Category:
Economic Development, Rural Development, Grants and Loans
Funding Amount:
Up to $300,000 in grants may be requested to establish the RLF
Up to 10 percent of grant funds may be applied toward operating expenses over the life of the RLF
Up to $2 million in loans may be requested
Matching Funds:
Yes, either the Ultimate Recipient or the Intermediary must provide supplemental funds for the Project equal to at least 20%
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