Intermediary Relending Program

Submitted by hcasesc2 on Thu, 08/09/2018 - 09:22
Type: 
Funding
Grant Deadline: 
12/31/2023
Organization: 
USDA
Description: 

Applications accepted year round. This program provides 1 percent low-interest loans to local intermediaries that re-lend to businesses to improve economic conditions and create jobs in rural communities.

Category: 
rural communities, local economy, jobs, development
Funding Amount: 
$250,000; or 75 % of the total cost of the ultimate recipient's project for which the loan is being made, whichever is less.
Matching Funds: 
Not mentioned

Geography:

Eligibility: 
Federally-recognized Tribes; or an eligible rural area
Website: 
https://www.rd.usda.gov/programs-services/business-programs/intermediary-relendi…