The life of a single parent is difficult and has many challenges. Nonetheless, overcoming these challenges could be a source of great personal satisfaction. There are various support systems available to help successfully meet the tests of single parenthood. Among those that can help are single-parent support groups and organizations, as well as church networks. For financial assistance, many foundations offer grants and loans for single parents.
Much information on these support mechanisms for the single parent could be found in the Single Parents’ Cash and Sources Guide. Available online, this information source can be accessed for free. Many practical tips are contained in this guide. One is in getting the best results from a foundation. One advice is giving priority on those foundations specifically addressing single parents. Phone calls to these foundations are ideal in order to get a faster response regarding loan information. There are even loans for single moms available specifically for single women raising kids.
Under the guide, single parents are urged to strictly conform with the foundation’s application procedure. Some foundations require detailed proposals, containing such information as references and proof of income. They should submit a letter if it is required. A letter of application should specifically address a foundation or organization. Form letters sent to multiple foundations are ineffective. Grants for single parents are very competitive so you want to make sure you put your best foot forward.
There are foundations, which do not give loans for single parents directly. The loans are granted through non-profit groups. Therefore, these groups are also important for single parents. Their contact details be accessed by checking the “social service” heading in the yellow pages of a telephone directory. A church group which may be familiar with a single parent’s case is another source of potential assistance. Single mother college money are often available through women’s groups or women owned businesses.
Outreach programs in underserved communities are also potential sources of loans for single parents. Some banks now want to tap lending opportunities among those with limited access to financing and are using outreach programs as loan conduits. These banks believe that they can benefit from this market.
Statistical data support this growth trend. The latest Census Bureau statistics show that small businesses owned by minorities are increasing by 20% annually. This increase is also an indicator that more business loans for single parents need to come from the government. This demand growth is being addressed at the Small Business Administration. At present, 25% additional assistance has been extended to women under the agency’s financing guarantee program.
Coping with single parenthood should also extend beyond seeking loans. Single parents can avail of federal and state government programs. One is the TANF (Temporary Assistance for Needy Families). Skills training and job placement, and securing food stamps as well as financial help are the benefits that could be sought from this agency. For help with heating bills, the government body to go to is the LIHEAP (Low Income Housing Energy Program). The resourceful single parents will not be wanting in practical solutions to meet their families needs.
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