Posts Tagged ‘Small’

Small Business Federal Grants

It's important to know that the U.S. Federal Government, as a rule, does not award federal grants to private for-profit small businesses. Unless you are a 501C3 non-profit agency that is organized for charitable purposes and tax exempt under the IRS tax code, your small business is not eligible for federal grants.

That's the bad news. The good news is there are federal resources available for qualified small businesses to apply for.

The U.S. Small Business Administration (SBA) is the federal agency created in 1953 to help Americans start, build and grow businesses. The SBA serves people in the United States, American Samoa, Puerto Rico, the U.S. Virgin Islands and Guam. Although the SBA does not award grants to start or expand small businesses, they do have a wide range of loan programs available. You can access the Small Business Administration website at sba.gov. You can also find SBA programs in Federal Programs - Small Business Administration (SBA).

The SBA does have an exception to the "no federal grants" rule for small businesses, but it is targeted to innovation research and high technology companies. The Small Business Innovation Research Program is a highly competitive program that funds the startup and commercial development stages of an innovative technology, product or service. The Small Business Technology Transfer Program is another competitive program that funds awards to small businesses which partner with nonprofit research institutions for the commercialization of technology products.

Below is just a portion of the SBA programs that may be able to help American small businesses. The Small Business Administration is primarily a guarantor of loans, meaning that the federal government does not loan money directly to small businesses; they guarantee the loans made by lending institutions to qualified small businesses, making it easier for small businesses to qualify for loans they might not otherwise be eligible for.

1. 504 Certified Development Loans: Provides long-term fixed-rate financing to small businesses to acquire real estate, machinery or equipment for expansion or modernization. These loans are usually delivered through a Certified Development Company (CDC) with liens placed on the collateral and a contribution of 10% equity from the borrower.

2. 7(A) Export Loan Guarantees: This program aids and assists small-business to increase their ability to compete in international markets by enhancing their ability to export; facilitating technology transfers; enhancing their ability to complete effectively and efficiently against imports; increasing the access of small businesses to long-term capital for the purchase of new plant and equipment used in the production of goods and services involved in international trade. Loan proceeds can be used to construct, expand, or convert facilities; to purchase building equipment or materials; inventory and for export working capital.

3. 7(A) Loan Guarantees: Loan proceeds can be used for working capital, machinery and equipment, furniture and fixtures, land and building (including purchase, renovation and new construction), leasehold improvements, and debt refinancing under special conditions. Loan maturity is usually up to 10 years for working capital and 25 years for fixed assets. This loan targets start-up and existing small businesses.

4. Microloan Program: These loans target women, low-income, and minority entrepreneurs, business owners, and other individuals possessing the capability to operate successful business concerns and to assist small business concerns in those areas suffering from a lack of credit due to economic downturns. Provides short-term loans up to $35,000 for working capital, inventory, supplies, furniture, fixtures, machinery or equipment.

Read the rest of this entry »

Three Strategies For Success In Small Business Advertising

Advertising and marketing for a small business takes effort and a plan to be successful. Many small business owners become discouraged too quickly because they do not receive the windfall of customers that they expected after they ran their initial advertising campaigns. You must keep at it. Advertising is a art that takes constant monitoring and refinement and a long term plan that will lead to your success. The main reason you want to spend the time to develop a plan is that it significantly reduces costs. Running ads inconsistently and not in line with your plan is expensive because you can not get good long term rates from publications and you will not reach your customers as well as you would if they consistently seee your message. Here are three things that small business owners can do in to increase their chance of success in their advertising campaign.

1. Be Committed To Your Long Term Plan - This strategies assumes you have a long term plan. If you do not, then you need one, fast. Just like planning to open your business needed a business plan, your advertising needs a plan. This helps you to meet deadlines for publications and lay out different messages that you want to to get in front of your customers at different parts of the year. You should at a minimum have a six month advertising plan, but really it should be a year. This will help to establish longer term contracts with advertisers which helps to bring the price down of each advertisement.

2. Add Shock Value - As a small business you are competing with major corporations for your customers. You have to be different. Speak to what your customer needs and how you can provide, but you have to make a scene. Just being average and boring when competing with small and large businesses will be very frustrating as you will not get the returns from your advertising that you expect. By being different you have a great opportunity to acquire those customers who usually would not have paid you much attention. If you think of many of the people who have been really successful at building the brand of their business, you will see that most of them were able to create a small hysteria about their product and service that set them apart from others in their market. This does not mean do something that is demeaning or causes you to compromise your morals and ethical beliefs. Just out of the box thinking that triggers a response from your customers.

3. Take Advantage Of Free Services - The most common free service that small businesses fail to take advantage of is press releases. If you have a new product or service or just an interesting tidbit about your industry that you think your customers should know about, write a press release. A quick Google search will give you dozens of free press release services. You can also send them to your local papers individually. There is no guarantee that they will be printed, but if they do, this is a lot of free advertising that only cost you a little bit of your time. Something to consider: How long will it take you to write a 250-300 word article about your business? Not long I bet. This should done right away.

Read the rest of this entry »

Important Information Regarding Small Business Grants

Poor financing is noted to be one of the reasons for failure in small businesses and also when it not managed properly. It is paramount to have sufficient funding in order to see success in any small business and the availability of small business grants have proved to be the right answer for this problem.

If you as the business owner have the necessary knowledge about finding and properly applying for the small business grant then you should be having the most successful business that gains excellent profits.

Business Grants

The US Government offers more than 300 different grants for small business owners to just start their business. These grants usually range between $25,000 to nearly $1,000,000 and they depend on the projected success and growth rate of your business. There are several business grants available for your small business to develop and expand your business.

These grants should not be misunderstood over loans as they are not to be repaid. They are also considered as free money and also as investments to promote a successful business and a successful US economy. The money for the grants is normally derived from income taxes. In order to obtain a small business grant will also not require your credit checks or deposits although you have bad credit or have bankruptcy.

Finding Small Business Grants

There are tons of helpful website that provide small business US government grant packages free of cost even without the shipping cost. These grant packages basically include information on how you can find, prepare and apply for small business grants. Some of the providers in business grants include government funding solutions, Grant Wizard and Grant Master.

Apart from this it is also important to know the rules of Small Business Administration (SBA) to receive the grants before starting the process in obtaining one. Even though the SBA does not offer small business grants the however provide helpful information and resources for finding small business grants.

Small Business Grant Information Resource

In order to qualify for the small business grant you as the business owner should first become familiar all the documents which lists all the requirements to become eligible for the small business grant. These documents include all the information about the post award and pre award periods and it also defines all the aspects of applying for the grant and state that is eligible.

The document is the primary and the most important source for the rules and regulations for small business grants. They are a must read before you start the process of business grants. After you have met the requirements for the grant you should write an appropriate small business grant requirement. There are several professional who would help you in writing the business grant proposal.

There is also the Federal Domestic Assistance which can prove to be helpful with several links to resources and information about small business federal grants or you can also visit the official website of US government where there is complete and accurate information about small business grants.

Read the rest of this entry »

The Massachusetts Office of Small Business Development and Entrepreneurship Hires 451 Marketing

Boston Marketing Agency 451 Marketing is pleased to welcome their newest client, the Massachusetts Office of Small Business Development and Entrepreneurship (OSBE). OSBE has hired the 451 Marketing team to develop an integrated marketing plan that will create awareness of the myriad resources that OSBE's offers entrepreneurs to help tem start and grow their business in Massachusetts. "We are thrilled to announce that the Massachusetts Office of Small Business Development and Entrepreneurship is our newest client," said 451 Marketing Founder AJ Gerritson. "As a growing Boston marketing agency that got its start in Massachusetts, we are proud to be working with a state agency committed to helping new businesses thrive in the Commonwealth." OSBE works with the Commonwealth's many service providers of technical assistance and financing, as well as directly with small businesses to provide them with the direction and tools they need to succeed. OSBE understands small business needs, provides appropriate programs, and advocates policy that will enable growth and job creation in Massachusetts.

451's team of Inbound Marketing Specialists will offer the OSBE a combination of cutting edge marketing techniques and creative inspiration in order to effectively establish a strategic marketing campaign, enhance their brand, create a quarterly newsletter, redesign their existing web page and reinvent their marketing material. These efforts will develop awareness for the OSBE within their respected communities, which will increase resources available to businesses in Massachuestts. About the Massachusetts Office of Small Business Development and Entreprenuership The Massachusetts Office of Small Business & Entrepreneurship (OSBE) works directly with small businesses to provide an atmosphere of success. They strive to understand small businesses needs, provide appropriate programs, and advocate policies to enable growth and job creation within. Whether a business is in the beginning stages of development or has already been established, with the right information, assistance, and training any company can have the opportunity to thrive and grow in Massachusetts.

About 451 Marketing

451 Marketing (www.451marketing.com) -The Leader in New Media Communications - is one of the premier Online Lead Generation agencies in the country that utilizes cutting-edge communication techniques on the web. The firm's areas of expertise include branding, public relations, SEO/PR (search-leveraged public relations), PR 2.0 (public relations through social media), advertising, and marketing. 451 Marketing's experienced team takes a revenue-centered approach for all of their clients, developing out-of-the-box solutions that solve real business problems and broadcasting clients' messages effectively to any audience or media outlet. 451's experienced staff works to produce and implement unique and effective communications strategies that raise and bolster a client's public profile, while simultaneously driving new leads and business.

Read the rest of this entry »
Advertising

Enter your email address:

Delivered by FeedBurner

Links
Alexa rank

Alexa rank is 3713636.

PHP/MySQL Components, WordPress Plugins, and Technology Opinions at TravisWeston.com