How to get government grants and loans

Government small business loans help put your own business within reach. First there’s the quest for a decent location, then comes building a customer base, followed by all the initial hiccups of generating a cash flow before your business grows roots and gains momentum. The beginning of a business is crucial because it’s when you gain or lose market credibility. If you disappoint your customers, they may not give you a second chance. If your business gets off to a rocky start (most do), and you believe you can recover but need further financing to make this happen, you can apply for government small business loans.

Why Government Loans?

For-profit lenders are reluctant to issue loans to anyone who does not have a strong credit report and financial history. That is not the case with government small business loans. Obviously, a decent credit report is important, and you will have to follow the guidelines regarding the repayment period and the interest rate set by the government, but usually the interest rates charged by government loans are lower than those you could expect in the private sector.

the amount of the loan that does not have to be repaid may decrease if the borrower reduces the number of employees or cuts his salary by more than 25%.
PPP loans are only available through SBA approved lenders. 

Businesses that meet the SBA definition of “small business” can borrow up to 2.5 times their business average monthly payroll cost up to $ 10 million.
If the company maintains its employees, you will not have to pay back the amount of money you spend on the following expenses (and possibly others that are not included) during the 24 weeks after the loan is granted.