Federal Grant Money

If you are a business owner in this upside down economy, you are looking for every source of available capital. But slow down a bit. Whenever a hot topic hits the news, the con artists crawl out from under their assorted rocks and jump into high gear. Make sure you don’t take the bait and become snared in one of their deceptive traps. Here is the true skinny on what is going on with Obama’s American Recovery and Reinvestment Act of 2009. As far as small businesses, the stimulus bill has the following general benefits: 1) a smattering of various tax deductions of which I’m not qualified to espouse, 2) billions of dollars allocated to states for infrastructure rebuilding (highways, bridges, rail, hospitals, schools, water treatment, alternative energy, etc. ) which indirectly helps small businesses, especially contractors, and 3) making more attractive SBA loans through private lenders by boosting up the guarantee percentage to 90%, reducing SBA fees completely, and streamlining the funding process. In other words, making the existing programs “new and improved”. . . . → Read More: Obama Mortgage Relief Program: The Truth About Stimulus Checks

In 2008, more than seven hundred billion dollars had been approved for government granted and dubbed “bailout money” to help those suffering in financial crisis, in debt and in danger of losing one of their most valuable assets, their home. This year, Obama is in the process of approving more than eight hundred billion dollars to assist these consumers in their quest to maintain financial health. There are billions of dollars available and millions of people that are living in the United States – shouldn’t you take financial responsibility and apply for these grants that can help you to get on the road to a brighter future? . . . → Read More: Obama Mortgage Relief Program: How to Apply and Get Approved

The Obama administration recently outlined new efforts designed to increase the number of borrowers who receive the Obama mortgage relief program. The Treasury Department announced plans to monitor the actions of the largest mortgage servicing companies. It also announced it is requiring mortgage companies to develop and plans to increase the number of completed loan modifications. . . . → Read More: Obama Mortgage Relief Program: Obama National Credit Relief Program