Where to Find Small Business Grants and Loans
NEW YORK (TheStreet) -- Small-business owners often view angel investors, banks and venture capitalists as their only funding sources. But other options exist, even in a weak economy.
Government agencies provide money for companies to upgrade equipment, buy land and develop new products. While there are few programs for consultants, merchants or restaurateurs, there are many that can help manufacturing and technology companies survive the recession. Here's a list of funding sources:
These grants are available through 10 government agencies. Funding comes in three phases: $500,000, $750,000 and $1 million.
The program, which is up for renewal on March 20, is at the center of a debate between the House of Representatives and the Senate over the eligibility of venture-backed companies. Congressional sources assured me that this valuable source of funding will be extended.(CEPH) and Centocor, a unit of Johnson & Johnson (JNJ).
Opportunity zones:The federal government works with states to provide funding to areas that have been hit hard by the recession and the decline of manufacturing. These zones, located across the U.S., provide money to hire employees, and buy equipment and land. Check with your state's economic development office to find out more. Small Business Investment Companies Program, which provides venture capital to small funds looking to invest in new businesses. So-called SBICs are privately owned and manage investment funds that are regulated by the Small Business Administration. Business.gov offers more information about these programs. I expect these opportunities to grow as the economy flounders.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV