- The Small Business Administration (SBA) is the "small business watchdog" of the federal government. Although grants are not typically offered through the SBA for entrepreneurs to start their businesses, "grant programs that SBA does offer are primarily designed to expand and enhance organizations that provide small business management, technical or financial assistance."
- Funding for small businesses is sometimes available on the state or local level. Check with your state's economic development commission or small business department to learn what funding is available.
- Though for-profit organizations might find it difficult to obtain grant money, certain nonprofits might be able to get matching funds. Grants for expanding child care centers or for creating energy efficient technology are some of the funding opportunities available.
- Although technically not a grant, because you agree to provide a stake in your business or a portion of the profits, venture capitalists will sometimes provide seed money to help launch your enterprise.
- Consider low-cost loans from financial institutions to help establish your business. Be mindful if offering your home as collateral as you could lose it if your business fails.
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