GovernmentGrants

  Taking a loan is something that may come to your mind first while looking for funding to grow your small business, but it can be challenging to get the money you need. However, do not overlook other possibilities, like grants, which are essentially free money that you are not required to repay provided you are eligible, and utilize it for the purpose for which it was given. The US Small Business Administration (SBA) provides government grants for small businesses through its two programs – Small Business Innovation Research (SBIR), and Small Business Technology Transfer (STTR). The funds are given to small businesses who undertake scientific research that helps meet federal research and development objectives, and have a high potential for commercialization.      Awards by SBIR and STTR range between $50,000 to $250,000, and are generally awarded for a period of six months to one year. The objective of the awards is to help small businesses continue with their research

Startups always have the crunch of money when it comes to growth and expansion but it’s very difficult for them to get the required capital. Getting funds for them is always challenging, as many lenders do not come forward due to un certainties and the credibility of their business operations. While getting loans can certainly be hard, you can rely on startup business grants which are available exclusively to SMEs. These grants are provided by federal, state, and local governments, and also by private organizations. Moreover, unlike loans which you have to repay with interest, startup business grant is free money which is given to you to grow your business a n d boost the local economy. You are not required to repay, it's free money, all yours! The US Small Business Administration (SBA) provides startup business grants through its two programs, viz. Small Bu siness Innovation Research (SBIR), and Small Business Technology Transfer (STTR). Money is given to encourage small

If you own a small business and want to grow it, taking out loan can come to your mind first but then you would be overlooking other promising opportunities in the form of government grants. Unlike loans , government grant s for small busines ses are not required to be repaid, but at the same time , they are more competitive and difficult to obtain. The US Small Business Administration (SBA) runs two programs, viz. Small Business Innovation Research (SBIR), and Small Business Technology Transfer (STT R), through which it offers government grants for small businesses to help meet federal research and development objectives . SBA also funds state Trade Expansion Program (STEP) that provides money to states and US territories, enabling them to offer grants and other financial assistance to small businesses looking to export internationally. Rural Business Development Grants are available to businesses that seek to develop operations in rural areas. The grant m oney is given to pro