Getting a cash infusion for your business, as you recall from Chapter 3, can be a powerful force in its growth toward commercial success. And a cash infusion that does not have to be repaid can be a lifesaver for you or your business. In this chapter we show you how to find and get valuable sources of cash infusions—namely grants—that do not have to be repaid if you do the work for which the grants are made.
In my business, which is financial information gathering and reporting for small businesses of every type, and seeking lenders of money to beginning and experienced wealth builders, grants are a major source of support for a variety of self-employed people and small businesses. Individuals who obtain grants for their work include novelists, playwrights, poets, medical researchers, and so on. Many small businesses receive a major portion of their start-up costs from grants. As a reader of my book, you are my friend. And I'm here to show you how to get a grant for your business in the easiest and fastest way possible. Let's get started getting you the no-repay money you need.
A grant is money advanced (paid) to your business to accomplish a stated task. You can get the grant in one of three ways:
As a sole proprietor in special circumstances—such as a minority, a farmer, a work-at-home mom, a child-care provider starting a business, a creator of an artistic work (a novel, play, poem), and so on.
As a business corporation ...