Government Loan And Grant For Debt Consolidation

Tuesday, December 15th, 2009 at 12:05 am

Government Loan And Grant For Debt Consolidation

Getting Debt Consolidation Can Help You Get Out of Debt and Get the Relief That You Need

Debt Consolidation can be a great way for you to eliminate the debt that you have because it will make it much easier for you to manage. You need to decide if you have gone too far with your credit cards and maybe you are now behind with the payments and are looking for some relief. You need to know some facts about getting a Debt Consolidation Loan because this can take all of the debt you have and roll it into one low monthly payment.

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Do not feel bad if you have too many credit cards and you have a lot of them maxed out because most people are in the same situation as you. It is easy when you want to buy stuff that you can not afford to pay cash for then you just charge it. If you have enough money to pay off your credit cards at the end of the month that would be great but most of us can not. We are faced with bills we can not pay and in many cases we are late on payments and our interest rate had been raised to the max.

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The solution that you need to consider is Debt Consolidation because this can give you the freedom you need form your debt and can make you life a lot less stressful. When you are searching for the best Debt Consolidation Loan you need to check around so that you can get the best interest rate on your new loan. Remember that getting into credit card debt is not your fault and you should not stress over it but you must take action and manage your debt once and for all.

About the Author

Bryan Burbank is an expert in the field of Finance and Debt Relief. For more information go to: http://www.bigloanguide.com

How do I find information on government grants and/or Government Loans for starting up a new business?

I am in need of funding for business equipment and software to start my own business from home. I have seen commercials regarding government money being out there and available for all sorts of reasons like, business start up, buying a home, renovations, debt consolidations, etc. But, these commericals are advertised by people who want a fee for the information on these grants and loans. I have always figure that if they could find this information then I should be able to also. And, I have looked on and off for awhile now and can only find information if I pay a fee to someone else. Does anyone have any suggestions or has anyone actually received one of these loans and/or grants?

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. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.

Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.

Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html...

"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 http://www.sba.gov/financing 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."

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

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.

You stand a better chance of getting a government loan. For government loans, read the requirements of SBA: http://www.sba.gov/financing/preparation/requirements.html

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