Organizations like federal, state, and also private companies offer small businesses grants commonly referred to as Small Business Grants. In the article, you can find out how to apply for grants online. Grants are considered as loan offers to small businesses to help set up their business. Therefore, small business grants are loans or grants offered by an agency that includes either federal, state, or private companies to improve your business.
With small business grants, you can receive money to start up a new business or invest in your existing business. there are various purposes in which you can receive grants which include coronavirus small business grants, federal small business grants, state and regional grants. Here is the following info concerning the various small business grants.
Coronavirus small business grant
Due to the outbreak of the deadly coronavirus, a lot of businesses was shut down. Businesses were closed whereby activities were no longer in place. However, the U.S Small Business Administration then introduce the new coronavirus small-business grant program which is said to be among the various service of the U.S Small Business Administration program under Economic Aid to Har-Hit Small Business. People are entitled to the following small-business grants that includes
SVO (Shuttered Venue Operators Grant)
The SVO grant program offers small businesses with over $15 billion to an area of business that includes live performing arts institutions, movie theater operators, and more.
Target Economic Injury Disaster Loan Advance
SBA also offers Target EIDL Advances for small business grants which are approximately up to $10,000. Businesses that can apply for Target EIDL Advances are small businesses that are in low-income communities in which the coronavirus crisis affected their revenue sales.
Restaurant Revitalization Fund
Also, restaurants and other food establishments that were affected due to the pandemic which resulted in a low revenue can access up to $10 million.
Federal small business grants
The federal government is one of the biggest lenders of small business grants. The federal small business grants supported a wide range of small businesses and enterprises. Application for grants can be intimidating, but it serves as one of the best ways for small business owners to improve their business structure.
Grants.gov is one of the government programs that offer you small business grants. it’s controlled by a wide range of government agencies that include the U.S Department of Education and the Department of Veterans Affairs.
SBIR and STTR
SBIR fully known as Small Business Innovation Research and STTR Small Business Technology Transfer is a grant program focused on funding research and development for technology innovation and scientific research.
On USA.gov you might be able to see any federal small business grant but the USA.gov website offers you basic ideas and resources you need to start or grow your business.
In addition, other types of grants include state and regional small business grants, corporate small business grants, and specialty small business grants.