![]() Grants can be formed to target businesses based on a variety of factors, including minority-owned businesses, specific for-profit businesses as well as non-profit organizations, veteran-owned businesses, grants for women entrepreneurs, and more. For example, securing grants for a minority-owned business can help give your business a much-needed boost for growth and profitability. ![]() And the best part? Grants don’t require repayment of any kind. There are a number of companies, nonprofits, and government agencies providing essentially funding to small business owners in the form of a small business grant. What Is a Small Business Grant?Ī grant is financial assistance that is given to a person, business, nonprofit, or corporation from federal, state, county, or local governments, or private businesses or corporations. Here’s what you need to know about finding and getting free money to start a small business (or grow an existing one). But there are a lot of misconceptions about grants. Small business grants can help your business get the money you need to grow your business.
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