Financing and Funding your Business

http://delta-institute.org/content/funding-financing

Its very important to have financing to start up a business, this is the most critical part of the business. From taking the final business Plan course here at Full Sail University, I have learned of and researched different opportunities, to receive alternative funding. Some people get discouraged about starting a business, because they believe they wont be able to get funding. However, there are angel investor and additional funding sources available to start a business. Below, I will be providing some information on two alternative types of funding that I have found to be very interesting after doing some research.

The US Economic Development Administration programs pushes and promote business development, while trying to preserve jobs. They give aid to areas in the United States that are experiencing all types of financial distress including unemployment and low income, while also working in partnership with federal funded programs and other organizations including Indian tribes. The EDA offers federal funding to the University Center Economic Development Program, accelerators challenge competition, and development assistance programs and other programs. In order to receive funding, the EDA has several key requirements.

   

The 5 key requirements

National strategic priorities

Economically Distressed and underserved communities

Return on investment

Collaborative regional innovation

Public/private partnerships

All applications will be evaluated within fifteen days after the application de date. Information will be posted on the website in regards to all applicants that have been considered, as well all the grants that have been rewarded. You can also find more information at www.eda.gov

The second source of funding is called The First Nations Organization. Which is also known as the First Nations Development Institute.  For the pass three decades The First Nations Organization has been educating and offers grants to support tribes and native non-profit organizations. Their main goal is to support American Indian economies. However, there are a few requirements that a person has to have in order to receive funding. All of the applicants must be legal American Indians and belong to a tribe. You can also find more information on this organization at http://www.firstnations.org. First Nations also has provides policy training, email alert, and updates. EDA website also includes research tools, contact information, and different program funding opportunities. .