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Asset Based Loan

Grants: Only for Non Profit Companies

Recently, some regular for profit companies have inquired how they can get free loan grants.    In general, Grants are not for profit companies, unless they fall into certain limited specific categories which sometimes change. For excellent alternatives to Grants, click below.

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The public often believes that grants are available from the Government and do not have to be paid back.   Grants are given mostly to non profit businesses.  There are some exceptions that change over time.  States may issue grants business in certain industries.  For example, certain technical or scientific industries that government wants help from private industry in.

They sometimes states will issue Grants to certain businesses in the farming sector as States wish to promote the continued health of farming in their States.   There are also instances in which certain minority owned businesses may be provided Grants.   In general, For profit businesses do not receive Grants.   Federal and State governments do not wish to provide money from revenues to businesses that are engaged in for profit endeavors.

Many new businesses that need a start up business loan look for help. They contact companies who advertise they can get grants for private companies.  Many of these advertisements do not say that grants are mostly for non profit businesses.    There are also many companies that advertise books as well as online books that are sold on how to obtain Grants.   These fall into the same category in that these books are being sold on how to get something that in the vast majority of cases, does not exist.