Free Business Loan

Free business loans are those without interest, which are available to particular entrepreneurs, meeting requirements set by the government, both state and federal. The Federal Government gives away in excess of three hundred and fifty billion dollars every years in government monies and grants. For those who are looking for a free business loan to help start a business or increase profits that already exists, the Federal Government can and will assist entrepreneurs. As entrepreneurs look into such opportunities, they need to pray for God's guidance. "The meek will he guide in judgment: and the meek will he teach his way" (Psalm 25:9).

To obtain interest-free lending, all applicants need is the desire and a plan, which is nothing more than a document that states what the company is going to do and how they are going to make money doing it. This, of course, is something that the applicant has already thought of before beginning to search out free business loans. The entrepreneur needs to prove to the lender that their company is a wise investment and that there is little chance of defaulting on the funds. 

There are many websites that offer assistance in obtaining interest-free lending for supportive information for a small fee. People can apply directly to the government or to a private foundation for the funding of a free business loan by merely surfing the Internet. Private foundations offer monies for start-up companies with 840,000 listed organizations. Private foundations are required by law to give away 5 percent of their assets each and every year or they lose their non-profit status. These free business loans are provided to the general public, basically, anyone who is in need of funds. There are grant monies available for specific groups of people also. There are grants for minority business development, assistance to economically disadvantaged businesses and free business loans specifically designed for women owned businesses. They offer up to two million dollars to help stimulate the economy and create jobs.

The key to obtaining such lending is preparation and knowledge about the funding source. Although it may seem overwhelming, there are government programs and hundreds of books regarding money for company start-ups and how to obtain it. Entrepreneurs need to identify the particular program that fits their needs and determine if they fall within their criteria as some of the programs do have some restrictions. So, obtaining lending from the government takes a little effort on their part, but the helps that are available such as search engines that allow people to search for a free business loan by city or state can make the search for a free business loan quite profitable.