When starting a new business most people can use all the help they can get. The good news is that help is out there. Our very own government can be a great resource for assistance to aspiring entrepreneurs. You may wonder in what ways can they help you get started. Here are a few areas that the federal government offers help in getting your new business off the ground.
First of course, most need money to start a new business. The government can help you get the cash you need in two ways. The first and most often used option offered is a loan. The government has hundreds of millions of dollars in funding set up for small business and entrepreneurs. There are loans created specifically for low-income businesses, handicapped individuals, military veterans, minority & women-owned businesses and many more specifics.
The second option for funds would be one of the fifteen hundred grants that are available through fifty-two government agencies. Grants are separated and grouped by state and business category. Such categories include but are not limited to agriculture, real estate, general business and numerous other specific categories. You can also find grant money for the research and development of your business. Many of these grants start at five thousand dollars and can go as high as the six figure area.. Best of all these do not have to be paid back. It’s like receiving FREE MONEY!
So you know that money can be found, but what about other assistance?
The government has this covered also. They offer assistance for small business expansion, development and renovation. There are fifteen hundred government sources to provide the needed assistance for small businesses. A great place to begin looking for this information is the Small Business Administration or SBA. You can find the local office in your phone book, online or at the help desk at your local library. Through the government you can receive counseling, training to improve skills to help manage and operate your business. There are various advisory services available to you like labor management skills if your business will have any number of employees. All of these services can offer you invaluable knowledge whether you’re beginning in the business world or an already established business.
Naturally, there are some forms and guidelines that are to be completed but the help is there and can be quite comprehensive. For some examples of these forms and more detailed information you can read source books on finding small business help from the government as well as from private foundations. These books can be found at your local library also.
There is so much the federal government can do to help you get your business up and running. It’s just a matter of taking the time to find your local sources and getting the process started. Be sure to take advantage of these offers. It’s not everyday someone will hand you free money that will go toward making yourself even more money. So don’t wait if your ready to get your business off the ground, get the process started and you’ll be well on your way to a flourishing, successful business.
To Your Success,
Todd Thomas
President,
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