Entrepreneurs and small business owners often ask us, “Can I get a government grant to support my enterprise?”
Perhaps they have an idea for a new business. Or maybe they are looking for funding to help grow their business.
Awhile back, we published a short video about this topic, but the Small Business Administration has a more in-depth online resource for folks looking to finance a small business.
The free, self-paced online course Financing Options for Small Businesses addresses many of the questions we hear from entrepreneurs and small business owners.
For example, people who take the free online course will learn:
- “SBA does not provide grants for starting and expanding a business.”
- “Government grants are funded by your tax dollars and therefore require very stringent compliance and reporting measures to ensure that the money is well spent.”
- “SBA has authority to make grants to nonprofit and educational organizations in many of its counseling and training programs but does not have authority to make grants to small businesses.”
- “Some business grants are available through state and local programs, nonprofit organizations, and other groups. For example, some states provide grants for expanding childcare centers, creating energy-efficient technology, and developing marketing campaigns for tourism. These grants are not necessarily free money and usually require the recipient to match funds or combine the grant with other forms of financing, such as a loan.”
Click here to begin the online course (30-45 minutes in length) or view a transcript.
SBA’s Office of Entrepreneurship Education has made the course easy to follow and included an index for quick reference and easy access.