create jobs. To help achieve this the government makes available a portion of taxpayers’ money to help and encourage enterprise through small business grants.

This cash gets distributed through a variety of ministries, departments, agencies and quangos on a national and local basis. Most businesses are eligible at any one time to apply for a number of different business start-up grants and support schemes which are distributed in a wide variety of forms.

Government grant resource the business finance support finder is a great tool to help those starting a business find relevant funding to suit their needs and you are able to customise your search by your business location, size, and type of business activity.

Want to read more on grants?

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What organisations provide small business grants?

The three main sources of grants for start-ups and small businesses come from:

  1. The government
  2. The European Union
  3. The local authority

Government grants for small businesses

Government grants for small businesses are available from the UK government, the Scottish Parliament, and the Welsh and Northern Ireland Assemblies. There are over 100 different government bodies which will offer different forms of funding based on specific criteria and objectives. There are often over 3,000 grant schemes running for UK start-ups at any one time, so it can be a confusing process for business owners to decide which organisations to contact.

Here are the main government organisations who offer grants to small businesses:

European Union grants for small businesses

Despite Brexit, UK start-ups and small businesses can still apply for and receive funding from the European Commission until the UK officially leaves the EU. The EU, via the European Commission, administers a number of schemes through structural funds made up of:

This EU Access to finance tool should help you to see if your start-up qualifies for any EU-backed funding.

Local authority business grants

As well government and European funding, a number of locally-based organisations can also provide your start-up with capital.

Specifically to support and encourage enterprise at a local level, there are currently 38 Local Enterprise Partnerships (LEPs) across England.

Similarly, the government-backed £3.2bn Regional Growth Fund supports projects and programmes that are already in the process of raising private investment.

Click here to view a map of all 38 LEPs and here for more information on the Regional Growth Fund.

Type of government business grants available

Direct grant

This is a cash award, which is usually given out for activities such as training, employment, export development, recruitment and capital investment projects. With a direct grant most schemes usually require the company involved to put up around 50% of the cost.

The government s ‘business finance support finder’ directory has over 300 direct grants agencies listed such as UK business “innovation” organisation the Technology Strategy Board. The directory also features various local grants providers which are facilitated by the government’s £3.2bn Regional Growth Fund, such as Catalyst for Growth which has direct grants of £5,000 to £500,000 available for chemical start-ups launching in the North West of England.

Soft loan

A soft loan is a special type of grant where the terms and conditions of repayment are more generous (or softer) than they would be under normal financial circumstances. So, for example, the interest rates may be less, or there may be no interest to pay at all, and the repayment terms could also be for a longer period.

There are hundreds of organisations that offer soft loans and guarantees but the most notable is government-funded scheme Start Up Loans which offers new businesses loans of up to £25,000 for 6% interest with a 12 month repayment “holiday”.

To date it has helped to fund thousands of start-ups with over £250m invested; see if you are eligible on the Start Up Loans website here.

If you’re starting a social enterprise or charity there are organisations such as Big Issue Invest, the investment arm of the Big Issue, which has soft loans from £50,000 to £1m available for positive impact, socially-driven entrepreneurs and also operates ‘participation loans’ where repayment is linked to future performance of the enterprise.

For young entrepreneurs aged between 18-30, The Prince s Trust provides soft loans of up to £4,000, as well as support for your business idea, with interest capped at 3% and repayments spread over a period of two to five years.

Equity finance

With equity finance a capital sum is injected into the business and the provider of the funds takes an equity share of the enterprise. When the value of the firm increases the stake can then be returned. However, unlike venture capitalists, the expectations and requirements of the providers of public funds are usually less demanding.

It is also worth noting the government Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) which help companies raise finance by providing tax relief to investors who buy a share in your business.

Free or subsidised consultancy

Start-ups can often find themselves in the situation where they are lacking a particular set of skills and there are some specially run schemes which provide this knowledge either for free or at subsidised rates. For instance, the Welsh government runs a business support service offering free, independent advice on starting a business and operates an instant hotline for business queries.

