Rural Economic Development Loan and Grant

Due: Jun 30, 2025

Description

Agency Name:Rural Business-Cooperative ServiceDescription:The Rural Economic Development Loan and Grant programs provide funding for rural projects through local utilityorganizations. USDA 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. The ultimate recipients repay thelending utility directly. The utility then is responsible for repayment to USDA.USDA provides grants to local utility organ...

Expected Number of Awards40

Eligible Applicants- Others

Additional Eligibility Information

To receive funding (which will be forwarded to selected eligible projects), an entity must be:A former Rural Utilities Service borrower who borrowered, repaid or pre-paid an insured, direct or guaranteed loan. Nonprofit utilities that are eligible to receive assistance from the Rural Development Electric or Telecommunication Programs. Current Rural Development Electric or Telecommunication Programs borrowers.

Funding TypeOtherCategories of Funding Activity- Agriculture- Business and Commerce- Community Development- Education- Health- Regional DevelopmentOpportunity TypeDiscretionary

Grantor Contact InformationProgram ManagerGrantor Emailcindy.mason@usda.govOther Grantor InformationCindy Mason <br/>Business Loan and Grant Analyst <br/>Phone 202-690-1433

Supporting Linkhttps://www.rd.usda.gov/programs-services/business-programs/rural-economic-development-loan-grant-programs

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