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