Business Funding Secrets
Business Funding Secrets

Grants for Funding Projects



 

Grants are provided by federal and state government agencies, corporations, private companies, trusts, foundations, and other organizations. Unlike a business loan, grants are financial assistance, which does not need to be repaid.

 

The use of funds from the grants should be for projects such as research activities, worthy causes, projects that benefit the public, or educational endeavors. Although the grant may come with some provisions of reporting and compliance, there is not usually any recourse or liability for failure to perform. Usually the funding will be for specific projects under a fixed period of time.

 

Business Funding Secrets web site was developed to provide tips and techniques for business funding. Due to the number of ads about Grants and Free Money on the Internet, we have seen an increasing number of requests for this “free money.” Understand that although there are a number of federal, state, and private organizations with grant programs, these grants are usually reserved for non-profit organizations, and projects that benefit the community. Grants are not generally for starting or expanding a small business, paying off debt, or for covering the operating expenses of a small business.

At the Small Business Administration web site it states specifically, “SBA does not offer grants to start or expand small businesses.”

 

Along with some misinterpretations about what grants can be used  for, there has also been an increasing number of absolute false presentations about grants. Scams revolving around grant “free money” can be found many places online. You may be contacted by mail or e-mail with statements saying something about how you have been magically awarded free money from the government. Everyone can use free money, so the ads can be tempting, so be aware. Also, don’t fall for the line that you are guaranteed to receive a grant with a minimal up-front fee. Check out the links about grant scams near the bottom of
the page of Sources of Grants.

 

Free information regarding grants is easily accessible through the various government web sites. With minimal effort you should be able to find information without the need to pay an up-front fee.

 

Tips:

 

1. Take precautions with any advertisement that claims free money.

 

2. Don't provide sensitive personal or corporate information without having first done your due diligence, including contacting the BBB and other organizations.

 

3. Obtaining a grant involves an application process. Calls or letters out of nowhere stating you are a recipient of a grant is a red flag.

 

4. Grants are provided for specific purposes. Make sure your project fits within the Grant Makers parameters.

 

5. Before applying anywhere, or paying for any grant
information, you should search the federal and state government web sites for information about grants.



 

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View our Sources for Grants.

 

 

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School Grant Programs

 

With the economic down turn many school districts are
experiencing some financial difficulties. If you know of legitimate grant programs from the private industry, whether it is supplying technology, books, or money please let us know, so as a public service we can post those school grant programs.

 

Hint: If you own a company that makes products that schools could use, you should consider developing a grant program. This could be a great public relations tool for your company. It never hurts to develop strong relationships with both customers and the public during economic bad times.



 

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Business Funding Secrets provides business lending secrets, tips, and techniques for business owners seeking business loans and venture capital. You can access important business funding information www.BusinessFundingSecrets.com

 

 

 

 


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