Here’s your comprehensive guide to understanding small-business grants

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Here’s your comprehensive guide to understanding small-business grants

The phrase “free money” is music to ears for anyone who’s establishing a small business. You can get free money for your business if you get grants for small business startup. Unlike traditional business loans, these grants needn’t be repaid anytime. That means when you get free grants for small businesses, you don’t have to worry about term length, APR, refinancing, interest rates and whatnot. Basically, when you apply for a small business grant, you just have to apply for the grant, qualify for it and receive your free money — it’s that simple. But there are caveats when you’re applying for this type of funding for small businesses. Let’s get a rundown on these conditions. Keep in mind these two caveats when applying for free grants for small business Caveat #1: First of all, small business grants are quite specific about where and on what you can spend your free money on. However, business loans can be highly flexible in that regard. Let’s take an example to explain this point more clearly. Suppose you want to set up an eco-friendly coffee counter and you’re applying for free grants for your project. If you receive these grants, then you can’t spend them on buying coffee and sugar — instead, you’ll have to spend the received money on research and equipment. Caveat #2:

Government Grants US


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