Comments on: Small Business Loans and/or Grants for Minorities?

By: jdkilp

jdkilp — Fri, 23 Jul 2010 04:48:47 +0000

There are essentially only 4 sources for grants. A little known fact it that you do NOT have to be a non-profit to get a grant, regardless of what others tell you … I’ve helped for-profits apply for grants.

Federal grants are called Small Business Innovation Research grants. These are given primarily for some new innovation. You can find out what’s available at:
http://www.sbirworld.com
There is also info on this site about how to apply.

Some cities offer grants to small businesses if they will locate in the downtown area, for the purposes of building up downtown traffic. Check with City Hall.

There are some governemnt grants for minority businesses. You can find info at:
http://www.mbda.gov

Finally, private foundations offer grants. You can get a list of most US Foundations and private grant sources at http://www.foundations.org/grantmakers.html.

By: John Loves Jenn

John Loves Jenn — Fri, 23 Jul 2010 04:48:47 +0000

Small Business Administration (SBA)
Tips on starting, expanding, and financing your business from the U.S. Government.
http://www.www.sba.gov

————————–
Beware of Advance fee Loan scams.
LOAN SCAM – Do Not Pay UpFront Fees.
Do not send money UpFront via Western Union or MoneyGram to any person

or business in the UK, Nigeria or Canada in hopes of getting a loan. If

you do you will learn a hard lesson & never see any Loan money.

Remember, if it sounds too good
to be true, it probably is! NEVER give out your personal information to

strangers online! Always be on guard.
Please be aware. You have been warned!

By: raj A

raj A — Fri, 23 Jul 2010 04:48:47 +0000

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