Finding a government grant that fits your needs can be somewhat easy. However, finding and securing a small business grant can be a competitive and stressful endeavor. The competition for government funds is steep but plenty of support is available for those business owners who know where to go. Follow these steps to find government small business grants so you can secure the future of your budding business.
Instructions
1. Begin by checking with your state government to see what grants are available. Go to your local government's website or state office to inquire about small business grants.
2. Calculate your need. Estimate the funds you will need to begin your business and any overhead or possible emergencies that could come up within the first year; it is best to overestimate your need at first.
3. Obtain assistance from an accountant with the fiscal estimates for your business. This help will be especially useful if you are a first time grant candidate.
4. Find a lawyer or other professional familiar with the grant application process. Check federal agencies such as the Catalog of Federal Domestic Assistance (CFDA) for leads on Federal Grants. They are often small agencies but a good place to start.
5. Get a hold of the grant application and read over all aspects of the application very carefully. Check into any specialized grants such as minority grants, art endowments, research grants for businesses, etc. Become familiar with your grant officer and the office as they will be indispensable to helping secure your grant.
6. Prepare a very detailed and professional business plan to accompany your grant application. Have someone familiar with business plans go over your plan, preferably your grant officer or someone in the grant office.
