Are there grants for startups?

Yes, there are a multitude of grants available for startups. However, despite what you may read online, startup grants are typically only available through private organizations and not the government. Government grants typically only allow applications from existing businesses. 

What are the approximate grant amounts for startups?

Grants range in an extremely wide variety of amounts. Some may be $100, while others can top $500,000. 

How long does it take to get funding for a startup?

The length of time it takes to get funding depends on the source of the funds. For example, SBA loans can take months for approval and funding, while a business loan from a reputable online lender could mean the money is available the next business day after approval. Grants may take days, months, or possibly over a year, depending on the type of grant it is.

About the Author

 Sara Coleman

Sara Coleman

Freelance Financial Writer

Freelance writer with several years of experience covering personal finance topics such as insurance, loans, credit cards, budgeting and more.

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