Business Start Up Grants - Free Money to Start a Business Or False Hope?

If you are investigating business start up grants as a- Schools, Colleges and Universities
possible funding source for your new business, you- Community Education and/or Health Initiatives
may be in for a shock. Since so much misinformation is- Scientific/Technological Research and Development
circulated about this form of business start up funding,Companies
let's explore the top five FAQs (frequently asked- Public Housing Authorities
questions) on this subject.- Non-profit Groups
FAQ #1: Do grants pay out free money to start aFAQ #5: Does the federal government offer any
business?other forms of free business start up funding?
I am sorry to have to tell you that the governmentThe US government does not offer any programs
does not offer any financial assistance programswhich provide free money to start a business.
which pay out free money for business start upGovernment backed small business loans are the only
expenses.available sources of financial assistance offered by
FAQ #2: What exactly is a federally funded grant?the federal government to start up businesses.
A federal grant is a financial assistance award from aBusiness Start Up Grants Do Not Exist!
US government agency to a business or individual, forAlthough it may be quite disappointing to discover that
the purpose of engaging in a project or initiative whichstart up grants simply do not exist, you don't have to
supports a specific law or laws of the United States.give up hope. You can find free sources of business
An example of such assistance would be that of astart up funding - if you know where to look.
public or private sector relief agency, (such as aThere is Still Hope
non-profit community food bank) applying for financialDon't allow your dream of starting your own business
assistance to help the victims of a hurricane or otherto be dashed, by the false hopes of getting free
natural disaster.government funding. You can find the money to start
FAQ #3: Where do I apply for business start upa business -- and without BIG bank loans. Consider
grants?absolutely free sources of business start up funding
You can find an extensive listing of governmentthat are legitimate and honest. Start by investing in a
backed financial assistance programs at grants.gov.start up business eBook, with the secrets for finding
Please keep in mind, that you must understand thethe money you need to get on the road to start up
grant writing process to successfully apply.business success.
FAQ #4: Who is eligible to apply?© Kimberly Kelly 2009 - All Rights Reserved
Although just about anyone can apply for governmentWorldwide.
grants, very few will qualify. Typically, most successfulPermission is granted to reprint this article on the
grantees fall into one of the following categories:condition that it may only be reprinted in its entirety with
- State and Local Government Agenciesall live links and author bio in tact.