1.)In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed
2.)Grants may be awarded by government departments, trusts, or corporations and given to individuals, businesses, educational institutions, or non-profits. Loans are generally given by banks to both individuals and businesses, but private lenders or individuals (e.g., family and friends) may also offer loans.
