Being a small business owner is not the easiest way to earn a living, but it can be gratifying! Both new and established businesses go through transitions of growth and difficulty.
A grant is money provided to a business, individuals, educational institutions, or non-profits. Free money grants are offered by trusts, government departments, or corporations, and you will not have to pay the grant back in most cases.
How Did Free Money Grants Become An Option To Provide Funding?
Today most grants are available for organizations rather than individuals. When grants first started, they were only available for organizations, and there were no options for individual grants.
When free money grants originated, they were all funded by the federal government. These days, grants are organized and sponsored by non-profits, corporations, states, counties, and cities.
As an incorporated business owner, you can also consider applying for a business loan. A business loan is funding provided for business owners who qualify for the terms the lender requires.
This allocation must be paid back with interest according to the terms set by the lender. Terms are set before funding is provided, so make sure you know the obligation before moving forward.