RURAL ECONOMIC DEVELOPMENT LOANS AND GRANTS
US DEPARTMENT OF AGRICULTURE (USDA), RURAL DEVELOPMENT
Finance economic development and job creation in rural areas.
Deadline to Apply
No deadline dates, applications are accepted anytime.
Rural Utilities Services – financed electric and telephone utilities.
Rural areas and places with populations of less than 2,500 or less.
Funding Potential for Award–Funds are allocated on a Fiscal Year (FY) basis.
Range of Awards–Max loan amount is $1 Million, Grant amount is $300,000.
Funding Cycle – Duration–Within one year under normal circumstances
Source of Funds–Federally funded
Deadline–No deadline dates, applications are accepted anytime
How to Apply–Apply to Rural Development
Selection Criteria & Decision Authority–The intermediary (electric or telephone utility) makes loans to profit or non-profit business and public bodies for rural economic development and/or job creation projects. Loans are 0 percent for 10 years.
RD Instruction 4280-A, “Rural Economic Development Loan and Grant Program”
Intermediary Relending Program and the Rural Business Development Grant