Frequently Asked Questions

Please read carefully through these questions before trying to contact us, you may find your question has already been answered in the FAQ below.

Every grant program has a different application process. Many can seem overwhelming and complicated to the first time applicant. As we receive questions that we believe are of interest to a wide variety of our customers we will post them here.

What is a grant?
A grant is a sum of money given to you or your business which does not have to be repaid. Most grants are conditional, meaning that the funds need to be used for the purpose that they were given. Many times this purpose is broadly defined. Grants can be used to purchase equipment, real estate, to advertise or to conduct a marketing/feasibility study as well as many other purposes.

How long will it take for me to receive assistance from the government?
Assistance can arrive in a few weeks to a year. Remember, that some programs have application deadlines, so if you miss it, you’ll have to wait until the following year to apply. The delay depends on the program(s) that you apply for. The sooner you apply, the sooner you can be accepted and start to receive funding! 
 
How many grants can I apply for? 
There is no limit to the number of grants that you can apply for. You should apply to as many programs as possible. This way you will maximize your chances of being accepted by at least one program, and possibly more. We may help you decide which programs you are most qualified for. 
 
How much does it cost to apply? Is there a credit requirement? 
Applying for grants is free! We encourage applying as often and to as many programs as possible. Your credit worthiness is not an issue for many programs. In fact many programs exist specifically for those with little to no credit. Government funding is often an alternative to conventional financing. You can even have bad credit or a bankruptcy and still be eligible for many programs.  
 
How old do I have to be to apply for a grant? 
You are never too old to apply for a grant. Some programs require a minimum or maximum age, but most programs are administered on the basis of other criteria. All of our resources clearly indicate that age is not a factor.
 
Will my business category and location qualify for government funding?
There are literally thousands of different government funding opportunities including grants, loans, loan guarantees, and more. Our tools and resources are all organized by region and business category, to ensure that you will quickly and accurately find the information you require.

Is there a guarantee that I will receive funding?
Funding can only be given to businesses that apply for it. There is NO Guarantee you will receive funding, however our team of experts will determine the best available organizations or programs that are right for you or your business. We will work with you to help you get results!

Is it true that the government no longer gives out grants to small businesses?
Every year the government removes programs, and adds new ones. It’s important that you apply as soon as possible to ensure that you will receive funding. We can help you apply for programs on an annual basis. You may qualify for a program this year, and a new program next year, and so on.

Is it true that grants are only available for large companies?
Many large companies receive grants, but this is simply because they are aware of the programs available. Even if your company only has only one employee, you can still qualify! We provide you with the same information that big companies have. Level the playing field, and get the funding you’re entitled to!

Who gives out grants? 
Many agencies operate grant programs, including the Federal, Provincial, and Municipal governments. There are also private foundations, individual philanthropists, millionaire angels and financial institutions that offer various programs that you or your business can apply to. 
 
Who can apply? 
Young or Old, Sick or Healthy, All nationalities or races, religious or not there are no prejudices to who or whom may participate or qualify. There are programs available for United States of America citizens, companies, and not for profit groups. There are even some programs for people who aren’t citizens or even residents of the USA. Basically anyone can apply to many programs.
 
Who will want to see my company books if I apply? / Do I risk being audited? 
There is no risk of this if you use the funds for the purpose they were allocated for. Make sure that you keep all the receipts and paperwork indicating this. The government may request for copies of these documents. Bankruptcy or little or no credit is ok.
 
What is the best way to get approved for a grant? 
The best way to get approved for a grant is to apply to as many of the programs as possible. We may show which programs you may qualify for and help get you started on your road to success!

Why would the government or other grant providers just “give” money away?
The government has always helped businesses. The government wants businesses to grow, hire people, and contribute to the growth of the economy. The more successful businesses are, the more successful the economy is. Billions of dollars are spent each year to support this in the form of grants, loans and many other programs. The government wants your business to succeed! Other grant providers have other reasons for giving grants or helping people.

Why would I need your help, couldn’t I do this on my own, or hire a consultant?
We believe that the time involved in researching the hundreds of programs, and compiling the information will take more time and resources than many individuals or business people have available. Of course you could hire a financial consultant who could help you, but you must be prepared to spend thousands of dollars in fees without guarantee of success. Our program provides the information you need to do this on your own and achieve your goals.

What is a government loan and how does it differ from a conventional loan?
A government loan must be repaid just like any other loan. These loans are often given to individuals and businesses that would not qualify for a loan through a conventional financial institution. Government loans often have very low interest rates, or a period of time during which no interest is calculated. These loans often offer repayment terms over a long period of time. The government sometimes provides loans directly, and sometimes provides a loan guarantee to a conventional financial institution. Both types of loans can offer the same beneficial terms.

What is a tax refund or tax credit?
Tax refunds and tax credits provide funding for your businesses start-up and expansion by deducting certain expenses from your tax bill. Your business may apply for tax refunds for funds already spent, or receive tax credits on future projects. These tax breaks can increase your businesses cash flow allowing faster development then would otherwise be possible.

What is insurance against business risk?
The government can provide insurance for your company to cover risk associated with a specific goal or project. The premiums are usually low or negligible. If your company is unable to pay a loan that was linked to this insurance, your payments will be covered. This guarantee may allow you to borrow money that you otherwise would not qualify for.

What is a guaranteed government purchase of your product or service?
The government can guarantee to purchase your companies products or services. These types of programs create a certain fixed demand for your company’s products or services. These programs allow your company to focus on growth and efficiency, rather than marketing.

What are government information and services programs?
The government provides various programs, consulting and information services for small businesses at little or no cost. There is a large range of services available to new and existing businesses.

What is a conditionally repayable contribution?
A conditionally repayable contribution is an investment by the government in a business project, which do not have to be repaid if the project fails. These programs allow you to try new programs with much less personal risk. Essentially the government functions similarly to a venture capitalist.

What is equity financing?
Equity financing is a government investment in your business. The government will offer more flexible terms than private investors, or banks, as they have more time to realize their returns.

What type credit do I need?
You can have a Bankruptcy yesterday and receive a grant tomorrow. There are no credit checks, no collateral required and no co-signers! These are Grants which mean they never have to be paid back!

What is the limit on the number of Grants I can apply for?
You may apply for as many Grants as you like under as many different categories as you like!

I have a great business idea. How much can I get?
Between $500.00 and $5,000,000.00. Every agency has its limits. Remember you can apply to as many agencies as you want!

Will you help me write my grant proposal?
We do not write grants