15 Minute Manifestation 

Small business is categorized by its small capital, productivity, manpower and profit. Some of the business start ups are self financed. But most of them are financed by borrowing of money. In order to prevent higher down payment of interest to banks, the Government of many countries provide the small business grant. The business grant helps the entrepreneur to receive the principle amount without having to worry about the future repayment of it.

The business grants help in boosting the growth of small firms since the financial aid received from is a stable and reliable source. Small company grants are mostly obtained from the national Government or from the state or local authorities. Some industrial organizations or established corporations also provide such grants but are not always desirable.

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Small business grants provide limited funding. The funding is targeted in specific areas. The main area is principal amount where capital investment is very low or unavailable. Small company grants are also provided for business related to farming, fishery or husbandry. The grant is targeted towards funding for hiring of manpower or for purchasing of new machinery and other equipments. If a separate building is required then the small business grant is directed towards purchasing of the land and constructing of the required structure. For more established businesses, the small business grants provide financing for research and development and improvement of technology. Furthermore, small business grants are provided for businesses with foreign exports to enhance international trade.