Government assistance for small business can take many forms, most commonly free or low cost advisory services, information, and guidance.

Assistance is rarely by way of cash grants or loans to enable individuals to start or buy a business, or to help existing businesses overcome a shortage of funds.

Usually this kind of funding has to be obtained from banks and other conventional lending institutions, or through private means or investors. We can help you identify ways to finance your business and to better understand how to present a case for finance.

There is a range of federal, state and local government financial assistance initiatives available for various small business related activities and access is usually subject to meeting specific eligibility criteria.

How to apply for assistance

Generally, the organisation providing the assistance calls for expressions of interest through advertising in newspapers, journals or their website. They usually have well defined eligibility criteria and often there is an application form that is available on request. It is often advisable to seek professional help in the preparation of the application, particularly if you have no previous experience in applying for financial assistance.

Advice and assistance

Your accountant or financial adviser is probably the best person to talk to. Alternatively, you can seek help from us, or your local Small Business Centre (SBC). Even though they may not be the funding agency, the SBDC or your local SBC can help you with enquiries about government assistance.

What's next...

• Work on your business plan
• Is your business eligible for government assistance or a grant?