Access to resources

As with a lack of skills, it can be the case that start-ups do not possess the physical resources or facilities they need in order to develop particular projects. In the same way there are a number of initiatives, particularly incubator and accelerator schemes, that can help overcome these concerns by providing access to publicly owned facilities. One such initiative is the department for business, innovation and skills’ (DBIS) GrowthAccelerator which provides advice and coaching to fast-growth businesses with fewer than 250 employees.

Technology and Best Practice transfer

The transfer of technological advances and new best practice initiatives can often take a long time filtering down to smaller businesses. The government has set up schemes which aim to overcome this through business support networks and there is now a number of well-established best practice initiatives such as Investors in People (IIP), which specialises in business tools and resources.

Cost sharing

When it comes to research and development, the costs involved can prevent small firms from taking part. However, by sharing the costs with other businesses, and then sharing the expertise, this problem can be avoided.

To find out more about grants for starting a business, visit our dedicated small business grants channel here.



Government Grants Mall for Free Government Grants and Money, Small Business Grants,

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Receive $50,000 in Free Government Grants

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SPECIAL REPORT: Thousands of ordinary people receive FREE Government Grants and Money every day. So can you!

Get Your Share Today. Join For Immediate Online Access!

Welcome to GrantsMall.com. Most of us dream about getting enough money to erase all our financial worries, buy that special dream house, secure a new car, take a luxurious trip, pay for college and much more.

Many of us don’t realize that the U.S. Government and literally thousands of private foundations will distribute over $30,000,000,000 (yes, that’s $30 Billion) each year to individuals and small business for any reasonable need.

This Free Grant Money requires no credit check, collateral, security deposits or co-signers, you can apply even if you have a bankruptcy or bad credit, it doesn’t matter, you as a tax payer and U.S. citizen are entitled to this money.

You decide how much money you need, as long as it’s a lawful amount and meets with the Government Agencies criteria. This money is non taxable & interest free and is yours to keep and never has to be repaid!

Most people never apply for FREE GRANTS because they somehow feel it isn’t for them, feel there’s too much red-tape, or simply don’t know the existence of these programs or who to contact. The fact is, however, that people from all walks of life do receive FREE GRANTS MONEY and other benefits from the government, and you should also.

We will show you how to obtain this money FAST. We provide you with all the information and tools you need to successfully secure any grant for you.

This grant money can be used to start a home business, get an education, expand your current business, buy a new home, repair your home, pay rent, down payment for home purchase, pay mortgage payments, pay utility bills, purchase a new car, pay for groceries, pay childcare expenses, pay for fuel, pay general living expenses, pay for academic tutoring, purchase clothing, purchase school supplies, pay legal services, pay summer camp expenses, pay off debts, pay for music lessons, pay for art lessons, pay for any extracurricular activities, pay real estate taxes, medical expenses, disablility assistance, general welfare and much more!

Why is Grant Money Available?

The Federal and State Governments are required by law to issue grants for many diverse needs. The Influx of grant money into the economy creates jobs, which in turn creates more tax revenue and reduces individual (and corporate) dependency on government subsistence programs.

Government business grants

With our economy in severe downturns, the need to distribute this free money and create jobs to jump start the economy has become critical.

Many Corporations and Foundations are required to grant a certain amount of their assets annually for a variety of reasons. Foundations are required to give away at least 5% of their total assets each year to maintain their tax-exempt status.

All of these programs don’t require credit checks, collateral, security deposits or co-signers, even if you have a bankruptcy or bad credit, you as a taxpayer and U.S. citizen are entitled to this money.

Government Grants Programs

Everyday the Federal Government gives grants to businesses ranging from large corporate bail out’s to helping average people start their own small business. They also give grant money to students, men, women, children and minorities to go to attend private schools and colleges or to also lend them a helping hand with everyday living expenses, medical bills, general welfare and much more!

All 50 states are a major source of financial aid and assistance to small businesses and individuals. They offer grants money and low interest loans for businesses to purchase buildings, land, equipment inventory and free grant money to individuals for personal, professional and economic needs.

Who can apply for Free Grants?

ANYONE can apply for a Grant from 18 years old and up!

Don’t pass up this great opportunity. Claim your piece of the American Pie! The money is available to you as long as you can show a legitimate need.

