gov. grants

Discussion in 'Business Operations' started by JTS Landscaping, Jun 24, 2005.

  1. JTS Landscaping

    JTS Landscaping LawnSite Member
    Posts: 29

    i am trying to get a gov. grant but not sure on how to do that wondering if anyone can help me on trying to get one.
     
  2. Try talking to a tree, you'll have the same results.
     
  3. LawnBrother

    LawnBrother LawnSite Senior Member
    from SW Ohio
    Posts: 867

    I researched this extensively about 3 years ago and guess what? Nothing for me! Unless you are a minority, a woman, or an immigrant you ain't gettin' jack......
    If you're all three then you got it made in the shade!! :cool2:
     
  4. sildoc

    sildoc LawnSite Silver Member
    Posts: 2,925

    Talk to the SBA. You might qualify in your area. There are Many grants pertaining to minorities, however if you were in the military, National guard, or affiliated with someone or something you might qualify for a grant or a low interest loan.
    I talked to my SBA and qualified for a 2.25% loan, up to 20000. All the banks I talked to wanted 13 or more. Took it out on my new pickup last year.
     
  5. JTS Landscaping

    JTS Landscaping LawnSite Member
    Posts: 29

    maybe ill try talking to the SBA may something will happen there. most of the people i had been talking to were saying its like impossable to get a grant and stuff. thanks for your help.
     
  6. JimLewis

    JimLewis LawnSite Fanatic
    Posts: 6,842

    Just FYI: You shouldn't just go to the SBA themselves. The best way to do it is to go to the bank you do business with and ask who their local SBA specialist is. Every decent sized bank has an SBA specialist somewhere in the region. That's who you need to talk to. They will sit down with you for an hour and explain the entire process and whether you qualify or not.

    Credit isn't a big issue. It requires a credit score of 640 or more, which most people - even with bruised credit - have. If you don't have at least a credit score of 640, there are good forums on the web that will teach you how to improve yours.

    Anyway, more important than credit is your experience in this industry. They want to see at least 3-4 years of management experience managing in this industry. If you are just starting out and are not coming from another landscaping company, you won't qualify. But if you have the experience and the credit mentioned above, it's fairly simple to qualify. The bank rep. who specializes in SBA will try their hardest to get your application approved. They know how to dress it up the right way.
     
  7. sildoc

    sildoc LawnSite Silver Member
    Posts: 2,925

    Thus all of the above is true Jim, The SBA specializes on specific Small business loans and can send you to the bank or organization that will give you the best information and deal for your buck.

    This is why I say this. I went to a bank, large all over has tons of money to spend, I was turned down. Well not turned down but with a interest rate of 17% Might have called it turned down. This is with a Fico of 728 and my wife cosigner had a 798. I always paid on time.
    Went to SBA. Went through a little work sheet of theirs and showed them my business plan. 1 year 3 year 5 year 10 year 20 year plan.
    They pointed me several ways. A couple of grants (local), a state veterans small business loan, a couple of veteran loans federal wise and some smaller banks that specialize in the small business arena.
    State loan worked best for me. Low interest 2.25% 5 years and revolving charge account up to 7000 at 4%. I also am banking with a smaller bank in my community that knows who I am and what I need. Always calling with specials or ways to increase my business revenue.
    My point is A regular bank wont point you to all of these places.
     
  8. grasssin

    grasssin LawnSite Senior Member
    Posts: 361


    That is ackin hilarious!!
     

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