MP Commercial Advisors Blog

  How to Prepare and Succeed When Applying for a Business Grant Thinking about applying for a business grant? Whether you’re a startup, a woman‑ or minority‑owned business, or an established company looking to expand, grants can provide essential funding — but competition is fierce. Preparation is key to giving your business the best chance of success. Here’s how to get started: 1. Understand What Grantmakers Are Looking For Every grant has a purpose. Some focus on supporting minority entrepreneurs, others on community development, innovation, or sustainability. Carefully review the eligibility criteria, funding priorities, and guidelines before applying. Tailor your application to align with their mission. 2. Gather Key Documentation Early Having the right documents ready can make your application smooth and professional. Common requirements include: Business plan or executive summary Financial statements or projections Proof of business registration and licenses ...

Finding the right space for your business is exciting — but it’s also one of the most important financial decisions you’ll make. A poorly negotiated lease can cost you thousands over time and limit your flexibility to grow. Here are the top five mistakes I see small business owners and startups make when leasing commercial space — and how you can avoid them. 1. Signing Too Quickly Without Negotiating In the rush to secure a space, many tenants sign the first lease put in front of them. Landlords expect some negotiation, so don’t leave money on the table. Everything from rent, tenant improvements (TI), and free rent periods to renewal options can often be discussed. Pro Tip: Take the time to review the lease with an advisor before signing — even a few small changes can add up to big savings over time. 2. Underestimating Operating Expenses (CAM Charges) Common Area Maintenance (CAM) charges, property taxes, and insurance can significantly increase your monthly occupancy cost. M...