Why are people asking for a small business grant if none exist?
Because there are lots of people telling you these grants exist in order to sell you something. As my colleague wrote a few months ago, any one who promises you that you can obtain a small business grant from the government by subscribing to a book, CD or website, is scamming you. Save your money. Doesn’t SBA give out grants? SBA does not provide grants to small businesses. In fact, SBA does not lend money. SBA provides a guaranty on loans made through commercial lenders. This guaranty means that the SBA assumes a percentage of the financial risk if a borrower defaults on the loan. Commercial lenders are inclined to provide SBA backed loans to small business owners who otherwise would not qualify for traditional loan programs. But the government does give out grants, right? Yes, but these grants are generally only available to non-profits, educational institutions, associations and state and local government agencies. Government grants cover a wide range of activities, from agriculture
