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Unlike loans, grants are non-repayable funds or products disbursed by grant makers, often a government department, corporation, foundation, or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business, or individual.
The world of grant-seeking is often filled with anticipation and uncertainty. Imagine, if you will, the thrill and excitement of hitting the 'submit' button on your meticulously prepared grant application.