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Federal Pell Grants Women

Federal Grants Are Worth TheEfforts

It is a tough task to manage finances in the current economic conditions. To help you deal with your finances, the US government provides free funding in the form of grants. government grants are available to anyone who needs financial assistance for any kind of legitimate financial need. The various types of government grant available are: federal government grants, education grants, college grants, Pell grants, business grants, minority grants, housing grants, bill assistance grants, home improvement grants and many more. The various sources which provide funding to these grants include: politicians, private and public foundations, corporations, government agencies, etc. Most of the grantors provide funding to earn benefit from the positive media attention.

The Federal government offers federal grants for various needs of its citizens. It includes federal grants for small business, schooling, food and clothing, etc. Federal grants are funded by your own tax dollars, so keep in mind that when you apply for federal grants, you are claiming back your own money. There are more than 1500 Federal grant programs administered by over 57 federal agencies. Literally, $1.5 trillion dollars are given away as federal grants. So, it is worth giving it a try. The only pre-requisite is that you should be over 18 years of age and an American citizen or a legal resident.

Whether you wish to expand your existing business or start a new business, you can avail government grants to start a business. Business grants can be put to various uses which include: renovate or expand premises, purchase new machinery and equipment, hire and train employees, increase inventory, etc. Apart from business start-up grants, the federal government also funds billions of dollars in the form of small business grants, small business loan grants and minority small business grants.

Irrespective of the type of business idea that you have in your mind or the type of business that you own and wish to expand, you can apply for business grants, without having to try your luck with banks.

Foundation grants are another major type of grants, which are funded by non-profit organizations. These organizations are required to give away a minimum of 5% of their assets yearly, by law. If they do not give away funding, their non-profit status is at stake.

Anyone with a legitimate financial need can avail government grants. Researching on government grants and applying for the one that best suits your needs, is worth the effort. Your grant application should be unique and stand out from the rest of the applicants if you truly want to win a grant.

Original article published on amazines.com

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