How to apply for Government Grants for Starting or Growing Small Businesses

Introduction

People who are underprivileged or are not able to make their ends meet can apply for Free Government Grant that may be sanctioned through an application form. The grants that are provided by government are simply for the reason of helping those citizens who are unable to live a proper life or are in need of money due to financial crisis or lack of money. These grants are also provided to education societies so that they can distribute scholarships to brilliant students. Also those students who are in the middle of financial crisis are given special education grants so that they can complete their education and the unavailability of money does not create hindrance. Similarly, those people who are jobless and want to create their own businesses. The Business Start-up Grants are there grants only and they encourage entrepreneurship. One looking to seek benefits first should have an excellent idea and then the prowess to execute it. If all this is there then getting the money sanctioned might not be a difficult task to take place. The government distributed this money as this grant so that entrepreneurship skill of a person does not go waste in search of initial amount of money. Since there is quite a risk involved in this therefore it is like a gamble that the government takes just on the basis of an individual’s zeal. Women who been left alone by their husbands or are divorces and have children who are totally dependent on them are helped by the federal government in the form of Small Business grant for women so that they can earn their living with dignity. The amount that they receive is enough for starting a small business that is enough for their living. This makes them self dependent and also make their lives a little bit comfortable.  The free grants are fro organisations and public societies which keep a check in improvement of some sections of society. These are not really free grants as there is a particular amount that has to be returned to the government. One can get them sanctioned for their researches if they are able to show the government that their research is for the people only and not their personal benefits.

Getting them sanctioned

• For a Business Grant for Women an individual has to show the income certificate with the application form.
•  In case of no income at all women should attach their qualification certificates which will help them to seek these grants.
• It is imperative for women to check their mails and letters continuously because these grants are given within a stipulated time only and requests of application arte not entertained after the due date is over.
•  The form for business grants should be attached with the ideas of business and the prospects of it blooming to what extent.

Tips

The application form has to be a fully detailed one should have everything in it to convince the officials who sanction grants

How you can Win a Government Grant

Introduction 

The money is an important factor in all kinds of social happening. The money is a commodity which people like to save for their future but sometimes even their saved money does not do good as sometimes immediate demand of money for some work arise which can only be solved by the Government Grant Program. The government knows and care about its citizens. They know that their citizens might come up with a need of an amount of money in case of emergency or for an investment. There are situations in which a bulk amount of money is required and in most of the cases it is not available at all. To get these grants one needs to fill the Applications for Grants. Though this task looks to be a daunting one but if one’s need is a genuine one and has everything to prove it then getting them should not be a difficult task at all. The grants for which one can apply are totally dependent on the type of person and the work with which the association of the person is. One can apply for Free Government Grant by filing an application from for this type of grant. First of all one has to understand that this grant is not really a free one as it looks like and is also not given to individuals in most of the cases. These are given to organisations and public workgroups which work for the society. These are for colleges and universities who have underprivileged students studying in them. If one has go it sanctioned then there may a case that one has to return a stipulated amount back to the government in a given period of time. People who do research can get these free grants for their research if they are able to convince the government that the research they are doing will become a beneficial thing for the society if it completes and successes 

Form of application

1. The form of application might have many columns that require proper information to be filled in it.
2. One should not get worried of it and should fill it properly.
3. People who think that they can fill anything in those columns and the government will not check it thoroughly get themselves wrong only because the government gets all the forms checked thoroughly.
4. The application should be filled in such a way that the government officials feel that the person who has applied for it is in genuine need and requires immediate help.
5. Individuals who apply for business grants have to fill full details of their objective and their methods.
6. The form should include the ideas and the goals one is setting to climb the ladder of success.
7. Applications for Grants should be submitted inside their due date. 

Tips for applications

Most importantly one has to show to the government the idea is a potent one and helpful for society too.

GOVERNMENT GRANT – A SPECIAL HELP BY GOVERNMENT

Government grants are assistance by government in cash or kind to an enterprise for past or future compliance with certain conditions. They  exclude  those  forms  of  government  assistance  which  cannot reasonably  have  a  value  placed  upon them  and  transactions  with government  which  cannot  be  distinguished  from the normal trading transactions of the enterprise. Grants are not benefits or entitlements.

Types of Grants

There are many types of grants. Some of the main among them are as follows:

1.      Business Grants – The grants offered by the government for business purposes are called government business grants.

2.      Education Grants – The grants offered by the government for education purposes are education grants. For example grants for college, grants for school, and grants for universities.

3.      Agriculture Grant - The grants offered by the government for the enhancement of agricultural activities are called agricultural grants.

4.      Health Grant – The grants offered for the health services are called heath grants.

Who is eligible for grant?

Government grants do not offer money for personal financial assistance or debt. There are many groups of organizations that are eligible to apply for grants.  They are

1.      Government Organizations – State governments or local governments are eligible for grants.

2.      Education Organization- Independent school districts, Public and State Controlled Institutions of Higher Education and Private Institutions of Higher Education are eligible for grants.

3.      Public Housing Organizations – Public housing authorities and Indian housing authorities are eligible for grants.

