There’s no such thing as a free lunch. Although, grants may seem like a free lunch, technically they are not. After receiving a grant from a government agency, the grantee is expected to meet the obligations required of him, which are submitting progress reports on the business or the charity-organization to which the grant was first used.
The grantee decides how much money the agency will lend him ñ as long as it meet s the criteria of the Government agency. Money is non-taxable and interest fee. None of these programs require the grantee to submit a credit check, security deposits, collateral or co-signers. You can apply even if you are bankrupt or have a negative credit history. Anybody can do so, as long as you are over 18, a taxpayer and a US citizen. Guaranteed US Government Grant for USA Citizens at http://www.trustedreviews.info/money/usm/unclesamsmoney.html
These grants are classified into two kinds. The first kind is the general purpose or operating support grants. This occurs when the government agency bestows a grant to your organization that will be used to operate and support the general expenses in running your establishment. An operating grant is when the lender supports the organization’s goal and invests in them to make the most out of the money that they lend you.
Second kind is program development or program support grants. This is when the government supports not only the procedures but also the processes in the progress of the campaign. These include the planned activities targeted to get positive feedback for its culmination.
If you would like to know the common kinds of project grants, here are some of them:
1.) Planning grants
A good deal of money and time is spent figuring on a major new program for your company. Research whatever is needed, consult with the people involved, look on other activities you can do before you write a proposal for a planning grant.
2.) Start-up grants
Also known as seed money, start-up grants assists an organization during its first couple of years. It is like a push for the business venture to do well without worrying about financial resources. These grants are often for more than a year and it decreases as each year pass. This is because the funder expects the company to slow get into its feet as time goes by. Up to $500,000 from venture capital companies for your new business. US Government Grants for Citizens
3.) Facilities and equipment grants
Also known as ìbrick and mortarî or capital grants, facilities and equipment grants assists the company to buy the physical asset for the establishment. These could be the building, the computers or the vehicle, for example. In the proposal of the applicant, he must defend his proposal for the acquisition he is requesting for. How will this help the company and be of service to his clients? Funders also require the applicants to make a report on their progress because they double check whether the companies are able to maintain these resources over time.
4.) Endowment grants
Non-profit charities have money set aside that they use to invest and earn interest in the future. The principal sum remains untouched because they only spend the interest. These are endowment grants and are rampant with charities like hospitals and colleges. The fund-raising efforts for the benefit of hospitals and colleges start from these kind of grants. But the government makes sure that the interest of the principal sum or the endowment remains the same so that there is no need for the endowment to meet the annual operating costs.
5.) Program related investments or PRIs
The IRS not only allow grants to foundations, they also permit them to make loans through the program related investments to non-profit organizations. The PRIs that have been approved are projects that met the requirements to be eligible for grant support. Usually, they are met at a low or sometimes zero interest. But because it is a loan, PRIs must be paid back by the organization. Often times, PRIs are the ones involved in the building project of charities. Up to $5,000 to convert your vehicle from gas to an alternate fuel. US Government Grant for USA Citizens