Almost all of us have probably seen the TV commercials featuring that hyper man in the purple question-mark-covered suit, offering “Free Money to Start a Small Business”. Just buy his book and you’ll know all the secrets of getting this free money.

The plain and simple truth is that there are NO free government grants to start or expand a small business. Grant money is available only for non-profit organizations, and is not available to individuals or for-profit businesses. So, buy the “free money” book only if you are a non-profit organization looking for money.

Watch out for emails, radio ads, TV commercials, or junk mail that offers a book, CD, or hotel seminar for small business grants. Why spend money for info the government will tell you for free, only to find out you’re not eligible unless you are a non-profit.

The U.S. Small Business Administration, or SBA, does guarantee small business loans made by SBA-certified lenders and banks. This program guarantees loans that lenders could not generally approve. You will have to meet the loan criteria, provide 15%-25% cash or equity, and have a sensible business plan.

For more on SBA's financial assistance, check out this link: http://www.sba.gov/financing/sbaloan/7a.html

Read more on federal grants here: http://www.sba.gov/financing/basics/grants.html

bussiness link http://www.http://www.businesslink.gov.uk/bdotg/action/home?domain=www.businesslink.gov.uk&target=http://www.businesslink.gov.uk/

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