Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a government loan and how does it differ from a conventional loan?

0
Posted

What is a government loan and how does it differ from a conventional loan?

0

A government loan must be repaid just like any other loan. These loans are often given to individuals and businesses that would not qualify for a loan through a conventional financial institution. Government loans often have very low interest rates, or a period of time during which no interest is calculated. These loans often offer repayment terms over a long period of time. The government sometimes provides loans directly, and sometimes provides a loan guarantee to a conventional financial institution. Both types of loans can offer the same beneficial terms. 3. What is a tax refund or tax credit? Tax refunds and tax credits provide funding for your businesses start-up and expansion by deducting certain expenses from your tax bill. Your business may apply for tax refunds for funds already spent, or receive tax credits on future projects. These tax breaks can increase your businesses cash flow allowing faster development then would otherwise be possible.

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.