If you have ever thought of starting a business, but dont have any seed money to get started, then you might be wondering where you can get free money to start your business. Before you begin a search for money to start a business, you should determine whether you are going to be a private for profit business, or a not for profit business. If you are a not for profit business, you can research free for free money based on the type of activity or organization.
Targeted funding for nonprofit businesses can include such descriptions or objectives as:
- Arts & Culture
- Advocacy groups
- Organizations helping or employing those with disabilities
- Historical preservation
- Disaster relief
- Animal shelters
If you are a private for profit business, then money might be available based on what type of business you want to start, or some kind of qualifying factor. There are a multitude of sources to obtain funding. A few of them are listed below as examples, but there are many more factors that you can research to see if you are eligible.
Here are some qualifying factors for some funding sources for free money for a business:
- Your age
- Your sex
- If you are a minority
- Where you live
- Your educational status
- If you are gay or transgender
- If you are starting a business that is science based
- If you want to run a farm
There are different types of free business money available, but these sources should be defined. There are grants available for almost every kind of business that you can imagine. A grant is a monetary aid that is not a loan and does not have to be paid back to the funding source. The competition for grants is very competitive. You should study books or articles on how to write grants or research hiring a grant writer to write grants for you if you have difficulty with writing.
Another source of funding is gifts. Gifts are donations of physical assets or money itself to help a start up business get off the ground. Like a grant, these donations do not need to be paid back to the donor, however; you may need to meet certain qualifications to receive the gift. For instance, lets suppose you are starting a small not for profit animal shelter, and you are a 65 year old retiree. You might qualify for some types of funding based on your age, and you might qualify for other types of funding based on what king of business you decide to operate(not for profit or for profit). In any case, study how to write proposals for grants and gifts to start your business. Here are a couple of good websites to get you started on the form a grant or gift proposal should follow. Good Luck!
Edward Dean is an accomplished website developer and author. To learn more about Free Business Money [http://alternativefuel.laundromat-franchising.com/free-business-money/] visit Laundromat Franchising [http://laundromat-franchising.com/] for current articles and discussions.
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