Q. Because, I served in the Army for four years, have been to the middle east, got honorably discharged, and now go to Film school. I would like to get a loan, to start a business, when I get out. Or use that money to make an independent film/video. Also I have bad credit, does the VA care?
A. The Small Business Administration and the VA have resources to help you start your own business, but they do not actually loan you money. The SBA will help you get a loan from a lender for up to $500,000. They "guarantee" a percentage of the loan to the lender in case you default payment, which helps you get the loan, but you still must have a solid business plan, financial statements, and some kind of collateral. If your business fails, you are still responsible for the full dollar amount of the loan.
Are there any grants or other resources for veterans looking to buy an existing business?
Q. There is a restaurant for sale that I am interested in buying. I am a veteran of Operation Iraqi Freedom, so I was wondering if there are any special opportunities for veterans as far as grants and such for buying a business.
Any help would be appreciated! Thanks!
Any help would be appreciated! Thanks!
A. Go to the SBA website. There is a new loan program called the Patriot Express. It is similar to the home loan program where they gaurantee a certain % of the loan. Good Luck!
How do you find Veteran home buying grants?
Q. Does the government offer any grants for veterans who are looking to buy thier first home? If so, how would I go about finding information on them.
A. VA LOANS UNDER THE GI BILL GO TO YOUR LOCAL VA OR VA.GOV AND READ ALL ABOUT IT FROM BUISNESS TO HOMES
Career suggestions for a veteran mortgage guy?
Q. I have been a loan officer, sales manager and Wholesale rep at various times over 31 yrs. I never wrote subprime loans. With the mortgage crash, I am looking for another career. I am not really interested in insurance, financial planning or being a stockbroker. I do have a college degree.
Any suggestions?
Thanks!
Any suggestions?
Thanks!
A. Find a nice place, Long Island may be, and start your own company. It's full with rich people that are ready to spend a lot of money for landscaping. Hire two guys and in the mean time you can go surfing,have fun! Good luck!
What are good resources for applying for small business loans and grants?
Q. I would like to open a small business and I need to know what resources are available to me to help support the financial part, not sure where to begin my search and how to go about finding the requirement to apply for grants/loans, any help will be greatly appreciated. I have a business plan completed ready to be submitted just not sure where.
A. You stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov than a government grant. Read the SBA Financing page to learn about criteria needed for borrowing
It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for starting a for-profit business.
One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs http://www.sba.gov/aboutsba/sbaprograms/sbir/index.html , which fund the research and development of technological innovation that meets specific government needs.
Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups -- minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include
Iowa Women's Foundation http://www.iawf.org/
New Mexico Women's Foundation http://www.nmwf.org/guidelines.html
Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/mostrequesteditems/CON_FAQ2.html
"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."
Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.
Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.
http://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show
Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program
Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs
It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for starting a for-profit business.
One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs http://www.sba.gov/aboutsba/sbaprograms/sbir/index.html , which fund the research and development of technological innovation that meets specific government needs.
Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups -- minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include
Iowa Women's Foundation http://www.iawf.org/
New Mexico Women's Foundation http://www.nmwf.org/guidelines.html
Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/mostrequesteditems/CON_FAQ2.html
"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."
Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.
Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.
http://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show
Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program
Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs
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