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Questions and StoriesCategory: Questions🏦 Where and How to Get Business Grants?
Ahmad Khasan asked 2 months ago

🏦 Where and How to Get Business Grants?

Business grant is one of the best methods to get funding for your business. The benefit of business grant is that it is a non-binding financial aid. It means that you have no responsibility to repay the money, unlike a business loan. However, unlike a business loan, it is harder to get a business grant.

Do you know the best place to get a business grant? Both offline and online. Then, how to get the business grant from each of these sources?

Taufik Utomo replied 2 months ago

It is really interesting but what would be the trade-off if there is no responsibility to repay the money?

Eli Davis Keinamura replied 2 months ago

I said, big business men and women ,can get grants from big organisations like African Development Bank,if the project is expected to create 1000 jobs ,they will fund for purposes of reducing poverty in certain countries.

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16 Answers
Jackson Mugarura answered 2 months ago

Business grants are really hard to come by, but online if search you can find some and apply for some. If luck falls on you, and it’s possible you can get.

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Leno Jean Pierre answered 2 months ago

Not easy to get it.you can try to get it offline trough out the person you know well,closer friends and family members ,by exposing your good projects i think those who wants you to succeed will help you.

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Ahmad Khasan answered 2 months ago

Jackson — Is there any online platform for grant seekers?
 
Leno — Indeed, it is the easiest way. Have you done it yourself?

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Gareth White answered 2 months ago

Here in the UK there are a few different places to obtain business grants. You have to put forward a detailed business plan to show what you are going to do with the money. The grants vary from £500 to £100000.

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Leno Jean Pierre answered 2 months ago

Mr Ahmad, I have never tried it, it tough it is not easy to get it.How can we do it online ? In my country i think it\’s not easy at all, it takes a long process and only banks can do for some specific person.

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Ahmad Khasan answered 2 months ago

Gareth — Who provide the grants? Is it only for a local business, or is there also grants for international applicants?

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Eli Davis Keinamura answered 2 months ago

Business grants are very difficult to obtain and very competitive . However,if you are  a big business man and woman and with good project proposals,the following institutions can help you Africa Development Bank, World Bank ,UNDP United Nations Development Programme.

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Gareth White answered 2 months ago

Hi Ahmad, it is for UK based companies. I have heard of a few private initiatives based in the UK that offer grants to international businesses. I will try and get some details for everyone in case they are of use.

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Ahmad Khasan answered 2 months ago

Eli — Thank you for the suggestions. I have applied project proposals to one of the institutions that you have suggested, but it seems that I have not lucky enough yet. However, that was not a business proposal. 
 
Gareth — Thank you. I appreciate your help, Gareth. It will be a piece of great information for me and all members here.

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Leno Jean Pierre answered 3 weeks ago

Yes Mr Eli what you said is true, it is not easy to get a bussiness Grant in Africa, in my country, there are some institutions that offer such help, but you need a significant project, realistic and achievable to obtain the money from them.

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Jackson Mugarura answered 3 weeks ago

Yes, it’s definitely not easy in my country Uganda, but I can say about other countries because I don’t know how systems work in those countries.

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Leno Jean Pierre answered 3 weeks ago

It’s the same in my country Gunnea Conakry, there are many institutions that can offer bussiness Grant, but it takes a long process and sometimes people are selected by friendship, relationship.

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Kenneth Ogbonnaya answered 3 weeks ago

Business grant is very hard to be granted, but there some companies that grant business individuals

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Kenneth Ogbonnaya answered 2 weeks ago

You can actually get it, but is difficult to obtain

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Steinar Kloverod answered 2 weeks ago

In Norway it is possible to get a business grant from state governmential organizations and from the county if you have a good business idea and want to establish a business for the first time.

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Leno Jean Pierre answered 2 weeks ago

You can applying for it in some Banks but to get it requires credibility and solvability to get it.

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