A grant from government is a financial
award given by the state or local government to fund a certain project or
organization. The government does not expect payment for these grants. For
small organizations, finding enough financial assistance is important to make
sure that the institution runs smoothly. There are several ways to get grant for non-profit organization.
Remember that these grants are funded by taxes so they are only available for non-commercial
purposes.
Know
the size and category of the business
The
amount given to a grant depends on the type of organization. Assess the
categorization and size of the business carefully before submitting any
application.
Submitting
application in behalf of the business
The
government categorizes grants differently. Remember to apply for grants
specifically for organizations and not for individuals. Submitting grant proposals with a wrong category
will only slow down the process and can even cause rejection.
Here
are common questions that will be asked when applying for a grant.
·
Reason for
application
·
Amount needed for
operation
·
Nature of the
business
·
How the grant money
will be used
·
How the
organization benefits the community
·
Who will supervise
the operations
Take
time to think about the details of the grant and try to be honest when
answering these questions. Make sure to have all the necessary information and
be ready with supporting documents.
Register
the organization
The
business or organization must be registered to the federal government program
before any application is submitted. The application process is done online and
can be finalized after 5 business days. Remember to go through all the steps carefully
because submitting incomplete information will only delay the process.
Grant
application package
There
is an online tutorial that can be downloaded once the business is registered. This
tutorial will contain all the necessary information on how the process works. Complete all the necessary
steps and save a copy of the file to avoid losing any valuable information.
Once completed, the package can be submitted online. There will be a name,
password and identification number provided once the process is completed.
Track
the status of the grant application online
Use
the name, password and identification number to track the progress of the grant
application. This will allow the owner to see if his grant has been approved
and will be used to notify him in case there will be additional requirements.
The registered owner will also be notified about the succeeding steps he will
need to take once the grant has been approved or denied.
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