What Types of Grants are Available?

The types and numbers of grants available are vast and many. Here we provide you with a few different types but please keep in mind there are many, many more.

The following represent a small subset of the programs available. You will find many, many more in our directories, databases and resources.

Qualify for up to $130,000 in Personal Grants.

  • Home Purchase
  • Home Repair
  • Mortgage Payments
  • Rent
  • School Supplies
  • Real Estate Taxes
  • Utility Bills

  • New Car
  • Groceries
  • Child Care/Day Care
  • Fuel
  • Legal Services
  • Medical Bills
  • Public Transportation

  • General Living Expenses
  • Disability Assistance
  • Housing Assistance
  • Consumer Debt
  • Lesson Payments
  • Tutoring/Teaching
  • Clothing

The U.S. Government understands small business is essential to a vibrant economy.

As a result, many grants and low interest loan programs are available to stimulate small business. As a business owner or future entrepreneur, you may qualify for a variety of grants from public and private sources designed to enhance, expand or initiate your business.

This category encompasses many different, diverse business in various service, retail, wholesale and manufacturing sectors. To list a few, grant money are available to open or expand a bookstore, a flower shop, a hair saloon, a day care center, a furniture store, a bar, a liquor store, a computer store, an auto repair shop, a restaurant, a coffee shop, a bakery, a sewing shop, a clothing store, a furniture store, a rental store, a gift shop, a brewery, a film studio, an art studio, a cooking school, a courier service, a typing service, a travel service, a cleaning service, a yard and garden service, trucks for transportation, a motel, a farm, business related to the internet and much more! We’ve listed only a few business but please keep in mind there are many, many more.

Qualify for up to $250,000 in Business Grants.



Government Grants, government business grants.#Government #business #grants


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GrantCanada.com is an online list of grants, loans and assistance programs for Canadian individuals and businesses. We will save you many hours, even weeks or months of searching. Get money for a job or for starting/expanding a business. Finding sources of funding is often the single biggest challenge for someone wanting to start or expand their business. Billions of dollars are given out annually by government agencies and foundations in Canada but most Canadians don’t even know these agencies and foundations exist, or how to contact them. You could order the program(s) and we will send you the information.

General Business Programs:

Start up and expansion capital for the purchase of equipment, supplies, real estate premises, machinery, technical knowledge, vehicles, computers, website development, office lease, office renovation, and office furnishings. Finance ranges start from $1000 to a maximum of $10 million.

Employee Assistance Programs:

Programs for hiring, training or retraining employees.

Specific financing programs for women in Canada to assist the start or expansion of a business. Financing up to $100,000.00 available.

Operating Capital Programs:

Programs to provide operating lines and expansion potential.

Product Development Programs:

Programs for initial discovery, prototype rendering, product and market assessment, production methodology, and market penetration.

Business Planning Programs:

Expert technical and financial business planning and company assessment in relation to domestic and international competitors.

Crown Asset Selling Programs:

Excess Federal and Provincial assets are sold at a deep discount to wholesale market prices. Assets available include computers, machinery, vehicles, equipment, furniture, among others.

Research and Development Programs:

Programs to develop ideas in the knowledge industries.

Non-Profit Organizations Programs:

Programs to assist organizations and charities to address timely and continuing social issues.

Import And Export Programs:

Programs to transact business across borders for new or currently existing importers and exporters. Financing for expert market penetration studies, trade show participation, trade representation, transaction financing and insurance protection.

Community Development Programs:

Programs to assist downtown improvement, community organization development, facility construction and redevelopment, and specific community group programs.

Government Procurement Programs:

Federal and Provincial governments provide opportunities for your company to supply goods and services for government purchase.

Market Improvement Programs:

Programs to increase market share within or outside Canadian borders.

Programs to increase visits for small to large tourist industry operators.

Youth Business Programs:

All persons aged 15 – 30 are eligible for financial and consultative programs specific to youths.

Programs are available to various businesses including, but not limited to: retail, immigrants, Aboriginal persons, manufacturing, municipalities, environmental, agri-business, oil and gas exploration and services, forestry, daycare, arts and culture, sports clubs and facilities, health industry and mining.



