Financing your new venture can be stressful, but with the availability of grants for starting a business, you can substantially reduce your risk. The government and private foundation grants that are provided to individuals and entrepreneurs interested in starting a new business from home can obtain thousands of dollars that never has to be paid back.

These tend to be fairly substantial checks as well. It is not unusual to obtain a grants for starting a business in the $50,000 range, and there are even some programs that will provide as much as $200,000 to help you get your venture launched.

Unlike bank loans or private money, grants for starting a business do not require a credit check, down payment or any kind of collateral. In most cases you just have to present your business plan and show how you intend to make money. In turn, your profitable and growing business will fuel the economy with tax income and may some day provide jobs. Those are all good things that the government is interested in learning aboutlearn more.

Obtaining these small business grants simply requires an application. Once your grant request is reviewed and approved, you could have your grant check in as little as 7 days. In some cases you can have the funds directly deposited in your account, but the terms and delivery methods will vary from program to program.

The application process will also slightly vary, but as long as you are at least 18 years old and an American citizen, you can submit a request to obtain grants for starting a business.