Question

Should the government provide grants for entrepreneurs starting new businesses? Should the government guarantee loans for small businesses that are missing the necessary track record, assets, or other ingredients to obtain a commercial bank loan? What benefits do we, as a nation of taxpayers, receive from such grants and loan guarantees? PLEASE DO COPY FROM ANOTHER ANSWER

Answer 1

The government should provide grants for entrepreneurs for new venture. Such new business venture provides support for growth of economy of country. Such government grants are very useful for establishment of new business in many ways: fulfill need of capital, fund for expansion of business, development of new technology and many more.

The federal Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA) are providing fund for few qualifying businesses in the country. The grant creates environment to promote the business and economy. The Several loan programs are available to startups and growing businesses. Such grant is very useful for the businesses without track record, as no bank will lend to such businesses.

11 agencies are responsible to provide grant , mainly in the field of R&D which may create a good innovative products for public.