Small business loansare one of the most common ways that new entrepreneurs secure funding for their businesses. Unlike grants, loans need to be repaid, so it’s important to understand how much money you need, what it will be spent on, and how you plan on making the money to pay the l...
As noted above, the SBA provides grant money through STEP and its Small Business Development Centers that eventually funds small business support and development on the state or regional scale. In addition, the U.S. Department of Commerce has two programs that fund a variety of grants distributed...
Small business grants can unlock free funding for your company or startup. We’ve curated 40+ grant programs for small businesses, plus show you how to apply.
You can find small-business grants at government agencies, state organizations and private corporations. Here are a few good places to start your search.
How do I apply for a small business grant? Each grant will list the steps for applying. You’ll need to communicate your business idea, explain how you plan to use the grant funds, and provide relevant documents (business plan, financial statements, etc.). In general, grant-issuing organiz...
More broadly, there are private grants, like Nav’s Legitify Your Small Business Grant, which simply gives free money to the most deserving applicant, whatever that might look like. Can I Find a Grant Online? There are a number of places you can search for a grant, both online and ...
A small business grant is money awarded to a business with no repayment or portion of equity required. While often rare, unless you’re in the agriculture or medical industries, they are more common for nonprofits. Dig Deeper:What are small business grants and how to get them ...
Small business grants: The biggest benefit of using grant money is that you won’t have to pay it back. A good place to begin looking for grants and eligibility is on the grants for community organizations page of the U.S. Small Business Administration website. Alternatively, you can check...
Make a plan for how you'll use the grant money Some organisations may have guidelines for how grants for small business startup money should be spent, but even if they don't, it's still crucial to have a plan in place. When an organisation considers whether or not to award your compan...
Small Business Grants Pros Can’t stress this enough: non-repayable money. This huge pro about grants justifies the competition and the effort needed to apply because free money doesn’t come easy in this world. If your business is eligible for a small business grant, it’s better to channe...