How do you apply for a government loan for a business?
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SBA provides through its conduit lending institutions loans to credit-worthy startup and existing businesses. The borrower, however, must meet these criteria: borrower must have a stake in the business, strong business plan and good personal credit rating.\n\nSBA has prepared a detailed loan package checklist that applicant must have in order to get a government loan through SBA. The list includes personal financial information such as personal financial statements, tax returns, resume of proprietors or partners, amount of owner's capital infusion and credit report. You also need to submit information about the business such as business plan, cash flow projections, projected profit and loss, business credit report, among others. You would also need to submit collateral requirements, and other supporting information that can help prove your credit worthiness.\n\nRead SBA's Preparing and Presenting a Loan Proposal:\nhttp://www.sba.gov/starting_business/financing/loanproposal.html\n\nSBA's Applying for a Loan\nhttp://www.sba.gov/starting_business/financing/applyloan.html\n\nHope the above resources help
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Research is your best bet!\n\nBelow is a link that may answer your question on how loans work.\n\nYou may want to visit your local Small Business Administration for assistance as well. \n\nI also included a link to entrepreneur.com's website as well because it has a lot of info you may need to know about starting your own business.\n\nGod Bless and I hope all works out for you!
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You can apply for federal grants online at http://www.grants.gov, a website created by the federal government to make it easy to look for grant opportunities and apply for grants. You will be required to download a plugin (PureEdge Viewer) in order to view the grant applications.\n\nHowever, you need to understand the process of how to submit grant applications. From Grants.gov, the process is as follows:\n\n1. Register your orgnization (get a DUNS number, Register with Central Contractor Registry, Authorize your Organization's Representatives, Login as an E-Business Point of Contact)\n2. Find the grant opportunities that you want to apply (check out the Catalog of Federal Domestic Assistance http://www.cfda.gov for listings of grants and CFDA Number OR Funding Opportunity Number)\n3. Download the application\n4. Submit the application\n\nHope this helps\nIsabel Isidro\nFor information on starting a business visit http://www.powerhomebiz.com
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You can try if your bank will give you 100% loan. But banks -- even SBA -- always want to see the business owners invested in the business so they require business owners to put in money into the business. As SBA explains it:\n\n"Business loan applicants must have a reasonable amount invested in their business. This ensures that, when combined with borrowed funds, the business can operate on a sound basis. There will be a careful examination of the debt-to- worth ratio of the applicant to understand how much money the lender is being asked to lend (debt) in relation to how much the owner(s) have invested (worth). Owners invest either assets that are applicable to the operation of the business and/or cash which can be used to acquire such assets. The value of invested assets should be substantiated by invoices or appraisals for start-up businesses, or current financial statements for existing businesses."\n\nMake sure that you have other requirements such as collateral, excellent business plan, business financials to convince banks that you can be given 100% business loan. You just have to try.
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Ask your bank, the provincial government website or student loan program.
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Apply for what?  A credit card, a business loan, a mortgage, a job?
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You can go to www.firstgov.gov.  Also, be prepared to write a business plan that you can present to the grantor or loan officer.
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You have to have a tax I.D. number for the business. Call or go into a local bank and they can help you get started. Good luck w/your business!
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learn how to spell first, then apply. They don't give business loans to people if they can't even use spell the word loan. Sorry
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apply to the SBA.  they handle business loans.
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the requirements, policies and rules that govern government loans vary from each country. from what country are you? better check with the website of your government's trade and industry department or website for government banks.
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You can apply to your local SBA (Small Business Administration) and there are government loans and grants... But what may be of a greater importance is not the money but the time frame that you have available. All those government agencies will take time...you now the government.\nI think what I world do is go to a bank; you could use the florets as collateral, get the money to make the deal and apply for a no interest government loan or a grant for 5,000. You could then use that money to pay off the bank. \nYou would want a loan from the bank that doesn’t have a pre-payment penalty, but even if you get stuck with one it may be worth just paying it off to save the interest!\nLet me know what happens!
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To apply for grants, go to Grants.gov http://www.grants.gov . They have everything you need to apply for grants. \n\nThe first step is to register with Grants.gov and their registration process can be accessed from http://www.grants.gov/\n\n1. Get a Data Universal Number System (DUNS) Number\n2. Register with Central Contractor Registry (CCR)\n3. Authorize your Organization's Representatives\n4. Login as an E-Business Point of Contact (POC)\n\nYou will first be asked to find the grant number of the grant that you wish to apply for. You can get this from the Catalog of Domestic Assistant http://www.cfda.gov which is the federal database of all grants.\n\nBut whether you can find grants to allow you to start business is an entirely different matter. It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. Grants are generally given to support non-profit organizations, intermediary lending institutions, and state and local governments, and hardly to individuals for the purpose of buying a business. \n\nFederal grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs
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You will find many resources for funding in the local yellow pages. Make sure you call a broker (not a banker or a mortgage oficer).Call one, tell them you have very bad credit and need to buy a business. They will tell you who and what company provides high-risk business loans in your area.
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Start with your state level office concerning business licenses.  Loan officers in most states are required to be licensed.
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For small business loans, study SBA's requirements and credit criteria http://www.sba.gov/financing  \n\nIt is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, 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.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html \n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.\n\nhttp://www.cfda.gov\nhttp://www.grants.gov\nhttp://gtionline.fdncenter.org\nhttp://www.powerhomebiz.com/vol66/grants.htm\nhttp://www.sba.gov/expanding/grants.html
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No - it doesn't matter how much you make because no matter how hard you'll try, you'll find that there's no grant for starting a business\n\nIn fact, 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 \n\nIt is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, 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.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html\n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nI suggest you read the following books to get ideas of how to finance your business:\n\nFinancing Your Small Business  http://www.amazon.com/exec/obidos/ASIN/1572484500/powerhomebizguid\nSmall Business Financing: How and Where To Get It http://www.amazon.com/exec/obidos/ASIN/0808007386/powerhomebizguid\nFinancing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing http://www.amazon.com/exec/obidos/ASIN/1580626815/powerhomebizguid\nThe SBA Loan Book http://www.amazon.com/exec/obidos/ASIN/158062202X/powerhomebizguid\nAngel Capital : How to Raise Early-Stage Private Equity Financing http://www.amazon.com/exec/obidos/ASIN/0471690635/powerhomebizguid\nFinancing Your Small Business (Barron's Business Library Series) http://www.amazon.com/exec/obidos/ASIN/0764124897/powerhomebizguid\n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online http://gtionline.fdncenter.org  . It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have lis