top of page

Wellsons Financial Group LLC

Image by Andy Feliciotti

Federal Funding

Federal funding refers to financial resources allocated by the central or federal government of a country to support various programs, projects, initiatives, and services. These funds are typically distributed to state and local governments, nonprofit organizations, businesses, educational institutions, and individuals to address specific national priorities and public needs. Federal funding is a critical mechanism through which governments implement policies, promote economic growth, enhance public services, and achieve societal goals.

Federal funding serves diverse purposes: healthcare, education, infrastructure, defense, environment, research, and welfare.

Government Priorities

Federal budgets allocate funds to agencies, departments, and programs based on importance and impact. 

Budget Allocation

Federal funding is distributed through grants (for nonprofits, governments, and researchers) and contracts (with private businesses for goods and services).

Grants and Contracts

Federal funding often requires competitive proposals. Organizations and individuals submit plans and budgets, and awards go to the best-matched proposals.

Competitive Bidding

Federal funding requires rigorous accountability. Recipients must meet reporting requirements and adhere to regulations.

Accountability & Oversight

Federal funding can boost economic growth during downturns. Infrastructure, job programs, and relief measures aid stability. 

Economic Stimulus

Federal funding supports citizens’ well-being through healthcare, housing, food assistance, and unemployment benefits. 

Social Services

Research & Development

Key Aspects of Federal Funding

Large and Stable Customer (the Government)

Significant Revenue Source for Small Businesses

Market Expansion and New Customer Reach

Product and Service Improvement Opportunities

Job Creation and

Economic Boost

Benefits of Doing Business with the Federal Government

Need assistance with federal funding?

Click here to view available federal grants

This is the most popular SBA loan program, and it offers loans of up to $5.5 million for a variety of business purposes, including working capital, expansion, and equipment purchases.

Small Business Administration (SBA) 7(a) Loan Program

This program provides long-term, fixed-rate financing for major fixed assets, such as real estate and equipment. 504 loans are typically made in conjunction with a commercial lender and a Certified Development Company (CDC).

SBA 504 Loan Program

This program offers loans of up to $50,000 to small businesses with fewer than 10 employees. Microloans are typically used for working capital and other small business needs.

SBA Microloan Program

This program provides loans to businesses in rural areas for a variety of purposes, including working capital, expansion, and equipment purchases.

U.S. Department of Agriculture (USDA) Business and Industry Loan Program

This program provides loans to businesses in economically distressed areas for a variety of purposes, including working capital, expansion, and equipment purchases.

U.S. Department of Commerce (DOC) Economic Development Administration (EDA) Loan Program

This office offers a variety of loan programs to help businesses finance energy-efficient projects and renewable energy projects.

U.S. Department of Energy (DOE) Loan Programs Office

Federal Loans

bottom of page