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Frequently Asked Questions (FAQs)
DEFINITION OF A GRANT: "Grants are government or corporate funds used to assist individuals' ideas and projects in providing public services and stimulating the economy."
Grants are usually awarded by organizations or government agencies to individuals or organizations for specific purposes, such as research projects, educational programs, or community development initiatives. Unlike loans, grants do not need to be repaid because they are not considered a debt.
Grants are typically awarded based on certain criteria, such as the applicant's qualifications, the relevance of the proposed project or program to the grantor's objectives, and the potential impact of the grant-funded activities. Once the grant is awarded, the recipient is expected to use the funds for the specified purposes and to report on the progress and outcomes of the project or program.
Because grants are awarded to promote specific goals or public interests, the funds are considered a public investment rather than a loan. The grantor expects that the project or program will produce positive outcomes that will benefit society, and the grant recipient is not expected to repay the grant unless there is a breach of contract or failure to comply with the terms of the grant agreement.
You must be a business owner in the United States
You must have an active LLC, S-Corp, or S-Corp and an Employer Identification Number (EIN)
You will be able to fill out one form with American Funding Group and answer 30+ questions to be paired with our best grant
The average approval rate for obtaining a grant is 30% to 40%. Therefore, if we apply for you to 4 to 8 grants in 1 year, there should be an approval rate of 1 to 3 grants being approved per year.
Results vary based on how much information you provide and your willingness to furnish us with more information that the grantor may need during the grant approval process.
NO, there are NO GUARANTEES that you will be approved for any grants, although we have a very high success rate.
Our mission is to further increase the number of businesses funded by grants this year.
American Funding Group is not the institution that will approve or decline grant applicants or the grantors who distribute the funds. We have no control over the grantor's decision to approve or decline your grant application. Therefore, we can not guarantee that your grant application will be approved.
Yes, there is a cost. We have two subscriptions available in our grant program.
(1) We will submit 4 grants for you each year for a fee of $49.99 in addition to a $50 setup fee
(2) We will submit 8 grants for you each year for a fee of $99.99 in addition to a $50 setup fee
There are no refunds, as everything is month-to-month. You can cancel at any time by logging into your grant portal.
American Funding Group is not an actual provider, distributor, or grantor of funds.
Grants are provided and distributed by private and federally-funded institutions listed on:
https://a4cb.org/services/grants
https://www.decaturedc.com/b2b
Within our portal, we have access to over 850 grants each month. We choose 90+ grants from that list, which you are most likely to be approved for based on the information you have submitted. After that, we use your information to apply for the best grant that has the highest chance of getting approval for your company.
(1) American Funding Group typically takes 30 days to submit your first grant proposal to a grantor
(2) You will hear back from each grantor within 30 to 90 days from the time we submit each grant.
(3) After your grant has been approved, it takes another 3 to 6 months for the grantor, who approved your grant, to distribute your funds.
No, you do not have to repay a grant. Please refer to the definition of a grant provided below:
DEFINITION OF A GRANT:
Grants are usually awarded by organizations or government agencies to individuals or organizations for specific purposes, such as research projects, educational programs, or community development initiatives. Unlike loans, grants do not need to be repaid because they are not considered a debt.
Grants are typically awarded based on certain criteria, such as the applicant's qualifications, the relevance of the proposed project or program to the grantor's objectives, and the potential impact of the grant-funded activities. Once the grant is awarded, the recipient is expected to use the funds for the specified purposes and to report on the progress and outcomes of the project or program.
Because grants are awarded to promote specific goals or public interests, the funds are considered a public investment rather than a loan. The grantor expects that the project or program will produce positive outcomes that will benefit society, and the grant recipient is not expected to repay the grant unless there is a breach of contract or failure to comply with the terms of the grant agreement.
No, this program is not considered a loan in any way. Please refer to the definitions of a grant versus a loan provided below:
DEFINITION OF A GRANT:
DEFINITION OF A LOAN:
This is a grant and not a loan. Therefore, these funds do not need to be repaid, and the rewards are not distributed as a loan but as a grant.
(1) Go to https://afgcorp.us
(2) Go to "Grant Program" on the website or at https://afgcorp.us/grant
(3) Click on "Access Grant Portal" or "View Requirments"
(4) Answer the questions in the form and select your grant package
(5) After that, please answer all the questions on the "Onboarding Page", and you're all set!
Normally, it takes American Funding Group 30 days to submit your initial grant application to the grantor. You will receive a response from each grantor within 30 to 90 days from the time we submit the grant application. Once your grant is approved, it may take the grantor who approved it 30 to 90 days to distribute the funds to you.
We DO NOT take a percentage of your grant after it has been approved. Instead, we charge a low monthly fee of $49.99 to $99.99 to assist you in grant writing."
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Copyright© 2022 American Funding Group®® All Rights Reserved