What are small business grants?
Starting, running, and growing a business is an expensive journey, but there are multiple options out there to gain funding. While many business owners turn to bank loans, investors, or private equity funding, other entrepreneurs apply for business grants.
Governments and other financial institutions understand that funding the growth and success of a business is not cheap, so there are hundreds – if not thousands – of grants available for specific business ventures.
Business grants are funds that are given to an individual or business by governments, private companies, non-profit organizations, or other financial institutions. Grants often serve a specific purpose – either to support an industry, a community, or a region. This does make them highly competitive, and they usually have strict conditions that need to be met.
Find out more: Thinking of buying a business? Read our guide on how to buy a business for helpful tips.
However, the greatest advantage of a grant is that you don’t need to pay it back. Grants can be direct injections of cash, funding for resources or training, or they can take the form of tax reliefs.
Our grant resources you can explore
If you reside in the United Kingdom, and you’d like to explore different grant options, you can read our guide on grants in the UK.
Australia has many grants available for different sectors. If you’d like to discover them, you can explore our guide on Australian grants.
If you live in the United States, you can access hundreds of grants to support your business venture. If you’d like to find out what they are, you can read our guide on grants in the US.
Canadian business grants are a valuable source of funding for many entrepreneurs and business owners. If you’d like to understand your options, you can read our guide on grants in Canada.
Funding in South Africa can be difficult to access, so it is important to conduct your research on available grants. You can find out what funding is available in our guide on grants in South Africa.
If you’d like more support in your business venture, you can contact our customer support team.
We wish you the best of luck in your application!
Find out more: Looking for funding? Read our loans to buy a business guide for helpful tips and funding options.