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State the disadvantages of grants as a type long term financing.

State the disadvantages of grants as a type long term financing.

Answers


Lellah
1. Preparing grant proposals usually require hard work of research and planning.
2. Grants come with requirements to spend the funds according to a complex set of regulations and laws that could increase your bottom line as you may need the expertise of an attorney, accountant, or other professionals.
3. Grants often come out with a set of rules for who are eligible to apply that can be so specific that it excludes many organizations. And they tend to demand certain activities must be included in any project to be funded -- which may increase an organization's expenses.
4. Grants are VERY competitive. Many organizations are going after the same funds.
Lellah answered the question on November 8, 2021 at 07:28

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