Some aspects of government grants can be very
confusing. We've answered some of the most
frequently asked questions below.
Where do I find government grants?
Government grants are offered by all
agencies within the government at every level.
Therefore there are hundreds, if not thousands
of grant opportunities released every month.
The best way to find government grants that
benefit your business is to use a service that
seeks out and consolidates grant opportunities
on your behalf. This saves you countless hours
tracking down the various opportunities across
the various government agencies.
How much money can I get from government
grants?
Every agency is different, but depending on
the grant program you’re considering and the
agency that is offering the grant, you can
stand to receive anywhere from $500 to
$5,000,000.
Do government grants have to be repaid?
A grant is money earmarked by the
government to be used in a particular way. By
writing a grant, you’ll be telling the
government exactly what you plan to do with
the grant money. That purpose should be inline
with the criteria of the grant. Once approved,
so long as you meet the criteria of the grant,
you’ll not be expected to ever repay the
funds. In the vast majority of cases, these
criteria are broad and applicable across many
areas.
How long does it take to get money once
I’m awarded a grant?
Once awarded a grant, it might take as
little as a week to see a check or wire with
your grant money, but in other cases, the
funds will be awarded at a date arranged by
the agency.
Can I get more than one government grant
for my business?
You can apply for as many government grants
as you like in any number of agencies. There
is no limit on the number of grants you can
write for your business.
Will my credit affect anything when
applying for grants?
A government grant is completely separate
from a loan. Your personal or even business
credit can be terrible, yet you still can
qualify for any number of grants. Your credit
is simply not a factor when writing grants.
How do I apply for government grants?
To apply for government grants, you’ll need
to “write a grant” meaning you’ll need to
submit a formal letter called a grant
proposal. In this proposal, you’ll include
your ability and ways that you or your
business meet the criteria laid out by the
funding agency and give details about why your
business deserves to win the grant money.
There are many advanced software programs that
can help you in this process.
Will you write my grant application for
me?
No, you will be responsible for writing
your own grant proposal, however, our partners
do provide any number of resources designed to
make the grant writing process simpler and a
complete success. Don’t let this be a factor
in your decision to seek out grants – writing
the grant proposal is not as intimidating as
it seems.
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