Your Money Guide to Free Government Grants

Anyone thinking about going into business for themselves, or
wanting to expand an existing business should rush for the
world’s largest “one-step-money-stop” where FREE MONEY to start
or expand a business is being held for you by the Federal
Government.

It sounds absolutely incredible that people living right here in
the United States of America wouldn’t know that each year the
world’s largest source of free business help delivers:
* Over $30 billion dollars in free grants and low interest loans;
* Over one-half trillion dollars in procurement contracts;
* Over $32 billion dollars in FREE consulting and research
grants.

With an economy that remains unpredictable, and a need for even
greater economic development on all fronts, the federal
government is more willing than ever before to give you the money
you need to own your own business and become your own boss!

In spite of the perception that people should not look to the
government for help, the great government give-away programs have
remained so incredibility huge if each of the approximately 8
million businesses applied for an equal share, they would each
receive over $70,000.

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

HOW TO FIND FUNDING SOURCES WORTH BILLIONS

As with all grant seeking, the key to obtaining grants is
preparation and knowledge about funding sources. Preparation
means identifying programs that are available, and determining if
you fall within their restrictions.

The following sources will be invaluable to you in locating
thousands of sources of FREE MONEY

FEDERAL REGISTER

This daily publication contains changes, proposed changes, and
notices about rules and regulations affecting all government
agencies and their programs. Federal agencies must publish the
program description, eligibility requirements, and program
guidelines in the Federal Register. For current subscription
costs write to: Superintendent of Documents, U.S. Government
Printing Office, Washington, Dc 20402.

CATALOG OF FEDERAL DOMESTIC ASSISTANCE

This publication lists a complete description of every program in
the federal government that makes funds available to private
business. Write to the U.S. Government Printing Office,
Washington, DC 20402.

COMMERCE BUSINESS DAILY

This publication contains a daily listing of U.S. Government
procurement invitations, contract awards, subcontracting leads,
sales of surplus property, and foreign business opportunities.
For current annual subscriptions costs write to the
Superintendent of Documents, U.S. Government Printing Office,
Washington, Dc 20402.

THE FOUNDATION CENTER

888 Seventh Avenue, New York, NY 10019, will provide you with a
listing of philanthropic foundations.

FREE FEDERAL MONEY GIVEN AWAY TO ASSIST BUSINESSES
GRANT MONEY FOR BUSINESSES IN POOR ECONOMIC AREAS

Contact the Economic Adjustment Division, Director, Economic
development Administration, Herbert Hoover Bldg.,Rm. H7217,
Washington, DC 20230.

GRANT MONEY FOR MINORITY BUSINESS DEVELOPMENT

Grants are awarded up to $2 million dollars to stimulate business
growth. Contact the Minority Business development Agency,
department of Commerce, Washington, DC 20230.

FREE MONEY TO PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED
BUSINESSES

Management and technical assistance is provided free to
disadvantaged business. Contact the Associate Administrator for
Small Business, 1441, L Street, NW, Rm. 602, Washington, DC
20416.

GRANT MONEY FOR INVESTORS IN RENTAL APARTMENT BUILDINGS WHO ARE
IN FINANCIAL TROUBLE

Contact the Chief, Program Support Branch, Management Operations
Division, Office of Multi-Family Housing Management, department
of Housing and Development, Washington, DC 20420.

GRANT MONEY FOR WOMEN’S ENTERPRISES

Up to $200,000 dollar grants are awarded to women in business
annually. Contact the Grants Management Office, Small Business
Administration, 1441 L Street, NW, Washington, DC 20416

GRANT MONEY FOR REAL ESTATE INVESTORS WHO RENT TO ELDERLY OR
HANDICAPPED PEOPLE

Contact the Director, Office of Multi-Family Housing Management,
Dept. of Housing and Urban Development, Washington, DC 20410.

GRANT MONEY FOR INDIAN-OWNED BUSINESSES

Contact the Office of Indian Services Director, Bureau of Indian
Affairs, 18th & C Streets, NW, Rm. 4600, Washington, DC 20240.

FREE STATE GRANT MONEY

There simply isn’t enough room in this report to begin listing
all the FREE MONEY programs that are available from the federal
and state governments. We can tell you however, the general types
of programs that are available and where to begin.

As you contact different agencies for grant money, learn not to
accept “no” as a final answer. There are so many new programs
being offered each year that often an agency’s own employees
won’t be aware they are offering the one you ask about. If being
persistence doesn’t help, get in touch with your Congressman and
let them track down a program that meets your needs.

TYPES OF PROGRAMS THROUGH STATE & FEDERAL AGENCIES

FREE MONEY

Usually through direct grants that do not have to be paid back.

BUSINESS CONSULTING

Free management advice is offered on almost every business
subject by the Department of Economic Development to minimize new
business start-up management costs.

BUSINESS SITE SELECTION

State hired specialists are available to assist new entrepreneurs
select the best possible location for their new business.

MANAGEMENT TRAINING

Most states will assign specialists to work with a new business
with one-on-one management training.

EMPLOYEE TRAINING ASSISTANCE

This program provides FREE MONEY to train employees. FREE MONEY
is also available to send employees to school.

RESEARCH & DEVELOPMENT GRANTS

FREE MONEY is available to attract high-tech related companies.

PROGRAM CONSULTANTS

States have highly trained management consultants who will locate
Federal Grant Programs to help you through the application
process.

