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Types Of Government Loans


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There are many different types of government loans for which the general public, organizations and businesses can apply. Here we'll cover the basics of each major type of government loan.

Agriculture Loans

The Farm Service Agency is an agency of the United States Department of Agriculture and handles most agriculture loans. Individuals apply for agricultural loans by contacting a local lender who will in turn contact the Farm Service Agency to arrange for a government guarantee.

Business Loans

The United States Small Business Administration helps, counsels and protects the rights and interests of small businesses in the U.S. It provides contractual and financial assistance s well as business development assistance.

To find out if you qualify for a small business loan, see http://www.sba.gov/financing/sbaloan/7a.html.

Disaster Relief Loans

Disaster relief loans are generally not immediate like aid such as the Red Cross or other temporary assistance such as temporary housing and food, but are for longer term repair and rebuilding. The amount of money that applicants are entitled to receive depends largely on the actual cost of replacing or repairing property that has been damaged or destroyed by disaster.

For more information on specific disaster relief loans, visit the disaster relief section of the http://GovLoans.gov website.

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Loans

There are a myriad of government loans and grants for educational purposes. For a start, take a look at the education loan page at http://GovLoans.gov.

Housing Loans

The Department of Housing and Urban Development (HUD) has some very good resources and information to guide prospective home buyers through the home buying process. There are several programs and other types of assistance to help even those with poor credit and limited finances purchase a home. Check out the HUD website (http://www.hud.gov) for more information.

Veteran Loans

The U.S. Department of Veterans Affairs offers several types of loans including hoe buying loans. For more information about veteran loans visit http://www.homeloans.va.gov/elig2.htm. For information about Veterans' insurance programs visit http://www.insurance.va.gov/.


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