Choosing between a business loan and a business grant
Finance & Funding
Key learnings
- A business loan is a sum of money given to a business that must be repaid – usually with interest.
- A business grant is a sum of money awarded to a business that does not usually have to be repaid but does need to be used to achieve a specific goal.
- It’s important that business owners understand the implications of loans and grants before seeking finance for their business.
It’s important that you know what business loans and grants are, and what each means for your business - so you can find the right finance you need to take your business further.
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