Government grants for small businesses to grow revenue and customer base
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...