Small businesses can access free cash through grants – learn how to help your clients get access to funding in this two-part series.

Small businesses often struggle with funding, with loans being difficult to secure from large banks. However, grants offer free cash that doesn’t need to be repaid and can help businesses grow without worrying about repayment terms. To help clients get access to grants, it’s important to start with a Grant Readiness Assessment to determine whether they are ideal candidates for grants, such as businesses looking to expand or develop a real estate project, scaled non-profits, or certified minority-owned companies. There are several types of grants available to small businesses, including capital grants for tangible assets, project grants for specific projects, matching grants to encourage organizations to raise funds, and operational grants to cover the cost of overhead. Grant resources come from a range of sources, including the federal government, state government, corporations, local municipalities, and private foundations. Once you have identified grant opportunities, it’s essential to conduct a thorough review of each potential grant and its eligibility requirements to determine whether it would be a good fit for your client before submitting applications. For more information click the link!

https://www.cpapracticeadvisor.com/2023/04/27/helping-your-clients-get-access-to-grants-part-1/79092/