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how does it take to be approved for a personal loan and what is the interest rate. How can I aPPLY FOR A GRANT FOR PERSONAL USE.

2006-07-27 10:30:54 · 9 answers · asked by Anonymous in Business & Finance Personal Finance

9 answers

You may be able to get a personal loan without paying it back for 5 years from your parents, spouse, siblings or a close friend

No. The government is NOT in the business of giving away free money for the sake of giving away money. Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.

For one, you have to write the grant application and the grant application is not a simple document - you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant.

There there is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.

You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.

Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently.

Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

http://www.cfda.gov
http://www.grants.gov
http://gtionline.fdncenter.org
http://www.powerhomebiz.com/vol66/grants.htm
http://www.sba.gov/expanding/grants.html

2006-07-30 09:59:26 · answer #1 · answered by imisidro 7 · 4 0

1

2016-09-28 02:52:45 · answer #2 · answered by ? 3 · 0 0

Depending at the state you reside within the statute of barriers might restrict them from number of this mortgage. No creditor can garnish your wages with out first suing you after which successful a judgement in opposition to you. Find out the point in time to your state. If it's close the date and there is not sufficient time for the creditor to acquire you can be off the hook. But recollect....if you are making a promise to pay or honestly make a cost at the mortgage it resets the point in time. Also, the normal creditor can promote your debt and those debt purchasers are scum suckers who will check out some thing to get you to pay~EVEN IF THE LOAN is old-fashioned. Do NOT promise to pay --- inform them to supply the be aware and cautiously discover the origination date of the mortgage.

2016-08-28 16:53:47 · answer #3 · answered by vandevanter 3 · 0 0

Sorry but no bank or goverment sanction would do that. The only loans you don't have to pay off are student loans, and you have to pay those a couple months after you finish school.

2006-07-27 10:34:05 · answer #4 · answered by K<3C 2 · 0 0

is possible to get a personal loan and not have to pay it back for 5 years.in the sense of u only need to pay for the interest every month.u dont need to pay the source of the loan as long each year u pay for renewal fee.,but still u need to pay for the interest every month.

2006-07-27 10:36:50 · answer #5 · answered by Anonymous · 0 0

In Fantasyland.

2006-07-27 10:32:14 · answer #6 · answered by Uncle Pennybags 7 · 0 0

keep dreaming. Why would anybody lend you the money and have to wait five years for payback?

2006-07-27 10:32:39 · answer #7 · answered by ? 6 · 0 0

hummm.. let me think...














no where

2006-07-27 10:34:12 · answer #8 · answered by carlosbrazil 2 · 0 0

nowhere.

2006-07-27 10:32:46 · answer #9 · answered by boo 5 · 0 0

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