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- personal government grants
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Did You Know:
Billions of dollars are accessible to Small Businesses, most commonly in the form of Grants and Loans. These funds and others playing a key role in Business Start-ups, Business Expansions, Research & Development in small and medium size enterprises which helps the overall growth in developing the economy. Accessing these types or generally any type of funds, whether it be Business Grants & Loans, Government Grants, Small Business Loans, Woman's Business Grants, State Grants, SBA Loans, Venture & Angel Funding, Bank loans and more.
Facts About Government Grants:
The federal government does not provide grants for starting and expanding a business. Government grants are funded by your tax dollars and therefore require very stringent compliance and reporting measures to ensure the money is well spent. As you can imagine, grants are not given away indiscriminately.
Grants from the federal government are only available to non-commercial organizations, such as non-profits and educational institutions in areas such as, medicine, education, scientific research and technology development. The federal government also provides grants to state and local governments to assist them with economic development.
Some business grants are available through state and local programs, non-profit organizations and other groups. For example, some states provide grants for expanding child care centers; creating energy efficient technology; and developing marketing campaigns for tourism. These grants are not necessarily free money, and usually require the recipient to match funds or combine the grant with other forms of financing such as a loan. The amount of the grant money available varies with each business and each grantor.
If you are not one of these specialized business, both federal and state government agencies provide financial assistance programs that helps small business owners obtain low-interest loans and venture capital financing from commercial lenders.