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PROGRAM SUCCESS – JANUARY 2009
BUSINESS GRANTS
THE BAILOUT FOR
SMALL BUSINESSES?
Columbus, OH - According to Business.gov, a web site
managed by the United States Small Business Administration, the federal government does not provide grants for
starting a business. However, the web site further reveals
that they do provide some financial support that makes it
easier for small business owners to obtain low-interest
loans and venture capital financing.
While it is very notable that the U.S. Government has some
type of financial help for small businesses, the questions
remains: If the federal government isn’t giving out actual
business grants, then who is?
The answer is simple. State governments, city governments, counties, community organizations, and major
corporations all give out business grants. Some are done
monthly, and others do so on a annual basis.
At a time when major corporations are receiving federal
bailouts, it is very common to see small businesses looking
for financial assistance as well. Unfortunately, a bad economy makes it near impossible for many to even qualify for
loans - let alone venture capital. So the only bailout that
small businesses can really turn to are, in fact, business
grants.
The difficulty, though, with business grants is that the
opportunities are generally not heavily publicized. Secondly, those searching for business grants through the web
can find themselves in an endless pit of information that is
either expired, a scam, or just plain useless.
The National Institute of Business Grants (NIBG) has
recently launched a site at www.Business-Grants.com that
educates entrepreneurs and business owners about business
grants. They can learn what exactly they are, how to apply
for them, where to find them, and other FAQs. The site also
features a listing of relevant resourc