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HOW TO APPLY FOR A SMALL BUSINESS GRANT

Small business grant funds will keep flowing during good or bad times. This is because the government and private corporations are required by law to distribute billions of dollars to people every year to maintain a stable economy.Elected officials who want to stay in office also give away billions in government cash so people will continue voting for them. Big corporations save a lot of money in taxes by giving away grant money for charity.

Business grants are given to small business start-ups and since it is a grant, you don’t have to pay it. People who are aware of these grant programs take advantage of the opportunity and receive grant money. Other grants are more like loans and require repayment with interest.

Most government funding applications are now available on the Internet. Online applications are much faster to submit. The sites also include step-by-step instructions as well as a FAQ section. You have to prepare a grant proposal letter and a business plan.

Then fill up the online application form and attach your proposal letter and business plan. The business plan is essential because approval is based on how sound your business plan is.

The objective of the business plan is to explain how you will run the business. Include a mission statement, give a business description, outline long-term and short-term goals, discuss potential marketing tactics and provide a financial analysis.

Complete and submit your small business grant application. Include all requested files and all pertinent information. Failure to do so can result in a grant denial or slow the approval process.Getting a business grant is going to take a lot of time, but it is worth all your effort and time if you need capitalization for your new business.