How to Find & Get Small Business Grants

How to Find & Get Small Business Grants

The U.S. government does not currently provide grants for starting or expanding a small business. However, the government does offer plenty of free help in planning how to start or improve your business and in securing low-interest SBA-backed small business loans. In addition, many states DO offer small business grants to individuals.

Small business grants are often a hot topic among entrepreneurs with limited funds and access to capital. We have all seen the headlines: "Free Government Grant for Small Business." It seems all too easy. Locate a government small business grant, apply and before you know it you have the money to grow your cash-strapped business.

Are small businesses really worth it?
Why is the U.S. government interested in helping small business? America's 25 million small businesses employ more than 50 percent of the private work force, generate more than half of the nation's gross domestic product, and are the principal source of new jobs in the U.S. economy.
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Most U.S. government departments, such as the Department of Commerce, do not provide any grants for starting a small business. Grant programs are available through state programs and other groups. The grant programs are often awarded to fields such as medicine or education, with very specific eligibility criteria.