We really don’t know anything about developing a business plan. Is it possible to apply the $10,000 Path to Loan grant to hiring someone to write the business plan?
The SEF financing options focus primarily on repayable loans. We award Path to Loan grants, to a maximum of $10,000, only occasionally and only after your idea passes the initial stages of review if your specific circumstances warrant such a grant. One of the criteria we assess very carefully is your organization’s capacity to develop and operate a business enterprise.
Applying for a small business grant is not as procedural or as time consuming as doing so for large and high value assistance. All you need to do is identify the organization which allows submission of grant applications for favored types businesses as shown above. These organizations are established to set up a certain number of such business entities over a period of time in a phased manner.
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The business nature is generic and the operations are simplified and the grant being for a small business, it is open to ordinary persons. As the business proposals and other details are pre-determined, only a few documents such as bank statements, social security and references are required and if these documents can be arranged by the person seeking the grant, then the application can be successfully submitted in as little as 15 minutes!