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Getting Government Grant Assistance when Opening a Local Small Business

Posted On : Nov-01-2009 | seen (540) times | Article Word Count : 309 |

It can be stressful to get a small business off the ground. It's necessary to have a business plan, a strong business sense, and to obtain the needed money. While you can always go to one of your local banks to ask about a small business loan, you may not get it or it may not be enough to cover all your costs.
It can be stressful to get a small business off the ground. It's necessary to have a business plan, a strong business sense, and to obtain the needed money. While you can always go to one of your local banks to ask about a small business loan, you may not get it or it may not be enough to cover all your costs. Another means of assisting small businesses in obtaining funding, one that most people simply don't know exists, are local area grants to help local businesses start-up.

The first place you probably want to go to ask about available grants for starting-up a business is your local Chamber of Commerce. Working hand-in-hand with the Better Business Bureau, these agencies provide grants to help small businesses, which in turn helps grow the local economy. Small businesses need to employ people too, which creates jobs in the area. Regardless of the economy, this is important, even for less populated areas.

The Federal Government provides funds for small community grants known as the Community Development Block Grant Loan Program. Your local community can apply for a grant from the government for these kinds of programs. The funding is utilized by providing low interest loans to local companies which helps them get up and running. Typically there is a rule that the employees the business hires are local.

Although the grant money may take the form of a loan that will have to be repaid, the interest rate will be much lower than that of a regular, small business loan. Regardless, you should take the initial funding for your small business seriously. Your local Chamber of Commerce should be able to refer you to other kinds of grants that provide assistance to local businesses if there is a lack of grants available in your region.

Article Source : http://www.articleseen.com/Article_Getting Government Grant Assistance when Opening a Local Small Business_4783.aspx

Author Resource :
Business consultant, Derrick Anderston highly recommends outsourcing lead generation services for all small to medium businesses. Derrick knows companies increase revenue and customer base when they can generate strong business telemarketing.

Keywords : lead generation companies, lead generation company, cold calling companies, outbound telemarketing companies, b2b lead genera,

Category : Business : Small Business

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