What are Business Grants and how do they work?
“You have to spend money to earn money,” as the old saying goes.
There are a lot of upfront expenditures to handle before you can get your company off the ground, or even before you can start a new concept or growth. Your company needs capital.
Small business grants may provide businesses the boost they need to continue ahead with less worry.
What are business grants, exactly? A business grant is money given to a company that is in need. Grants, unlike loans, do not need repayment. The money isn’t borrowed in any way.
There is no financial incentive. Businesses are given grants with no obligation of repayment.