[broncos4676]

I was reading online about grants for felons to start there own company because its so hard to find a job. Is there any truth to this because I was thinking about looking into it any info would be great thanks

[Fr_Chuck]

No truth to it.

There may be a local grant here or there, but it would only cover at best part of the costs. Most grants would go to companies to teach excons job skills, or half way houses.

There are some grants for starting business, that anyone can apply for. Many will be mostly tax breaks for the number of jobs you will be starting. Others may help pay with job training of employees.
If you are putting a business in a economic depressed area, and esp if it is a "green industry" there may be more

[djmoya]

I'm a convicted felon and I have had a hell of a time finding employment and the article below has helped me. I want to start a business and I found that it takes a combination of grants and loans. That's loans from the government and loans from friends and family. I hope the article below helps.

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You have served your time and now you just want to get on with your life. That is quite understandably but many felons find themselves in a financial situation after they have served their time. Some felons want to go back to school while others want to start a business. Luckily for felons, you can apply for grants for felons which would help you reach your endeavors. Applying for grants should be your first choice rather than applying for loans. This is because loans must be repaid while grants do not.

If you plan on going back to school to get higher education, then you should apply for the Pell grant for felons. You have to fill out the FAFSA in order to get this grant. The grant is given based on your income and assets. The government will calculate your income and assets and determine whether you get any money. The amount of money you get also ranges depending on how much money you currently make. There is a question on the FAFSA which asks if you ever been convicted of drug charges. As long as you complete a drug rehabilitation program then you do not have to answer yes to that question.

For felons that wish to start a business, getting capital is a priority. You may want to check out grants.gov to see what types of business grants for felons are available. This database basically has all kinds of federal grants so take your time and find the one for you. Another way of getting grants is by contacting organizations that help felons. The key to getting grants is to apply to as many as you can. In this way you are heightening your chances of getting money.

Finally, if you cannot seem to find money from the government or from organizations, you can always ask your family and friends. Do not discount them just because you know them. They may be more than willing to help.