|
|
|
LEARN ABOUT... |
|
|
This poll is not scientific and reflects the opinions of only those Internet users who have chosen to participate.
MBDA is not responsible for content, functionality or the opinions expressed therein.
|
|
|
|
|
You are here : Home > LOANS |
|
|
|
U.S. Department of Agriculture (USDA)- Guarantee, Loans and Grants Thursday January 22nd, 2004 | |
U.S. Department of Agriculture (USDA)- Guarantee, Loans and Grants
The USDA has a number of financial federal programs. However, the major programs for small
businesses are administered through the USDA Rural Development's division. The program
objective is to create incentives for business lending or investments in the rural areas
and for economic development by saving and creating jobs. To determine if the area is
eligible and is considered rural, click on to: www.rurdev.usda.gov/rbs/busp/b&i;_gar.htm.
| | |
USDA PROGRAMS FOR RURAL BUSINESSES |
USDA PROGRAM |
DESCRIPTION OF PROGRAM |
TYPICAL FUNDING |
Business & Industry Guaranteed Loan
(B & I)
|
USDA guarantees business loans made by banks approved by USDA.
It is lender-driven.
Purpose:
The loans guaranteed can be for real estate, equipment, working capital
and refinancing-for non-farm businesses.
Eligibility areas: All rural areas other than cities of more than
50,000 population and their adjacent urbanized areas.
www.rurdev.usda.gov/rbs/busp/b&i;_gar.htm
|
$1 million - $10 million
|
Rural Business Enterprise Grant
(RBEG)
|
Grants provided to assist public bodies, nonprofit corporations and federally recognized Indian tribal groups finance and facilitate development of small and emerging private business enterprises.
Purpose:
For acquisition and development of land and construction of buildings, plants, equipment, and refinancing.
Eligibility areas: All rural areas other than cities of more than 50,000 population and their adjacent urbanized areas.
http://www.rurdev.usda.gov/ga/trbeg.htm
|
$25,000-$100,000
|
Inter-mediary
ReLending
Program
(IRP)
|
Funds are lent to intermediaries, which, in turn, provide loans to recipients who are developing business facilities or community development projects. Eligible intermediaries include public bodies, nonprofit corporations, Indian tribes and cooperatives.
Purpose:
Capitalizes locally run revolving loan programs for small businesses unable to qualify for bank financing.
Eligible areas: Unincorporated areas with less than 25,000 population.
www.rurdev.usda.gov/rbs/busp/irp.htm
|
Max. of $750,000 to relenders for business loans up to $150,000 |
Rural Co-operative
Develop.Grant
(RCDG)
|
Loans and grants are available to rural utilities service electric or telecommunications borrower.
Purpose:
To finance startup ventures and business expansion projects; to establish revolving loan programs operated at local level by the utility and to overall assist in economic development in rural areas.
Eligible areas: Rural population
All rural areas other than cities of more than 50,000 population and their adjacent urbanized areas.
http://www.rurdev.usda.gov/co/redgl.htm
|
$50,000 - $300,000 |
Value-Added
Ag
Product Market
Dev. Grants
(VADG)
|
Makes grant to help producer-owned businesses add value to products
Purpose:
For working capital and adding value for:
- Change in product physical state.
- Enhance product value.
- Product segregation.
- Product produces renewable energy.
http://www.rurdev.usda.gov/rbs/coops/vadg.htm
|
$50,000 - $300,000 |
|
|
|
|
|
|
LOGIN - MEMBERS |
|
|
|
CURRENT EVENTS |
|
|
|
SUCCESS STORIES |
|
|
|
FEATURED TOPICS |
|
|
|
|