Questions about Grants
What are some of the grants that are available for small businesses?The federal government has an association called the Small Business Administration (SBA). The SBA is a good institution to find any kind of government or private grants that are offered to small businesses. However, receiving one of these grants depends on the qualifications and certain factors about the business that is looking for a grant. These qualifications may include the minority status of the owners and even the geographical region that the business would be in. There are many ways to find a grant that would benefit a small business. Here’s a link that will lead to a great tool from the SBA that will help when looking for grants that qualify: http://www.sba.gov/content/search-business-loans-grants-and-financing.
When applying for a grant, is there a need for some sort of payment in order to receive the grant?In most situations, no money is needed in order for a grant to be received. If an organization asks for this, then that organization is usually a scam. The government does not require money to be paid when they are giving out money for those who qualify for the grant.
If a college grant is taken away because of a condition which was not stated when the grant was received, what are some steps to take to fix this issue?Grant money is usually very specific when it comes to what it can and cannot be used for. If a certain condition for the grant is not met or followed through with, then the person that received the grant will have to pay by themselves. However, if the condition was not stated in the original grant, then the matter cannot be considered a criminal one. Conditions of a grant should be stated very clearly, so a wrong decision is not made with the consequences being unknown. In general contract of law, if the issue was silent and unknown, then the people who wrote the contract would have to deal with not being clear in the conditions of the grant. This would also make them liable for not specifying what the grant can and cannot be used for. The only thing that can really be done, however, is to ask if there is an appeal process for the rescission of the grant money and state that the certain condition was not made clear in the original grant.
How does one find a legitimate grant writing company?Usually, most grant writing companies that people find are illegitimate. A way to tell that a company is not legitimate is when they guarantee results. They make people believe that there is a ton of money just waiting for people to stumble upon it when they need it. They also very commonly make people pay in order to receive a grant. In reality, the government does offer grants to people, but they are very specific in the qualifications in receiving a grant. It also takes a lot of effort to get them. The most trusted way of receiving a grant is to go to www.grants.gov and see what is available that one qualifies for.
Is it possible for a small business to receive grants from private organizations?It is possible for a small business to receive a grant from a private organization, but it is very wise to be cautious about the situation. When dealing with this type of situation, it is a good idea to check with certain law offices for any complaints of fraud. It is not considered to be a good idea to provide too much financial information or any information that does not have anything to do with the process. It is best to find out everything about the company that you can, check resources for any kind of fraud charges or complaints, and refrain from providing personal and financial information.
When it comes to grants and how to deal with them, it is a good idea to be careful about the information you disclose to those who ask. It is always a good idea to double check about any information you receive about grants just to make sure that they are legitimate. Remember, when any questions arise, it is always best to ask the Experts.