Grants Tips

There are many other grants for small businesses that don’t require the techniques below, but these are some of the simplest to implement. The following ideas are especially important if you are looking for grants for small businesses in the shortest possible time.

1. Clearly demonstrate public benefit.

This is one of the most powerful ways to obtain grants for small businesses. Almost any small business utilize this technique. Think about your business, or the project within your business for which you are seeking a grant. Is there a way you can demonstrate that you are offering the public, or a specific community, a benefit? There are many grants for small businesses that can demonstrate that their business provides a public benefit.

For instance, if your business sells computers and computer equipment, can you use part of your business profits every year to purchase and donate computers to inner city schools? Can your dental office offer free teeth cleaning to 3 families that lack insurance per month? This is far easier than you would think. I know of a shooting range that received a grant to build a new facility because they were offering “shooting lessons” to young rural kids, regardless of income, on Saturday morning, rather than getting involved in delinquent behaviors.

2. The letter of affiliation.

This is a powerful strategy that can be used in conjunction with a 501c3 non profit organization to obtain grants for small businesses. With this strategy, your small business provides services to a non profit organization, who in turn “co-signs” for the grant you are applying for, stating in writing that your business needs this grant money in order to effectively provide them services. This causes you to become eligible for many more grants than you would on your own (non-profits are eligible for many more grants than for-profit businesses). A good example of this is a client of mine who wanted to purchase sound equipment and open his own recording studio. So he partnered with a non-profit who wanted to use his services and equipment for their fund raising rallies. They wrote a letter of affiliation stating that he actually needed the equipment in order to provide them with this service, which gave him much more of a chance to receive grant money from organizations who only wanted to give to non-profits.

3. Form a 501c3.

Before you write this off as being too difficult, let me explain. It is relatively easy to get 501c3/non-profit status for just one division of your company, which can operate in partnership with your for-profit business. With this 501c3 “division” you will be able to funnel grant money into development, research, marketing, personnel, or any other part of your business that you wish, if you structure it properly.

The problem is, most of the time it takes many months and thousands of dollars to form a 501c3. However, there is an easy way to get 501c3 status that is unknown to many business people and entrepreneurs, within a few weeks at relatively little expense.

I explain in detail how to do this, and many more small business grant strategies on my website http://www.freegrantdollars.com/grantsforsmallbusinesses . Grants for small businesses are very much possible to obtain, but you must know certain strategies and tactics to be able to do it successfully.

Find out the strategies you need to seize grants for small businesses here: Grants for Small Businesses