During Week 5 of this course, you explored the qualifications for procuring an SBA government loan (or equivalent processes) to fund a new venture.

During Week 5 of this course, you explored the qualifications for procuring an SBA government loan (or equivalent processes) to fund a new venture. Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs also fund new ventures through government grants in the United States. For your Discussion this week, use your resources for this week and information that you find on the Internet.

• How do the qualifications for receiving a government grant differ from those necessary for a government loan?
• What would be the advantages and disadvantages of the grant when compared to an SBA loan?
• What information did you locate on private grants available for those starting small businesses?
• If the venture were outside the United States, would there be an equivalent option? Would there be differences in the qualifications and/or processes?