Government Grants & Loans


Government Grants & Loans

A Federal or Government Grant is a financial assistance awarded from a Federal agency to a recipient to carry out a public purpose of support or stimulation. Twenty-six Federal agencies annually offer over 1,000 grant programs that provides access to approximately $400 billion in annual awards. Only a few Government grants are available to individuals and none of them are available for personal financial assistance or debt. The organizations that are eligible to apply for government grants fall into the following categories:

  • Government Organizations (State Governments, Local Governments, City or Township Governments, etc.)

  • Education Organizations (Independent School Districts, Public and State Controlled Institutions of Higher Education, Private Institutions of Higher Education)

  • Public Housing Organizations (Public Housing Authorities, Indian Housing Authorities)

  • Non-Profit Organizations (Nonprofits having a 501(c)(3) status with the IRS, Nonprofits that do not have a 501(c)(3) status with the IRS)

  • For-Profit Organizations (other than small businesses)

  • Small Businesses (Small business loans and small business grants may be awarded to companies that meet the size standards that the U.S. Small Business Administration (SBA) has established for most industries in the economy)

  • Individuals (An Individual submits a grant on their behalf, and not on behalf of a company, organization, institution, or government.)

 


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