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What you need to know about small business grants. SBA does not provide grants for starting and expanding a business. SBA provides grants to nonprofit, Resource Partners, and educational organizations that support entrepreneurship through counseling and training programs. SBA only communicates from email addresses ending in @sba.gov.
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Corporate Business Grants. One of the best sources of small business grants is from corporations looking to give back to the community. These often have less competition than other grants because they aren’t listed on popular grant sites like Grants.gov.
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Grants are free money for all intents and purposes. Even a low-interest loan, however, comes at a cost. Depending on the type of business financing, you could face APRs anywhere from 5% to 150%, depending on your personal and business credit scores, cash flow, years in business, collateral, and other factors.
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The grants and loans under the Michigan Small Business Relief Program will support businesses facing drastic reductions in cash flow and the continued support of their workforce and may be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course ...
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The grants for pandemic-afflicted businesses — to be funded with federal discretionary pandemic aid — and the tax cut were welcomed by groups representing small businesses. Grants to qualifying businesses will be tied to what they paid in 2020 for property taxes or rent, unemployment insurance taxes and liquor fees, inspection fees and ...
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The state of Michigan will be providing training grants to more than 1,000 Michigan businesses such as Henry Ford Hospital, Wheelhouse Detroit, and MONARCH Welding & Engineering.
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