Starting a new business can be an exciting venture - unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be considering a loan from a bank or other lender; you should keep in mind that there are some other alternatives for funding that might serve you well in addition to traditional loans.
by: John Mussi
Starting a new business can be an exciting venture -- unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be considering a loan from a bank or other lender; you should keep in mind that there are some other alternatives for funding that might serve you well in addition to traditional loans.
Of course, before you can do much work toward getting the money that you want you'll need a business proposal and you'll have to be willing to consider a variety of different funding options.
Drafting a business proposal
The first step toward getting the money that you need for your new business is creating a business proposal. This can require a lot of research and estimations, as it should include sections on how much money you'll need, how much money you hope to make, what competition you'll face, what equipment and training your employees will need, and other statistics that may vary depending upon what sort of business you're planning on opening. It's best to do additional research on business proposals, so that you know that you haven't left out anything that's vitally important.
Once you've created your business proposal, you should begin looking for business grants that you might qualify for and begin submitting applications. Business grants work much like a business loan, with the exception that the money issued with a grant does not have to be repaid. Any business grants that you can receive will be a great boon to your business, as it means additional funds as well as the knowledge that someone believes that your business will succeed.
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.
Additional Government Grants Resources
Regional Ecosystem Prediction Program: Center for Sponsored Coastal Ocean Research The United States Department of Commerce has recently constituted the development of the Regional Ecosystem Prediction Program, specifically the Center for Sponsored Coastal Ocean Research. Finding And Applying For Government Grants According to a U.S. government website, there are $400 billion in grants currently available in over 1000 different programs. Naturally with such a huge amount finding a program that you or your comp... Genomic Advances to Wound Repair The National Institutes of Health has coordinated with the National Institute of Nursing Research (NINR) to establish a program called Genomic Advances to Wound Repair in an effort to jump-start research studies that have the potential to deepen the understanding of genomic mechanism associated with the repair and development of wounds that are chronic in nature, which implies that these wounds have failed to enter into a reparative process after three months. Downpayment Assistance Program for the First Time Home Buyers in North Carolina In an attempt to contribute to the eradication of this problem, the North Carolina HFA has established the Downpayment Assistance Program for the First Time Home Buyers wherein they provide interest-free, deferred second mortgages up to $8,000 to cover the downpayment and closing costs of a chosen property. Alaska Native-Serving and Native Hawaiian-Seving Institutions Education Competitive Grants Program The National Institute of Food and Agriculture has recently constituted the Alaska Native-Serving and Native Hawaiian-Seving Institutions Education Competitive Grants Program wherein it intends to award funds in an attempt to support education, applied research, and several other related community development programs. Scalable Nanomanufacturing Grants Program The National Science Foundation has announced the constitution of the Scalable Nanomanufacturing Grants Program wherein it intends to deepen and encourage research and education in the area of scalable nanomanufacturing, including the long-term societal implications of the largescale implementation of nanomanufacturing innovations. Health Care Innovation Challenge The Centers for Medicare and & Medicaid Services has recently established the Health Care Innovation Challenge in an attempt to solicit proposals to establish interesting new models of service delivery that can potentially deliver the three-part aim of better health, better health care, and finally, lower costs through the improved quality of Medicare, Medicaid, and Children's Health Insurance Program.