What Is a Start-up Business Grant?
A grant for a start-up business is a sum of money given or loaned to a new company to help mitigate the costs of opening a new business. Start-up costs range from initial payroll expenses, to advertising, to obtaining licenses for operation. Grants are given to help cover these costs and decrease the time it takes for your business to show a profit. Small Business Administration Grant The Small Business Administration offers twenty-five different grants to assist start-up and fledgling companies. Several of these grants do not require payment in return, but others, such as the Small Business Investment Companies Grant, do. To apply for SBA grants, download their procedural forms and apply for the grant. If your initial application is accepted, you will be interviewed to determine if you are a suitable candidate for the grant. Business Development Grant If you are a start-up company and are looking to expand your business, apply for a business development grant. You must have a business
