Another way to help get your startup up off the ground (financially speaking) is through small business grants. These grants are an excellent source of government funding because they are essentially free money- no repayment, no interest rates, and no required credit scores. However, if free money seems a bit too good to be true to you, you are right. Grants do come with a few drawbacks, but that does not make them negative.
- They are hard to locate for a variety of reasons
- They are hyper-specific in the range of criteria that your business must meet in order to qualify for them
Aside from these two aspects, business grants are definitely worth seeking out if you believe your small business would fit the terms.
