The Business Finance Store Discusses How Certain Key Business Sectors Can Get Government Grants

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The Business Finance Store discusses a change in the Small Business Innovation Research/Small Business Technology Transfer program that allows VC-backed businesses to get grants for businesses in key sectors.

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42 U.S. Venture Capital funds raised $4.9 billion for businesses in the first quarter of 2012, the Orange County Register and Investor’s Business Daily reported. These numbers from a study by the National Venture Capital Association show a drop in Venture Capitalist (VC) funding. However, this means that VCs are still investing large quantities of money. Those who received VC funding may have experienced barriers to getting certain kinds of grants or funding from a selection of U.S. government offices in 2011 or years past. However, this has changed in recent times. Meaning if you got a piece of the $4.9 billion this year you might qualify for certain government programs. In the recent blog post “SBIR/SBTT Changes Benefit VC-Backed Startups,” The Business Finance Store discusses a change in the Small Business Innovation Research/Small Business Technology Transfer program that allows VC-backed businesses to get grants for businesses in key sectors.

At issue is the specific allocation of the 2.5% of an agency’s research budget that is set aside for “small businesses.” In times past, businesses that were backed by venture capital firms were not eligible; a press release from late last year shows that the U.S. Senate has now changed the rule so that up to 25% of some agency grants can be awarded to businesses with VC backing. Read more about what key business sectors might be able to get grant money for businesses at The Business Finance Store Blog.

The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.

The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.

For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.

For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website: http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.

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Kelly Rye
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