Grants For Small Business - Are They For Real? - 0 views

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  #1 Abe Ingram on 27 Mar 12

   

  You may have been intrigued by the allure of obtaining small company grant money from the federal government to start or expand your operation. As wonderful as it might sound to obtain a government grant that you really don't have to pay back, such grants don't truly exist. You didn't think small business financing was that easy, did you?
  
  While the federal government does not provide funds for starting or growing small businesses, it does provide a myriad of services to assist entrepreneurs in pursuit of their dreams. One with the mechanisms in place to promote small business growth and economic development is a CDFI Fund managed by way of the US Department of the Treasury. In the current fiscal year the us government is allocating more than $12 Million to aid CDFIs.
  
  CDFIs fall inside three categories:
  
  

  
  
  • Neighborhood Development Loan Funds
    
  
  
  • Neighborhood Development Credit Unions
    
  
  
  • Neighborhood Development Banks - Which include Thrifts and Holding Businesses
    
  
  
  • Community Development Venture capital Funds
  
  

  
  
  The genesis in the CDFI Fund was this Riegle Community Development together with Regulatory Improvement Act associated with 1994. The reason for any fund's existence is to help foster economic revitalization and community development.
  
  All participants inside CDFI program go via the certification process conducted by the Treasury Department. The certification enables CDFIs access to various programs offered by your Fund. These programs provide financial and technical assistance to CDFIs through the CDFI Method, the Native American CDFI Help Program, the New Markets Tax Credit Program and the Bank Enterprise Award Process.
  
  Small business owners should pay particular focus on the offerings provided through the CD Banks, CD Loan Funds and CD Growth capital Funds.
  
  CD Banks offer several financial and consulting solutions to individuals and establishments living and operating with underserved or economically deprived areas.
  
  CD Loan Funds are set to to consider development and financing solutions to businesses, organizations and individuals with low-income rural and cities. They serve a variety of organization types including microenterprises, small business owners, and housing and neighborhood services organizations.
  
  CD Venture Capital Funds are rich in equity or near-equity financing for small businesses in underserved neighborhoods. Many of these funds provide business consulting services with financial services.
  
  While Community Development Bankers are for-profit institutions with significant neighborhood representation on their boards of directors, Community Development Loan Funds are usually nonprofit entities. Community Development Venture capital Funds can either get for profit or not-for-profit institutions.
  
  CDFIs provide services in the nation to underserved and low-income populations. There are also a subset to these entities that consentrate on areas of extreme financial distress, including the Mississippi Delta, that Gulf Opportunity Zone, Native Communities, Colonias, and Appalachia.
  
  If your corporation operates in a division of that is underserved, contains a significant low-income population or within a area of extreme commercial distress, you should investigate how a CDFI can assist you in growing your business.
  
  REFERENCE:
  
  http://uberarticles.com/business/alternatives-to-small-business-loans-2/
  
  http://www.articalize.com/59096/24/Understanding-Some-Options-for-Small-Business-Loans.html
  
  http://www.articlemasher.com/alternatives-to-small-business-loans

   

  <div class="cArrow"> </div><div class="cContentInner">You may have been intrigued by the allure of obtaining small company grant money from the federal government to start or expand your operation. As wonderful as it might sound to obtain a government grant that you really don't have to pay back, such grants don't truly exist. You didn't think small business financing was that easy, did you?<br /><br />While the federal government does not provide funds for starting or growing small businesses, it does provide a myriad of services to assist entrepreneurs in pursuit of their dreams. One with the mechanisms in place to promote small business growth and economic development is a CDFI Fund managed by way of the US Department of the Treasury. In the current fiscal year the us government is allocating more than $12 Million to aid CDFIs.<br /><br />CDFIs fall inside three categories:<br /><br /><ul><br /><li> Neighborhood Development Loan Funds<br /></li><br /><li> Neighborhood Development Credit Unions<br /></li><br /><li> Neighborhood Development Banks - Which include Thrifts and Holding Businesses<br /></li><br /><li> Community Development Venture capital Funds </li><br /></ul><br /><br />The genesis in the CDFI Fund was this Riegle Community Development together with Regulatory Improvement Act associated with 1994. The reason for any fund's existence is to help foster economic revitalization and community development.<br /><br />All participants inside CDFI program go via the certification process conducted by the Treasury Department. The certification enables CDFIs access to various programs offered by your Fund. These programs provide financial and technical assistance to CDFIs through the CDFI Method, the Native American CDFI Help Program, the New Markets Tax Credit Program and the Bank Enterprise Award Process.<br /><br />Small business owners should pay particular focus on the offerings provided through the CD Banks, CD Loan Funds and CD Growth capital Funds.<br /><br />CD Banks offer several financial and consulting solutions to individuals and establishments living and operating with underserved or economically deprived areas.<br /><br />CD Loan Funds are set to to consider development and financing solutions to businesses, organizations and individuals with low-income rural and cities. They serve a variety of organization types including microenterprises, small business owners, and housing and neighborhood services organizations.<br /><br />CD Venture Capital Funds are rich in equity or near-equity financing for small businesses in underserved neighborhoods. Many of these funds provide business consulting services with financial services.<br /><br />While Community Development Bankers are for-profit institutions with significant neighborhood representation on their boards of directors, Community Development Loan Funds are usually nonprofit entities. Community Development Venture capital Funds can either get for profit or not-for-profit institutions.<br /><br />CDFIs provide services in the nation to underserved and low-income populations. There are also a subset to these entities that consentrate on areas of extreme financial distress, including the Mississippi Delta, that Gulf Opportunity Zone, Native Communities, Colonias, and Appalachia.<br /><br />If your corporation operates in a division of that is underserved, contains a significant low-income population or within a area of extreme commercial distress, you should investigate how a CDFI can assist you in growing your business.<br /><br />REFERENCE:<br /><br /><a href="http://uberarticles.com/business/alternatives-to-small-business-loans-2/" rel="nofollow">http://uberarticles.com/business/alternatives-to-small-business-loans-2/</a><br /><br /><a href="http://www.articalize.com/59096/24/Understanding-Some-Options-for-Small-Business-Loans.html" rel="nofollow">http://www.articalize.com/59096/24/Understanding-Some-Options-for-Small-Business-Loans.html</a><br /><br /><a href="http://www.articlemasher.com/alternatives-to-small-business-loans" rel="nofollow">http://www.articlemasher.com/alternatives-to-small-business-loans</a></div>

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