Business start-up grants for ex-offenders
Many ex-offenders out looking for work often wonder if it would be easier to start their own business. Some always looked for the challenge, but their criminal history set them back. Starting a business as an ex-offender will be no less difficult than any other person trying a start-up.
Start-up money for ex-offenders is available if you know where to look. If you look into grants and loans for minority groups you will be able to find suitable sources. Where to look?
- Local libraries
- Local Small Business Administration
- Community Business Incubators
- Government webpages
As a word of caution, you should never pay for information about start-up money for ex-offenders. Any information which requires payment most often can be found free of charge from state or federal agencies with proper research and time management.
If you are working on starting a business as an ex-offender, consider which minority category you fit into to refine your search. There are many categories which a person may fit into.
- African American
- Native American
- Female Minority groups
- Armed Forces
- Low income neighborhoods
- Underserved communities
For ex-offenders finding start-up money for a business is a matter of knowing the type of business as well as the target community you intend to serve. There are many opportunities targeted to specific communities or industries as well.
- Import and Export
- Inner City Services
- Tech Start-ups
This is just some of the various targeted grant opportunities available.
Having the required information will help you not only focus on which grants are available, but also help you apply for these grants. Some of the information you will need include:
- Business plan
- Financial plans and targets for up to the first five years of operation
- Resume or CV
- Credit report
Using this information, you can work your way around your criminal history. With the right preparation and information you can find money to help you with your needs.