How to Apply for Women and Minority Owned Business Grants, minority small

How to Apply for Women and Minority Owned Business Grants

Minority small business grants

Asian business woman image by huaxiadragon from Fotolia.com

Related Articles

  • 1 Grants for Minority First Time Business Owners
  • 2 List of Grants for African-American Women to Start a Business
  • 3 Grants for Minority Women Wanting to Start a Small Business
  • 4 How to Register a Business As Minority Owned

Women and visible minorities who own their own businesses may be eligible for a variety of grants. Learn how to find them and apply for them.

Women and visible minorities can take advantage of grants offered by private institutions and, less often, government agencies. The key to winning a grant is ensuring that your business goals are aligned with the purpose of the grant and that you submit a professional application. With a bit of study and practice, however, you can gain confidence and hone your grant-writing skills, allowing you to tap into the resources of organizations that promote female and minority entrepreneurship.

Select specific grant programs that match your business and personal situation. Take note of each granting organization’s name and contact information, and compile a list of all grants for which you are eligible. Select a range of options – grants for women only, minorities only or both – if you are both a woman and a part of a minority group; this will give you a wider range of possibilities. Begin your search at Grants.gov for federal funding, and SRA International or Business Owners’ Idea Cafe for private funding sources (see Resources).

Research the granting organization thoroughly. Visit its website and read any news articles or press releases related to the organization. Look into the types of organizations and projects that the organization funds, and research specific grant-winners, if possible. Focus on the exact purpose of the awarded grants. Grants may be awarded purely to promote female and minority entrepreneurship, for example, or they may be granted to organizations whose programs directly benefit women and minorities in general.

Contact the granting organization and ask for guidance in preparing your grant proposal. Ask a representative to speak with you about the grant proposal process, explaining such things as preferred submission formats and length, the organization’s specific areas of interest and any other grant opportunities for women and minorities that may be available. Keep your new contact’s name and information as you did with the notes you took in step one.

Create your grant proposal. The proposal should include a description of your organization, including its mission and product offerings, and a needs assessment that clearly explains the need your company serves. Focus specifically on how your organization will promote the goals of the organization that offers the grant.

Create a thorough description of your products, services and business model, and include it in your grant proposal. Add a budget, projected financial statements and a detailed summary of how you plan to spend the grant money. End the proposal with professional biographies of yourself and your top-management team. List the names of any women or minority associations or groups of which you are a member.

Create an executive summary after all other sections are done and place it at the beginning of the grant proposal document.

Submit your grant proposal to your contact or designated recipient in the granting organization. Follow all format and submission instructions when sending in your proposal, and include a brief cover letter introducing yourself and your company, while thanking the grant reviewers for their time.

Ask your contact in the granting organization if members of the grant proposal review committee would be willing to look over your proposal and provide feedback before the submission deadline. It never hurts to ask, and this could provide invaluable insight and increase your chances of receiving a grant.



Canadian Government Grants & Loans – Small Business Financing, small business grants.#Small

Try the Grant Finder Search Engine

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Many government programs have a limited window for when they accept new applications. Don’t risk losing your chance to receive funding.

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Small business grants

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Small business grants

The recipients in these stories took the first step and contacted our Centre to learn about their funding options. Although we cannot guarantee you will get funding, the more you know about others experiences the better your chances.

CFSBF has no affiliation with any program, and no claim is made that funding is guaranteed.

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Still not sure where to start? Our in-house group of experts can help. Give us a call or fill out the form below to begin.

For More Info Call 1 866 682 2402

Find out if you may be eligible for funding

Call: 1 866 682 2402

Still not sure where to start? Our in-house group of experts can help. Give us a call or fill out the form below to begin.

Government Money May be Available For Your Business

Search through 926 government programs

You may be eligible for.

Many government programs have a limited window for when they accept new applications. Don’t risk losing your chance to receive funding.

Time Left To Register Today

Ready to Get Started?

Call Us for More Info 1 866 682 2402

Or fill out the form below to get in touch with one of our Funding Experts.



