Small Business Loans Grants Gov
small business loans grants gov
Avoiding Common Business Loan Mistakes
Surveys show that 94.7% of small business owners feel their only lending resources are local banks or personal credit cards. This common sense advice will help you avoid these common business loan mistakes, regardless of your personal credit history… and avoid pledging your personal property as collateral.
First of all, getting approved for a commercial loan is definitely easier than getting personal loans… regardless of your personal credit scores. Additionally, getting the right types of corporate credit is absolutely critical: if you want to protect your personal assets, minimize the risk of a personal lawsuit affecting your business, and to your ability to weather the economic changes that happen overnight.
All business owners must be much more proactive about developing relationships with the right types of lending institutions. You usually want to start your application process with out-of-state, national lenders… not your local or regional banking institutions. National lenders typically won’t require a personal guarantee or your social security number.
Follow this simple roadmap to obtain a small business startup loan, a business debt consolidation loan, a bad credit business loan, or a government business loan… although I strongly recommend that you find a commercial loan expert who can help you through the process of building a strong corporate credit rating.
Finding a competent business loan expert will give you a head start on your competition & also let you focus on running your day-to-day activities… instead of dealing with the hassles of establishing a strong business credit rating. An excellent business credit score can help your company’s image, overnight. And, finding a small business loan expert isn’t that difficult. You just need to know where to look.
Now… let’s get started… before you start applying for any business loans!
1. How is your business structured? Is it a sole proprietorship, C-corporation, S-Corporation, Limited-Liability Corporation (LLC), Partnership, or Trust?
2. How long has your business been recognized by your State & Local government?
3. Has your company ever had derogatory information reported against it to either of the two (2) most popular business credit reporting agencies, Dun & Bradstreet or Experian?
4. Are your commercial permits, licenses and registrations current?
5. Does your business have a physical address, or are you trying to use a U.S. Post Office Box instead?
6. Is your business telephone number recognized by directory assistance?
7. Are your incoming telephone calls professionally answered in your business name?
8. Have you established a business checking account?
9. Have you registered & asked for an Employer Identification Number (also known as an EIN) from the IRS?
If your answer to the first question was a sole proprietorship, partnership or trust; I urge you to re-establish your company as a corporation or LLC. I’m not going to provide you with legal advice, but many CPAs and attorneys highly recommend
LLCs (Limited Liability Corporations) as a way of protecting your personal assets & estate… in the event of any lawsuits being filed against your company.
As a sole proprietor, your personal assets are at direct risk of seizure or forfeiture when faced with most types of legal action. Additionally, if you are applying for business loans in a corporation’s name… most lending institutions will not require you to provide any personal guarantee!
A corporation can still face difficulties applying for business credit, if it has been in business less than two (2) years or had previous credit problems reported against it. Here are some ways to fix these problems.
- Purchasing a “shelf corporation” or “aged corporation” that’s been in good standing with your State government (for longer than 2 years) can drastically improve your chances for small business loan approval.
- You can attempt to repair your business credit rating by writing dispute letters to Experian or Dun & Bradstreet, which isn’t always possible.
- Some corporate credit experts will help you find, select & purchase an established “shelf” or “aged” corporation, some of which already have strong credit ratings established… saving you alot of hassles!
I cannot stress this enough… you MUST have a physical address (not a PO Box) if you want to establish a solid business credit rating. The same thing is said for telephone numbers & the way incoming phone calls are handled. Would you lend
money to a company that does not appear to have a physical address or documented telephone number?
And, don’t forget to always keep your commercial permits, licenses & registrations current… and always keep copies of these documents in case a potential lender asks for this information.
Business checking accounts are a must. Again, this proves stability to your potential lenders. Here are a couple of tips for you, in case you’ve had any checking accounts closed by a financial institution. Pay off the outstanding balance (if any) that’s being reported by the bank, or open a checking account at a bank or credit union that doesn’t use the ChexSystems credit reporting system. Most credit unions don’t use ChexSystems, and you can always find a list of banking institutions in your area that don’t use ChexSystems… by simply doing a search on Google, Yahoo or MSN.
