| There's no such thing as a free lunch. Although, | | | | look on other activities you can do before you write |
| grants may seem like a free lunch, technically they | | | | a proposal for a planning grant. |
| are not. After receiving a grant from a government | | | | 2.) Start-up grants |
| agency, the grantee is expected to meet the | | | | Also known as seed money, start-up grants assists |
| obligations required of him, which are submitting | | | | an organization during its first couple of years. It is |
| progress reports on the business or the | | | | like a push for the business venture to do well |
| charity-organization to which the grant was first used. | | | | without worrying about financial resources. These |
| The grantee decides how much money the agency | | | | grants are often for more than a year and it |
| will lend him - as long as it meet s the criteria of the | | | | decreases as each year pass. This is because the |
| Government agency. Money is non-taxable and | | | | funder expects the company to slow get into its |
| interest fee. None of these programs require the | | | | feet as time goes by. Up to $500,000 from venture |
| grantee to submit a credit check, security deposits, | | | | capital companies for your new business. US |
| collateral or co-signers. You can apply even if you are | | | | Government Grants for Citizens |
| bankrupt or have a negative credit history. Anybody | | | | 3.) Facilities and equipment grants |
| can do so, as long as you are over 18, a taxpayer | | | | Also known as "brick and mortar" or capital grants, |
| and a US citizen. Guaranteed US Government Grant | | | | facilities and equipment grants assists the company |
| for USA Citizens at | | | | to buy the physical asset for the establishment. |
| These grants are classified into two kinds. The first | | | | These could be the building, the computers or the |
| kind is the general purpose or operating support | | | | vehicle, for example. In the proposal of the applicant, |
| grants. This occurs when the government agency | | | | he must defend his proposal for the acquisition he is |
| bestows a grant to your organization that will be | | | | requesting for. How will this help the company and be |
| used to operate and support the general expenses in | | | | of service to his clients? Funders also require the |
| running your establishment. An operating grant is | | | | applicants to make a report on their progress |
| when the lender supports the organizations' goal and | | | | because they double check whether the companies |
| invests in them to make the most out of the money | | | | are able to maintain these resources over time. |
| that they lend you. | | | | 4.) Endowment grants |
| Second kind is program development or program | | | | Non-profit charities have money set aside that they |
| support grants. This is when the government | | | | use to invest and earn interest in the future. The |
| supports not only the procedures but also the | | | | principal sum remains untouched because they only |
| processes in the progress of the campaign. These | | | | spend the interest. These are endowment grants and |
| include the planned activities targeted to get positive | | | | are rampant with charities like hospitals and colleges. |
| feedback for its culmination. | | | | The fund-raising efforts for the benefit of hospitals |
| If you would like to know the common kinds of | | | | and colleges start from these kind of grants. But the |
| project grants, here are some of them: | | | | government makes sure that the interest of the |
| 1.) Planning grants | | | | principal sum or the endowment remains the same so |
| A good deal of money and time is spent figuring on a | | | | that there is no need for the endowment to meet |
| major new program for your company. Research | | | | the annual operating costs. |
| whatever is needed, consult with the people involved, | | | | 5. |