Pepsi’s Bet on Community Projects Over the Super Bowl – The New

Pepsi Bets on Local Grants, Not the Super Bowl

What’s better than reaching more than 100 million viewers during last year’s Super Bowl? For Pepsi, it could be 6,000 football fans during a high school game on Friday night in central Texas. Or a group of parents who wanted a new playground in their Las Vegas neighborhood.

That is the bet that PepsiCo made when it walked away from spending $20 million on television spots for Pepsi during last year’s Super Bowl and plowed the money into a monthly online contest for people to submit their ideas and compete for votes to win grants.

Withdrawing from the Super Bowl for the first time in 23 years and giving the money away for the Pepsi Refresh Project was considered a gamble by the beverage maker as it explored the potential of social media and cause-related marketing to make a difference in its business. But the company, despite accusations that some winners used questionable voting tactics, says it was a huge success and plans to expand it beyond the United States this year.

More than $20 million in grants, ranging from $5,000 to $250,000, has been distributed to about 400 winners so far, including $25,000 for new uniforms for the Cedar Park High School band in Cedar Park, Tex., which took its campaign to win votes to Friday night football games. In Las Vegas, a new playground opened last week with a $25,000 grant won in September.

“This was not a corporate philanthropy effort,” said Shiv Singh, head of digital for PepsiCo Beverages America. “This was using brand dollars with the belief that when you use these brand dollars to have consumers share ideas to change the world, the consumers will win, the brand will win, and the community will win. That was a big bet. No one has done it on this scale before.”

As Pepsi had hoped, competitors have turned to their personal networks on Facebook and Twitter to gain support for their ideas, extending the Pepsi brand and its do-good message. Nearly 19 percent of the 77 million votes have been cast through Facebook. On Twitter, participants were urged to use the hash tag “#PepsiRefresh,” and they did.

B. Bonin Bough, who oversees social media for PepsiCo, said that the power of social platforms, like Twitter and Facebook, and blogs allowed this program to work and have reach. “But most important is the power of these platforms to help individuals build communities to help support their efforts and ideas,” he said. “These communities will exist long after and are a testament to the type of social impact programs like this can have.”

But did the Pepsi Refresh Project sell more cans of soda? Prompt more consumers to switch from Coca-Cola to Pepsi? Create more brand awareness? Build stronger relationships with consumers?

Figuring out how to translate social media efforts into sales and customers — and how to measure overall effectiveness — was cited as a top concern of many companies looking to expand their efforts to reach consumers using social media technologies in 2011, according to a recent survey by the Harvard Business Review Analytic Services.

More than 79 percent of the 2,100 companies participating in the survey said they either currently use social media channels like Facebook and Twitter, or are preparing to start social media initiatives. But most executives reported they were still struggling over how best to use the different channels and measure their effectiveness.

New business grants

Of those companies participating in social media, nearly a third do not currently measure the effectiveness of their programs, and less than a quarter are using social media analytic tools, the report said.

At Pepsi, the company is using dozens of methods to assess the impact of Pepsi Refresh, but its success is not being measured by sales of the beverage. Last year, Pepsi sales fell 6 percent, a sharper decline than the 4.3 percent decline overall in carbonated sales beverages.

Mr. Singh said the Pepsi Refresh Project was not a sales-driving program, but viewed as an investment to build brand awareness and cultivate a long-term relationship with consumers. “It was designed to drive brand health,” he said. “We look at brand equity, brand health and sales — and we have seen movement in all of them.”

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He also said the project had allowed the company to understand and learn the priorities of many of its customers across the country. “There have been 120,000 ideas submitted,” he said. “It gives us a strong sense of what matters to them and what is exciting to them.”

Allison H. Fine, co-author of the book “The Networked Nonprofit,” said the upside of the growing number of companies’ embracing social media to run online charity contests was that a local shelter could compete head-to-head for money with a large national nonprofit and do well.

“But it is still different from traditional philanthropy,” she said, noting many of the awards are to support “loving acts of kindness” and not aimed at achieving social change or perhaps a community’s more urgent and important needs.

At Cedar Park High School, band members waged a four-month campaign to win the $25,000 grant from Pepsi Refresh for new uniforms last fall; their efforts included distributing fliers during a game and asking people to vote online in support of their request.

