subject: Local Businesses Get Start-up Assistance With Government Grants [print this page] Creating a small business can be stressfulCreating a small business can be stressful. It's necessary to have a business plan, have practical business sense, and the needed capital. Small business loans are available at your local bank, but this loan might not work out, and it might be too little money. Additionally, a different way to get assistance with small business monetary concerns, that many are not aware even exists, are local business grants. These grants are there to help new businesses get off the ground.
You can start your search for information on small business grants at your local Chamber of Commerce. Along with the Better Business Bureau, these organizations provide grants to assist local businesses, which then will help put the local economy on the upswing. Small communities find this vital, as it helps to open up the local job market. This is also very helpful with the current state of the economy.
The Community Development Block Grant Loan Program is funded by the Federal Government, and it provides cash via small community grants. Funding for these programs can be obtained if your county applies to the government for a grant. The funds are utilized to create low interest loans for local businesses, to help them get off the ground. Typically there is a rule that the company must employ local people.
You will have to pay back the grant money given to you in the form of a loan; the interest you pay, however, will be much smaller than the rate of a typical small business loan. You should take the steps necessary for getting the funding for your small business seriously. If grants in your town are not at the ready, contact the Chamber of Commerce and they can help you locate different kinds of grants that assist local businesses.
by: Derrick Anderston
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