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Rural Development has a loan portfolio over $224.5 billion, and administers nearly $16 billion in program loans, loan guarantees, and grants through their programs. Rural Development promotes economic development by supporting loans to businesses through banks, credit unions and community-managed lending pools.
These are "lender-driven" programs, whereby business loans (generally made by commercial banks) receive a Federal loan guarantee. The guarantee is designed to support and incentivize rural business lending and to support rural job creation and retention. The primary program in this category is the Business & Industry (B&I) guaranteed loan program.
(The Center Square) – Two Wisconsin businesses have obtained a total of more than $375,000 in rural development grants from the U.S. Department of Agriculture to fund water loans and a company ...
You can find open SBIR grants at SBIR.gov, although some require you to apply on external sites, like Grants.gov. 4. Rural Business Development Grants. ... Unlike a small business loan, interest ...
Two weeks ago, the White House froze spending on federal loans and grants, plunging organizations across the country into uncertainty and creating chaos for nonprofits in the poorest, most rural ...
The Rural Community Advancement Program is a program established by the 1996 farm bill (P.L. 104-127, Sec. 761) under which USDA is authorized to provide state rural development block grants, direct and guaranteed loans, and other assistance to meet rural development needs across the country. Program funding is allocated to three accounts: (1 ...
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