Although guaranteed government loans are often considered amongst the best possible loan options, they still need to be repaid to meet the terms of the funding agreement, whereas small business grants are often mistaken for free money. Government grants are generally amongst the most difficult funds to get so, in many cases, guaranteed loans may be the better of the two options simply because of the greater chance of a small business applicant successfully receiving the needed funds.
How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With hundreds of funding programs and $1,449,415,290 in available funding, you should not wait. Register as a member today!
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.