The Secret to Acquiring Business Grants

by: Michael Saunders

Since 2002, the federal government has been developing and implementing Grants.gov as a collaborative cross-government program focused on streamlining grants management for the Federal grant community.

Grants.gov is the one-stop-shop Website to apply for more than $400 billion in Federal grants.

Managed by the U.S. Department of Health and Human Services (HHS), Grants.gov is one of the 24 E-Government initiatives operating under the governance of the Office of Management and the Budget (OMB). The Website centralizes grant information and electronic submission for more than 1,000 grant programs across the Federal government.

Business grants could be one of the most important financial tools that nearly all businesses would need. They may not be the single most significant support businesses could have, but they can get definitely help you start the business right.

Business grants refer to a particular amount of money that is being granted by the government to a particular business. Some people may have thought of it as a “free financial support” from the government, but they are not. That is because there is an equivalent effort, time, and sweat entailed when requesting for grants.

Moreover, not all businesses can avail of business grants. Even if the government provides business grants to support businesses, certain qualifications are required prior to the approval of the business grants.

Primarily, your business should be a not-for-profit organization or it should include an expansion of a new knowledge or technology. If your business does not fall under these categories, you are not qualified for a business grant.

However, there are some instances that the government may award business grants if your business can prove that it can develop a new technology for economic advancement or if you can meet the requirements. You need to accomplish all the prerequisites at an agreed period to get the business grant. If in case you failed to meet the deadline, your request for a business grant will not be approved.

Secondly, your business should have a business plan. If you think you can qualify for business grants, you should consider having a business plan as well.

Getting the first stage of the application is just the start of your journey. You need to create a business plan in order to guarantee the government that you really intend to develop your business and help the economy. In this way, you can show them that your business aims to develop a knowledge that will boost the country’s economy.

What most unsuccessful businesses failed to realize is that business plans are extremely important when establishing a business. Statistical reports show that more than 85% of unsuccessful businesses do not have business plans.

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Did you know?

Applying at Grants.gov can reduce your costs and the time required to find government grant opportunities and process your application. The site provides access to multiple grantors and reduces paperwork.

By downloading a grant application package, you can view it offline, giving you the flexibility to complete the application when and where you want.

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The Secret to Acquiring Business Grants
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About The Author

Michael Saunders has an MBA from the Stanford Graduate School of Business. He edits a site on Government Grants for Women Owned Businesses and also edits HandsNet - A Human Services News Website.




Additional Government Grants Resources


Early-Stage Innovative Technology Development for Cancer Research Program
The National Institutes of Health has collaborated with the National Cancer Institute(NCI) in order to establish Early-Stage Innovative Technology Development for Cancer Research Program, wherein both agencies intend to solicit grant applications expressing intents to conduct funded exploratory research projects that concentrate on the inception and development unique, innovative technological advances that could potentially be utilized in the study of cancer.


National Science Foundation: Geoinformatics Solicitation Grant
Geoinformatics is the science and technology of developing and using information service sciences in addressing the problems related to geography, geosciences and other branches associated to engineering.


Government Grants Within The United States Energy Sector
Can you imagine your life without energy? Without electricity? Picture going on a full day without power, no lights, no water supply, no air-conditioning, no computers, no internet connection, no nothing. Seems pretty bleak, doesn't it?


Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.


USAID University Engagement through Higher Education Institution Program
The United States Agency for International Development has recently constituted the USAID University Engagement through Higher Education Institution Program wherein it seeks to hone the knowledge, research skills, and creativity of higher education campuses.


Grants and Loans From The Department of Energy
In 1977, the President of the United States of America signed the The Department of Energy Organization Act which mandated the creation of the United States Department of Energy, which more commonly known as DOE.


First Time Homebuyer Programs in Georgia
The state of Georgia offers a variety of programs to assist first time home buyers. The programs are offered primarily through the Georgia Department of Community Affairs.






Finnovation Lab, a Twin Cities-based program supported by the Bush Foundation, has graduated its inaugural class of social impact entrepreneurs from its fellowship program.









More Federal Domestic Assistance Programs


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Edited by: Michael Saunders

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