What is the difference between selecting the all awards purpose of registration and the financial assistance purpose?

What is the difference between selecting the all awards purpose of registration and the financial assistance purpose? - GSA Federal Service Desk Service Portal

 An all awards registration allows you to bid on contracts and other procurements, as well as apply for financial assistance. This type of registration requires more information about your entity.

A financial assistance awards registration allows you to apply for financial assistance, for example grants and loans, only. You cannot bid on federal contracts with this registration type. This type of registration requires less information about your entity.