Grants for Small Business
Annually, over $30 Billion are given away through grants with the recipients never having to repay the funds! These free monies may be used by the applicant for a variety of purposes and typically range from $5,000 to $250,000 per award.
Grants are not loans: Grants are free money given away by the government to individuals and small businesses without them ever having to repay the money back! Essentially, grants are free money. These monies are appropriated (set-aside) annually by the U.S. Congress in an effort to expand the economy, educate the citizenry, and provide the necessary financial assistance to grow your small business. Therefore, Texas SBASM has made the government grants process quick and easy. Within minutes your dedicated Texas SBASM contracting and grants specialist can have you registered and receiving notification(s) as to what grants are available for you and your organization. Should you need any assistance in applying for your grant, your dedicated Texas SBASM contracting and grant specialist is available.
Small business grants are perfect for companies that do not want additional loans, additional credit cards, home equity loans, or suffer from bad credit histories. Grants provide the financial freedom needed to grow your small business without you ever having to repay the money back!
Reasons for Grant Awards:
- To Start a Business
- To Expand your Current Business
- To Purchase Equipment
- For Research & Development
- To Train Employees
- To Encourage Rural Business Development
Small business grants are perfect for entrepreneurs who do not want additional loans, mortgages, or have bad credit histories. Winners of past grant awards have used their winnings to expand marketing efforts; build new store locations; pay-off tax liabilities; and save as cash-in-hand. In essence, grants provide the financial freedom needed to grow small business without placing monthly debt obligations upon the business owner.