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of Tribal Services, Bureau of Indian Affairs, 1849 C Street 
NW, MS #4603-MIB, Washington, DC 20240. 
Free State Grant Money
There simply isn't enough room in this report to begin 
listing all the FREE MONEY programs that are available from 
the federal and state governments. We can tell you however, 
the general types of programs that are available and where 
to begin. 
As you contact different agencies for grant money, learn not 
to accept "no" as a final answer. There are so many new 
programs being offered each year that often an agency's own 
employees won't be aware they are offering the one you ask 
about. If being persistent doesn't help, get in touch with 
your congressman and let them track down a program that 
meets your needs. 
Types Of Programs Available Through State And Federal 
Agencies 
FREE MONEY: Usually through direct grants that do not have 
to be paid back. 
BUSINESS CONSULTING: Free management advice is offered on 
almost every business subject by the Department of Economic 
Development to minimize new business start-up management 
costs. 
BUSINESS SITE SELECTION: State hired specialists are 
available to assist new entrepreneurs select the best 
possible location for their new business. 
MANAGEMENT TRAINING: Most states will assign specialists to 
work with a new business with one-on-one management 
training. 
EMPLOYEE TRAINING ASSISTANCE: This program provides FREE 
MONEY to train employees. FREE MONEY is also available to 
send employees to school. 
RESEARCH & DEVELOPMENT GRANTS: FREE MONEY is available to 
attract high-tech related companies. 
PROGRAM CONSULTANTS: States have highly trained management 
consultants who will locate Federal Grant Programs and help 
you through the application Process. 
FORMS & DOCUMENTS: State professionals will help a new 
business owner apply for permits, licenses, or any other 
legal document a business may require. 
VENTURE CAPITAL FINANCING: This method can provide FREE 
MONEY in the sense you wouldn't have to pay it back. You 
would, however, probably have to give up part of the 
ownership of your business in order to receive financing. 
Most states have their own venture capital finance terms 
that invest in high risk businesses. 
MINORITIES & WOMEN: FREE MONEY grants are available in most 
states for women or minorities who want to start a 
business. 
LOW INTEREST LOANS: A state may raise money through 
industrial revenue bonds to buy your fixed-asset equipment. 
The public, which invests in these bonds, do not pay taxes 
on the earned interest. When a low interest loan is granted, 
the states does not guarantee that investors will get their 
money back if the business fails. If a state issues a 
general obligation bond, a public investment is then 
guaranteed. The states will also make direct loans at low 
interest, or even co-sign a commercial bank loan. If a state 
co-signs a loan for you, it may subsidize your interest and 
reduce an already low-interest rate lower yet. 
Small Business Development Centers
Every state has Small Business Development Centers who can 
match you up with the right FREE MONEY grant program. All 
development centers offer free counseling to anyone wishing 
to start or expand a business. Their services are varied but 
include: FREE seminars, workshops, business planning, 
feasibility studies, marketing research, management 
analysis, sales technique, financing, exporting, inventory 
control, accounting, record keeping, and grant applications. 
Whatever your questions about FREE MONEY grants or starting 
a business, refer to your telephone directory under State 
Offices and contact your Small Business Development Center. 
Getting Free Money From Venture Capital Sources
A venture capital company is another source for FREE MONEY 
in financing your business plans. But since they are willing 
to assume some risk by investing in your business, they also 
expect some equity in the business itself. 
Venture capital companies invest in projects they feel will 
be successful and bring a return on their investment. If you 
are interested in asking a venture capital company to invest 
in your business refer to your telephone directory under 
Venture Capital Companies or Investment Companies, and 
contact those who are in the same area you want to start 
your project in. 
Small Business Investment Companies
Small business investment companies can provide your 
business with the capital it needs by; 1) giving you a free 
loan; 2) making a stock investment in your business; or 3) 
offering a combination of the two. 
Small business investment companies are in the business of 
making money just like any other business. The biggest 
difference between them and another investor is: 
1) They are privately managed firms who are licensed and 
partially financed by the federal government's Small 
Business Administration. 
2) All of its transactions are regulated by the government.
3) Their success depends on the growth and profits of 
companies they own stock in. They often give money in 
exchange for stocks. 
4) Their loans usually carry lower interest rates than 
commercial banks. 
5) Straight loans repayments are carried over a longer 
period of time. 
6) Most businesses are eligible, especially if they are 50% 
minority owned. 
For a complete listing of the thousands of Small Business 
Investment Companies, visit your local library and ask for 
the SBIC Catalog. Study the catalog and note the companies 
that specialize in your area of interest. Then write them 
and request more information on what they have to offer. 
Writing A Successful Grant Application
To write a successful grant application for FREE MONEY it 
should be well planned. You should be familiar with exactly 
how a particular agency prefers to have their grant 
proposals completed. If you have to prior experience in 
writing grant proposals, this is another area where your 
State Small Business Development Centers can help. 
Work Closely With The Free Money Grantor Agency
Once you decide which government agency you want FREE MONEY 
from, contact them and ask for a grant application kit. Get 
to know some of the grantor agency personnel. Experts love 
to talk about their programs, so ask for advice, 
suggestions, and criticisms about your proposed project.