A typical question a small business startup or existing business owner might have when searching for funding options for their business.
When it comes to government grants a number of funding purposes are covered. And a number of of these programs are available.
Generally speaking, government grants mainly help small businesses looking to do the following:
- Hire employees
- Train Staff
- Conduct research and development
- Make certain leasehold improvements
- ..etc
The confusion of government grants usually happens that individuals think they are free money which can be used for any purpose.
While the availability of grants depends on the various agencies providing them, the funds can usually be used only for the specific purposes the agencies list as available.
In other words if the grant offered is provided only to hire employees, you can’t use the funds to purchase equipment.
To learn more about what grants are available and if your business may be eligible use the Funding Calculator Tool.
If you have questions on what government grants are available for small businesses, reach out to our experts. Get the answers you’re looking for and give us a call 1-800-288-9691