How Do You Get Grants From the Government for a Small Business?


Quick Answer

Applying for federal grants follows a similar procedure, which involves downloading an application package, filling out the application, submitting it and then tracking its progress. It is important to note that the federal government does not provide grants for the purpose of starting a small business, paying off a debt or covering operational expenses. However, businesses that are involved in scientific research and development or cutting-edge technology may be eligible for small business grants, notes the United States Small Business Administration (SBA).

Continue Reading
Related Videos

Full Answer

Those in need of capital to start a business are better off applying for a small business loan or a line of credit instead, as noted in an article on the SBA website. Community banks and credit unions are a good place to seek loans to start a small business. For businesses that are involved with tech development or scientific research, the following shows how to apply for a federal grant.

  1. Download an application package
  2. Go to the Grants.gov website, search for the most suitable grant and then download an application package.

  3. Fill out the application package
  4. Completely fill out the application package and compose the proposal well. Make sure that the proposal is with goals of the grantwriter.

  5. Submit the application package
  6. After double-checking the proposal and application package for errors, click on the Save & Submit button on the application page.

  7. Track its progress
  8. Applicants can track the progress of the application through the Grants.gov website.

Learn more about Business Resources

Related Questions