Saturday, May 31, 2008

Tips On Government Grants For Women

By James Redder

Is it safe to say that you are reading this article because you are seeking knowledge on getting government grants for women? One of the most ideal financial ways to start your business is through grants. Grants tend to be given to those who will contribute to the economy at large while starting their own small business. Business grants are given to people who qualify from the federal government. A point to remember is that since grants are not loans they don't have to be paid back.

Choosing Between A Business Loan Or Business Grant

Another difference between grants and loans is that grants don't usually require security deposits, co-signers, credit checks or collateral. Periodic progress reports are usually what is required from you. These are to keep them abreast of the progress you are making toward the stated goals on your application. And also to provide a checks and balances to ensure that grant money is being used as previously specified. If you want more information on business grants and related topics then check the resource box.

A Look At Women's Business Grants

Woman can run a home-based business or a business outside of the home by using business grants. This includes but not limited to:

1) Office Rent. 2) Office expenses and overhead. 3) Salaries and related expenses. 4) Start a new or expand an existing business. 5) Acquisition of a new or existing business. 6) Equipment financing.

These are generally given to small business owners who are women to promote and encourage business growth. You are eligible for a grant if you are at least 18 years old.

Governments Grants Purpose

An excellent way to support a business idea and also make the dreams of an aspiring entrepreneur turn into reality would be to get a grant. The government has the following type of grants available:

1) Education grants. 2) Housing grants. 3) Business grants for starting a new business. 4) Individual grants for personal necessities.

This is just a small sample of the type of grants available. Consult the resource box at the end of this article for more information.

Business Grants And Women

There are grants for women to buy existing businesses. Another way to qualify for a government grant is to excel in your respective field. Attending business school is another great reason to qualify for a grant. Keep in mind that you do NOT have to repay a business grant to the funding agency or the government.

Women And Government Grants

Studies have shown that up to seventy five percent of women small business owners tend to be successful. Add that to the fact that as a group when applying for government grants women have the biggest advantage. In fact specifically earmarked for women are several business grant types. Small business grant funding does come with some limitations that haven't been discussed here. For a lot more information on this and grants in whole see the resource box. Just remember you may have to go in front of a foundation or a governing council's grant board to get your funding. Small price to pay for your self employment isn't it? When are you going to get started?

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