Pharaoh Mitchell

The Ultimate Guide to Government Grants Pharaoh Mitchell

"Free money." If you're starting or running a business, nothing sounds better. Unlike business loans, you don't have to repay small business grants, so there's no worry over term length, interest rates, APR, or refinancing. You just need to apply, qualify, and boom-free money. There are two caveats, though. First, small business grants are generally pretty specific about what you can spend the money on, whereas small business loans tend to be very flexible. For example, if you score a grant for developing a new kind of environmentally-friendly lemonade stand, then you'll likely have to spend the money on equipment or research, not on buying lemons and sugar. Second, and maybe most importantly, small business grants are hard to qualify for-and even harder to find. There's a lot of misinformation, dead old websites, confusing databases, complicated government restrictions, discontinued contests, and more out there. To help out, I have compiled a list of verified startup grants and small business grants for you to check out. I have categorized them in seven different ways so you can figure out which grants are the best option for you to pursue for your business.