Who Can Apply for Government Funding

Government funding sources provide entrepreneurs and small business owners with the opportunity to secure financing to establish, or grow their operations. However, it is worth noting that this type of funding is not available to just about anyone. Applicants must satisfy the specific eligibility criteria.

Each government funding program is designed to cater to the needs of the targeted applicants. It is therefore important for you to conduct your own research and find out exactly which programs you are eligible for.

Read on below to find out who can apply for government funding.

Individuals

Individuals can be able to apply for government funding on their own behalf. This simply means that you are not applying on behalf of any organization or business. Although most government funding programs are designed to cater to the financing needs of organizations and businesses, you can also find a few that focus on individuals.

It is also possible for foreign individuals to apply for government funding in the country where the authorizing agency or laws permit. Note that foreigners will have to complete additional steps in the application process.

Small Businesses

Businesses that meet the set out requirements on size to qualify as small businesses can also apply for government funding. In most cases, government funding programs are designed to cater to small businesses in most of the industries in the economy. This means that small business owners can apply to such government funding programs on behalf of their business.

The main factor to keep in mind here is the set out criteria on determining the size of the business.

Other Organizations

Government funding programs also cater to a variety of organizations regardless of size. It is important to note that applicants are acting on behalf of the organization.

Non-profit organizations can apply for government funding from specific programs designed to cater to them. It is vital that these organizations be legally classified as not-for-profit to qualify.

For profit organizations, other than small businesses can also apply for government funding as well. These organizations must satisfy the necessary size requirements to be classified as such.

Foreign organizations may also be able to apply for government funding where the authorizing agency or laws permit. These organizations however have to deal with additional steps in the application process.

As you can see, government funding can be accessed by anyone meeting the eligibility criteria.