Aug 01, 2013 BUSINESS- The Advantage of Getting a Government Grants or a Loan
Provides financing to help reach goals you would otherwise be incapable of reaching or would need to delay.
Provides funding under terms that consider you to be an asset to the economy rather than a customer to make money from.
Government programs are often accompanies by other benefits, such as mentors
Consider entrepreneurship to be an asset rather than a risk, as is the case with banks
Some are designed specifically to help the unemployed become self-employed, whereas private funding sources represent more debt
Encourage, incentivise, and reward economic and socially responsible business behaviours, such as innovation, and green policies and operations
Are responsible for directly and indirectly creating jobs
Offer a much wider range of options and purposes than do private funding sources, including secondary benefits that may be attached to their terms (e.g., providing student consultants with job experience)
Provide indirect and direct benefits to the community wherein the recipient business is located
Many programs have upper limits for the amount of money they are willing to provide that go well beyond what any bank would offer a typical entrepreneur