Although one of small business grants, loans, or another type of funding may be preferable, generally speaking, what is best for any given small business owner is subjective due to the varying circumstances between ventures. Loans and grants have their own intended uses and eligibility conditions for each offer, and loans have their own terms such as interest rates and repayment schedules. The benefit of grants is that they do not need to be paid back, but the downside is that less people are awarded grants and they are more difficult and time consuming to apply for.
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.