Can you get Free Money & Free Grants for your Small Businesses?

Business owners often call the SBA and inquire about free money and grants.  You have likely read or heard the offers on infomercials.  In most cases, the information is incorrect and misleading.

SBA and most other funding organizations across the nation do not provide grants or “free money” for starting or developing a small business.  However, there are certain types of grants available for targeted groups, organizations, or activities.

For example, SBA has funded grants and contracts to help small businesses develop and maintain a drug-free workplace.  Most likely your business won’t qualify if you don’t have at least 50 employees.   These awards went to nonprofit organizations and SBA Small Business Development Centers (SBDCs) who demonstrated the ability to assist in this effort. SBA also facilitates the SBIR program, in which federal agencies award research and development grants to high-technology small businesses.

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Just remember, nothing in life is FREE. If you are starting a business you should have a detailed business plan. Don’t let your emotions stand in the way of your success. The impulsive buying period is over for consumers. If you have a cool idea, such as selling a cute teddy bear online, you should think hard before launching that product. Your online sale won’t most likely won’t exceed satisfactory levels. You will need to submit your products to several large retailers and sell through them for any reasonable results. Our business insurance clients are in two categories. Those who don’t exceed $60,000 in annual sales and those who are $250,000 and above.  Business Insurance is also an important part of your success.  Having the wrong policy is like having the wrong accountant.

Interested in getting a Business Insurance Quote? Take a look at our rates, our minimum premiums starts from $350.

Tags: new business startups, SBA, small business administration, small business insurance

This entry was posted on Thursday, October 6th, 2011 at 11:19 am and is filed under Small Business Administration. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.