Small business grants are funds provided by governments, organizations, or private entities to support the growth and development of small businesses. Unlike loans, these grants do not need to be repaid, making them an attractive option for entrepreneurs. They can be used for various purposes, such as purchasing equipment, hiring staff, or expanding operations. To qualify for small business grants, applicants typically need to meet specific criteria, which may include being a registered business, demonstrating a viable business plan, and showing potential for job creation or community impact. Various programs exist, including those offered by the Small Business Administration and local economic development agencies.