Q: How can I keep up to
date with what's offered?
A: There is no
easy way to do this just on your own. Changes are constantly
occurring with grant
money programs being revised, introduced or withdrawn.
The resource sections in our grants
and government loans program are online and updated on a
Who qualifies for grants and government loans?
A: There is no
business or Individual, which is excluded from applying for
government or foundation assistance. There may be
restrictions applying to individual programs but such agencies are
in the minority.
What sort of grants is available?
A: There are many
different ways in which businesses and individuals receives
government and foundation support.
grants only for large corporation's?
A: No, the
government wants you to take advantage of their programs so each
agency will be eligible for additional funding the following year.
They Must Give This Money Away!
Are grant applications competitive?
A: In the sense
that there is a limited amount of money in the kitty, each
application competes with others. Some programs are more
obviously competitive in that the awarding body will state in
advance "the 50 best proposals received" in a period
will be successful. However, these types of programs are not
There are various programs in
existence. However, where the nature of the program is to
find and reward the best applications, perhaps on a regional and a
national basis. Naturally with these types of programs the
number of winners is very limited.
Is the money taxable?
A: Usually where
the grant is in the form of cash it is treated as normal revenue
for an existing business and is therefore subject to tax in the
same way as ordinary revenue, after deduction of expenses and
allowances. Start ups tax status are dependent on the
organizations tax declaration.
Programs for business which
provide assistance in kind (i.e. where no direct cash award is
involved) will not normally attract any additional taxation.
How do I get paid?
A: The agency will
send you an acceptance letter with your award amount.
Will bad credit interfere with obtaining funding?
A: NO, grants are
not based on your credit. grants are not a loan, even the
unemployed receive assistance.
What is the average amount awarded?
A: $500.00 to
50,000.00 is average for small ventures, but it depends on what
the funding will be used for. Businesses that benefit the
communities have been awarded $250,000 to millions in federal and
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