They also urged people to use their mobile phones to cast a vote during halftime. To help them text the number, band members created a formation on the field of 1-0-2-1-1-4 while an announcer told fans what to do.

“That was a lot of fun,” said Bob Chreste, associate director of the high school band and the driving force behind the band’s successful campaign. “A lot of people in the audience during the game pulled out their phones and voted.”

For Pepsi’s advertising agency, TBWA/Chiat/Day, based in Los Angeles, the decision to skip the Super Bowl ad last year and use the money for the Pepsi Refresh Project acknowledged the consumer shift toward social media and the need to reach the millennial generation with a project that allowed them to participate in a meaningful way.

“It was a big deal,” said Carisa Bianchi, president of TBWA/Chiat/Day, about the decision to forgo a traditional ad. “But it really placed Pepsi as a modern brand.”

What about this year’s Super Bowl? The Pepsi Max brand will join its sibling brand, Doritos, in the Crash the Super Bowl contest, which will offer six ad spots this year for consumer-created commercials. Voters decide which spots get on the air.

A version of this article appears in print on January 31, 2011, on Page B4 of the New York edition with the headline: Pepsi Bets on Local Grants, Not the Super Bowl. Order Reprints | Today’s Paper | Subscribe

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British Small Business Grants, Helping small businesses grow, grants for business.#Grants #for

A monthly cash competition for the UK’s brightest small business stars

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About the grant

As the leading advice website in the small business space, SmallBusiness.co.uk receives many requests every month from would-be entrepreneurs and existing company owners asking what financial assistance is available to help them, start, run, grow and succeed.

Whether you are running a cafe, operating a business from home, or perhaps managing a franchise, you will need funds to establish and grow your company. Depending on the type of business, this requirement may vary from a few hundred pounds to multiple thousands.

While some companies may be able to get away with minimal investment in equipment, staff and marketing, others will be faced with significant expenditures that are key to establishing their company.

The Small Business Grants initiative will help small businesses in this area, offering monthly financial assistance to maximise their chance of success.

Every month, one business deemed by our panel of judges to be the most deserving will benefit from a £5,000 financial grant, as well as being featured on SmallBusiness.co.uk as a monthly winner.

We look forward to receiving your applications for this exciting initiative. Good luck!



How to Apply for Women and Minority Owned Business Grants, women business

How to Apply for Women and Minority Owned Business Grants

Women business grants

Asian business woman image by huaxiadragon from Fotolia.com

Related Articles

  • 1 Grants for Minority First Time Business Owners
  • 2 List of Grants for African-American Women to Start a Business
  • 3 Grants for Minority Women Wanting to Start a Small Business
  • 4 How to Register a Business As Minority Owned

Women and visible minorities who own their own businesses may be eligible for a variety of grants. Learn how to find them and apply for them.

Women and visible minorities can take advantage of grants offered by private institutions and, less often, government agencies. The key to winning a grant is ensuring that your business goals are aligned with the purpose of the grant and that you submit a professional application. With a bit of study and practice, however, you can gain confidence and hone your grant-writing skills, allowing you to tap into the resources of organizations that promote female and minority entrepreneurship.

Select specific grant programs that match your business and personal situation. Take note of each granting organization’s name and contact information, and compile a list of all grants for which you are eligible. Select a range of options – grants for women only, minorities only or both – if you are both a woman and a part of a minority group; this will give you a wider range of possibilities. Begin your search at Grants.gov for federal funding, and SRA International or Business Owners’ Idea Cafe for private funding sources (see Resources).

Research the granting organization thoroughly. Visit its website and read any news articles or press releases related to the organization. Look into the types of organizations and projects that the organization funds, and research specific grant-winners, if possible. Focus on the exact purpose of the awarded grants. Grants may be awarded purely to promote female and minority entrepreneurship, for example, or they may be granted to organizations whose programs directly benefit women and minorities in general.

Contact the granting organization and ask for guidance in preparing your grant proposal. Ask a representative to speak with you about the grant proposal process, explaining such things as preferred submission formats and length, the organization’s specific areas of interest and any other grant opportunities for women and minorities that may be available. Keep your new contact’s name and information as you did with the notes you took in step one.

