President Bush Offers Government Grants and Loans to Women, Minorities and Home Based Businesses

New Cooperative Program Provides Government Grants, Loans and Job Training

If you are recently unemployed or credit problems are holding you back from starting a business, buying a home or new car, here is important news. Government and private lending institutions are now joining forces to stimulate the national economy and to make it easier for people with poor credit ratings to get low interest loans.

President Bush declared, "The entrepreneurial spirit in America is healthy. It is a great strength of our country. If you feel like you've got what it takes to start a business, if you want to go out on your own, you think you've got a good product, the country says, we welcome you to do so."

Billions of loan and grant dollars have been earmarked for people previously identified as credit risks, proclaimed Terry Newborn, a researcher for Government Publications based out of Washington, DC. Money is available to purchase homes, cars, start a business, and consolidate debts plus many other purposes. In addition, new financial resources have been committed to help the unemployed get job training and re-enter the job market.

HUD Secretary Alphonso Jackson and President Bush have introduced a Homebuyers Bill of Rights to help prospective buyers understand the true costs of their mortgage and reduce settlement fees. Many of America's largest financial institutions are committed to increasing home buying opportunities for minorities, credit impaired, the homeless, the elderly, people with disabilities and those on subsidized incomes.

"Now is the time for citizens to act if they need money for any worthwhile purpose," urged Newborn. He also reported that several reduced-cost and even free programs now exist to benefit economically disadvantaged and recently unemployed persons. Such programs include dental and vision care services, prescription plans and legal aid. Newborn warned, "Americans should be wary of TV ads and web sites that advertise a Free Medicine Program because most contain hidden charges and fees."

Government Publications offers a CD-Rom, which provides the latest information on new programs as well as existing free grant and loan resources for any worthwhile purpose. It sells for $39.95. The CD-Rom also includes 50 successful grant and loan applications that were funded. These sample applications are essential items since most denied grant and loan applications are due to improper or incomplete paperwork. For more information log on to: http://www.govpub.org or http://www.capitalpublications.com or call 800-306-0873 or 800-416-0712.

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