Rural Economic Development Loan and Grant
The Rural Economic Development Loan and Grant programs, offered by the Rural Business-Cooperative Service, provide financial support for rural projects aimed at creating and retaining jobs. The USDA offers zero-interest loans to local utilities, which then lend to local businesses. The businesses repay the utility, which in turn repays the USDA. Additionally, the USDA provides grants to utilit…
Agency Name: Rural Business-Cooperative Service
Description:
The Rural Economic Development Loan and Grant programs provide funding for rural projects through local utility
organizations. USDA provides zero-intere…
Funding Source
Eligibility
To receive funding (which will be forwarded to selected eligible projects), an entity must be: A former Rural Utilities Service borrower who borrowered, repaid or pre-paid an insured, direct or guaranteed loan. Nonprofit utilities that are eligible to receive assistance from the Rural Developme…
Dates
Supporting links
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