Small business grants and loans can be obtained through the government or local banks. Loans and grants will generally require a business plan and information about the business. Understand business and loan documents with help from a financial consultant in this free video on business financing.

Expert: William Rae
Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years.
Filmmaker: Christopher Rokosz
Video Rating: / 5

“Does the federal government really award money to people running small businesses?”

Federal grants are designed to benefit the public by funding pre-approved programs and projects. So for a commercial business to be eligible for a grant, it would need to align with a specific public program or project defined by Congress.

The Small Business Administration (SBA), an authority on this topic, states, “The government (federal or state) does not provide grants for any of the following activities: starting a business, paying off debt, or covering operational expenses.”

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