1. Home >
  2. Business & Finance >
  3. Small Business >
  4. Resolved Question
villa67@sbcglobal.net villa67@...
Member since:
September 23, 2006
Total points:
210 (Level 1)

Resolved Question

Show me another »

Has anyone ever dealt with mygovernmentresources.com concerning govt. grants. could you tell me abou it?

  • 3 years ago
imisidro by imisidro
Member since:
February 14, 2006
Total points:
240875 (Level 7)

Best Answer - Chosen by Asker

When looking for grants -- go ONLY to the legitimate government websites Grants.gov http://www.grants.gov where you apply for grants and Catalog of Federal Domestic Assistance http://www.cfda.gov which is the complete listing of all federal grants (note the .gov domains)

Stay away from websites such as what you mentioned. They make it appear that you can get grants for whatever purpose you want -- even for starting a business. This is a LIE and they simply want to collect your fee (if not totally scam you into giving your bank account and then emptying it). Any website that tells you that you can qualify for whatever grant you want is a SCAMMER.

It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.

Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html…

"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."

Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.
http://12.46.245.173/pls/portal30/CATALO…

Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

For private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.

Source(s):

  • 3 years ago
Asker's Rating:
3 out of 5
Asker's Comment:
very informative regarding general info regarding question. But not specific to the website my question addressed

There are currently no comments for this question.

Other Answers (1)

  • Scanless1999 by Scanless...
    Member since:
    May 21, 2006
    Total points:
    1154 (Level 3)
    what the previuos person said is 100% totally true
    CFDA.gov and Grants.gov is the best sites I have seen
    I cannot stress this enough EVERYTHING these pay for info
    sites do YOU CAN DO THIS YOURSELF
    I am absolutely shocked that people actually pay them $1200 for
    a folder full of small amount of info on large margin paper
    and blank pages ...
    they even have grant request templates you can follow as well
    • 3 years ago

Answers International

Yahoo! does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Click here for the Full Disclaimer.

Help us improve Yahoo! Answers. Send Feedback