FORMS & DOCUMENTS

State professionals will help a new business owner apply for
permits, licenses, or any other legal document a business may
require.

VENTURE CAPITAL FINANCING

This method can provide FREE MONEY in the sense you wouldn’t have
to pay it back. You would, however, probably have to give up part
of the ownership of your business in order to receive financing.
Most states have their own venture capital finance firms that
invest in high risk businesses.

MINORITIES & WOMEN

FREE MONEY grants are available in most states for women or
minorities who want to start a business.

LOW INTEREST LOANS

A state may raise money through industrial revenue bonds to buy
your fixed-asset equipment. The public, which invest in these
bonds, do not pay taxes on the earned interest. When a low
interest loan is granted, the state does not guarantee that
investors will get their money back if the business fails. If a
state issues a general obligation bond, a public investment is
then guaranteed. the states will also make direct loans at low
interest, or even co-sign a commercial bank loan. If a state
co-signs a loan for you, it may subsidize your interest and
reduce an already low-interest rate lower yet.

SMALL BUSINESS DEVELOPMENT CENTERS

Every state has Small Business development Centers who can match
you with the right FREE MONEY grant program. All development
centers offer free counseling to anyone wishing to start or
expand a business. Their services are varied but include; FREE
seminars, workshops, business planning, feasibility studies,
marketing research, management analysis, sales technique,
financing, exporting, inventory control, accounting, record
keeping, and grant application. Whatever your questions about
FREE MONEY grants or starting a business, refer to your telephone
directory under State Offices and contact your Small Business
development Center.

GETTING FREE MONEY FROM VENTURE CAPITAL SOURCES

A venture capital company is another source for FREE MONEY in
financing your business plans. But since they are willing to
assume some risk by investing in your business, they also expect
some equity in the business itself.

Venture capital companies invest in projects they feel will be
successful and bring a return on their investment. If you are
interested in asking a venture capital company to invest in your
business refer to your telephone directory under Venture Capital
Companies or Investment Companies, and contact those who are in
the same area you want to start your project in.

SMALL BUSINESS INVESTMENT COMPANIES

Small business investment companies can provide your business
with the capital it needs by; 1) giving you a free loan; 2)
making a stock investment in your business; or 3) offering a
combination of the two.

Small business investment companies are in the business of making
money just like any other business. The biggest difference
between them and another investor is:

1) They are privately managed firms who are licensed and
partially financed by the federal government’s Small Business
Administration.

2) All of its transactions are regulated by the government.

3) Their success depends on the growth and profits of companies
they own stock in. They often give money in exchange for
stocks.

4) Their loans usually carry lower interest rates than commercial
banks.

5) Straight loans repayments are carried over a longer period of
time.

6) Most businesses are eligible, especially if they are 50%
minority owned.

For a complete listing of the thousands of Small Business
Investment Companies, visit your local library and ask for the
SBIC Catalog. Study the catalog and note the companies that
specialize in your area of interest. Then write them and request
more information on what they have to offer.

WRITING A SUCCESSFUL GRANT APPLICATION

To write a successful grant application for FREE MONEY it should
be well planned. You should be familiar with exactly how a
particular agency prefers to have their grant proposals
completed. If you have no experience in writing grant proposals,
this is another area where your Small Business development
centers can help.

WORK CLOSELY WITH THE FREE MONEY GRANTOR AGENCY

Once you decide which government agency you want FREE MONEY from,
contact them and ask for a grant application. Get to know some of
the grantor agency personal. Experts love to talk about their
programs, so ask for advice, suggestions, and criticisms about
your proposed project.

In most cases, the more the agency knows about your grant
proposal, the better your chances will be of getting support from
the personnel who ultimately approve your FREE MONET request.

Often it is to the grantor’s advantage to send their grant
proposal summary to an agency official they have developed a
contact relationship with, and ask them to review and return it
to you with their comments. Be certain this approach is
acceptable with your agency. You wouldn’t first want a first
draft mistakenly processed before it was finished.

Making a personal visit to the agency’s office in your area is
also important. Face to face contact will help you understand
eligibility requirements, deadlines, maximum FREE MONEY amounts
you can apply for, and other details you want to know about. You
can also utilize an agency’s library and determine through books,
brochures, and conversation if there are other agencies you could
apply for FREE MONEY. there is nothing that says that you can’t
apply for, two three, or more FREE MONEY grants at one time!

ESTABLISH YOUR OWN PROFESSIONAL NETWORK

Do some networking and maintain continuous contact with people
who can gather information for you about FREE MONEY GRANTS.
Nothing can be substituted for personal contact with the decision
makers who are in charge of grant programs. Learn to use your
personal influence (and theirs) to achieve your goals.

The US. Government Printing Office maintains a wealth of
information that people never take advantage of! Write to them
and ask for a copy of the “U.S. Government Directory” and ask for
a list of books, brochures, and documents that covers your field
of interest. Tell them you are especially interested in obtaining
information about FREE FEDERAL MONEY that’s available to private
citizens.

Remember, “FREE FEDERAL MONEY” doesn’t mean you have to travel to
Washington, DC. It just means finding out where the agencies are
within your own state and local government. The contacts you want
to make may be only minutes away.

About author

SMB Reviews
SMB Reviews 473 posts

SMBReviews is committed to providing small and mid-sized business owners with the information and resources they need to select the best service or product for their company.

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