Small Business Grants and Funding Options
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Questions and Answers

What is the primary goal of the US Small Business Administration?

  • To provide support for small businesses
  • To strengthen the nation’s economy (correct)
  • To provide grant programs for small businesses
  • To provide mentorship for small businesses
  • What is the difference between crowdfunding and equity crowdfunding?

  • Crowdfunding involves collecting money from ordinary people while equity crowdfunding involves collecting money from capital investors
  • Equity crowdfunding involves collecting money from ordinary people while crowdfunding involves collecting money from capital investors
  • Crowdfunding involves exchanging equity for money while equity crowdfunding involves collecting money from ordinary people (correct)
  • Equity crowdfunding involves exchanging equity for money while crowdfunding involves collecting money from ordinary people
  • How can capital investors help small businesses?

  • By providing mentorship
  • By providing a financial infusion (correct)
  • By providing grant programs
  • By providing innovative technologies
  • What do grant issuers expect in return for their investment?

    <p>A business that aligns with their mission</p> Signup and view all the answers

    What are organizations that provide small business grants looking for in a business?

    <p>A business that is innovative and forward thinking</p> Signup and view all the answers

    Study Notes

    • Small business grants are offered by many organizations, with different missions and values.

    • Grant-issuers want to feel confident that your business idea contributes to their organization’s mission.

    • Small business grants are not loans, so lenders aren’t expecting to be paid back.

    • Grant issuers still expect a return on their investment, just not a monetary one.

    • Organizations that provide small business grants want to feel confident that your business model helps contribute to achieving their mission.

    • Make sure your business aligns with the organization’s mission, and know what you’ll be spending.

    • Small business grants are typically given to businesses that the organization sees as innovative, forward thinking, and on a path to growth.

    • The US Small Business Administration (SBA) is a federal government agency that provides support for small businesses with the goal of strengthening the nation’s economy.

    • Apart from the SBA, there are a number of other federal agencies offering grant programs for small businesses in the US.

    • Crowdfunding for small businesses involves collecting small sums of money from ordinary people that believe in the potential of your own business.

    • Equity crowdfunding for small businesses is similar, but a little different from ordinary crowdfunding. With equity crowdfunding, everyday people commit smaller sums of money to your business in exchange for equity.

    • Capital investors for small businesses are people or organizations that can provide you with a financial infusion to help you grow your business.

    • Capital investors can provide you with large sums of money in a relatively short amount of time.

    • They can also provide valuable mentorship as you work to grow your own business.

    • Small business grant programs can make a world of difference for a new small business owner.

    • If your business has the potential to innovate your industry and build new technologies to serve the public good, chances are you’re a great candidate for a small business grant.

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    Description

    Explore the world of small business grants, federal agency support, crowdfunding, and capital investment options for entrepreneurs. Understand how to align your business model with the mission of grant-issuing organizations and learn about different funding avenues available for small businesses.

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