Create your grant proposal. The proposal should include a description of your organization, including its mission and product offerings, and a needs assessment that clearly explains the need your company serves. Focus specifically on how your organization will promote the goals of the organization that offers the grant.

Create a thorough description of your products, services and business model, and include it in your grant proposal. Add a budget, projected financial statements and a detailed summary of how you plan to spend the grant money. End the proposal with professional biographies of yourself and your top-management team. List the names of any women or minority associations or groups of which you are a member.

Create an executive summary after all other sections are done and place it at the beginning of the grant proposal document.

Submit your grant proposal to your contact or designated recipient in the granting organization. Follow all format and submission instructions when sending in your proposal, and include a brief cover letter introducing yourself and your company, while thanking the grant reviewers for their time.

Ask your contact in the granting organization if members of the grant proposal review committee would be willing to look over your proposal and provide feedback before the submission deadline. It never hurts to ask, and this could provide invaluable insight and increase your chances of receiving a grant.



What Types of Grants Exist For Women, women business grants.#Women #business #grants


women business grants

Women business grants

What Types of Grants Exist For Women?

Regardless of the country that you live in, federal grant money is usually available. Women can apply for federal student grants to fund their education at an undergraduate or graduate level and give themselves the ability to get a professional career.

Other agencies in a country’s federal government offer grant money to organizations for public purposes, including the betterment of the status of women in business, the arts, or in the fields of science and technology. These organizations then develop programs which women can use. Either kind of federal grant requires an application, along with a stated goal and a promise that the funding will be used solely for the purpose for which the grant was created.

Government agencies in the United States, Canada, UK, Australia, and South Africa that usually offer such federal grants include the Department/Ministry of Health, the Department/Ministry of Education, the Department/Ministry of Agriculture, the Department/Ministry of Social Services, the Small Business Administration, and more. Many times, public service agencies such as the Medicare Payment Advisory Commission (or your country’s rendition of this) will also offer grants.

Private grants are funded by an individual who have a personal interest in promoting certain kinds of activities through their generosity. Sometimes a private organization is set up as a foundation with a board of directors and possibly a committee that handles grants and awards. Private funding may be available for women in the form of grants or scholarships.

Well-known U.S. humanitarians who provide private grants include Bill Gates, Oprah Winfrey, Warren Buffet, Bill Cosby, Martha Stewart and many others.

Corporate grants are developed and administered by companies who wish to fund projects that either enhance their reputations or have a reasonable chance of producing benefits to the funding company. Some companies and organizations have a history of making grants available for women to use for education or career advancement.

Companies that provide such grants through their foundations include Microsoft, Kelloggs, General Electric, Verizon, Toyota, Boeing, Sony, and many other corporate giants in your country.

Professional grants are usually made by non-profit organizations and universities within a given profession to advance the status of individual members of the profession and the status of the profession itself. Many professional women s organizations offer career development or advancement grants for use by members of the profession for travel, education or counseling.

Organizations that offer professional grants include the Susan G. Komen Breast Cancer Foundation, the Barbara Lee Family Foundation, the American Association of University Women (AAUW), various universities across the world, and more.



How to Finance Your Start-up Business, Small Business BC, start up business

Small Business BC

How to Finance Your Start-up Business

If you’re planning on starting a business, chances are you’ll need some form of capital, which simply refers to the money that finances your business.

One reason for the failure of many small businesses is that they undercapitalize their business. Therefore, it is important that you know how much money you will actually need to start and to run your business until you reach your break-even point—the point when your sales revenue equals your total expenses.

Ask yourself:

  • How much money is required to start this business?
  • How much of your own money do you have for this business?
  • Do you already own any of the assets needed to start this business?
  • Do you have family, friends, acquaintances, or others who are willing and able to invest in this business?
  • Do you have a strong personal credit rating or lines of credit available?

Equity Investment

Equity means ownership. With equity investment, an investor makes money available for use in exchange for an ownership share in the business. If you use equity investment, be sure to consider how much ownership you’re willing to give up, and at what price. Once you sell 51 percent of your shares, you lose control of your company.