Small business credit ratings are tracked using your business name, business address and employer identification number (EIN). You can apply for & receive an EIN at the IRS’s website (irs.gov). You can also call the IRS, but be prepared for long waits.
Then you’ll want to obtain a D-U-N-S number from Dun & Bradstreet, the largest business credit reporting agency. You can apply for this without any fees at Dun & Bradstreet’s website (dnb.com), and you’ll usually receive this number within
thirty (30) days. Do not apply for this number until you’ve prepared your self thoroughly, because any information you give to them… goes into your credit file… permanently.
After you’ve obtained your D-U-N-S number, you’re probably ready to start establishing some vendor credit. Vendor credit is where many business owners start establishing business credit ratings. Simply go to staples.com, officemax.com or officedepot.com to get started. Then, you’ll also need to fax your business telephone bill & the credit application to them… on your business letterhead (which you can create using your favorite word processing software if you don’t have expensive stationery). They usually don’t require any personal guarantees (if you’ve followed the outline above), and you’ll usually receive a starting credit line of $750.
This is critical & I repeat… critical! Always pay your invoices before the grace periods begin… especially on unsecured credit cards or vendor credit lines. Dun & Bradstreet will lower your credit score for every day a creditor reports your bill as unpaid while you’re within your grace period. Whereas, personal credit scores are not lowered unless you are 30+ days past your due date.
Dun & Bradstreet reports what’s known as a Paydex score (your corporate credit score), and a score of 80 is very good… with 100 being the highest score you can achieve. Your Paydex score is issued once you’ve established a known
vendor/credit relationship with at least five (5) creditors.
There are shortcuts that will help you get much more than $750 alot faster. When using a business credit expert, most small business owners (even startups) can be approved for vendor credit lines of $25,000-$50,000 and open credit lines of
$50,000, $250,000, $500,000 or more… in as little as 45-60 days… by using their knowledge of the application process & “shelf” corporations.
Now, it’s your choice. Are you going to go against the grain & try to establish business credit on your own (which could prove costly to your business health, growth & survival)? Or, will you choose to utilize a corporate credit expert… allowing you to remain focused on your daily business needs?
Most business owners make the mistake of trying to do this on their own… usually trying to find grants, investor “angel” money, or falling back onto the “personal credit card sword”. Don’t be a casualty like the rest. Learn more about how you can use the same tools that informed, educated millionaires have been using for decades.
About the Author
Lee Kendrick has been featured by national magazines as a credit expert, finance professional & public speaker.
Register for his newsletter at http://leekendrick.net/credit-expert & discover how you can be approved for $250,000 or more… in as little as 45-60 days… regardless of your personal credit.
1st time small business loans (gov’t) for women….?
Does anyone know the gov’t grant name, or specificially where to find out how to qualify for a gov’t grant for a woman to start a small buisness?
You can get government LOANS for women, but not grants. SBA has a Minority and Women’s Prequalification Pilot Loan Program http://www.sba.gov/business_finances/prequal/ that provides qualified beneficiaries with loan amounts up to $250,000
The eligibility requirements for this loan program are as follows:
- Businesses at least 51 percent owned, operated and managed by people of ethnic or racial minorities or by women;
- businesses with average annual sales for the preceding three years that do not exceed $5 million;
- businesses that employ fewer than 100, including affiliates.
Pilot sites for the Women’s Prequalification Pilot Loan Program are: Buffalo, NY; Cedar Rapids, IA; Charlotte, NC; Chicago, IL; Columbus, OH; Louisville, KY; New Orleans, LA; Philadelphia, PA; Portland, OR; St. Louis, MO; and San Francisco, CA. The program is offered statewide in the following states: Colorado, Maine, Massachusetts, Montana, New Mexico, and Utah.
Other loan programs of SBA can be found at http://www.sba.gov/financing/sbaloan/snapshot.html
It is hard to find grants to start a business — even for women and minorities. 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.
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.
Even 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.
Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html…
“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.”
Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business — THERE’S NONE.
http://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show
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
Grants 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
For 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.
http://www.cfda.gov
http://www.grants.gov
http://gtionline.fdncenter.org
http://www.powerhomebiz.com/vol66/grants.htm
http://www.sba.gov/expanding/grants.html
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Quality Inn & Suites Grants $129.91 Quality Inn & Suites Grants is located in Grants. Hotel Features. Recreational amenities include an indoor pool, a spa tub, and a fitness facility. This hotel offers small meeting rooms and business services. Complimentary wireless Internet access is available in public areas. The hotel serves a complimentary continental breakfast. Guest parking is complimentary. Additional property amenities include multilingual staff and laundry facilities. Guestrooms. 58 air conditioned guestrooms at Quality Inn & Suites Grants feature coffee/tea makers and windows that open. Accommodations include refrigerators and microwaves. Wireless Internet access is complimentary. In addition to desks, guestrooms offer direct dial phones as well as free local calls (restrictions may apply). Satellite television is provided. Also included are hair dryers and irons/ironing boards. Housekeeping is available daily. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: USD 20 per night The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: USD 20 per night The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. |
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Shilo Inn – Grants Pass $74.75 Shilo Inn Grants Pass is located in Grants Pass. Hotel Features. Recreational amenities include a sauna and a steam room. This hotel offers small meeting rooms and business services. Complimentary wireless Internet access is available in public areas and the hotel has a computer station. The hotel serves a complimentary continental breakfast. The property has a roundtrip airport shuttle, which is complimentary. Guest parking is complimentary. Additional property amenities include express check out. This is a smoke free property. Guestrooms. 70 air conditioned guestrooms at Shilo Inn Grants Pass feature coffee/tea makers and windows that open. Bathrooms feature complimentary toiletries and hair dryers. Wireless Internet access is complimentary. In addition to multi line phones, guestrooms offer free local calls (restrictions may apply). Televisions have premium cable channels and pay movies. Also included are blackout drapes/curtains and irons/ironing boards. Guests may request extra towels/bedding and wake up calls. Housekeeping is available daily. Guestrooms are all non smoking. Notifications and Fees:The following facilities will be closed during the winter: Swimming poolThe following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: USD 25 per stay The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. Notifications and Fees:The following facilities will be closed during the winter: Swimming poolThe following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: USD 25 per stay The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. |
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Super 8 Motel Grants Pass Or $66.89 Super 8 Motel Grants Pass Or is located in Grants Pass. Property Features. Recreational amenities include an indoor pool and a spa tub. This motel has a business center and offers small meeting rooms and business services. Wireless Internet access is available in public areas. A complimentary continental breakfast is served each morning. Guest parking is complimentary. Additional property amenities include laundry facilities. Guestrooms. 79 guestrooms at Super 8 Motel Grants Pass Or feature coffee/tea makers and safes. Accommodations include refrigerators and microwaves. Wireless Internet access is available. Premium cable television is provided. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Pet deposit: USD 25 per stay The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Pet deposit: USD 25 per stay The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. |
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Grants for Scholarships, Student Aid and Loans, 1993-94 $89.7 No Synopsis Available |
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Grants for Scholarships, Student Aid and Loans: 1999/2000 $73.13 No Synopsis Available |
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College Blue Book Scholarships, Fellowships, Grants and Loans $46.8 No Synopsis Available |
