Unlike loans, grants don’t have to be repaid; however, small businesses must meet very particular criteria to receive one, and they must use the money for reasons specified by the granter. “Business grants are not easily obtainable,” Nick Chandi, co-founder and CEO of ForwardAI, told ...
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 8. Small busi...
When we talk about ‘The Best Business Loans for Small Businesses’, loans guaranteed by the Small Business Administration (SBA), also known as SBA loans are undoubtedly the right financing choice. But if you find no luck getting such government loans, grants or other small business loans from...
From applying for grants and loans to reaching out to an angel investor or setting up a fundraising campaign, there are many different strategies here. Here are a few good ways to obtain capital: Bootstrapping: This involves dipping into your own personal finances to fund your business. In ...
Alternatives to Small Business Loans Getting a business loan is not a guarantee; learn what to do if denied a business loan. Additionally, you can explore the following funding options: Business Credit Cards Small Business Grants Personal Savings ...
» MORE: Best banks for small-business loans Small-business grants Funding can also be obtained from startup business grants offered through private foundations and government agencies. Award money can be used for a variety of business purposes, but you will face competition for this ...
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 ...
If you’re looking for a cash boost for your Scottish business, you may have explored various borrowing and funding options, but have you considered a small business grant or a start-up business grant? Small business grants are designed to help businesses grow while also bringing wider benefits...
Most Small Business Administration (SBA) loans require a personal credit check, and some loans also require a business credit check. However, most SBA loans don’t have a minimum credit score requirement, “acceptable credit” is required, though, and most lenders who make SBA loans require goo...
Business owners who need a small amount and don’t qualify for larger loans Business credit card Business owners who need to cover ongoing working capital expenses Tip: Also consider financing options that don’t involve borrowing, like crowdfunding or small business grants, such as business grants...