The CDAP- ED program is a federally funded program that is designed to provide grants to units of local government for economic development activities related to business retention and or expansion opportunities. The program is targeted to assist low-to-moderate income people by creating job opportunities and improving the quality of their living environment. Local governments qualifying to receive grant funds can then make these funds available in the form of loans to businesses locating or expanding in their community. A local government may request grant funds of up to $750,000. Funds may be used for machinery and equipment, working capital, and building construction and renovation. The local government may also use the grant funds for improvements to public infrastructure that directly support a specific economic development project. Applications may be submitted at any time. Local government entities located in heavily populated metropolitan areas of the state may receive funding directly from the federal government and therefore, are ineligible for participation through this program.

See More Grant Info on this Project here

Being classified as a small business isn’t a bad thing. In fact, it means that you may qualify for a large amount of support from the Small Business Administration or “SBA”.

When you are in business for yourself, it is critical to develop a good knowledge base, and that is also what will help you wade through the myriad of small business loans.

So Let’s Look at How SBA Loans Work

The first thing you need to understand is that you as a business owner are not going to deal with the SBA yourself. The SBA does not act as a principle lender. Instead it backs loans made to small businesses that might otherwise not find a favorable market in traditional lending circles. This means that you will still seek financing from your regular source of lending: banks or other private financial institutions, and if they feel that you have merit but perhaps do not quite meet their more stringent requirements for a loan they put the loan forward to the SBA as a security backing. Read the rest of this entry »

Securing a loan requires much of the same work for a home business as any business. It is necessary to put down on paper a business plan, and a cash flow statement. When approaching a lender such as a traditional banking firm or loan broker, having concrete facts and projections is very helpful in making the case for getting that loan to start a business. Here are some financial sites and funding sites for women:

Businesswomenloans.org
Businesswomengrants.org
DigitalWomenLoans.org
DigitalWomenGrants.org
MinorityWomenGrants.org

So how do you find woman owned business grants? That is the hardest part, but once you know that they are out there it can make your search a little easier. It is vital that you fill out all the information on the forms thoroughly and completely in order to be considered for a business grant and remember that there is a lot of competition out there so put your best foot forward. Over half a million new businesses are started each year by women and many of them are benefiting from woman owned business grants.

Grants are awarded by the government to help assist people in…

Finish: Business Grants and Foundations for Women here

Announcing that Digital Women ®, an International online community for women in business will be giving away a $750.00 cash business grant. They are taking applications now for the grant to be given away in 2010.

There is NO application fee and all women are eligible. The grant can be used for business or personal use including paying bills. See the site for more details: WWW.Digital-Women.com

Announcing 2 new financial web sites for women in business:

Business Women Grants- A new site featuring foundations and grants for women looking for funding help to start their business.

Business Women Loans- A new site featuring business loans for women including microloans in the US

The advantage to choosing a government grant over a private one is that your religion, education or ethnicity do not come in to play. Nearly a thousand grant programs in the USA are available for single mothers and through contacting the government you can gain further insight into how you can be helped.

Read More: Grants for Single Mothers are Available here

The current downturn of our economy has forced many women to turn to foundations and the government looking for loans and grants to fund their businesses. Find a current 2009 list of foundations at DigitalWomenGrants.org

With the economy as it stands, more and more women are struggling to make ends meet. Digital Women ® wants to help! We will be giving a cash business grant in December 2010. All applications must be received before October 31, 2010. Qualification is simple. Your business must be at least 51% woman owned. You do NOT have to be a member to apply.

Click here to Read More and Apply for the Business Grant for Women

On March 16, 2009 President Obama, in a long awaited address, finally reached out to the 27.2 million small businesses in this country and extended his hand. He may not have gone to the mountain, but he certainly walked down Main Street and acknowledged the perils of struggling small business owners. And it was just a matter of time that he did so. After all, the American Recovery and Reinvestment Act of 2009 (”Recovery Act”) nicely laid out beneficial provisions for small businesses and just as promised, regulations have come out by the SBA to start the ball rolling. And I’m not talking about more government promises or red tape, but bottom line capital to be infused into the coffers of deserving business owners. So let’s roll up our sleeves and see one of the more important elements that was put into place on Monday.

When the Small Business Act was enacted in 1958, it had a very simple mission. Find Read the rest of this entry »