Business Grants

A business grant is a financial award given to a business by a government agency, nonprofit organization, or other entity. These grants are typically awarded to businesses that meet certain criteria, such as operating in a specific industry or location, or pursuing a specific goal such as research and development or expanding into new markets. Continue Reading Below

Content Types

Related Topics

Encyclopedia Articles

Discover the definition of financial terms related to business grants.

What is a Forgivable Loan? Definition and Examples

Lacey Stark

Learn About Business Grants

Business Funding With No Monthly Payments: Options Beyond Traditional Loans

Andrew Latham

Does Whole Foods Take EBT Cards?

Alec Grabata

Small Business Grants: How to Get Free Money for Your Startup

Lindsay VanSomeren

Minority Small Business Grants

Allison Martin

Coronavirus (COVID-19) Financial Assistance Programs

Andrew Latham

About Business Grants

A business grant is a financial award given to a business by a government agency, nonprofit organization, or other entity. These grants are typically awarded to businesses that meet certain criteria, such as operating in a specific industry or location, or pursuing a specific goal such as research and development or expanding into new markets. Business grants can be used to fund a variety of business expenses, including salaries, equipment, and marketing. Unlike loans, business grants do not need to be repaid. However, businesses may need to provide regular progress reports and may be required to meet certain performance standards in order to continue receiving the grant.