There is likely a canned answer for this, but I couldn’t seem to find anything. I am starting a S-Corp in Saint Paul, MN. We are looking at buying a duplex to rent out (the particulars of the purchase are taken care of, and getting started does not look to be a problem right now). As it is, I am looking at putting 30,000 into starting this business (which will cover 25% of the purchase price of the property plus operating expenses to get started). This will not be my full time job, but a side business, as I have property managers all lined up.
The question is, does anyone know of business grants that I can look into? I know money does not grow on trees, but I have heard of some small businesses getting grants. We’re actually looking at purchasing vacant homes (which I think is good for the city), though I imagine if grants did exist for this kind of venture, they would be swooped up pretty quickly.
Does anyone have advice on where I can look to find said grants? Who to typically contact with the city?
I work at an SBA and we always tell people no. Unless you are disabled, a minority, a veteran, then its not worth your time looking for one. You can look into your city’s chamber of commerce on the off chance there is but don’t count on it. Instead, create a solid business plan and apply for a loan.