Grant Assist is a private company located in Canberra. The organization provides grants to startups, non-profit organizations, and small businesses throughout Australia. Research shows that 80% of new entrepreneurs fail due to funding issues. Grant Assist seeks to solve this problem for Australians by helping entrepreneurs raise the required capital to grow their businesses. This article will shed some light on the importance of grants and how to secure them.
Are business grants significant?
As mentioned earlier, 80% of new entrepreneurs fail within the first and a half years of business. Business grants not only ease the process of raising the capital they also save you time and energy. You get ample time to focus on the essential thing, which is expanding your business.
Grants can be offered in the form of incentives or money. Unlike loans, grants do not require paying back. As an upcoming entrepreneur, it is essential to take advantage of any available support program. To maximize the funding opportunities, you need to know how grants work and how to get funding.
How to Get Funding from Grant Assist
Before applying for a grant, keep in mind that they are highly competitive, and to receive them, one must meet all the eligibility requirements. Factors such as the industry you are in, your business’ size, and its location determine whether you qualify for a grant or not.
Grant Assist starts by reviewing the applicant’s details to determine whether they meet the eligibility requirement or not. The applicant must be an Australian citizen and must be above 18 years of age. He or she must also have a startup or a small business. A bankrupt individual is not eligible for a business grant.
The applicant must provide their area of operation since most grants are distributed based on location. For better chances of securing funding, your business must have the potential of growing the Australian economy by creating jobs.
If your small business or startup struggles due to a lack of finances, don’t let the company fail. Grant Assist has availed the right resources to help your business get back on its feet. They will not only offer you capital but also direct you to valuable opportunities.