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What Can Business Grants Be Used For?

We live in an unpredictable economy and the need for economic development has never been greater. If you are thinking about starting your own business expanding an existing business you should examine all opportunities to receive free grant money. The U.S. Government understands that small businesses are vital to our economy and offers many grants and low interest loan programs to stimulate a small business. Business grants are specifically targeted for future business owners, new business owners and those with existing businesses that are expanding.

\n\nIf you have a special ability, live in an area that needs a certain product or service, or have a product or service that caters to a specific clientele, there is probably a grant waiting for you somewhere. In most cases, there is money available for virtually any conceivable idea you may have! You may be able to obtain free money for your business to pay for equipment, rent, offices, expenses and even your own salary too. And the best part is that business grant money never has to be paid back.

Business grants offer financial help that can be applied to general business spending such as:

  • Startup expenses
  • Business expenses
  • Overhead expenses
  • Expansion expenses
  • Acquisition expenses
  • Salaries
  • Equipment financing
  • Rent
  • Employee training
  • Free business consultation
  • Legal expenses
  • Patent registration
  • Patent protection
  • New inventions
  • Infrastructure funding