560, RE: Has anyone heard of funding for the restaurant business Posted by bizdev, Thu Jul-03-08 05:57 PM
Ever since that late night infomercial popped up on tv years ago offering a book full of free government money (grants) people have gotten stuck on the notion that you can get grants for anything, including starting or expanding a for-profit business. There simply are no free handouts.
Funding must be gotten the old fashioned way...hard work and savings. Or family/friends pitching in with loans. Even if you are able to qualify for SBA backed loans, you still need to provide a good 30% of the cash yourself (along with collateral).
That cool site is undoubtedly making tons of money off of people that are duped into buying their "guide" books.
Sylvia http://smallbusinessstartup.biz Startup & Biz Plan Help http://smallbusinessstartup.biz/blog
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