Free Money Grants vs. Small Business Loans:  Which is Better?

Being a small business owner is not the easiest way to earn a living, but it can be gratifying! Both new and established businesses go through transitions of growth and difficulty.

You can look at various options for funding that will provide the money you need to continue and improve your business.

A grant is money provided to a business, individuals, educational institutions, or non-profits. 

What Are Free Money Grants?

A new change that has come to light is that there are now specified options for women and minorities.

How Did Free Money Grants Become An Option To Provide Funding?

A business loan is funding provided for business owners who qualify for the terms the lender requires. 

What Is A Business Loan?

What Options Are There For Business Loans?

There are a variety of options when choosing a loan. Some of the options include:

Traditional Bank Loans

The most common and difficult to qualify for is a traditional bank loan. Their qualifications may change depending on the current economic situation.

The Small Business Administration is the government agency that financially backs business loans offered to business owners by lenders and banks. 

SBA Loans