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Five Small Business Grant Resources
Sometimes even the best business concepts don't come to fruition due to lack of funding. Lending sources may refuse funding for multiple reasons. For example, you could have a strong business plan but can't qualify for traditional bank financing because you lack sufficient collateral. Or maybe you can't come up with a sizable down payment, or your business doesn't have a long enough track record. See How Can You Increase Your Chances of Getting a Business Loan? for more information.
Fortunately, there are grant programs available through government agencies and private organizations. Here are five of the top sources of small business grants:
1. The Small Business Administration. While the SBA does not offer grants to start or expand small businesses, it can help connect you with government resources for business grants. Visit its Federal Grant Resources page for more information.
In addition, make sure to read these articles:
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