Several states have small business government grants. These are not offered by the federal government but a number of state-run development agencies provide free government grants. The states that offer these are Kansas, Nebraska, New Hampshire, New Mexico, and Utah. Other states provide financing through loans with incentives to those who want to start a small business rather than free government grants.
Instead of money the government will give free advice and training to those who want to make their business grow. The United States Government's Small Business Administration (SBA) is where the free government grants originate from. Since fifty percent of the labor force comes from the twenty five million small businesses in the United States and that contributes more than half contributes to more than half of the country's gross domestic product (GDP), there isn't much question why the government is interested in the quandary of the small businessman.
Good-Bye to High Interest Rates For small businesses who currently have a loan that is locked in at a high interest rate, the stimulus package is of great benefit to you. The SBA will be authorized to refinance small business loans as long as they were issued before the stimulus package was passed and are less than $10,000,000.
The SBA has no funds of its own actually available to supply to small businesses. They depend on the private sector such as banks, credit unions, coops, etc. to provide loans then they guarantee the loans. These loan programs are Loan Guaranty Programs, SBA LowDoc Loans, SBA Express Loans, and Microloan Programs. Targeted Loan Programs are also offered such as defense-delta loans, CAIP loans, Pollution control loans, and Export Express Loans. These loans are meant to target or meet specific needs. Since these places are all ready aware of the SBA you only need to mention SBA for the banks etc. to know immediately what to do.
Procurement Opportunities With many large companies looking to also cut costs right now, outsourcing work or bidding for services are becoming popular. Many procurement offices are offering up more Request for Proposal's or RFP's for companies to bid on along with adding a certain percentage required to outsource to minority companies. With New Small Business Grants, small businesses and minority business enterprises will be able to greatly benefit from the stimulus package.
Instead of money the government will give free advice and training to those who want to make their business grow. The United States Government's Small Business Administration (SBA) is where the free government grants originate from. Since fifty percent of the labor force comes from the twenty five million small businesses in the United States and that contributes more than half contributes to more than half of the country's gross domestic product (GDP), there isn't much question why the government is interested in the quandary of the small businessman.
Good-Bye to High Interest Rates For small businesses who currently have a loan that is locked in at a high interest rate, the stimulus package is of great benefit to you. The SBA will be authorized to refinance small business loans as long as they were issued before the stimulus package was passed and are less than $10,000,000.
The SBA has no funds of its own actually available to supply to small businesses. They depend on the private sector such as banks, credit unions, coops, etc. to provide loans then they guarantee the loans. These loan programs are Loan Guaranty Programs, SBA LowDoc Loans, SBA Express Loans, and Microloan Programs. Targeted Loan Programs are also offered such as defense-delta loans, CAIP loans, Pollution control loans, and Export Express Loans. These loans are meant to target or meet specific needs. Since these places are all ready aware of the SBA you only need to mention SBA for the banks etc. to know immediately what to do.
Procurement Opportunities With many large companies looking to also cut costs right now, outsourcing work or bidding for services are becoming popular. Many procurement offices are offering up more Request for Proposal's or RFP's for companies to bid on along with adding a certain percentage required to outsource to minority companies. With New Small Business Grants, small businesses and minority business enterprises will be able to greatly benefit from the stimulus package.
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