Guide: Fund Your Business | Option Eight

Government Grants

Receiving free money to start your business sounds great, right? Of course! But the truth is, this method of funding is almost non-existent unless you are a nonprofit.

BE VERY CAREFUL of advertisements that promote “free money for your business.”  These ads are misleading, and often suggest you can receive a list of grant resources by paying a fee to the advertiser. 

These lists typically contain a list of microloan programs that have funds you need to repay, or list grants available only for non-profit businesses.

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