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Tuesday, 10 June 2008 |
By Amit Kheterpal
 Grants as explained in a lay mans language is a free gift of money, goods or services. The grants for small businesses are never to be paid back and they are tax free. This is precisely the reason for grants being so competitive and almost everyone who goes the entrepreneurial route will try to get grant as this gives him that much needed capital to take the business a few notches above the crowd.
Guess how much grant money is given each year to the small businesses. The number is in the hundreds of billions of dollars. The reason for giving these grants is simple, to stimulate the economy, help the communities which are traditionally not so socially uplifted, and help women who want to be independent and also help war veterans who are looking for their new role in the society.
There are various sources of these grants namely, foundations,government and corporate houses. The grant amounts can range from hundreds of dollars to thousands to hundreds of thousands of dollars, based on the type of project being funded and who is funding the project.
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Last Updated ( Tuesday, 10 June 2008 )
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