Grants, Charities, and Successful Young Companies—Business Fuel Podcast #61

  • December 24th, 2013
  • Ty Kiisel

Using Grants to Start a Company

Listen to our interview with Veneka Chagwadera

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Veneka Chagwadera and her husband founded Nouri about a year ago. The goal was to not only create a tasty and nutritional snack bar, but to help feed hungry children around the world. Unlike many of the small business owners I get to speak with, Chagwadera turned to a combination of financing options including grants to fuel the growth of her fledgling company. Check out today’s podcast to learn about how she did it, where to find this type of funding in your neck of the woods, and some of what has made Nouri successful.

About the Author

  • Ty Kiisel

Small business evangelist and veteran of over 30 years in the trenches of Main Street business, Ty makes small business financing and trends accessible in common sense language devoid of the jargon.

Comments

  1. Are there any funding options that you do not need to join a group or buy a membership to be able to find funding?

    • There are many such financing options. Lendio, for example, is not a membership organization. When you complete your profile you will be matched to appropriate lenders based upon your answers to some basic financial questions. There is no Lendio membership, but you will need to answer a few simple questions to see which lenders are a best match for you and your small business.

  2. I am in the process of trying to get funding to open up
    an auto service/auto salvage and recycling yard.
    I need some advice on funding options. I was going to do merchant loan. Let me know,
    Thanks,
    Kurt

    • A merchant cash advance could be a good short-term option for your business. You might want to consider answering a few questions to complete a profile on Lendio to see if you get matched to any of our lenders who will be happy to evaluate your situation to see if a merchant cash advance or another loan product is a good fit for you and your business.