Updated on: March 31, 2017
We’ve all seen the headlines: “Millions in free government money for your business.” Late-night infomercials and Internet advertisements promise grants to start or expand a business. Sound too good to be true? It is.
Whatever you’ve heard, federal, state and local governments do not provide grants for:
- Starting a business
- Paying off debt
- Covering operational expenses
In a nutshell, if you are seeking “free money” to launch or expand your business you are far better off focusing your efforts on developing a sound business plan that capitalizes on a viable market, a compelling product or service, and a passion for business.
If you want to satisfy your curiosity about available grant opportunities your small business may qualify for you have several options.
Click on a topic below to learn more.