Government Small Business Grants
Government small business grants are not as readily available as what others has been saying. Despite the many advertisements out in the market, there are no particular Government SB grants that are available for small businesses that are looking to start out or even expand.
To be clear, the US Small Business Administration does not offer government SB grants. But do not be disheartened just yet; there are still other ways in which you can get the funding for your small business. Although there is still no particular program that focuses primarily on small businesses, the government, however, do allot money in order to support programs that are designed to expand & enhance organizations that provide small business management, financial, or technical assistance like non-profit organizations, state & local governments, and intermediary lending institutions.
The above mentioned organizations in turn are the ones that may provide grants for small businesses. So, although indirectly, the government still, in a way, provide assistance to small businesses in their venture. Technically speaking, almost anyone can avail for a grant; the process of getting into the program is the part that is hard. As said, applying for a grant is easy; the difficulty lies in the actual process of being qualified for a grant.
There are qualifications that applicants must first pass; each organization might have different qualifications, which is why researching first is imperative. Before applying for a grant, make sure that you have all necessary information & back-up documents to present, incase asked for. One good thing about grants is that once you do qualify & get the financing, you do not need to pay it back, unlike when you avail for a loan.
Grants are specifically designed to help its grantees, & not to bring them down further with more debt. That is why grants are considered the best option when looking for financial assistance for businesses—that is if you qualify for one.