How To Get A Grant For Small Business Development

Table of contents:

How To Get A Grant For Small Business Development
How To Get A Grant For Small Business Development

Video: How To Get A Grant For Small Business Development

Video: How To Get A Grant For Small Business Development
Video: Every Way to Get Small Business Grants in 2021! [Local, State, and Federal Grants] 2024, April
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Nowadays, any entrepreneur dreams of receiving a grant for the development of a small business. Indeed, unlike a loan, it will not need to be returned. The only problem is that such financing is carried out only in certain areas of activity.

How to get a grant for small business development
How to get a grant for small business development

Instructions

Step 1

To get started, find a fund in your region or city that supports small businesses. They provide grants for not registering a business, obtaining the necessary licenses and certificates, renting premises, purchasing raw materials and starting production. As a rule, entrepreneurs who are engaged in financial activities, real estate transactions, rental and rental of cars, equipment, production and sale of alcohol and tobacco, as well as organizers of gambling are not allowed to participate in such programs.

Step 2

Next, draw up a detailed business plan for the development of your small business. Attach to it the documents that are required to participate in the competition. All submitted projects are submitted to an independent examination. The criteria by which they are evaluated are economic feasibility, scientific and technical novelty, the prospect of market sales of products.

Step 3

To participate in the program, complete the training. Usually these are courses that are created at the foundation and are held in the form of seminars. A prerequisite for participation in such programs is the absence of debts to the budget of all levels, including tax liabilities. The size of the grand can be different, as a rule, they do not exceed 300 thousand rubles and cannot be more than 70% of the amount required, according to the business plan, for business development.

Step 4

Please note that the grant may not be issued in whole, but in tranches, that is, in parts. First, you will receive a certain amount for the first phase of your project. Only after a detailed report on its use can one expect the next tranche. And remember that most often money is allocated for the development of small businesses in agriculture, the service sector and the creation of consumer goods. The main thing is that you need to carefully study the potential sales market, and even better - a decent client base has already been formed.

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