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Old 01-28-2010, 05:13 PM
lujanolawn lujanolawn is offline
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Small Business Administration Grants & Loans

Has anyone ever received a federal grant or loan through the SBA or other federal or state agencies to start or expand their business ?
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Old 01-28-2010, 05:22 PM
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glaciator glaciator is offline
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Nope, but Obama just talked about it in Tampa this morning. Approach your SBA and ask for a consultation...it's free. Ask about the procedure. The loan is underwritten by the SBA, but is still through local banks who usually want some sort of collateral...property, new vehicles, etc.
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Old 01-28-2010, 11:08 PM
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Glenn Lawn Care Glenn Lawn Care is offline
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did he talk about grants at all. i dont need any more loans. im trying to stay debt free for a while!
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Old 01-29-2010, 10:35 AM
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glaciator glaciator is offline
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I think some grants are there, but I bet they are tied to hiring a certain number of employees. Best thing...make an appt. with your SBA...That IS free! And do share info when you know. My guess is that grants are very hard to come by and have so many caveats and restrictions that they will only fit a few business models. Are you a minority woman business owner? That probably helps!
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Old 01-29-2010, 07:51 PM
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bohiaa bohiaa is offline
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There's NO SUCH THING.....
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Old 01-29-2010, 11:04 PM
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echeandia echeandia is offline
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The SBA can direct you to banks that make SBA backed loans. Call the office that is closest to you. There web site is http://sba.gov/
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Old 01-29-2010, 11:22 PM
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lawnangel1 lawnangel1 is offline
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I nor anyone I know has ever had any kind of success with the sba securing or even helping with a loan. Total waste of time unless you are a minority with TONS of collateral.
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Old 01-29-2010, 11:28 PM
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echeandia echeandia is offline
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Quote:
Originally Posted by lawnangel1 View Post
I nor anyone I know has ever had any kind of success with the sba securing or even helping with a loan. Total waste of time unless you are a minority with TONS of collateral.
What are you talking about? I secured an SBA loan with no collateral except the equipment I bought with most of the money.
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Old 01-30-2010, 01:07 AM
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LouisianaLawnboy LouisianaLawnboy is offline
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I have been told about 6 months ago that they were NO grants, but maybe a loan(which I don't need). They paid about half of my training at local QB Pro Adviser(well worth the money IMO)
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Old 01-31-2010, 10:39 AM
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No grants from what I remember. Easier to just go to local bank and get signature loan if you can. Best to avoid debt like you mentioned though. Try to imagine a loan as an impossibility and find other ways to get the new stuff you need. Good luck
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