By the time I’m done with this video, there shouldn’t be anything else for you to do BUT to get to work and start completing applications at the right places.
I’ve done all of the research for you and will give you everything you need to know, right NOW.
In this video, I’m going to tell you exactly where I would go to find money for my business IMMEDIATELY. I’m going to give you the most effective ways to find small business grants, regardless of the time period!
And I’ll also go over some of the HOT topics related to the Covid Recession.
So let’s begin. First of all, what is a grant?
A grant is simply a sum of money that is given for a particular purpose. It is most commonly given by governments and other organizations. “Other organizations”, such as nonprofits, are very important. Because, the government frequently provides funding to nonprofit organizations, who in turn, grant money to small businesses.
Many people ask me, “Well, what’s the difference between a grant and loan?”
Simple. A grant does not have to be paid back. A loan does. Now, if you do not use a grant for its specified purpose, you may be required to pay back the full grant amount (and possibly suffer more consequences).
So only apply for grants that are specific to your business needs. Now that that’s out of the way let’s talk about the most effective ways to get grants.
Generally, the most effective way to receive grant funding is to start where you are. Start with your local city and county government, then move up to your state and federal government.
In the video, we discuss how to do these things:
Intro: (0:00) What is a Grant: (1:47) How to Get Local Grants: (2:45) How to Get State Grants: (9:00) How to Get Federal Grants: (10:00) Do this Before Applying: (11:50)
Finally, before you start applying, you need to have your ducks in a row. You should have an incorporated entity, completed tax returns, uptodate books, and most importantly a plan on how you plan to use grant funds.
Our firm does not assist with helping you obtain grants. However, our fullservice accounting firm does offer bookkeeping services, tax planning and preparation, CPA Services, and CFO Services. We offer these services exclusively to small businesses.
/// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).