Can Start Ups Get Free Grants And Loan Guarantees From The Small Business Administration?
The Small Business Administration (SBA) is the first place every start-up business person and entrepreneur thinks they should go for small business grants. There is good and bad news on this: Yes, it is a great first place to go when you are starting your business because they provide free counseling and financial assistance, however, the SBA itself does not hand out free grant money to start or expand a business. Anyone who tells you otherwise is mistaken, or pulling your leg. The SBA is an independent agency of the federal government and its purpose has remained the same since its creation in 1953. According to their website the purpose of the SBA is “To aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.” The primary way in which the SBA does this is not by providing grants, but by administering low interest loans, or loan guarantees, which give small busi
