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There are also strict terms and conditions that apply to all grants. There can be many public and private organizations and institutions that can help you in this quest. Alternatively, you can also contact small business institutions such as the small business association (sba). The application process can seem daunting to say the least. That is the reason why a government small business grant is often described as “free money”. Where you borrow money as loans, it becomes a legal obligation for you to repay the same at a certain rate of interest within a set period of time. Another big difference is that where loans can be easy to obtain, government business grants can be much, much more difficult to qualify for and acquire. Grants are also available for clearing off debts incurred due to specific reasons like health care, education, business expenses etc. There are many facets involving a government small business grant. Government grants are almost always awarded for a specific purpose or project. In our modern society time is something most people do not have, and in most cases, it is due to the fact that they do not plan ahead. These conditions include basic factors, such as the targeted sector and the nature of your business. These grants may not necessarily be offered by a government department alone. The key is knowing who to contact and what process to complete. There are strict conditions and criteria that you will need to fulfill in order to qualify for federal government grants.