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Grants for Scholarships, Student Aid, and Loans 1997/1998 $73.13 No Synopsis Available |
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Grants for Scholarships, Student Aid and Loans 2001-2002 $73.13 No Synopsis Available |
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Billboard, Loans, Loans, Loans $24.99 Billboard, Loans, Loans, Loans – Premium Poster |
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Gov Dinwiddie Hotel & Suites, an Ascend Collection hotel $99 Gov Dinwiddie Hotel & Suites, an Ascend Collection hotel is located in Portsmouth, close to Children’s Museum of Virginia, Nauticus National Maritime Center, and Moses Myers House. Nearby points of interest also include Chrysler Museum of Art and Portsmouth Naval Shipyard Museum. Hotel Features. Gov Dinwiddie Hotel & Suites, an Ascend Collection hotel features a restaurant and a bar/lounge. Recreational amenities include a sauna and a fitness facility. This 3 star property has a business center and offers small meeting rooms. Wireless Internet access is available in public areas. Guest parking is complimentary. Additional property amenities include a concierge desk, multilingual staff, and laundry facilities. Guestrooms. 60 air conditioned guestrooms at Gov Dinwiddie Hotel & Suites, an Ascend Collection hotel feature coffee/tea makers and complimentary newspapers. All rooms include separate sitting areas and desks. Kitchenettes include microwaves and refrigerators. Wireless Internet access is available. Guestrooms offer multi line phones with voice mail, as well as free local calls (restrictions may apply). Televisions have DVD players and pay movies. Rooms also include hair dryers and irons/ironing boards. |
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SMALL LOANS, BIG CHANGES $22.46 This book is in New – Excellent condition |
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Scholarship Book : The Complete Guide to Private-Sector Scholarships, Grants, and Loans for Undergraduates $19.45 No Synopsis Available |
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Grants for Scholarships, Student Aid, and Loans 2000-2001 : Covers Grants to Colleges and Universities on the Undergraduate a $73.13 No Synopsis Available |
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Red Lion Hotel Grants $99 Located in Grants, Red Lion Hotel Grants is in the suburbs. Hotel Features. Red Lion Hotel Grants’s restaurant serves breakfast and dinner. A poolside bar and a bar/lounge are open for drinks. Room service is available during limited hours. The hotel serves a complimentary breakfast. Recreational amenities include an indoor pool, a spa tub, a sauna, and a fitness facility. Wireless Internet access is available in public areas. This Grants property has event space consisting of banquet facilities, conference/meeting rooms, and a ballroom. Business services and wedding services are available. Guest parking is complimentary. Additional property amenities include an arcade/game room, multilingual staff, and gift shops/newsstands. Guestrooms. 126 air conditioned guestrooms at Red Lion Hotel Grants feature coffee/tea makers and blackout drapes/curtains. Bathrooms feature complimentary toiletries and hair dryers. Wireless Internet access is available. Premium satellite television is provided. Rooms also include irons/ironing boards and clock radios. Guests may request refrigerators and wake up calls. Housekeeping is available daily. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: USD 15.00 per room, per stayLate check out fee: USD 25.00 The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: USD 15.00 per room, per stayLate check out fee: USD 25.00 The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. |
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BEST WESTERN GRANTS PASS INN $117 Hotel Year Built 1983 Year Remodeled 2006 Additional Property Description This cozy and picturesque Grants Pass, Oregon hotel is near many enchanting attractions such as the Oregon Caves, Crater Lake and many local vineyards with excellent wine tastings. Guests will find that there s something for everyone they re traveling with and they ll love the convenient location, as this hotel is between San Francisco and Seattle. The clean, cozy rooms at this pet friendly Oregon Best Western offer free high speed Internet access, cable satellite television with HBO, coffeemaker, hairdryer and more. While staying at this Grants Pass hotel, guest can enjoy an outdoor heated pool, hot tub, a business center, dry cleaning, complimentary continental breakfast each day and an onsite restaurant and cocktail lounge. In addition to comfortable lodging in Grants Pass, guests can also enjoy numerous activities such as jet