The U.S. Small Business Administration (SBA) offers a number of grants and assistance programs for small businesses throughout the Boca Raton area. In most cases, working with a knowledgeable and experienced Boca Raton government assistance programs lawyer can help you navigate the paperwork and legal requirements for these innovative initiatives. Here are some of the most important facts you should know about government assistance programs for your Boca Raton business.
Most businesses will not qualify for SBA grants, which are generally reserved for companies on the cutting edge of research and development in targeted industries. The grant application process can be complicated and may involve competition from other companies looking for the same slice of the financial pie. Your attorney can often help you to determine the most effective approach when applying for these grants from the SBA and other government agencies.
While grants are notoriously difficult to obtain, it may be possible to qualify for low-interest loans guaranteed by the SBA. These loans are not made directly by the SBA; instead, banks issue the loans to small businesses based on their own criteria for approval. The SBA guarantee can sometimes make it easier for businesses to qualify for these loans from traditional banks. Your Boca Raton government assistance programs lawyer can help you to determine the most cost-effective and practical SBA-backed loan arrangements for your company’s specific set of needs.
Businesses in the state of Florida have a few options when looking for government assistance to grow their companies.
Some cities also provide grants for businesses in economically challenged urban areas. In Boca Raton, the Palm Beach County Job Growth Incentive Grant is available for companies that qualify for this assistance program. By working with a qualified attorney who specializes in these types of government programs, you can ensure that your business gets its fair share of the available funding in our area.
At the Boca Raton business law firm of Berkowitz and Associates, we can help you determine the most appropriate forms of government assistance for your small business. To set up your first consultation with us, please call our offices at 561-982-7800. We look forward to the chance to work with you.