This week, Bear Stearns, Wall Street's 5th largest investment bank, is shown to be in big financial trouble because of the credit crunch caused by troubled high-risk mortgages. So Uncle Sam, thru the Federal Reserve Bank of New York is offering government backed loans to help get them through their problems. To read more, go to: http://blogs.usatoday.com/ondeadline/2008/03/stocks-lose-big.html
There are some people who say the government does not give away money to business, well here is the non-profit Goldwater Institute suing the City of Phoenix for giving away too much money to business...$97.4 million. See: http://www.goldwaterinstitute.org/AboutUs/ArticleView.aspx?id=1712
There are a number of states, including New York and Iowa that will allow you to collect unemployment money while you try to get your business started. It used to be that you could only receive unemployment compensation if you were actively looking for a job. Now Uncle Sam considers entrepreneuring to be a legitimate job. Contact your state unemployment labor office to see what your local rules are on entrepreneuring.
Income Eligibility: Must be unemployed or starting a business.
| This Program is available for: | ||
| Income | : | 60000 |
| State | : | all |
| Age | : | Adults |
| Subject Category | : | Living Expenses |
| Money Type | : | Free Money |
| Contact Information | : | Contact your state unemployment labor office to see what your local rules are on entrepreneuring. Income Eligibility: Must be unemployed or starting a business |
Very low-income individuals can start their own businesses with the assistance of a loan from the Grameen Foundation USA. This international organization dedicated to stopping poverty administers a microcredit program for poor Americans looking to start a small or home-based commercial business. Contact Grameen Foundation USA, 1029 Vermont Ave., NW, Suite 400,Washington, DC 20005; 202-628-3560; Fax: 202-628-3880; www.gfusa.org
Income Eligibility: Determined on a case-by-case basis.
The Abilities Fund is a nationwide developer targeted exclusively to advancing entrepreneurial opportunities for Americans with disabilities. They deliver a combination of training, technical assistance services, and advisory supports to individuals with disabilities and the organizations that support them. For more information contact The Abilities Fund, 4177 Alyssa Court SW #1, Iowa City, IA 52240; 866-720-3863 or 319-338-2521; Fax: 319-338-2528; www.abiltiesfund.org
Income Eligibility: None
The PRIME program was created to help the smallest of small businesses, those with fewer than six employees. Under the Program for Investment in Micro-entrepreneurs (PRIME), the SBA provides federal funds to community based organizations that in turn offer training and technical assistance to low-income and very low-income micro-entrepreneurs. For more information on the program (59.050 Micro-Enterprise Development Grants) contact Judy Raskind, Office of Financial Assistance, Small Business Administration, 409 Third Street, SW, Washington, DC 20416; 800-UASK-SBA or 202-205-6497; www.sba.gov/INV
Income Eligibility: Determined on a case-by-case basis.
