Small Business Grants in the States

Small business grants are closer than you think. In fact, the small business grant you need to start or expand your business may be available right in your own home state.

While there are still no direct small business grants available from the federal government, many state development agencies offer direct small business grants and other types of financial assistance designed to encourage and assist entrepreneurs in starting or expand a small business.

Business Funding Secrets Newsletter - Business Plans

Business Plans
All business loan and venture capital deals begin with the clear communication of the facts, which influence a Funding Source to consider the transaction. This communication comes in the form of a business plan.
Great insight into the Client's company comes from the business plan. Therefore, a plan needs clear and concise data stating the Client's product, or service, who they are, their track record, the funding request, financial statements, and other informative information. Clients must use the plan to effectively communicate their strategies, and their commitment to the success of the project.

An effective plan will always start with a one page Executive Summary. This one page will be written with facts, no fluff, so that the reader has a clear understanding about the company and what they do. Statements made in the Summary are supported by the documentation within the body of the plan. It is the summary that encourages the reader to spend valuable time digesting the rest of the business plan.

It is advisable for the Client to have a good understanding of all the elements necessary to make a successful plan. There are always Clients who spend too much time trying to market projects to funding sources, when the project has no chance of being funded due to the poor quality of the business plan. The business cannot be funded if no one is willing to read their plan and accept the information as being of sound business and financial reasoning.

There are a number of books and sources available to assist the Client develop a better understanding of writing and presenting a business plan. One source that provides free business information is the web site www.StartingAndExpandingABusiness.com. Along with other information on this site there is a list of books, which focus on the development of business plans.

books were the ones recommended by professionals who participated in a national survey concerning books on business plans.
When approaching a Funding Source, Clients should take into consideration: if a person is job hunting, does a quality resume, or a sloppy one have the greatest possibility of landing the job? The answer, of course is A quality. When seeking capital for projects, the same is true concerning business plans.

Currently, there are a tremendous number of deals already in the marketplace, and there are many more people looking to expand their business. Many of these deals submitted for financing are turned down due to the fact the A Plan is not adequate and will never be successfully accepted by a Funder.

Clients need to understand the chances of successfully funding a project, diminishes greatly when they are unable to present a quality business plan. Submitting an inadequate plan, or completing a plan with partial effort, will not get successful results.

When a Client submits an ineffective business plan to a Consultant who will then in turn submit the plan to multiple funding sources, the Consultant has choices: one, trash the deal and move onto the next deal, two, the Consultant can waste time and money calling other Consultants and Funding Sources in a fruitless attempt to find Funding, or three, determine whether the project is at least viable then discuss with the Client the facts of submitting a quality package.
Until next time,
Brad MacLiver

Copyright Business Funding Secrets 2005
For more information on obtaining funds from the capital marketplace, you can: 1. Receive the monthly newsletter, Business Funding Secrets, which provides tips and information concerning business funding. http://www.businessfundingsecrets.com 2. Review information from The Project Corporation, a professional consulting firm with expertise in business funding. http://www.theprojectcorp.com, & http://www.businessloansandventurecapital.com

Small business loans

Small business loans
you have just started up a small business and think that you have potential to do well in this venture, but just don't have the capital or finance to start up your project, then if might be a good idea to take out a business loan. This can provide you with money to take your project off the ground, and once your business gets going, and you make profit you can pay the loan back in full.
Small business loans are available for people who hold bad credit aswell as good. This is something that not many people know about. You can get a secured loan or unsecured one. A secured loan requires you to put down something as collateral, such as your property, car etc, but for an unsecured one you don't have to put down anything. In a unsecured loan the interest is higher though.

What factors affect the loan?

Factors such as

• Credit status
• collateral value
• availability to repay it back

If you have bad credit, your interest will be higher due to you having a higher risk of not paying it back.
To be given the loan you will have to give a profile plan of your business, giving details about your business and plans to make it take off, etc.
You will also have to request a document stating the type and amount of loan you wish to have, and for how long a period you wish to have it for.
Small business loans are efficient if you know how you are going to plan the project,
Even if you have bad credit you can still obtain a loan, and rebuild your credit by repaying the payments for your loan on time, without missing a payment.

Rebuild to get an A++ credit file Click Here

Along side Small business start-up loans, an alternative way to borrow money would be to take out a Government Grant. This is money you Don't have to repay back!

Get a Government Grant now -> click here <-