Small Business Grants: Where to Find Them and How to Get Them
Looking to start or grow your business but feeling tight on cash flow? Small business grants may just be the extra stability you need.
When it comes to grants, there’s good news and less good news. The good news: there are billions of dollars set aside for qualifying businesses—and you don’t have to pay it back.
The less good news: many of these grants have strict requirements to determine who qualifies. And you may need to continue to meet more requirements after you receive the money.
In this article, we’ll look at several types of small business grants and how you may be able to secure them.
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Key considerations to make when applying for small business grants
Because small business grants are not loans, they don’t usually require an assessment of creditworthiness. Issuers of grants also don’t expect to own assets in your business, since this type of funding is not classified as investment capital. That being said, they still expect a return on investment, albeit not in monetary form.
When looking for grants for your small business: