Are you a budding entrepreneur looking for ways to raise funds to open your business or maybe you have an established business and need funding to expand well in either case you have different options, one of them being Small Business Grants . Grants are essentially free money given to businesses from various groups such as the government, large corporations or private foundations.

Federal level business funding through grants are usually for:

  • New research in medicines, medical developments,
  • Scientific research
  • Development of technology,
  • Renewable energy
  • Agricultural-based companies

  • State and local level grants are offered for

  • Helping the state and local economies grow and thrive so
  • Attracting high tech industry,
  • Businesses willing to creating jobs in depressed areas,
  • Repurpose old buildings to revitalize areas,

  • State and local programs have more small business grants available that can help entrepreneurs with business funding as opposed to the federal government. Entrepreneurs also have to keep in mind that government grants are very precise in what they are willing to fund and the distributed grant funds usually have stipulations as to what businesses can apply for the grant along with how the money is allowed to be used once rewarded.

    Large established corporations and private foundations are also a great place to find business funding assistance for startups but also to select entrepreneurs in in the phase of business developing. Grants of this type are usually awarded on a yearly basis and use an online application process with a specific deadline. The application process varies per grant but normally the larger the amount being awarded the lengthier and more detailed orientated the application.

    The organization will have a panel of judges to review all applicants’ submissions and they decided which companies get the grant award. The grant money awarded must be used in accordance with the business grants specific stipulations and restrictions. A large portion of these corporation and foundation grants are geared to small business and especially try to help specific groups such as minority, women or veteran entrepreneurs starting, developing or expanding a business.