Apply For Disabled Grants

One of the best resources for business grants for veterans is the US Small Business Administration (SBA) office near you. Federal government grants are also available for veterans looking to make a difference in the community.The Obama administration recently passed the American Recovery and Reinvestment Act (ARRA) of 2009 which set aside 787 billion dollars to revitalize the ailing economy. Out of the 787 billion dollars 275 billion dollars have been earmarked as federal government grants. You can avail grants from this sum if you meet the strict eligibility criteria. Financial assistance received through government grants is the best way to fund a business as the money need not be repaid. Apply Today!!


Small Business Startup Grants

The government grants are mostly given to nonprofit organizations and institutes working towards the betterment of society. The government also provides financial aid to business dealing with renewable energy and energy efficiency solution providers. The Obama government has even set up a task force on veterans small business development to support veterans run and start their businesses.

If you are looking for grants, then one of the things you could do is talk to the officer with the Small Business Administration (SBA). The SBA has set up the Office of Veterans Business Development, and you can check out the location of an office near you on the SBA website. The SBA is also the right place to check for small business grants for disabled veterans and small business grants for women.

Another resource for checking small business government grants for veterans is the Catalog of Federal Domestic Assistant (CFDA) website. The website has free details of over two thousand federal assistance programs. The website also has a help desk number which you can call for assistance regarding government small business grants and loans.

The local chapter of the Chamber of Commerce is also a good start if you are looking for small business loans and grants for veterans. They have several funding opportunities and if you fit the eligibility criteria you could qualify for a grant and if not you could check their list of available loan opportunities. They have specific grants like small business grants for minorities and women which you could apply for.

If you have seen advertisements that offer financing for veterans for a small fee, stay away as most of the information they offer is available free on the government grants website. If you have identified the grant which best qualifies you from the CFDA website, you can use the CFDA number to apply for that particular grant on the governments grant website.

There are several new funding opportunities under the American Recovery and Reinvestment Act of 2009 (ARRA) which a veteran can take advantage of. The details for these new opportunities is made available by the administration on its government recovery website. The 275 billion dollars worth of grants are set to be made available over a period of ten years with most of them being given out in the first three years.

Another resource for loans for veterans is the nonprofit organizations (NPOs). There are many NPOs who work for the betterment of veterans and their families. The Internet is the best resource for finding an organization which will accommodate your needs. Try organizations like 'Rotary' as they have a lot of community development programs under which they could provide financial help for veterans.

The US Department of Commerce has a Minority Business Development Agency (MBDA) which is another place for you to check for grants for veterans from the minority community. It is advisable to invest some time in researching for grants as the financial reward is well worth the effort.
Source - buzzle.com/articles/small-business-grants-for-veterans.html


Tuesday, January 10, 2012

Debt management and its advantages

Debt management and its advantages
Debt management is one of those debt relief options that have various advantages. You may be able to get debt management help from credit counseling agency or a debt management company. Now, when you will go to a credit counseling agency for help, they may help you with getting some knowledge on how to handle your debts and also better your credit. So, this in itself is going to help you a lot. You are actually required to enroll in a debt management program or DMP.

The DMP advantages
There are various advantages of enrolling in a DMP and these are:

  1. Single monthly payment – After enrolling with a debt management company, you are required to make a single monthly payment instead of several payments which you were required to make with the creditors beforehand. So it becomes easier for you to handle the single payment that you are required to make each month.

  2. Future debt management education – Before starting off with the debt management program, the counselor of the credit counseling agency is supposed to offer you some amount of education on debt management for your future. He will first analyze the financial situation you are in and then help you decide the ways in which your debts can be paid off.

  3. The monthly payment amount gets lowered – As you are required to make only one payment instead of the several ones that you were required to make beforehand, and as the interest rate on the debt lowers, the monthly payment amount lowers too.

  4. Negotiations done by counselor – When you enroll in a DMP, it is the counselor who does all of the negotiations with the creditors and maybe the collection agencies on behalf of you in order to set up a repayment plan. You are no more required to deal with the creditors or collection agencies or negotiate with them or forward payments to them. It is the management company to whom you are supposed to make the payments and they are then supposed to forward it to your creditors.

  5. Additional late payments may be waived off – The counselor may also be able to negotiate with your creditors in waiving off the late fees and other such penalty charges.
As it becomes increasingly tough for you to make debt payments, you may think of filing bankruptcy to discharge off the debts. But, bankruptcy is the least preferable debt relief option and it has negative effect on your credit. It lowers your credit score by around 200-350 points. So, with debt management you may easily be able to avoid filing bankruptcy.
Posted by at 6:37 AM

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