Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman
Founder, CFP® Joel Ohman

UPDATED: Jun 7, 2021

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  • Government grants are granted to nonprofit organizations, colleges, and businesses to help improve the community rather than an individual
  • Government grants and loans are funded by taxpayers’ money
  • Loans must be repaid while grants do not have to be repaid

If you’re starting a small business, buying a home, or simply struggling financially you may be wondering if there is any government assistance available. Perhaps you’re wondering how to get government grants and loans to help you stay afloat.

Fortunately, there are a plethora of government grants and loans available to Americans for a wide variety of reasons. From home improvement loans to university grants, there are hundreds of possibilities. We’re here to help you navigate this terrain.

Keep reading below to learn what government grants and loans are, how to get government grants and loans, and where you can find them. But before you do, enter your ZIP code into our free comparison tool above to find affordable government loans near you.

What are government grants and loans?

So what are government grants and loans? Both come from the government and are paid for by our taxes, but there is a big difference between a grant and a loan.

A government loan is money that the government lends to an organization or an individual for a certain length of time. The money must be paid back over time and the government charges interest on the loan in order to make a profit.

Government loans are highly sought after because they usually come with lower interest rates and more flexible repayment options. Government loans are available for starting businesses, buying homes, and pursuing higher education.

Grants, on the other hand, don’t have to be paid back over time. Grant money is available to fund ideas and projects that provide public services or stimulate the economy.

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How do I get government grants and loans?

Grants and loans are different and the processes for getting them are different, too. In order to qualify for both grants and loans, you must first meet certain eligibility requirements. These will differ depending on the grant or loan you are trying to get.

Like private loans, government loans will require a look at your credit score, income, and any outstanding debts you have before approving you. Fortunately, government loans are available to those with poor credit and those with low income.

Grants also have eligibility requirements, but these have more to do with the type of work you are doing. Government grants rarely go to individuals. Instead, they are granted to nonprofit organizations, colleges, and businesses to help improve their communities.

If you’re looking for government hardship grants, you may be out of luck. The government does not provide grant money to people simply because of financial hardship. However, there are many government programs available to help low-income people get by.

Keep in mind that government grants are primarily for organizations, not individuals. If you see an offer online for a $7000 government grant, it’s probably a scam. There is no such thing as a $7000 government grant for an individual.

Where can I find government grants and loans?

The first step is to search online. You can search for government loans at and search for grants at These are both government-run websites.

Be wary of anyone offering government hardship grants or promising a list of government grants for individuals who are not affiliated with the U.S. government. Remember that grants are rarely offered to individuals.

The only types of government grants available for individuals are for students and researchers. You’ll have to do your own research to find out which grants and loans you qualify for.

Now that you know how to get government grants and loans, get started today. Simply enter your ZIP code into our free comparison tool below to apply for affordable government loans from approved lenders today.