Government Grants For Women – Winning Tactics
You have arrived here to read this because you are looking for more information on getting government grants for women? Most experts would agree that this has to be one of the most ideal financial ways to create your business by using grant money. The trend seems to be toward the giving of grants to those who start their own small businesses while also contributing to the economy at large. The federal government will give Business grants to people who qualify. Since they don’t have to be paid back grants differ from loans.
Choose a Business Loan Or Business Grant?
Another differing point about grants is that they don’t specify credit checks, collateral, security deposits or co-signers. Most of the time what IS required from you is to send them periodic progress reports which will inform them on the progress of your specified goals as found in your application. This is to make sure funds are being used as previously specified. Look into the links presented in the resource box if you want more information on this.
Women’s Business Grants Defined
Women can run a business outside of the home or a home-based business by utilizing business grants. They can be used to:
1) Start a new or expand an existing business. 2) Equipment financing. 3) Acquisition of a new or existing business. 4) Office Rent. 5) Salaries and related expenses. 6) Office expenses and overhead.
Encouraging business growth and promoting woman small business owners is who these are generally given to. Keep in mind you have to be at least 18 years old to be eligible.
Purpose Of Governments Grants
One great way to turn the dreams of an entrepreneur into reality and support a business idea is to use a grant. The types of grants offered by the government include but are not limited to:
1) Housing grants. 2) Education grants. 3) Individual grants for personal necessities. 4) Business grants for starting a new business.
Keep in mind that the listed grant types were just a small sample of the whole. The end of this article has a resource box that can be followed for more information.
Business Women And Business Grants
There are grants for women to buy existing businesses. Another way to qualify for a government grant is to excel in your respective field. Attending business school is another great reason to qualify for a grant. Keep in mind that you do NOT have to repay a business grant to the funding agency or the government.
Women And Government Grants
Studies have shown that up to seventy five percent of women small business owners tend to be successful. Add that to the fact that as a group when applying for government grants women have the biggest advantage. In fact specifically earmarked for women are several business grant types. Small business grant funding does come with some limitations that haven’t been discussed here. For a lot more information on this and grants in whole see the resource box. Just remember you may have to go in front of a foundation or a governing council’s grant board to get your funding. Small price to pay for your self employment isn’t it? When are you going to get started?