Getting Business Government Loans

If you are a promising and resourceful American citizen hoping to establish a new and exciting career in business, government loans are a great place to start investigating your financing options. The government offers hundreds of generous financial investment opportunities for enterprising Americans of all ages, races, religions, genders and ethnic groups, as well as a surprising amount of free government money in business grants. If you are determined enough to locate the local government agencies that offer this assistance in your area, and determine which types of funding you are eligible to qualify for, there is a great possibility that you can begin operating your new business establishment within as little as a few weeks, without having to spend a single cent out of pocket to cover your start up costs.

There are two basic procedures used while utilizing business government loans. The first, and usually applied to businesses of smaller capacities, is a direct government business loan. This is a moderately sized, repayable cash award that is given directly from the government to you. The interest rate is favorable low and payments are made directly to the government. In some cases the monthly payment amount will fluctuate accordingly to profit margin, of course requiring you to provide monthly progress reports on your business to the government. You, in some instances, may be able to make a pre-set payment amount agreement and forgo the monthly reports all together.

The second commonly applied procedure is to acquire a government secured bank loan. This is a practice generally executed when negotiating business government loans with larger businesses or corporations. This procedure is a bit different. The government itself does not actually loan you the funds. What they do instead is guarantee an outside lender that if you are to default on your loan, the government will back you up and foot the bill. Perhaps not entirely, but depending upon the strength and odds of success your business proves to show, it can sometimes be up to one hundred percent. The larger your government backing, the lower your interest rate will be. In either case, government secured business loans will eliminate the requirement for collateral.

The third and most desirable form of government financial aid is the business grant. While much more difficult to achieve than business government loans, they are much more favorable investment opportunities because they are loans from the government that you don't ever have to repay. Virtually free government money that is invested into developing your business. The grant writing process is long, tedious, and very detailed, but the rewards are too great to dismiss the opportunity of achieving one, or several government small business grants.

Depending upon exactly what type of business you are interested in establishing, you may qualify for one, two, or even all three of these magnificent free government money opportunities to help get your business up and running. The government is more than willing to help you...let them.