There’s an old adage that says, "you have to spend money to make money". When it comes to owning and running a business, this adage is especially true, and even though entrepreneurs know this well, it doesn’t mean that incoming costs aren’t a source of stress. Before you can get your business off the ground, or even before you can kick off a new idea or expansion, there are a lot of upfront costs to manage. Your business needs funding. With small business grants, companies can get the push they need in order to move forward with less stress.
So, what are business grants? A business grant is money awarded to businesses in need. Unlike loans, grants don’t have to be paid off. The money is not being borrowed. There is no interest attached. Grants are GIVEN to businesses with no expectation of return.
How Can the Money Be Used?
- Remodel or expand facilities
- Buy equipment, machinery
- Hire and train employees
- Purchase inventory
- Working capital
- protect cash balance
Which Businesses Can Get Grants?
Many different funding sources offer grants to businesses as well as loans and contracts of all kinds: online or brick-and-mortar, big or small, local or international, service- or product-based whatever your business, there may be government business grants, loans, venture capital, or other types of funding available to you.
Additionally, government grants to start or expand a business may be available to minorities, women, and other groups. You just need to be sure you qualify for the different programs.Don't be afraid to pursue a grant or a funding source because of a bad credit rating or lack of capital.
Business Grants are worth it. We think they are!. Thousands of strong businesses today wouldn’t exist without the crucial help of a small business grant. If you have the desire to develop your business, do the research, have patience in the process, and reap the benefits of a grant, you’ll spend less money for more money made.- Grant Advisors
How do Business Grants Work? Sounds too good to be true? Truthfully, obtaining a small business grant can be a lot of work, but that’s why we’re here for you. Plus, the funds received from the grant, might be all the help your company needs in order to succeed.