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USDA Rural Development Grants and Loans

Posted on | September 11, 2009 | No Comments

Promoting a dynamic business environment in rural America is the goal of Rural Development, Business and Cooperative Programs (BCP), and Business Programs (BP).  BP works in partnership with the private sector and the community-based organizations to provide financial assistance and business planning. BP helps fund projects that create or preserve quality jobs and/or promote a clean rural environment. The financial resources of BP are often leveraged with those of other public and private credit source lenders to meet business and credit needs in under-served areas. Recipients of these programs may include individuals, corporations, partnerships, cooperatives, public bodies, nonprofit corporations, Indian tribes, and private companies.

USDA Programs are:

• Business and Industry Guaranteed Loans – Purpose is to bolster the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits.
• Intermediary Relending Program Loans – loans are provided to local organizations (intermediaries) for the establishment of revolving loan funds. These revolving loan funds are used to assist with financing business and economic development activity to create or retain jobs in disadvantaged and remote communities.
• Rural Economic Development Loans and Grants – Provides zero interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas.
• Rural Business Enterprise Grants - Grants for rural projects that finance and facilitate development of small and emerging rural businesses help fund distance learning networks, and help fund employment related adult education programs.
• Rural Business Opportunity Grants – Promotes sustainable economic development in rural communities with exceptional needs through provision of training and technical assistance for business development, entrepreneurs, and economic development officials and to assist with economic development planning.
• Rural Cooperative Development Grants – For establishing and operating centers for cooperative development for the primary purpose of improving the economic condition of rural areas through the development of new cooperatives and improving operations of existing cooperatives.
• Biorefinery Assistance Program – Assist in the development of new and emerging technologies for the development of advanced biofuels.
• Bioenergy Program for Advanced Biofuels – Support and ensure an expanding production of Advanced Biofuels by providing payments to Eligible Advanced Biofuel Producers in rural areas.
• Repowering Assistance Program – Encourage the use of renewable biomass as a replacement fuel source for fossil fuels used to provide process heat or power in the operation of these eligible biorefineries.
• Rural Energy for America Program – Grants for energy audits and renewable energy development assistance and grants to agricultural producers and rural small businesses to purchase and install renewable energy systems and make energy efficiency improvements.
• Rural Energy for America Program Guaranteed Loan Program – Encourages the commercial financing of renewable energy (bioenergy, geothermal, hydrogen, solar, wind and hydro power) and energy efficiency projects

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