(Visit Now www.CoachingByMyke.com ) HOW TO APPLY FOR A GOVERNMENT GRANT ! You May Be Eligible For Thousands of Dollars in Free Money in Government Grants With No Obligations Everyday, thousands of dollars go unclaimed in government grants. This is Free Money that you may be entitled for to help yourself make it through tough economic conditions. You can use government grant money to pay your bills, college, school, medical expenses, business costs, or even personal use. Back in 2009 the government has made available a wide variety of programs. This includes 1000 Federal Programs, 24000 State Programs, 30000 Private Foundations and 20000 Scholarship Programs. Then are now over 1500 government grant programs available through 57 different federal agencies. In 2010, the government has also allocated billions of dollars in government grants and various funding programs. Ask yourself this question? How much more profitable would your Real Estate business be if it was funded with free grant money? What if you could use Grant Money to pay your staff, your corporate lease, and your mortgage payment on properties you own while also paying yourself a generous salary all with FREE Grant Money. Would you be interested? I Thought So.Good News! I will teach you how to get Grant Money so that you can experience this same success, whether its financially, or finding your purpose in life and turning your dream into a reality. http With over 20 years experience in getting Grant Money, I …
Under the guaranty concept, commercial lenders make and administer the loans. The business applies to a lender for their financing. The lender decides if they will make the loan internally or if the application has some weaknesses which, in their opinion, will require an SBA guaranty if the loan is to be made. The guaranty which SBA provides is only available to the lender. It assures the lender that in the event the borrower does not repay their obligation and a payment default occurs, the Government will reimburse the lender for its loss, up to the percentage of SBA’s guaranty. Under this program, the borrower remains obligated for the full amount due.
–What is meant by this (in lay terms)?
I have a friend who lost her job with a Dell call center in Oregon & she is trying to find government or private people that provide funding to start a small business. She tried the Small Business Association, but they require adequate equity investment, evidence of ability to repay the loan from earrnings & reasonable amount of collateral. Also, they do NOT provide grants.
She has researched the business she wants to start, but she cannot meet the requirements of the SBA & she would prefer grant money. Like she told them, over half of ALL new businesses fail within the 1st 5 years due to lack of operating capital & they want me to pay THEM back instead of being able to put the money back into the business to see that it succeeds. ANY IDEAS from you folks????
Do you know of anyone who has gotten a business grant & from whom it came????
THANK YOU!!!!
I thought the SBA was supposed to support and help new and small businesses by filling the gap that regular commercial banks don’t want to risk because they are backed by the government. Trying to start a business without perfect credit in the U.S is a joke. I won’t get approved from the bank so I call the SBA and I’m told to go to my bank and ask them for a SBA guaranteed loan. Whuptie duh, my bank is going to look at my credit and because I don’t have over a 700 and a large sum of money for down payment, I’m screwed. So what’s all the bs about our president saying that they will be giving M to help support small businesses.
Chris Hurn, CEO of Mercantile Capital Corporation, on Fox Business News Speaking about the Small Business Lending Environment, 504 Loans, CIT’s Problems, SBA Funds and Government Funding. ________________________________________ Visit Us at www.504experts.com Follow us on Our Blog : 504blog.com Facebook facebook.com Twitter : www.twitter.com Digg : www.digg.com For more information contact us at: Email: info@mercantilecc.com Phone: 1-866-622-4504
Loans up to ,000 at prime + 2.0% (currently 5.25%) but the government pays all of the interest so they are interest free for the borrower.
A six month draw and then twelve month deferment on payments (that means no payment by the borrower for 18 months while the government is paying interest.
A five year repayment with a 100% guarantee to lenders from the SBA. (if the borrower defaults the government will pay the lender 100% of what is due).
The SBA expects most of these loans to default.
These will go only to approved business types (no casinos or strip clubs) and only for approved purposes (hopefully to save the small business).
When starting a new company, where can the new business owner apply for initial capital?
I would like to learn from other’s people experience (established new business owners) where did they get the money for their first year of business (replacing my previous employee salary and hoping for possible 1-2 projects in the first year of operating). My business is currently home based and it employs only myself.
The Internet is full with these ”apply for government grants” promotions but from what I read it’s mainly a scam. More conservative options I read are applying to a loan backed by the SBA or maybe American Express.
My partners and I just formed a small business LLC company that is going to be specialized in Information Technology consulting for the local and federal government as well as the private sector. However, there’s a need to get a business loan to be able to execute the first subcontracting or prime contracting oppurtunity that comes our way. Most banks don’t give more than 100K and SBA don’t offer must except grants around 5-10K. Please, is there any other organizations out there that can give business loans at great rates with loans ranges from 50K-200K. All the partners are US citizens and we all have good credits. We are just not such how to go about this.
Your courteous response will be appreciated.