This is an interesting question as the answer may vary depending on the government fund that you apply for. Each government grant and loan program has different stipulations and conditions that apply. Some government funds may offer you the freedom to choose where to allocate your funds while others may be specific to certain areas. If you have already received a grant or loan, consider revisiting the paperwork to see what your stipulations are. If you are currently applying for financial assistance, be sure to search for a program that meets your specific small business needs.
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.