Government and Grants – The Myths

There are many people who seek grants in order to start their small businesses. However, most of them are looking in the wrong place. Actually, the government does not offer grants to businesses, but rather to non-profit organizations that are responsible to in turn offer this money to new entrepreneurs. When looking for financing to start a new business or expand your current one, you will be better off going directly to these non-profit organizations.

Some agencies will even offer grants to help entrepreneurs write up their business plans. These grants can cover attorney’s fees or CPA costs to produce the documents in order to facilitate your search for financing. In truth, if you are thinking of applying for a Small Business Administration federal funding grant or any other loan (even from some banks), you will need a comprehensive business plan. There are many programs that are offered by state or local governments in order to assist small businesses in the writing of a business plan.

Grants are available at several places, but it may be a daunting task to find one if you are a beginner. However, you should never pay to get this type of information. Do not be fooled by some resources on the Internet that will ask you to pay a fee to obtain a list of agencies that offer loans. Most of the time, this information is not accurate and you will only lose your money. The best place to begin your search is the library, where you can consult reference documents that contain timely and reliable information. If you are not familiar with the library setting, you can always seek the help of the librarian.

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