Thinking of applying for a government grant?

There are plenty of options available for people looking for government grants, and plenty of ways in which your local government can help your business. Read on to find out more.

Lots of options for new businesses

If you are thinking about starting a small business, or have recently set up you own enterprise, you are probably looking into some way of getting yourself some financial help in the form of government grants. Every new business requires a bit of help, and setting up costs can easily run into huge amounts. You need money to make money, they say, and when you consider just how much equipment or resources need to be bought in order to get a new business going, we realize just how true this saying is. If you take a moment to think what even a very simple new business needs, it is little wonder that so many people seek help from the government in the form of free grants. However, currently, the US government is not providing government grants to help with setting up small businesses, and in these economically difficult times, it can be very difficult to find funds and grants anywhere. Thankfully, that isn’t the end of governmental assistance for new businesses, and there are many ways in which the government can help you through different means.

Free help and advice

Firstly, individual states, county councils and local development schemes do still offer grants for new small businesses, and the federal government is still offering plenty of assistance and advice in regards to starting or expanding a new business. It is also well worth looking at the options available to you in regards to small business loans backed by the SBA (The US Small Business Association), a governmental body dedicated to offering free advice and help planning, developing and training with new businesses. They can certainly help you set up extremely low interest loans in place of a grant, and they have helped thousands of people across the country build up their businesses and aim for success.

Stay local

On a local level, there are still plenty of government grants available to new businesses, and many people have benefitted greatly from applying for a grant from their city or county council. If your business is likely to improve your local area in some way, and particularly if it is of some benefit to minority groups or a rural area, you have a good chance of being awarded a grant. Most local authorities have certain criteria to meet, to ensure that minority groups, female-led businesses, and businesses aimed at improving rural areas get a head start in their bid for success. That isn’t to say that if your business plan doesn’t fit these criteria, you won’t be at all considered for a grant – just that it might take a bit longer to process your application, or others may be put before you in the queue.

Perfection and professionalism

Applying for government grants in these times is never really an easy process, but if you are determined to go through the paperwork and apply for one, make sure your papers are in order, your calculations done to perfection and your application is as professional as possible. All these things can greatly help your chances when the time comes for your grant officer to look over your proposal.

This article is written by Jon Emge who is a Senior Debt Advisor writing for a range of financial sites including www.debtadvice.net and www.debtmanagement.co.uk