You may have a chance to receive small business loans and grants if you apply for ones that you are eligible for. However, no government loans or grants you may receive are actually going to be free. If you need money for your small business, decide about how much you need and what you want to spend it on. If you need funding quickly it may be best to apply for a loan. Grants can be very useful. However, take time to write a proposal, and only the winning proposal is awarded the money. Grants do not require repayment, however. So, they can be worth the extra effort.
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.