Consider applying for small business loans, only after your grants application has been rejected. Receiving free money provided by the federal government in a form of grant assistance can greatly improve your business' financial position. Especially at the starting stage when resources are short, and every dollar has to be counted and spent wisely.
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I don't care much for small business loans, even if they offer a preferential interest rate, and no application fees.
Why not apply for the fed. goc. small business grant?
Free money, you'll never have to repay!