Free Government Business Loans
Our federal, state and local governments provide American citizens with access to dozens of government business loans and financing programs to help create and expand small businesses. Particularly businesses that do not qualify for traditional small business bank loans. These programs are a fantastic source of funding for the small business owner as they specialize in low-interest loans for starting and expanding operations. They venture capital for hi-tech start-ups businesses as well as scientific research and urban development grants.
When looking to acquire financial assistance, you should first put together a list of government business loans and financing programs for which you may qualify. There is an abundance of resources available to you on the inter net to begin your search and learn more about the small business financing programs provided by the government as well as many private and non for profit organizations who offer small business loans.
There are virtually hundreds of government loans available for today’s small business owner. And even some for the not so small. Each government loan program has it’s own individual and unique application process and requirements for qualification. Still, the majority of lenders ask for similar information on all applications. Before applying for a loan, you’ll need gather together some basic documentation that will be required in any government business loan package. You should be able to establish what your basic documentation includes in the initial stages of your search for government business loans, but some of the things that will be required in any basic application are;
- What is your purpose in requesting this loan?
- How do you intend to utilize the funds received?
- Do you currently have any other forms of business debt?
- If so, to whom? Who are your creditors?
- Will you/do you possess sole ownership and responsibility? Or have a partner/management team?
- If you DO have a partner or management team, you may need to make their information available as well.
You will also be required to provide some personal background information such as;
- Former names
- Addresses
- Employers
- Criminal records
- Educational background
You may have to provide a current resume, and most definitely a solid business plan. There are quite a few other basic documents you’ll need to properly apply for all government business loans, these examples are the bare basics. As mentioned, there are certain to be a few others requirements that will be more specific to the particular loans you choose to apply for. Now that you have the basic information, you are ready to do your homework and get out there and apply.
In: Starting a Business · Tagged with: corporate grants, Government Business Grants, Government Business Loans, grants for women business, Small Business Government Grants, small business grants
on August 9, 2009 at 1:55 pm
Dear sir,
I am a retired electronics engineer. I and several other retired engineers want to create a new business of consulting enginneers. It will be our purpose to provide engineering services in both product development and design, as well as civil engineering. We have all been in business, and will be able to retain most of our old established customers. We will need start up funding in the range of seven hundred thousand. We will require shop and lab equipment as well as good work station capable computer facillities. This will provide at least twelve full time high-tech jobs in house. It will stimulate many more jobs withih the projects we lay out for our clients.
We have strong intrest in new leading technologies such as Nano Technology, and Thin Film Substrate Technology. We are also deeply imbedded in the integration of this technology for public safety and military applications.
For insatnce, we know how to fix the world problem of Responding Emergency crashes with inattentive motorist. We not only know how to fix this, but we can fix it without any cost to a city. This program alone will address a world wide market. The jobs created by this program alone will create thousands of jobs all over the world.
Example number 2: I am one of the engineers originally commissioned by the DOD to work on a program designed to put an end to battlefield casualties due to friendly fire. The technology wasn’t available at that time to accomplish what we wanted to do. It does now.
Give us old guys enough money to do what we want to do, and you won’t believe what you have unleashed. Properly funded, we are capable of starting new industries capable of spurring economic development all over the country.
The income from our old customers will make the shop a nice profit. We will not require periodic injections of capitol to remain afloat.
on May 28, 2010 at 5:39 pm
please im looking for free small goverment funding tha you dont have to pay back to start a small business. please email me so i can apply need application thanks