Rural Microentrepreneur Assistance Program

Type
Funding
Grant Deadline
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 FundProvide training and technical assistance to microloan borrowers and micro entrepreneurs

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.