A bank is incredibly unlikely to give grants to small businesses because there is no money to be made in them, unlike with loans which offer money for small businesses to use at the expense of interest. As such, a bank has no give to give away money to small businesses when they can offer loans, collect interest, and subsequently reap a profit from the money lent to these small businesses. Grants, on the other hand, are more in the domain of the various government small business funding agencies. So, anyone hoping to benefit from a grant program should certainly look in that direction.
Are you ready to move forward with your business? If you need funding, you�ve come to the right place. By becoming a member of AustraliaStartups, you get access to the Funding Database, the Business Plan Builder Tool, the Investor PitchDeck and the Step by Step Business Startup Guide. This is all that you need to succeed. Take a moment now and become a member. It literally takes 1 minute.
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.