The U.S. Small Business Administration (SBA) is well known for its funding programs that guarantee a portion of loans that can launch and expand businesses.
What’s less well known is the SBA grants program, a far-reaching group of programs that also provide much-needed financial support to small businesses. Here’s a look at the who, what, and where of small business grants.
SBA grants provide funding for a range of business purposes, including technology, exporting, and management support. In addition, there are programs specifically designed for military veterans, microentrepreneurs, and women. Some of these programs are designed for for-profit businesses while others are geared for nonprofits and agencies, often as administrators to distribute funds to small businesses.
The Many Types of SBA Grants
Here’s a look at the most popular SBA grant programs:
Supplementing SBA Grants
SBA grants can help with some aspects of business funding but are unlikely to provide you with all the financing you need to launch or grow your business. That’s where the small business experts at Benetrends can help.
For more than three decades, Benetrends has helped thousands of small business owners with innovative funding strategies. Our Rollover as Business Startups (ROBS) program helps businesses gain access to funds quickly by leveraging existing 401(k) or IRA funds. Benetrends also offers an array of business support services, including SBA loan guidance, retirement fund management, legal services, credit card processing, and insurance.
At Benetrends, small business is our business. Let us help you navigate the complex world of small business funding and gain the funds you need for success. To learn more, download Innovative Funding Strategies For Entrepreneurs.
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