Are small business government grants, loans, or another type of funding better than the rest?
Although one of small business grants, loans, or another type of funding may be preferable, generally speaking, what is best for any given small business owner is subjective due to the varying circumstances between ventures. Loans and grants have their own intended uses and eligibility conditions for each offer, and loans have their own terms such as interest rates and repayment schedules. The benefit of grants is that they do not need to be paid back, but the downside is that less people are awarded grants and they are more difficult and time consuming to apply for.
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