Debt financing means to borrow funds or to rearrange for investments from external sources. Grant finance however solely covers part of the cost involved in your small business venture but the money that’s given to you does not should be paid back. Grants are given to companies to assist with particular elements of enterprise improvement and they’re accessible from a wide range of sources such as the Authorities, European Union and regional growth agencies. These enterprise grants are only given to businesses for a specific purpose and there are a variety of factors which will affect whether you’ll be able to achieve a grant corresponding to your business activity or your particular enterprise industry sector, some are also linked to certain geographical areas, which are in want of financial regeneration.
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