INFORMATION
A grant is money given to a certain individual on the basis
that he or she should not have to repay. In that respect, it differs from a
loan, and does not incur any debt.
Most often, grants are issued by the government to those in need, such as
families with low income or students attending post-secondary education
institutions. In certain cases, a part of a government loan is issued as a
grant, particularly pertaining to promising students seeking financial support
for continuing their educations.
Grants are also given out by foundations. These grants can be either
scholarships or donations to non-profit organizations. Many non-profits hire
grant writers who assist them with obtaining grant money.
Billions of dollars in financial aid are currently available from thousands of
foundations and government programs all over the United States. They are
specifically targeted for future business owners, new business owners and
existing businesses.
Small business grants can help open small businesses and expand current
businesses.
The source of this article is
Wikipedia, the free encyclopedia. The text of this
article is licensed under the
GFDL
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