Washington, D.C., October 1, 2009
– Micro-business owners received a financial boost to their business in the third quarter, thanks to the National Association for the Self-Employed’s Business Development Grant Program. These NASE Members, with businesses as varied as a communications firm and a recycling service, were awarded a total of $20,000 for their businesses.
With the Business Development Grant program, NASE Members can apply for up to $5,000 for a specific business need such as the purchase of new equipment or software, or the funding of advertising, marketing materials and training. Since the program began in 2006, the association has awarded over $350,000 to member businesses.
The NASE Business Development Grant Program offers access to capital for micro-business owners who have a specific business need – but lack the finances to carry out that goal. The program was designed after an online NASE Member poll found that a majority of micro-business owners (57 percent) initially fund their businesses using personal savings, and many (40 percent) continue to use personal savings for ongoing financing.
“Over the past two years, we’ve seen how just a small amount of capital can get a business off the ground,” said NASE President Robert Hughes. “When a retailer can suddenly sell products online or a contractor can buy a piece of equipment instead of renting it—those small changes to the way a business operates can generate huge profits.”
The following NASE Members received grants during the third quarter of 2009:
Theresa Cassiday of Catena Creations, LLC
in Bellevue, Neb.
Janna Piper of Janna Piper Housesitting
in Portland, Ore.
Lily Hay of Aglow Marketing, LLC
in Indianapolis, Ind.
Robby Gerken of Erie Recycling Services, LLC in Antwerp, Ohio
To learn more about the NASE Business Development Grant program, click here
. Benefit availability dependent upon membership level.
About the NASE
The National Association for the Self-Employed (NASE) is the nation's
leading resource for the self-employed and micro-businesses, bringing a
broad range of benefits to help entrepreneurs succeed and to drive the
continued growth of this vital segment of the American economy. The
NASE is a 501(c) (6) nonprofit organization and provides big-business
advantages to hundreds of thousands of micro-businesses across the
United States. For more information, visit the association's Web site