North Carolina Government Small Business Grants-Free Start-Up Grants

North Carolina Government Small Business Grants-Free Start-Up Grants

If you are starting a small business or have an existing one and need an infusion of seed money or development resources, follow a number of steps to acquire these revenues. First, determine if you have any friends or family who are interested in bankrolling your business with a personal grant that does not require repayment. Next, investigate North Carolina grant possibilities and angel investor opportunities. Last but not least, look to federal government resources for grant-based work.

North Carolina Opportunities

The state Department of Commerce through Business Link North Carolina (BLNC) does not make grants directly to small businesses for capital use but does benefit small businesses through community development grants to certain neighborhoods. In 2010, the state had four grant systems focusing on Appalachia, community block grants, industrial development through municipalities and tourism matching grants. A few state government agencies, like the Board of Science and Technology, provide matching funds for businesses that receive government contracts; these funds do not have to be repaid. A number of other state programs are available through the BLNC that lend money to small businesses with generous payoff terms and low interest.

Federal Opportunities

Even though the U.S. government does not grant money to small businesses for seed purposes or capital expenses, it does have a system of small-business contract and grant set-asides. Both fedbizopps.com and the Small Business Administration's SUB-Net list government contracts and contractor sub-contracts, many of which are set-aside for small businesses. The only federal grants available to small business, in North Carolina or elsewhere, are the Small Business Innovation Research (SBIR) Program and Small Business Technology Transfer (STTR) grants. These are research grants available to small businesses proficient in various fields such as medical device, behavioral science, biochemical and other mostly health-related research.

Private Investor Opportunities

In 2000, a group of small business owners created the Idea Café to help and inspire other small business owners. Each year, they pool some money and make one or more $1,000 grants to entrepreneurs for seed and capital resources. The value-added of an Idea Café grant is the business and marketing support the group gives awardees. For larger amounts, look to the state's angel investment networks; almost every state has at least one and in 2010, North Carolina had six: Blue Ridge Angel Investment Network, Eastern N.C. Investor Network, Inception Micro Angel Fund, Piedmont Angel Network, Triangle Accredited Capital Forum and Wilmington Investor Network. Angels typically invest in businesses for profit but occasionally make payback-free grants.

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Grants For Black Women to Start a Business-Grant Fund Application Startup

Grants For Black Women to Start a Business-Grant Fund Application Startup

Grants are available to people that are starting businesses, particularly people that are considered to be disadvantaged. African American women fall under this category and for them, acquiring grants is typically very attainable so long as they follow the steps outlined in this article. In order to qualify for the grants the business must be at a minimum, 51% minority owned.

The first step in acquiring grants for black women to start a business is to write a solid business plan. This is critical as it allows for credibility to your business, for in the early stages without any hard data your business is just an idea. It is important for this idea to seem concrete and well formulated to lend credibility to the undertaking.

Next get your Sec 8(a) certified which is for disadvantaged minority business owners and makes it a lot easier to get your grant approved. You will want to attain this through the Small Business Association. After you get your certification from the Small Business Association get your DUNNS number which is used by federal organizations to organize where they grant funds and is necessary for any federal funds the business is to receive. Finally you will register your business at the government grants website.

After you have completed the above steps you should be set to begin receive your government grants. The only thing left is focusing on your business and finding the most effective means for spreading the word. You will definitely want to look towards the internet as a way to market in an inexpensive and effective way.

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Small Business Grants For Disabled Veterans-Start-up Grants For Free

Small Business Grants For Disabled Veterans-Start-up Grants For Free

If you are a disabled veteran in or starting a small business you should be aware that you will have to be creative in locating grants. An abundance of websites will promise you that there are a plethora of federal, state and other grant opportunities, but most of these sites will guide you toward loan applications or other business ventures that you will be required to pay for. Therefore, focus your grant search in areas where you have expertise, that require minimal changes to your company that will qualify you for a grant, or specific populations that you may serve.

Federal Grants

Contrary to popular belief, the Dallas Public Library assures patrons that there is no federal grant in existence for just opening a small business, whether the individual is a disabled veteran or not. Currently there is one federal grant that specifically is for the training and entrepreneurial endeavors of disabled veterans, but that grant is awarded annually to the Small Business Administration to provide training to veterans. However, grants are available for specific businesses within certain areas of industry from the federal government, provided that you meet the criteria of the grant. An example of this would be federal grants for child care centers, which are offered in regard to construction, nutrition or providing specific services to high risk groups.

Technology Grants

CNN Money indicates that there are more grants for small businesses that are related to the technology field than are found for most other types of businesses. These grants, however, are not exclusively for disabled veterans, but provided to any company that meets the grant qualifications. Some of the companies providing these grants include TechColumbus, Ben Franklin Partnership and the Maine Technology Institute. Depending on the specifics of the particular grant, small businesses that develop certain technological advancements, or businesses that focus on the inclusion of technology in the schools could qualify.

Research Grants

Whether you are a disabled veteran or a civilian you can apply for research grants pertaining to small business that are available through the federal government. For example, the National Institutes of Health has announced a small business research grant, with funding provided by the Recovery Act for social and behavioral research projects. If your small business is involved, or could potentially be involved, in these areas of public concern, this grant may be a possibility for you. Social and behavioral research projects may include research associated with schools and youth, or the impact of one organization's function on a community, for example.

Non-Profit

Your organization may not be non-profit as a whole, but you can develop a segment of your company that provides a service that is non-profit, making you eligible for non-profit organizational grants. Non-profit grants are generally provided to businesses that serve the community in some way. If, for example, you operate a private school, you can offer one community educational opportunity in the evenings that would be non-profit. Obtaining non-profit status allows you to be eligible for many more grants from government and private entities. Many state entities, as well as private corporations, such as the Bill and Melinda Gates Foundation, offer non-profit grants to business entities. The Bill and Melinda Gates Foundation offers numerous types of grants to schools related to technology, and public schools are non-profit organizations.

Private Sources

Your local community government or businesses within your locale may offer grants to disabled veterans. However, often these grants are not publicized so you may have to personally begin contacting local and company leaders to network and find out what resources they may offer.

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