Rural Microentrepreneur Assistance Program

Type: 
Funding
Organization: 
USDA
Description: 

Applications are accepted year round. Provides loans and grants to Microenterprise Development Organizations (MDOs) to:

  • Provide microloans to help microenterprises startup and growth through a Rural Microloan Revolving Fund
  • Provide training and technical assistance to microloan borrowers and micro entrepreneurs
Category: 
business development, rural areas, microenterprise
Funding Amount: 
Up to $50,000
Matching Funds: 
Yes- 25%

Geography:

Eligibility: 
Federally Recognized Tribes can apply as a Microenterprise Development Organization (MDO) Eligible Areas: Rural areas outside a city or town with a population of less than 50,000. Urbanized areas near a city of 50,000 or more may not be eligible. The borrower’s headquarters may be based within a larger city so long as the project service area is located in an eligible rural area. The lender may be located anywhere.