Equity investment includes any money from individuals, including yourself, or other companies in your business. This money may be from personal savings, inheritance, personal loans, friends or relatives, business partners, or stockholders. These funds are not secured on any of your business assets.

But, before going down this road, it is important to know the BC laws that apply to any company or other entity that raises money from investors. To find our more read our article: Seeking Equity Investment? Know the Rules

Personal Savings: The Most Common Form of Equity Investment

You’ll likely get most of your start-up funding from your personal savings, inheritances, friends, or family. In fact, according to Statistics Canada’s Survey of Financing of Small and Medium Enterprises 2007, 76% of small businesses in British Columbia financed their business with personal savings.

Aim to fund 25% to 50% of your business from your own pocket. This shows prospective lenders and investors that you are personally assuming some risk, and are committed to your business success. It’s also a requirement for many small business loans, which are usually secured (i.e. backed by assets).

Throughout the course of your business, try to keep a personal investment of at least 25% in your business to increase your equity position and leverage. The more equity your business has, the more attractive it makes you to banks that can loan you up to three times your equity.

Debt Financing

1. Government Funding

Typically, the most sought-after type of financing is government grants because it’s free money that you don t have to pay back. Unfortunately, a grant might not be an option for your business because not only are there very few grants available, most are geared towards specific industries or groups of people such as youth, women, or aboriginal owners.

The majority of government funding programs are typically loans, for which you ll be required to repay the principal amount plus interest.

In 2007, only 2% of businesses obtained some sort of government funding or assistance. You can find information about government funding programs for free:

  • Search the Canada Business Grants and Finances section, which lists available government programs across Canada.
  • Contact your industry association to find out if they know of any grants you might be eligible to receive.

Since the application process varies from program to program, you should contact the coordinator of the program that you’re interested in to find out what the specific application requirements and process are.

2. Commercial Loans

Commercial or personal loans from financial institutions account for the second most common form of financing at 44%.

  • Long-term loans. Use long-term loans for larger expenses or for fixed assets that you expect to use for more than one year, such as property, buildings, vehicles, machinery, and equipment. These loans are generally secured by new assets, other unencumbered physical business assets, and/or additional stakeholder funds or personal guarantees.
  • Short-term loans. Short-term loans are usually for a one-year term or less, and can include revolving lines of credit or credit cards. These are generally used to finance day-to-day expenses such as inventory, payroll, and unexpected or emergency items, and can be subject to a higher base interest rate.

Getting Your Loan Approved: What do Potential Lenders Look For?

Many lenders will look for the four “C’s of Lending” when evaluating a loan application:

  1. Cash flow. Your ability to repay the cash you are borrowing. This is measured using the cash flow forecast that you created for your business plan.
  2. Collateral. The value of assets that you are willing to pledge for assurance that you will repay your loan. A dollar amount will be placed on these assets and that will be compared to the amount of the loan you requested.
  3. Commitment. The amount of money that you re committing to your business. You can’t expect to obtain a loan without contributing a fair share yourself.
  4. Character. Your personal credit score and history with the financial institution. Your credit rating or score is calculated from your history of borrowing and repaying bank loans, credit cards, and personal lines of credit. Without a good credit rating, your loan prospects decrease significantly.

A lender might determine how much to lend you by evaluating your cash flow, collateral, and commitment. They will then subtract your existing debt to arrive at a final amount. Note that lenders look at the limit on your credit cards, not the amount you re currently using.

Typically, start-ups are not rich in assets so you may be required to secure your business loans with personal collateral such as your house or vehicle(s).

The difference between a private lender and a government program is the relative importance of these four C’s. A bank might place more importance on “collateral” and “commitment”, whereas a government program can often decrease the need for these by providing a government guarantee to the lender.

Make a Good Impression With Your Lenders

You can increase your chances of securing a loan by:

  • Having strong management and staff
  • Showing steady business growth potential
  • Showing reliable projected cash flow
  • Offering collateral
  • Having a strong personal credit rating
  • Always making your loan and interest payments on time, and never missing a payment