Let’s get the bad news out of the way first: there is no such thing as free money from the federal government to start or expand your small business. Does that mean all those ads for books, seminars and courses claiming to help you tap into little-known programs are wrong? It depends. While there are some patently false and misleading advertisers out there, most “free money” pitches simply do not tell the entire story. There is a reason why the proverbial “fine print” is so small. True, many government agencies provide grants to small businesses, as do private organizations and institutions. But as home-business-savvy.com notes, “they generally direct their assistance toward specific projects, charities, lending institutions, non-profit organizations, educational institutions, etc. Very little money goes to individuals.”
The U.S. Small Business Administration (SBA), an agency dedicated to the growth and success of the nation’s entrepreneurs, is no different. What few grant programs the SBA has are directed mainly to non-profits, intermediary lending institutions and programs administered by states and localities for purposes such as economic revitalization and technology research.
Milton Zlotnick
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