Small Business Loan Grant

Small business loan grants are not readily available from the Federal Government unless a business focuses on research and development for technology based products and services for the government. If a person were looking for a small business loan grant from the government, it would have to involve the development of new technology or would have to be a non-profit organization. Knowing all the requirements for any type of loan is the first step in obtaining the right sort of loan.

This type of financing is readily available in many states and many state development agencies offer direct small business loan grants and other forms of financial assistance. They differ in types from state to state and a person might have to research a bit to find one that suits specific needs. The United States government does work with intermediaries, banks and lending institutions to provide loans and venture capital to these types of businesses. When looking at financing for a business make sure to look at all avenues of possibility. Romans 15:13 says Now the God of hope fill you with all joy and peace in believing, that ye may abound in hope, through the power of the Holy Ghost. A person can always have hope in God. Be diligent in prayer and faithful to His plan.

The SBIR program, made up of ten federal agencies having annual external research and development of more than one hundred million, must reserve 2.5% of their funds to award in the form of small business loan grants. These are offered on a competition basis yearly. Another source is the Small Business Technological Transfer (SBTT) Program. They are five different agencies with annual external research and development budgets of more than one billion. They must reserve .15% of their funds for award to collaborative efforts between smaller businesses and non-profit research institutions. If a person has any problems obtaining small business loan grants, the SBA offers a myriad of financing for the entrepreneur.

Many government agencies now use their web sites to provide the public with free information about their programs. Funding for a small business loan grant can be found with just a bit of research. Whether it is from the Federal Government under their guidelines for a small business loan grant or from a state agency, it can help start up a dream or expand an existing venture. The SBA is mandated by Congress to assist America's smaller businesses in obtaining financing of this sort.