Have you looked into James Irvine Foundation? I had a friend that got a grant from there....

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Something I have done in the past to raise operating capital was to approach a private investor.   It is surprising to see how many people are out there who are happy to invest in a venture of sorts for a good return. That being said, those same people will be wanting a proper business plan with projections. They might also want some form of security by way of part ownership in the business - shares etc. You can then buy them out at a future date at a pre-determined price.   Lastly - the most important thing that a private investor will be looking for is the ability of the jockey - YOU. So whether it be by way of your history, business record, or the way you present yourself - you need to sell yourself !

Generally, you are first and foremost dealing with a zoning problem. In order to provide services to a number of people who are not related, you must make sure that you are under the unrelated residents exception of the zoning code. Usually, you can have six or less unrelated people in a house without seeking a zoning variance. Then, there is the question of your infrastructure. It is important that you incorporate in order to limit your liability and keep your personal assets away from any potential lawsuit. While an elderly person may die naturally in your facility, the greedy relative and their lawyer may not think so. José

Hi My name is William and I have inherited a home that I would like to turn it into a place where elderly people can get help and have a place to stay (Qty 3-4) how can I get help with this?

There are many options for businesses like your - but, they do depend on how much you are seeking and what you can use to secure the capital. Very hard in today's market to get an unsecured loan unless you have very strong credit and sufficient cash flow. However, there are ways to factor your current business to obtain the growth capital you are seeking. Example, if you sell auto parts - you probably take credit cards payments for your goods. Based on that, there are Business Cash Advance providers that may provide you funding based on your level of credit card sales - you can then use this funding for inventory, expansion or whatever. Now, if you are not seeking a large amount of funding - there are other options likes social loans (up to $25,000) or even micro loan that can provide up to $50,000 for established businesses. Lastly, as stated, unsecured loans are extremely hard - but not impossible - if you have steady income and strong personal credit - there are a few financial firms that can provide up to $125,000.

rcardist182, Unfortunately, the Federal government usually doesn't give out grants to for profit organizations to cover operating expenses. You can look into some of the available grants with the Business.gov Loans and Grants Search Tool. You may want to look into getting a loan or another form. Take a look at our new business article, the Ultimate Guide to Financing. JimD

my advice is to start online... you should sell parts via Amazon or Ebay.... it is the best strategy.