Applying for a small business grant

Category: Business Finances

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Starting a new business can be rough in the beginning, especially if you need help financially. Many small business owners will take out business loans to get help their business take off, but just like any other loan, this is money that needs to be paid back. Because business revenue can be unpredictable and success is never guaranteed, paying back a business loan isn’t always easy. However, depending on the type of business you’re starting, you may be eligible to receive a small business grant. Unlike a loan, this is money that doesn’t need to be paid back. Here’s what you need to know about small business grants:

The basics

Small business grants are funded by tax money and can be offered through federal or state programs. Most of the time, they are not designed for brand new small businesses that don’t exist yet, but rather, small businesses that are already somewhat established.


Qualifying for a small business grant usually isn’t easy, and a business must meet very specific guidelines in order to be eligible for business grant money. Small business grants are usually intended for nonprofits that provide services that benefit the general public. Some examples of a business that might qualify for a small business grant include those that conduct medical research, benefit the environment, and so on.


Another small business grant program that is coordinated by the Small Business Administration is the SBIR (Small Business Innovation Research) program. This funding is offered to eligible businesses that operate within the development and research industry, and is used towards the development of advanced technology products that are relevant to their operations.

Free tools

Be cautious if you come across websites that advertise products that are meant to educate business owners about obtaining small business grants—there is no need to ever pay for this information. The Small Business Administration makes all information available on their website at no cost, in addition to free tools that can allow business owners to search for individual small business grants that they may want to apply for. is one good resource for learning more about small business grants, and also includes a free grant search tool.

Qualifying for a small business grant can be very difficult, and depending on the industry your business is in, maybe even impossible. Although small business loans can help fund your business, you may want to avoid borrowing money that can be difficult to pay back. However, if you’re receiving long-term payments from an annuity, you may have another way to receive the money you need for your small business.

Instead of receiving that money periodically, consider the benefits of selling some or all of your future annuity payments. You’ll receive your money sooner and in one lump sum, and like many of our other customers have done, you can use that lump sum of cash towards your business. Whether you already established a small business or you’re looking to start one, contact Peachtree Financial Solutions today to learn more about selling future annuity payments for a lump sum of cash.


Nothing above is meant to provide financial, tax, or legal advice. You should meet with appropriate professionals for such services.

Tags: business grants, business loans

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