Free Government Loans – Give money that never has to be paid back
Free government loans… is this an oxymoron or what? I mean the definition of the word “loan” is something you have to pay back, while “free” means you don’t have to pay back. It’s no wonder that many US citizens balk at believing that there are free government loans available to them, but there aren’t. However, you may still be eligible to receive millions upon thousands of dollars in free government money and never have to pay it back. The misunderstanding is in the terminology used to describe government free grant programs.
The free government loans that are commonly dismissed by thousands of qualified applicants each year due to their disbelief, are actually free government grant programs. While the free grant application process is quite similar to the loan process, and you will receive generous funding and supplemental income support if you qualify to qualify, there is an important and stark difference between government loans and government grants. A loan must be repaid with interest, and a free grant is just that…free money, given to you.
For obvious reasons, a government grant can be much more attractive to those interested in acquiring supplemental monetary support when embarking on a series of financial projects, or trying to overcome monetary obstacles and become debt free. I mean, if you didn’t need money, you wouldn’t be looking for it, right? So who wouldn’t prefer not to have to pay back their loans? With free cash prizes readily available through great programs like Single Mom Grants, Minority Grants, First Time Homebuyer Grants, Small Business Grants and hundreds more, the wisest first step to take when exploring financial options is getting free government grants.
Although free public money is a very attractive option, not everyone will qualify. But all hope is not lost for the rejected applicant, because there is definitely something to be said for government loans as well. The first thing to say is that they are not free. Let’s dispel that notion once and for all. As we have already mentioned, the only “free government loan” is not a loan at all, it is a grant. In fact, government loans require repayment. However, the interest rates are considerably lower than those of banks, credit unions, or private lenders, and it eliminates the need to provide any type of collateral.
Sometimes, depending on your acceptable needs and wants, you can get free government loans and grants to support whatever cause you are working on. Take a free online grant search and see what’s available to you in your area. And now that you know the difference, you should be able to find all the opportunities you need and believe in them.