Government Grants

Is a government grant a funding option for your business?

Don’t believe the bait & switch tactics of unscrupulous companies.

Many companies promise to help you find grants for your business, but they are really just getting your contact information and trying to sell you other products. Very few companies qualify for the rare grants offered by the U.S. Government.

What is a Government Grant?

The coveted Government Grant sounds too good to be true—and usually is. The government isn’t looking to subsidize most businesses, just certain kinds, like companies researching treatments for diseases and alternative energy solutions.

 

You probably don’t qualify for a grant.

  • WHO QUALIFIES FOR GOVERNMENT GRANTS?

    Usually it’s businesses in fields like medical research, education, and alternative energy.

  • WHAT IF I AM IN ONE OF THOSE FIELDS?

    Good for you! You may be able to get funding for your business, but expect to produce a detailed business plan with usable research, innovation, and/or new job creation. Check out Research Grants for Small Businesses.

  • IS IT EASY MONEY, AT LEAST?

    Hardly. Expect to produce a reasonable business plan, put up a portion of the funding up front, and use your own assets for collateral.

  • WHAT IF I’M A VETERAN?

    The Government does not provide loan guarantees for Veteran-owned business loans, but they do offer assistance. Check out sba.gov’s SCORE section for more information.

You probably do qualify for business funding from ECG.

  • WHO QUALIFIES?

    Businesses with strong performance, even owners with poor credit histories can be approved. Call a Funding Manager to review your business.

  • SIMPLE APPLICATION PROCESS

    Only a simple application + 3 months bank and/or credit card statements are needed.

  • PERSONAL COLLATERAL OPTIONAL

    Pledge of only business assets in certain cases.

  • RENEWAL IS QUICK AND EASY

    For members in good standing, the renewals process is quick and easy,

  • FASTER APPROVAL

    You’ll receive a quote within 24 hours and money in your account as fast as 2 business days.

  • ADDITIONAL LOANS ARE SIMPLE AND FAST

    For Clients in good standing, our process is streamlined to get you more money sooner

  • TAX LIENS OR BANKRUPTCIES?

    Tax liens or open bankruptcies in the last year may not disqualify your business – call us to discuss!

Sources:
Small Business Myth-Busters
The Myth of Government Grants