Citizens of USA, especially budding entrepreneurs and women have now got a new found reason to rejoice. Anyone in a mind to set up a business for themselves, or planning for business expansion now do not have to burn the oil of midnight lamps worrying about the credit. It is a known fact now that every year the U.S. Government keeps aside $350 billion for people who want to do something different or aim to achieve financial independence by starting their own business. By far, the government grant is the single greatest source for free money. With tumbling stocks and stumbling economy there is high requirement for greater economic development on all fronts, and therefore, the State grants act as a saviour. It provides financial support to budding entrepreneurs to start their own business or to grow an existing one.
The Small Business Administration (SBA) offers business grants to novel and existing small businesses. Recipients of these grants can get up to $25,000 to start a new business. SBA