Posted 15 December 2004 - 02:52 PM
Also we are looking into this 800 sq feet water store that has an income of $30,000 a year with an empty storage area in back store, which is selling for $ 50,000 , it has a potential business expansion future , very good location, can somebody give me any info about water store business if it really worth it for that much money , and if banks lends loans for that kind of business?
Posted 15 December 2004 - 09:53 PM
Regarding grants, I have been in finance for almost nine years and in all this time I have not heard of any business using grants to start operations. I am not saying that they do not exist, but they are so few and far that chasing them is not a viable financing alternative. As a matter of fact, I just found a great article that covers this matter at the SBA site. It goes something like this:
”… Individuals often call or visit the SBA asking for grants or "free money" to start their business. In many cases, they have read or heard about this free money and how easy it is to get through late night talk shows or in some obscure publication. In most cases, the information is incorrect and misleading. In other cases, it is close to a scam, at times asking for money for additional information……. You can read the whole article here: http://www.sba.gov/ut/grants.html “
Regarding your “water store” opportunity knowing what exactly a “water store” does would be helpful so that I can give you some feedback.
Posted 16 December 2004 - 10:20 AM
Most times when governments are providing 'grants' they are doing so to medium to large established companies who are expanding / relocating and adding incremental employment. You would find that most if not all of this grant money has some type of string attached, such as reaching agreed upon employment levels.
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