Although government loans and grants are the two most popular forms of government small business financing, they do have some fundamental differences. Grants are often mistakenly known as free money because, as long as you are approved for them, you do not have to pay them back. They do have specific conditions and terms for approval, however, and the misconception regarding grants being free is also false. Loans generally allow for more discretion within the spending of the funds if you are approved. However, must be paid back with interest. It is possible to qualify for both loans and grants, and we provide a number of resources to help you find the best funding options for you. Get in touch with us by phone at 1-800-288-9691. Alternatively, fill out our information request form on our website.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.