boat excursions, white water rafting, fishing, biking, golfing, playing tennis that get them out and exploring the beautiful natural surroundings. Enjoy fresh air on the greens of one of three golf courses within seven miles of this Grants Pass, Oregon hotel. Guests also enjoy a day of fun and horse racing at the Grants Pass Downs. Visitors of this Oregon hotel can also experience the magnificent sights of Valley of the Rogue State Park, the Applegate River, Rainey Falls, Mount Ashland and the Redwood Forest all within about an hour s drive from this Oregon Best Western hotel. Conveniently located at the intersection of Highway 199 and Interstate 5, traveling to and from this Grants Pass hotel is easy and efficient. Additionally, the Medford Airport is only 25 miles away. For a great stay with phenomenal service at a charming hotel in Grants Pass, Oregon, reserve a stay online at the BEST WESTERN Grants Pass Inn NBR OF SUITES 10NBR OF NON SMOKING ROOMS 72NBR OF ROOMS FOR PHYSICALLY CHALLENGED GUESTS 4LUXURY SUITES AVAILABLE. FREE HIGH SPEED INTERNET ACCESSIN ALL ROOMS. TWO PERSON SPA/BATHTUB.ROOM AMENITIES FOR ALL ROOMS ROOM AMENITIES AIR CONDITIONING / AM/FM ALARM CLOCK / CABLE/SATELLITE TV / COFFEE/TEA MAKER / COLOR TV / DIRECT DIAL TELEPHONE / FREE LOCAL TELEPHONE CALLS / HAIRDRYER / IRON/IRONING BOARD / MEAL INCLUDED BREAKFAST / NO SMOKING ROOM / PRIVATE BATH OR SHOWER / RADIO / REMOTE CONTROL TV / STEREO SYSTEM / TELEPHONE / TELEVISION TECHNOLOGY DATAPORT / HIGH SPEED INTERNET ACCESS CHARGEABLE AMENITIES ANALOG DIAL UP DATAPORT NBR OF ROOMS 84 WIRELESS DATAPORT NBR OF ROOMS 84 |
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Grants Travelodge $37 Grants Travelodge |
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Holiday Inn Express Grants Pass $149 Holiday Inn Express Grants Pass is located in Grants Pass. Hotel Features. Recreational amenities include an outdoor pool and a spa tub. This hotel has a business center and offers a meeting/conference room. Wireless Internet access is available in public areas. The hotel serves a complimentary breakfast. Guest parking is complimentary. Additional property amenities include laundry facilities. Guestrooms. 80 air conditioned guestrooms at Holiday Inn Express Grants Pass feature coffee/tea makers and safes. Refrigerators and microwaves are offered. Bathrooms feature shower/tub combinations and hair dryers. Wireless Internet access is available. In addition to complimentary newspapers, guestrooms offer phones with voice mail, as well as free local calls (restrictions may apply). Televisions have premium satellite channels and complimentary TV Internet access. Rooms also include windows that open and irons/ironing boards. Housekeeping is available daily. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: USD 10 per night The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. Notifications and Fees:The following fees and deposits are charged by the property at time of service, check in, or check out. Pet fee: USD 10 per night The above list may not be comprehensive. Fees and deposits may not include tax and are subject to change. |
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The Everything Paying For College Book: Grants, Loans, Scholarships, And Financial Aid — All You Need To Fund Higher Education $13.28 No Synopsis Available |
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The Scholarship Book 1998 – 1999: The Complete Guide to Private-Sector Scholarships, Grants, and Loans for Undergraduates $10 This book is in Good Used condition |
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Grants Loans to the Housing Action Trusts Account 2004-2005: House of Commons Papers 1064 2005-06 $10.24 No Synopsis Available |
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Scholarship Book, 13th Edition : The Complete Guide to Private-Sector Scholarships, Fellowships, Grants, and Loans for the Undergraduate $24.27 No Synopsis Available |
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MARKETING & SMALL BUSINESS ADVANTAGE $29.99 MARKETING & SMALL BUSINESS ADVANTAGE |
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Funding Local Governance : Small Grants for Democracy and Development $31.15 No Synopsis Available |
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E260D TAA/GOV COMPLIANT $198.99 E260D TAA/GOV COMPLIANT |
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C544DN TAA/GOV COMPLIANT $503.99 C544DN TAA/GOV COMPLIANT |
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GoVenture: Small Business $495 GoVenture Small Business simulates day-to-day experiences typical in starting and running a small business. Students experience all aspects of running a small business from hiring, inventory, sales marketing to evaluating customer satisfaction. |
