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We have noticed a lot of news, advertisements on televisions and internet about grants for new businesses or free government financial support for starting up or expansion of your business. The question is “How real are these advertisements and promotions?”

Unfortunately, this information about government providing huge amount of free money or grants for new businesses are virtually impossible to get or that they are really hard to come by. There isn’t that much grants available for personal or small business use.

Government grants are real but it is generally intended to help specialized business such as non-profit organization and educational institutions fields like science research, medicines, and technological development. Primarily, grants will go to programs that will benefit communities or the public at large. Nonetheless even such programs would need to be verified and scrutinize before being accepted and provided with the grant. There are also documents and requirements that need to be submitted beforehand in order to qualify for such grants.

There are various categories of organizations that are eligible to apply for government grants for new businesses. These are:

Government Organization

• State , Local, and Special District Government
• Native American Tribal Government

Education Organizations

• Private, Public and State Controlled Institutions of Higher Education

Non-Profit Organizations

• Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education. 501(c)(3)-Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations

If you are not one of these specialized businesses, then you will be having difficulties in acquiring government grants. However, there are other ways the federal and state government can help you in your business. They can assist you in improving your business plan and provide financial assistance through SBA Small Business loans programs and secure a low-interest loan.