Specific grants for a work at home mom trying to start an online store to support family?
Serious Answers asked:
My husband is a veteran and full-time student at a major university. He doesn’t have the time to work, so I have to pick up the slack. I’m a stay-at-home mom and want to keep it that way, so I’m trying to start and online business, I have pretty much everything in place (suppliers, domain, ein, etc…) but I need funding. Instead of a list of places with grants listed in them, does anyone have a link to a specific grant that I qualify for or a loan that doesn’ have to be paid back right away (like maybe delayed a few years with subsidized interest). I’m in Texas. Please send specific grants or loan because I already know the different sites to search, I’ve just had no luck finding one I’d qualify for, maybe I’m just missing it.
BEA- I ALREADY HAVE A BUSINESS, I’M NOT LOOKING TO FALL INTO SOME “PAY FOR HOW TO WORK AT HOME” STUFF.
DOC- DON’T SEND ME YOUR JUNK LINKS THAT AREN’T FREE, WHAT DO YOU THINK I AM…STUPID?? READ:
My husband is a veteran and full-time student at a major university. He doesn’t have the time to work, so I have to pick up the slack. I’m a stay-at-home mom and want to keep it that way, so I’m trying to start and online business, I have pretty much everything in place (suppliers, domain, ein, etc…) but I need funding. Instead of a list of places with grants listed in them, does anyone have a link to a specific grant that I qualify for or a loan that doesn’ have to be paid back right away (like maybe delayed a few years with subsidized interest). I’m in Texas. Please send specific grants or loan because I already know the different sites to search, I’ve just had no luck finding one I’d qualify for, maybe I’m just missing it.
BEA- I ALREADY HAVE A BUSINESS, I’M NOT LOOKING TO FALL INTO SOME “PAY FOR HOW TO WORK AT HOME” STUFF.
DOC- DON’T SEND ME YOUR JUNK LINKS THAT AREN’T FREE, WHAT DO YOU THINK I AM…STUPID?? READ:
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6 Responses to “Specific grants for a work at home mom trying to start an online store to support family?”
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February 21st, 2009 at 6:58 pm
Ulysses Grant
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February 24th, 2009 at 12:53 am
There is no such grant, as you yourself just found out. As to loans, your prospects don’t look good. Unless you are willing to offer your house as collateral (or plan to use the loan to purchase tangible long-lived assets), no one is going to lend to you. Your best bet is to find an investor willing to buy equity in your company, but those are few and far between…
You might qualify for an SBA microloan:
but there are only seven lenders in the entire Texas that particilate in this program. There may or may not be one in your immediate vicinity…
February 26th, 2009 at 6:51 am
You were not able to find a grant because there are NO grants for starting a business.
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.
Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) and Grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the CFDA listings and see if you can find any grant that would support a for-profit venture.
Even SBA does NOT give out grants. From the SBA website
“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 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.
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
I suggest you read the following books to get ideas of how to finance your business:
Financing Your Small Business
Small Business Financing: How and Where To Get It
Financing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing
The SBA Loan Book
Angel Capital : How to Raise Early-Stage Private Equity Financing
Financing Your Small Business (Barron’s Business Library Series)
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.
As for a “loan that doesn’t have to be paid back right away,” banks or even the SBA will not give you such terms. Ask your family and friends to lend you money.
February 27th, 2009 at 1:24 am
Hi,
I’ve found something that I’m really happy with!!
(International is fine, too.)
It’s not get rich quick, but it will quietly run in the background until it’s ready to truly support you & your family with a real income. (Doesn’t take long, though.)
I really recommend this!
Yahoo frowns upon links here in the Q & A section, so if you would just click on my profile, you will see it there.
Blessings to you in 2007!!
Bea
February 27th, 2009 at 4:10 am
Hi, I may have some information that might be helpful:
~ First is your husband a disabled veteran?? If he is there is a program called the Vocational Rehabilitation Program – It is a WONDERFUL program through the VA that will pay him to go to school on top of any grants or scholarships he may be recieving. This program pays 100% of books, fees, tuition, supplies, and provides a nontaxable subsistance allowance that is pretty much a paycheck for attending school at least half time. (The more you attend the more you get paid.) Here is the site with more information on it:
I went through this and was able to get a BA in midlevel education. It really helps veterans’ families financially when the veteran is attending school.
~ Second, the VA has seminars and workshops for veterans who want to start a small business. These provide you with contact information on how to obtain certain types of loans. Here is the site for more information on the VetBiz program:
I really hope this information helps. I know you are not the veteran, but if your husband can be a partner in this process it will go a lot easier. Good luck!!
February 27th, 2009 at 10:03 pm
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