Many grants operate on a reimbursement basis, meaning you must spend your own money first and then claim the eligible costs back from the funding body. This structure is common in programs like the Export Market Development Grant and many state based business development grants. Reimbursement programs require you to keep detailed records of expenditure, including invoices, proof of payment, and evidence that the activities were completed. Once your documentation is submitted and approved, the funding is transferred to your business. Other programs may reimburse only after specific milestones or deliverables have been achieved. Because reimbursement based grants require upfront cash flow, it is important to plan your budget accordingly. If you are unsure about whether a program reimburses expenses or pays in advance, our team can help you review the guidelines and interpret the funding conditions.
