Are there grants to help fund a for-profit business?
Generally funding organizations do not provide grants to help fund a for-profit business, however several agencies including the Small Business Administration have low interest loan programs. Of the few grants that may provide funding to for-profit businesses they are for a very specific purpose and not for general business operating purposes. Small Business Development Centers (SBDCs) recommend that time generally would be better spent in working on improvements to your business rather than investing time in applying, performing the work required and reporting on the use of grant funds. There is a federal grant program for small businesses titled the Small Business Innovation Research (SBIR) Program. It is reserved for companies doing research and development and not intended to fund the operations of a company. Many states have programs that provide assistance in applying for SBIR grants.
Generally funding organizations do not provide grants to help fund a for-profit business, however several agencies including the Small Business Administration (SBA) have low interest loan programs. While the SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. There is a federal grant program for small businesses titled the Small Business Innovation Research (SBIR) Program. It is reserved for companies doing research and development and not intended to fund the operations of a company. Many states have programs that provide assistance in applying for SBIR grants.
