When you first decide to start your own small business, you realize you can use all the start up help you can get. The federal government can be a great source for assistance, and shouldn't be overlooked. They can provide small business start up help in many different ways. This article will discuss three areas that your government offers help in getting your small business off the ground.
1. Every small business needs money, and the government can help you get the cash you need in two different ways. The first option available is a loan. Believe it or not, the government provides hundreds of millions of dollars in funding specifically for small business and entrepreneurs. There are a ton of different loans created specifically for special circumstances. For example, low-income businesses, handicapped individuals, military veterans, women owned small businesses, and many more.
The second option for getting the small business start up funding that you need would be applying for one of the fifteen hundred grants that are available through the fifty-two government agencies. These grants are separated and grouped by state and business category. Some categories include but are not limited to general business, agriculture and real estate. There is also grant money available for research and development of your business. Many of these types of grants start at five thousand dollars and can end in the six figures. The best thing about receiving government grants is that the money never has to be paid back. This kind of small business start up help is like receiving free money.
2. So now you're getting the small business start up help you need in terms of money, but what about other assistance? The government can also help you in this area as well. They offer assistance for small business development, renovation and expansion. There are fifteen hundred different government sources that can provide the needed assistance for your small business.
The best place to start looking for this kind of information is the Small Business Administration (SBA). You can find out more information by looking in your phone book, online or the help desk at your local library. The government can provide counseling and training to improve skills to help manage and operate your small business. There are some forms and guidelines that are to be completed. Government and private foundations are a good source if you want to find some examples of these forms and more detailed information. These types of books can be found at your local library as well.
3. Small business start up help in terms of money and assistance is no longer a concern. You may, however, require advisory services, and the government can help with that also. Advisory services will assist you in improving your management skills and labor management relations. This is very important knowledge that you should know when beginning your business.
There is so much small business start up help that the federal government can do to get your business up and running. You just need to take the time to find your local sources and get the whole process started. Make sure to take advantage of these offers, since they're available to you. It's not everyday someone will hand you free money that will go to making yourself more money. So don't wait any longer, get the small business start help that you need to make your business successful.