One area where felons struggle after release from prison is “finding employment”. Even when they are able to find employment, Felons may be limited to entry-level minimum wage jobs. Depending on the state of residence and personal expenses, a minimum wage job may be insufficient for a felon.<\/p>\n\n\n\n
Higher paying positions may require that job applicants do not have any felony convictions or any convictions in the last 7-10 years. The above-stated requirement disqualifies many felons during the hiring process.<\/p>\n\n\n\n
To solve the employment problem, some felons choose to start their own business<\/a>. The problem that potential business owners have is finding capital. This situation is even harder on felons because many financial institutions may refuse to give them a loan.<\/p>\n\n\n\n
A solution to this problem is \u2018a business grant\u2019.<\/em><\/p>\n\n\n
A grant is not the same as a loan. A loan refers to money that is borrowed from an individual. After an agreed period, the loan is usually paid back with interest. A grant is a money given to an individual who needs it for a determined purpose. The condition for giving out a grant is that the money will be used for the stated purpose.<\/p>\n\n\n\n
If you are a felon who would like to start your own business, you should start looking into business grants.
\nHere, we will list some business grants that fund felons. We will also provide you with a list of everything you should know about business grants for felons.<\/p>\n\n\n