Grants are a helpful way to raise capital for specific projects. The money does not have to be paid back, but receiving a grant is often competitive and many stipulations must be followed once the grant is awarded. Do your research before applying to make sure you qualify and can meet the necessary requirements.
Organizations that typically offer grants include various levels of government, (please note that the City of San Mateo does not offer grants to businesses), non-profit agencies, philanthropic foundations and other organizations.
Businesses interested in applying for a grant will have to submit an application and go through a competitive process before the grant is awarded. If awarded the recipient may have to raise matching funds and will have to follow reporting requirements. SBA’s Grant Search Tool will help you identify grants for your business or project.