Federal Loan Programs

There are numerous Federal loan programs currently available. Depending on your needs and requirements, listed are few of the most popular Federal Loan Programs.

  • William D. Ford Federal Direct Loan Program – The William D. Ford Federal Direct Loan Program is also known as the Direct Loan Program, FDSLP, or FLDP. This loan program offers low interest loan options for students, and parents of students, that assist in paying for the total cost of a student’s post-high school education.
  • SBA 504 Loan Program – SBA 504 loan program is intended to create jobs and improve the overall economy of our communities.
  • SBA 7(a) Loan Guarantee Program – It can be really difficult for many new start-ups and new businesses to get loans from banks now days. The SBA 7(a) Loan Program can be extremely beneficial for you if you are a new business or want to jump start a business but are short of funds.
  • Community Express SBA – The Community Express Pilot Loan Program was put forth by the SBA (Small Business Administration) to attempt to offer increased opportunities for the underserved population of business owners in the country.
  • SBA 7(m) MicroLoan – The SBA Micro loan provides short-term financing to small business owners to buy inventory or use the funds as working capital. MicroLoans are just that, Micro.
  • SBA Minority/Women Prequalification Pilot Loan Program – The Minority Prequalification Loan Program and the Women’s Prequalification Pilot Loan program help potential women and minority borrowers to be able to secure loans as well as develop a feasible loan application.
  • Export Working Capital Program (EWCP) – The Export Working Capital Program, or EWCP, was put into place so that exporters could have short-term working capital. This program was created by the SBA and Export-Import bank.
  • International Trade Loan (ITL) – If you happen to be operating a company that participates in a form of international trade, or are trying to design a business objective for an entity that would either partake in or be affected in some way by international trade, then it would behoove you to look into your eligibility for an International Trade Loan.
  • Energy & Conservation Loan – A Small Business Administration loan for energy and conservation will come in a category of many other loans guaranteed by the SBA, and offered through a third party non-government lender.
  • Pollution Control Loan – The primary loan program under the direction of the SBA is the 7 (a) loan program. Loans given under this general heading can be used for such things as purchasing or upgrading assets, debt refinancing, or simply used as working capital.
  • FAFSA – Federal Pell Grant – A major concern for students enrolling in a college or university is finding a method of financing to pay for the related costs.  In addition to the rapidly increasing rate of tuition, students looking to leave the nest are also faced with housing and meal costs (room and board for on-campus students, or rent and meals for commuting students).
  • Federal Housing Grants – The Department of Housing and Urban Development (HUD) is the Federal agency responsible for facilitating and awarding grant money to organizations and individuals for Federal Housing Grants.