4.      Small Business Organizations - Small business loans and small business grants may be awarded to companies that meet the size standards that the U.S. Small Business Administration (SBA) has established for most industries in the economy. The most common size standards are as follows:

·         500 employees for most manufacturing and mining industries.

·         100 employees for all wholesale trade industries.

·         $6 million for most retail and service industries.

·         $28.5 million for most general & heavy construction industries.

·         $12 million for all special trade contractors.

·         $0.75 million for most agricultural industries.

5.      Individuals - An individual submits a grant on their behalf, and not on behalf of a company, organization, institution, or government. Individuals sign the grant application and its associated certifications and assurances that are necessary to fulfill the requirements of the application process. So, if you register as an Individual, you will only be able to apply to grant opportunities that are open to individuals. An individual cannot submit a grant application to a grant opportunity that is just open to organizations.

Points to consider while applying for grants – There are some points which should be considered before applying for grant. They are

1.      Describe the criteria for success.

2.      Explain what will occur as a result of the proposed activities – be clear and concise.  At this juncture, identify and describe both the short and long-term effects and/or benefits.

3.      The most recent financial statement from most recently completed year, showing actual expenses.  A balance sheet or statement of income and expenses is required.

4.      Organization’s budget for current year, including income and expenses.

5.      A non-profit submitting a grant application will need to provide a list of corporations and foundations it is seeking additional funding support, with dollar amounts, indicating what sources are committed or pending.

Benefits of Grants

The most important factor for which a student looks for when takes admission in a college or a school is whether he will get Education Grants or not. These grants are considered very vital for the people, especially for those, who are really in need of it and are fighting their way out from the problems of poverty and unemployment. These grants help an individual to cope up with these problems and get the education qualifications which he would not have been able to achieve if he did not get those grants. Hence they are very much beneficial for the deserving individuals and are being provided on a regular basis by an organization. Some people will have a question in their minds that what actually these grants are and how do they help the people needing it. Well the answer to this question is quite simple. People who do not have enough investment with them so that they can continue their studies are provided with some financial help by certain organizations which help them to regain their studies with the same enthusiasm. These organizations are generally governmental bodies. Sometimes non governmental organizations also take interest in the good work and provide the people with such education grants. There is a proper procedure followed before allotting these grants to the people. This is done so that the capital goes into the hands of the deserving candidates only and no one with fake details gets the help. The procedure is quite lucid and clear. Business Grants As the student thinks of his scholarship, the entrepreneur has to think about Small Business Grants which would help him to start his business with a new direction and zeal. It is quite true that to start a business an idea which would serve the purpose, is needed. One has to have an excellent plan in his mind for starting a new business. Moreover, along with the plan another important factor is also needed for the success of the business. That factor is the capital or the financial help which would be needed at every small step of the business activity. For proper execution of the plan, one needs to have a large sum of money to start with. For such people, who do not have any financial aid but a good business mind, the government gives away a stipulated amount of money as help. This help is given after complete investigation of the position of the businessman and also he has to satisfy a set of criteria before he is actually eligible to receive the Federal Grants from the government. Also it found guilty of misusing the help provided by the government, an individual may be punished by law. Important Points regarding educational qualifications, one should be totally aware as if when to apply and where to apply. One can apply at multiple places for the grants and he may get the help from the organization which responds first to his request. Moreover while taking Small Business Grants one should be extremely careful because the government keeps on checking upon the receiver on a regular basis.

College Grants for Your Profit

Grants are basically provided in the form of money or some other help which is needed to the needy person .It can be done either by the government or by the governing council of the particular field.

A way to help the needful ones

Definitely it is the way to help the needful person who is really in need of financial help or any other type of help which he or she really want to have in order to grow within the society. This grant is basically can be of many types as one of them is the college grant. College grant is basically the financial help given to needful students so they can be also be able to study in the various schools and colleges around the country and also abroad. This grant can also be in the form books and the various other needful things that are really needed in order to study well. Also these grants can be given either by the government or by the institution itself to the needful ones. Government has been running many types of College grants to help such needful students but the thing is that whether it is reaching the proper ones or not. This can be taken care by the institution by itself. Also the other type of the grant is the Commercial grant that can be given in the form of financial help only .It is basically for those types of persons those who want to setup their business on a some small scale or even the medium scale .So the commercial grant is given to them but the difference here is that this grant has to be repaid after well establishing your business after some fixed period of time. Also there will be some interest over all these commercial grants as they are commonly known as the loan amount that has got some rate of interest which has to be repaid to the payee bank after some fixed amount of time. So we needs to pay this amount to the bank.

Various features

Also it is also clear that these types of grants are basically the government grants , as all the above two are given by one or other  means of the government .But there should be special care should be taken that these help in the term of finance or some other thing is reaching the proper person or not. If it is not reaching the proper ones then it should be complained to the higher officials in order to maintain the transparency within the complete system. As it is our duty that we should try to repay this amount to the government one we are capable enough to do so honestly.

Other Content

So it is clear that all the above three types of grants that is College Grants, Commercial Grants and Education Grants  are really necessary for the growth of the society and the growth of the complete nation. But there should be special care must be taken in order to provide these grants to the needful persons only so that this grant is not misused by some people of the society.