Rural Economic Development Loans and Grants
(REDLG)
Purpose: To finance rural economic development and rural job creation projects that are based on sound economic and financial analyses. Loans and grants are made
through Rural Development's rural utility program to electric and telephone borrowers who use the funds to provide financing for business and community development projects. Loans are provided to finance a broad array of projects, including for-profit businesses. Grants are targeted for certain purposes such as community development assistance, education, job training or medical services, business incubators, and technical assistance.
Rural utility borrowers may receive financing for grant purposes through either a grant to establish a revolving loan fund or a combination loan and grant.
Loans are made at zero percent (0%) interest and repaid over a ten-year period.
REDLoan Fact Sheet; REDGrant
Fact Sheet
Please send any comments or suggestions to:
jane.grant@nd.usda.gov
Revised on: March 1, 2006