One must know the difference of government grant from a money loan. Money loan once you were given the money already, you are obligated to pay for it after some time. On the other hand, a government grant is given to you in gratis; you don’t have to pay for it. The only condition to follow is that you really have to use that amount of money for any purposes that you might have indicated in your request. Therefore, we can say that it is not safe to assume that once we applied for any particular grant we can expect to get sum of money we are requesting for.
The CFDA catalog is actually beneficial to use and make it sure of reference if we want to know more about a particular government grant that we want to apply for. It contains all the necessary information that we need to know, the qualifications that we need to have in ourselves and the requirements that will be asked of us to present.
Make sure though that you have checked on the requirements and have them ready first prior to application. This will save you the hassle and disappointment of having wrong expectations that you can apply for any type of financial grant available without having to verify on qualifications and requirements first.
As with any other processes that you are applying for like money loan, for as long as you have provided the necessary requirements there is going to be a smooth flow of your transaction. It is being set to determine your qualifications for a particular financial grant that you are aiming for, without which it will be difficult for them to proceed with the next stage for your application.
As much as possible avoid giving only half of the requirements as it may not merit you the grant and thus can be denied in the process. Make it a point, too, that you keep track of the set deadlines for a specific government grant as most of these are offered only for a short period of time.
[Matt Cutts] has been in the field of Government Grants for a long time and maintains a website about Grants For Small Business where you can get answers to the rest of your questions.