subject: Small Business Grants and Loans of Arkansas [print this page] The Arkansas Small Business Development Center gives a comprehensive collection of Small Business Innovative Research grant documents designed to introduce and lead you through the Small Business Innovative Research grant process and understand the type and scope of project they are seeking to fund. One can look in to the grant proposal solicitation for reference while completing your collection of Small Business Innovative Research grant application. Do as much of the grant proposal development as you can by yourself. No one knows your idea better than yourself. When you get stuck consult Arkansas small businesses centre to apply for SBIR grants.
Small Business Innovative Research grants are not for every small business. But, if your business has the capability to meet federal government needs, then an SBIR grant might be worth the extra effort to submit. The truth about grants is that very few if any federal grants are available to individuals. The federal government does, however, award grants to state and local governments to help them with economic development, and these are the grants you might be able to take advantage of in financing your small business. For example, some states provide grants for expanding child care centers; creating energy efficient technology; and developing marketing campaigns for tourism. Among the business financing resources you might find a suitable grant. These grants are not necessarily free money, and usually require the recipient to match funds or combine the grant with other forms of financing such as a loan.
Two Arkansas small businesses that enjoyed remarkable success in competition for NASA Small Business Innovative Research(SBIR) are Phase I and Phase II research programmes that wins three grants. All three grants are targeted at development of high temperature electronics. This SBIR Phase I project seeks to prove the feasibility of developing high power density modular power electronic building blocks based upon high temperature silicon carbide (SiC) multichip power module (MCPM) technologies. The modular approach will allow for auto-configurable stackable modules to be built up in series and/or parallel configurations in order to increase overall system power handling capabilities.
The MCPM building blocks will utilize a decentralized control and communications structure, with a communications network established between the core silicon-on-insulator (SOI) controllers of the MCPMs, but with no single controller in command of the system. The decentralized control scheme will allow for the construction of highly flexible power systems which could perform a wide variety of power electronics applications, including power conversion, motor drive, and power distribution functions
If you cannot find a grant available from the state financial resources, there are plenty of low-interest loan programs backed by the U.S. Small Business Administration (SBA) you may be able to get. By going to Arkansas Economic Development Commission, you will come to know what are the different possibilities for you to get a loan. The other programs are Community Development Block Grant Program developed by Small Business Grant Programs and Small Business Loan Program by Other Sources of Small Business Financing.
Small Business Grant Source:
Learn the application procedures, various funding sources for specific types of businesses and eligibility criteria for small business grants. You can find the most comprehensive information on availing of small business grants by visiting this online guide on grants here
Small Business Grants and Loans of Arkansas
By: David Hensley
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