How to Nab a Small Business Grant [Time]

Small business grants can be elusive, and the lure of free money has been exploited by scammers who pocket fees from would-be entrepreneurs. But legitimate grant sources do exist, and Gabrielson’s persistence and creativity in seeking funding sources helped him land one.

Entrepreneurs seeking grant funding must be careful, though, not to fall victim to a scam. The truth about small business grants is that they can be challenging to find and secure. “Most small businesses do not qualify for government grants,” warns the SBA on its website.

Hal Shelton, a SCORE certified mentor and author of The Secrets to Writing A Successful Business Plan agrees. He offers several tips to help small business owners avoid getting ripped off:

  1. You need to apply for a grant. Grants never appear at your doorstep as a surprise. If someone says they have something for you but you never applied for it, it’s likely a scam.
  2. To apply for a federal grant is free. If someone says you need to pay an application fee, 99.99% chance it is a scam.
  3. Grants are made for some public purpose. It’s public money, so if there is any indication the money is for your personal use, it’s probably not legit.
  4. Often the caller will say they are from the Federal Grants Administration. While it sounds impressive, there is no such thing.

“If you get an overture, and you think it might have some chance (of being legitimate), ask for that information in writing. Chances are, you will never hear from them,” Shelton says.

Resources for Finding Grants

Looking for grants for your small business? Consider these resources:

  • allows you to search for federal grants.
  • Check with state and local economic development agencies for information about grants offered to businesses in your county, state or region. If you’re willing to relocate, broaden your search.
  • Contact your local Small Business Development Center (SBDC), SCORE office, Women’s Business Center, Veteran’s Business Outreach Center (VBOC), and/or SBA regional office, which may provide information about opportunities available in your area. (This interactive map from the SBA can help you locate these offices.)

Curated from How to Nab a Small Business Grant

More Posts Across the Web

The Startup Events You Need to Know About This Year [] – This should show you that more than ever before technology is making people more social. That means you have to form relationships with your target audience. As a startup, it’s the only way you are going to generate sales.

What Every Entrepreneur Should Learn From GoPro Founder Nick Woodman [Fortune] – You can disrupt an industry with a simple modification.

Show More


CBNation helps entrepreneurs and business owners succeed with visibility, resources and connections. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

Related Articles

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
We're 20,000+ CBNation Members Strong & GROWINGJOIN FOR FREE
+ +