If you look at some of the wealthiest people in the world, you will notice that they began with some capital to get their ideas off the ground.
Fortunately, there are many ways to find free money to start a business. Some people invest in start-ups to help them grow, while others lean into securing small business grants.
What is a Small Business Grant?
In 1995, Jeff Bezos got his parents to invest around $250,000 to help him start Amazon. With that initial investment, Bezos realized his dream.
However, not all are fortunate to have angel investors, old money, or parents to invest in your brand-new business. For those of us that aren't, there are small business grants.
Federal Small Business Grants
If you want free money to start a business, you must do the work to get the grant money. Do not worry if the job seems a little bit daunting. Take advantage of the opportunities and apply for the grants.
State and Reginal Business Grants
The SBA has several agencies that help provide grant money to the state and local areas. After looking at the federal level for some grants, it is always good to check out specific state grants at the state or local.
Covid-19 Small Business Grants
The federal government and many other organizations came together to provide relief and opportunities to have free money to start a business.
Corporate Small Business Grants
Many corporations look to see how they can improve the communities around them. They are giving grants to help build up communities and small businesses globally.