BUSINESS AND INDUSTRY LOAN GUARANTEES
The business and industry program provides loan guarantees for expansion and preservation of jobs in rural areas. The guarantees are issued to commercial lenders who make credit available to support business activity in rural areas with populations up to 50,000. Loan funds may be used to purchase land, buildings and equipment; working capital; and refinance debts. The goal of the program is to strengthen the economy of rural communities through the creation of employment opportunities.
BUSINESS AND INDUSTRY DIRECT LOANS
The business and industry program provides for direct loans for expansions and preservation of jobs in rural areas. These loans are made to individuals or corporate businesses to support business activity in rural areas with populations up to 50,000. Loan funds may be used to purchase land, buildings and equipment; working capital; and refinance debts. The goal of the program is to strengthen the economy of rural communities through the creation of employment opportunities.
INTERMEDIARY RELENDING PROGRAM
Loans are made to private nonprofit corporations, any state or local government, Indian tribe, or cooperatives who in turn provide credit to finance business facilities and community development projects in rural areas on a revolving loan basis.
RURAL BUSINESS OPPORTUNITY GRANTS
Rural Business Opportunity Grants provide funding for technical assistance, training, and planning activities that improve economic conditions in rural areas.
RURAL BUSINESS ENTERPRISE GRANTS
Rural Business Enterprise Grants finance the development of small and emerging private business enterprises. Public bodies, non-profit corporations and recognized Indian Tribal Groups may be eligible applicants.
RURAL ECONOMIC DEVELOPMENT LOANS AND GRANTS
The purpose of the Rural Economic Development Loan and Grant program is to develop projects that will result in a sustainable increase in economic productivity, job creation, and incomes in rural areas. Projects may include business start-ups and expansion, community development incubator projects, medical and training projects, and feasibility studies.
COOPERATIVE SERVICES TECHNICAL ASSISTANCE
Cooperative Services (CS) assists rural residents in forming new cooperative businesses and improving the operations of existing cooperatives.
RURAL COOPERATIVE DEVELOPMENT GRANTS
Rural Cooperative Development Grants (RCDG) are made for establishing and operating centers for cooperative development to improve the economic conditions of rural areas.
VALUE-ADDED PROGRAM GRANTS
This program enable producers of agricultural commodities to participate in the economic returns to be found in the value-added market.
RENEWABLE ENERGY GRANTS
This program enable agricultural producers and small businesses to purchase renewable energy systems and make energy improvements to reduce the cost and consumption of the nation's energy needs.
For assistance, contact the Area Office which serves the area you are interested in, or Steve Byrd, Program Director. Mr. Byrd can be reached at 919-873-2043 or steve.byrd@nc.usda.gov
Please send any comments or suggestions to:
Rdwebmaster@usda.gov
Revised on: August 4, 2003