18/03/2020
How to win Grant or access Loan for your business in 2020
Small business grants are often a hot topic among entrepreneurs and small business owners. It sounds easy. Government gives grant however, government grants generally do not exist unless you are in high tech and/or scientific research. If you are in one or both of these areas, you can find out what grants are available and if you may qualify by checking the Small Business Innovation Research (SBIR) Program.
How to Find Small Business Grants
here are 4 questions you need to ask yourself before you apply for grant
1. Do you have the time and resources to search for a small business grant program and apply for it?
2. Can you hire a consultant or learn the grant application process by yourself?
3. Does your business need the money now for expansion or can you wait up to a year?
4. If you do undertake the grant process, will it hurt your business by occupying too much of your time?
5 Tips to Win Small Business Grants
If you do find a small business grant program available for your business, be ready to go through a lengthy, approval process. With funding cutbacks and high competition be prepared with the following 5 grant tips:
1. Provide complete and accurate information in the application. An incomplete application may not make the review process or will delay the review and approval process.
2- Get to know your grant officer and their constraints, their information needs and timing.
3- Stand out from the crowd with a well-prepared business plan, as required. Demonstrate how the grant will benefit your business and satisfy the goals of the grant.
4- Bring in outside experts as necessary and appropriate. An accountant or consultant can add credibility to your application process.
5- Keep in touch. Make regular contact with the grant office in a professional, non-intrusive manner. It's OK to ask if they have questions or concerns that you may address.
Finally the flier displays a suitable offer to help you write your business plan and also you will have a virtual sharing opportunity with us on zoom or Skype to tell you the various parts and strategies in your business plan.
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