Rural Economic Development Loan & Grant Program

Type

Funding

Grant Deadline

12/31/2024 - 12:00

Organization

USDA

Description

Rolling Deadline. 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 ultimate recipients repay the lending utility directly. The utility is responsible for repayment to USDA.

Funding Amount

See description.

Matching Funds

Yes, either the Ultimate Recipient or the Intermediary must provide supplemental funds for the Project equal to at least 20%

Geography

National

Eligibility

Loans and grants may be made to any entity that is identified by USDA Rural Development as an eligible borrower under the Rural Electrification Act of 1936, as amended (Act). In accordance with 7 CFR 4280.13, applicants that are not delinquent on any Federal debt or otherwise disqualified from participation in these programs are eligible to apply

Website

https://www.rd.usda.gov/programs-services/business-programs/rural-economic-deve…

Contact Information

Go to https://www.rd.usda.gov/about-rd/state-offices to find your local office contact information

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