Business and Industrial Guaranteed
Loans (B&I)-
Commercial loans, guaranteed up to
90% against loss of principal and interest, are made by lenders to individuals
and corporations. Loans may be made for improving, developing, or financing
business, industry, and employment in areas with populations less than
50,000.
Intermediary Relending Program
Loans (IRP) -
Provides assistance to finance business
facilities and community development projects not within the outer boundary
of any city having a population of 25,000 or more. These funds are achieved
through loans made by Rural Development to intermediaries that ultimately
provide loans to recipients for business facilities and community development
projects in a rural area.
Rural Business Enterprise Grants
(RBEG) -
Provides assistance to public bodies
and nonprofit corporations to finance and facilitate development of small
and emerging private business enterprises located in rural areas or cities
up to 50,000 population with priority to applications for projects in open
country, rural communities and towns of 25,000 or smaller, and economically
distressed communities.
Rural Economic Development Loan
and Grant Program (REDLG) -
Provides uses of loans and grants
to promote rural economic development and/or job creation projects, including,
but not limited to, project feasibility studies, start-up costs, business
incubator projects, and other reasonable expenses for the purpose of fostering
rural economic development.
These loans and grants can only
be made to Utilities Programs electric and telephone
borrowers. The minimum amount is $10,000, and the maximum amount is $400,000. |
Rural Business Opportunity Grants (RBOG) -
Provides grants for technical assistance for business development and conduct economic development planning in rural areas. The purpose of this program is to promote sustainable economic development in rural communities with exceptional needs by: promoting economic development that is sustainable over the long term through local effort without subsidies or external support and that leads to improvements in quality as well as the quantity of economic activity in the community; catalizing economic development projects by providing critical investments that enable effective development projects to be undertaken by rural communities that, with the RBOG assistance, will be able to identify their needs and take full advantage of available resources and opportunities; focusing assistance on priority communities; and sponsoring economic development activities with significant potential to serve as examples of "best
practices" that merit implementation in rural communities in similar circumstances. Priority communities are communities that are experiencing trauma due to natural disasters or are undertaking or completing fundamental structural changes, have remained persistently poor, or have experienced long-term population decline or job deterioration.
Renewable Energy and Energy Efficiency
Program
Provides grants, loan guarantees, and
direct loans to farmers and ranchers (agricultural producers) or rural small
businesses to purchase renewable energy systems and make energy efficiency
improvements. The Farm Security and Rural Investment Act of 2002 (2002
Act) established the Renewable Energy Systems and Energy Efficiency
Improvements Program. This program will help farmers, ranchers, and
rural small businesses to reduce energy costs and consumption.
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