Instructions
- 1
Log on to the GovLoans.gov website. GovLoans.gov provides a listing of all loans offered by the United States Government. Click on the type of loan that you desire in the “Loan Quick Search” section of the website to review all of the loans offered for that particular category.
- 2
Determine your eligibility to receive any of the loans displayed in the category for which you need a loan. You can determine your eligibility for multiple loans at one time by checking the box next to all of the loans in which you are interested and click the “Determine Eligibility” button. Once you click the “Determine Eligibility” button, you must answer a short series of questions for a preliminary determination of eligibility.
- 3
Review the loan details and terms. After you have received your preliminary eligibility determination, read the specifics about each loan, including the purpose for the loan and the specific requirements for the loan, as well as the maximum amount of loan, the interest rate and the loan’s maximum duration.
- 4
Click the “View Loan Details” button and follow the link for the “Program Contact Information” to locate application information. Each type of government loan is authorized by a different agency within the federal government and each has its own particular application procedures. You must contact the particular department listed in the “Program Contact Information” to request the loan application.
- 5
Complete and submit the government loan application to the agency or institution listed in the loan application instructions. Each type of loan application is different, so an applicant must be prepared to supply personal information or business details if applying for a business loan, the purpose for the loan, how the loan will be spent, personal or business credit information and personal or business financial information.
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