Government Small Business Grants For Single Mothers To Start Business
Many single mothers dream of being able to start their own small businesses and provide financial security, but despair of ever being able to find the funding to fulfill that dream. There may be concerns about a poor credit rating or having no collateral, or concerns about obtaining a loan in the current financial climate - there may seem a myriad impediments.
If you are in this position, then you need to know that there is a vast amount of help available in the form of Federal or State grants as well as grants from big business for women, particularly single mothers, to start their own business. Note that word "grants". It means that the money would not be a loan, but a gift. It would never have to pay the money back. And the less you currently own or earn the more likely it is that you would get the loan, as there are limits on net worth or earnings for eligibility, although would also depend on the number of people in the household. This is all part of a praiseworthy effort to encourage women to become independent. Rather provide the money in a lump sum than in a long, drawn-out series of welfare payments. It helps boost the economy, too.
Grants are available in amounts up to a quarter of a million dollars. When estimating the amount required, it is important to base it on the most that might be needed if you're estimating. Remember, it may take longer than originally to start making a living out of a business. It takes time for trade to pick up until high-enough volumes are achieved. An amount for living expenses and the clothing necessary to make a good impression should be built in as well, so there is no need for a hand-to-mouth existence during the start-up phase. These are all legitimate aspects to establishing a successful small business.
If there is a concern about lack of specific business knowledge, there is free counselling and support available.
When looking for a suitable grant, the internet is invaluable. There are almost a thousand grants available for single mothers, more if the applicant is also a member of a minority group. A good website to start with is grants.gov, which gives details of all Federally-funded grants. Specific programs offered the relevant state or big business can be found via web-searches. When completing the application, the struggles currently being undergone should be stressed. As many details as possible should be supplied, including severe income-related deprivations being undergone. The intent of the grant programs is to help those in need.
It might seem incredible that there is this money available, especially to those who might already have tried to get loans from banks, and discovered that the loans are only available if the applicant doesn't desperately need the money, and can repay the money if the business fails. But not only is there money available, but the Federal Government struggles to give away all the money that has been allocated for these loans, which means that many who qualify are not taking advantage of these opportunities.
There are grants for other purposes as well, such as education. A web search will help to find them.
There is no need for anyone with any ability to live a life of desperate poverty. All that is required is the desire to improve and the courage to persist with applications and the business.
Most new businesses these days are started by women. These Single Mother small business grants make it possible for those in this situation to participate in this trend.
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