USDA Rural Development Business and Cooperative Loan Assistance
USDA Rural Development Business and Cooperative Loan Assistance
For additional information on USDA Rural Development programs please visit http://www.rurdev.usda.gov/RD_Loans.html or contact the Alexandria, MN office.
S. John Strand
Area Specialist
Phone: (320) 763-3191
John.Strand@mn.usda.gov
What does this program do?
This program bolsters the availability of private credit by guaranteeing loans for rural businesses.
Who may apply for this program?
Lenders with the legal authority, sufficient experience and financial strength to operate a successful lending program. This includes:
Federal or state-chartered banks
Savings and loans
Farm credit banks
Credi...
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Who may apply for financing?
Energy project developers for distributed energy projects
Electric Program borrowers or other utilities that serve rural areas
How may funds be used?
For project loans, there are three typical situations:
Existing borrower (cooperative) owns and operates the project.
A project developer builds and operates the projec...
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What does this program do?
This program is a competitive grant designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas which will employ 50 or fewer new employees and ha...
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The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimat...
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What does this program do?
Provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses to purchase or install renewable energy systems or make energy efficiency improvements.
Who may apply?
Agricultural producers with at least 50% of gross income coming from agricultural operations, and
Smal...
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Announcement : Open Letter From Assistant Administrator(PDF) to all RUS Telecommunications Infrastructure Borrowers, Farm Bill Broadband Borrowers and Broadband Initiatives Program ("BIP") Borrowers ("Borrowers") that currently submit dual Operating Reports through the on-line Data Collection System ("DCS") and Borrower Collection and Analysis system ("BCAS").
Announcement : Effective October 18, 2016...
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