How to Get Grants With Bad Credit
- 1). Search for grants applicable to your situation. Grants.gov is a good place to start for business-based and need-based grants. The National Endowment of the Arts can help you find grants for arts-based programs. If you're a student searching for grants for school, you can discuss what grants you are eligible for through your college counselor or a financial aid advisor at your university or college.
- 2). Apply for the grants that match your project or your needs. Follow the directions closely, which may include recommendation letters from teachers or colleagues or an itemized budget of the things you'll plan to do with your grant.
- 3). Wait for your grant to be approved. It may be a long-shot depending on how many people have applied for the specific grants, however you will not be sent through a credit check in order to have the grant awarded to you. Being low-income may also be an asset when it comes to obtaining a grant, as many are need-based. Your credit will not affect the decision.
- 4). Keep a detailed list of how you're spending the money if you're a nonprofit organization. The grant's funding organization may wish to see this upon completion of your program.
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