Business Grants for small businesses

by Caron_Beesley, Community Moderator

  • Created: October 17, 2011, 7:43 am
  • Updated: April 30, 2012, 6:59 pm

Does the government provide grants to small businesses? Ah, well, yes and no. It depends on what business you are in, what kind of return the government and taxpayers can expect from their investment and whether you match some very stringent eligibility requirements.

Here are some facts about government grants for small businesses, including who is eligible and how you can go about finding them.

Can I get a Government Grant to Start and Grow My Small Business?

It’s not unreasonable to expect that the government provides grants for small businesses. People all over the internet are telling you it’s possible, and some will charge you for giving you “details.” The fact is, government grants are funded by your tax dollars and, therefore, require very stringent compliance and reporting measures to ensure the money is well spent. As you can imagine, grants are not given away casually.

Whatever you’ve heard from speakers or read on the internet, federal and state governments do not provide grants for any of the following:

  • Starting a business
  • Paying off debt
  • Covering operational expenses

That being said, some federal government grants are available to small businesses. But here’s the catch —federal grants for businesses are typically aimed at specific industries and targeted causes identified by the government, such as scientific and medical research, conservation efforts, and so on.

At the state government level, business grants or “discretionary incentive grants” are sometimes available and, again, are closely tied to the agency’s agenda. These grants usually serve to advance regional economies and promote causes, such as clean energy development. However – and here’s the crux of the matter – state grants are often targeted at larger employers and have stringent eligibility criteria that prevent many small businesses from tapping into this funding source.

My Small Business is Involved in R&D, Am I Eligible for a Grant?

If your small business is involved in scientific research and development (R&D), you may qualify for federal grants under the Small Business Innovation Research (SBIR) program.

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2008-01-21 23:54:44 by Vica

Need a Grant for Women Owned Small Business

Hi. I just started my own business and I'm looking for a grant for Women Owned Small Business. Does anyone have info for Washington State or National organization which offers programs for small women owned businesses?
Also, the foundation of the business is to promote American manufacturers and to help lift our economy. Are there grants for businesses like that as well?
Thanks for all the helpful info that you might have!

2012-11-10 01:45:17 by DMmoney

US. GOV. Small Business Loans&Grants (Free info)

Hi guys,
ATTENTION: THIS IS NOT A SCAM. It is a FREE service given to business owners and business owners to be. You will NEVER be asked to pay for this information. You will NEVER be asked to give personal information.
US. Government Grants & Loans:
New information on government releasing loans of up to $250,000 and grants up to 50,000$ for small businesses that need cash flow.
However, in order to get funded you'll need to know the proper way to apply and the requirements your business needs to meet in order to get approved. Funds usually issued 60 – 90 days after submission

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