Is there GRANT money available to help a minority fund a downpayment for an existing business?
There is a substantial opportunity available in the city of Detroit to acquire a business that is established and poised to take advantage of rebuilding the city. You stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov/financing than a government grant. Read the SBA Financing page to learn about criteria needed for borrowing. There are a number of loan programs for minorities It is hard to find grants to start a business — even for minorities. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture
Related Questions
- Ive heard there is grant money available to help fund my for-profit start-up business. Where can I find those grants?
- I?ve heard there is grant money available to help fund my for-profit start-up business. Where can I find those grants?
- Id like to own my own business but I dont have enough money to buy an existing business. Can you help me?
