A grant is government money that is conditionally given to a business. This free government funding is money which you do not have to repay. The grant can be used for any number of reasons whether it’s to purchase equipment, or for marketing or advertising. In addition to money, free government funding can also be in the form of a service for which you might ordinarily have to pay.
Naturally, you will need to apply for the free government funding. While no one can be guaranteed of the funding, each year literally millions of tax dollars are given to those who do apply.
You are encouraged to apply as many times as you can to more then one program at a time. By doing so this will improve your chances of being accepted to at least one of the free government funding programs available. There are many small businesses that apply to several different programs at once. In addition, if you are not able to qualify one year then you are encouraged to try again the following year.
Many of the free government funding programs have a set amount of funding allocated to them. Therefore, when you apply it may be possible that any of the programs will be complete for that year. In many of these cases you can apply again next year. It is important that if you do need to reapply that you check with the appropriate government office to make sure that all the facts and figures still apply before making your decision to send in your application for the free government funding.
While different kinds of free government funding programs are available, some are specific to certain industries. There are programs available that are specific to export, tourism, manufacturing, publishing, arts and culture, and fishing and agriculture to name a few. Many of the programs are literally for everyone and they apply to all business types.
Searching for all the possible sources of free government funding can be time consuming and most businesses are not equipped to undertake the task. Searching online may be the best avenue to take.
It is important to note that there is no size restriction with regards to the number of employees that you have. You could have as few as one and as many as a hundred or more to qualify for the free government funding program. Everyone can apply.
It is a common misconception that free government funding programs are new. The government has always helped small business but hasn’t always made the fact public. While some programs get cut, others take their place. There is presently hundreds of free government funding programs available to help the small business owner.