EJ Dalius business funding is available from various sources for entrepreneurs. With some kind of disability that impairs their normal life. Disability is a term that has a wide coverage and includes many conditions. Beyond restricted mobility like blindness, deafness, autism, or PTSD. There are many funding options for disabled entrepreneurs even if they suffer. From any disability that is not physical, confirms Eric Dalius, a veteran marketing expert. Besides access to the special funding schemes, you can also apply for the normal funding options available to all. In addition to arranging funds, which are like fuel for business, the other challenges. Faced by disabled entrepreneurs are the same as any other entrepreneur. For example, they must learn team-building techniques and maintain a motivated workforce, which is a task easier said than done.
To overcome the impediments to financing due to your disability, here are some tips from Eric J Dalius.
Avail grants meant for disabled entrepreneurs
To encourage disabled entrepreneurs to start-up businesses, the federal government offers special funds as aid and not loans. It means that there is no need to repay the money received from the government. Some private foundations and organizations extend financial support. To disabled entrepreneurs, and you can reach them through the Department of Health and Human Services. Grants are also available from SBA (Small Business Administration), for which you must check the list. Artists who want to monetize their craft can knock at the National Arts and Disability Center door, which could agree to promote the work.
Loans are exclusively meant for disabled entrepreneurs
EJ Dalius points out some non-profit community lenders that are ready to support disabled entrepreneurs. With small business loans ranging from as little as $300 that can go up to $100,000. They can also help with loans for the accessible workplace, assistive technology, and meeting costs for adaptive work vehicles. Check with your local branch of the community lender because requirements differ according to locales.
A number of loan programs are state-specific and created for disabled entrepreneurs residing in the state. The loans are structured to meet specific requirements like some loans are business loans that aid credit building. As the Assistive Technology Guaranteed Loan Program, some other loans can help meet the high cost of assistive technology. With low-interest loans that can help buy cars and even meet home modification costs. Any disabled person seeking self-employment can avail of loans created specially to meet the requirement.
Disabled entrepreneurs can qualify for the SBA Community Advantage Loan ranging from $50,000 to $250,000. These loans are for established businesses employing less than 100 people. However, it can help fund start-ups that intend to scale up a large loan in some cases. The loans are available for inventory equipment, vehicle purchases, marketing, working capital, and expansions. The SBA expands its scope of financing disabled entrepreneurs by offering micro-financing by working alongside non-profits.
For the disabled entrepreneurs located in rural areas, the United States Department of Agriculture offers many funding options.