Are there grants to pay off personal debt?

  • June 27th, 2022

The Truth About Personal Debt Grants

No! Whoever told you that doesn’t know what they are talking about or they are trying to scam you.  There are virtually no grants available for personal assistance or to pay off debt – because โ€œindividualsโ€ are typically not eligible to apply for discretionary grants, no matter how needy. Personal debt grants do not exist. Rumors and scams like this are one reason many small businesses partner with a subject matter expert to guide them in their search for funding.

The only grants that are available for individuals are school scholarships or for research and development types of activities if applying through a sole proprietorship or other forms of a small business corporation.

Need more FAQ’s? Check out our other FAQ blog post here.

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