Rural Economic Development Loan and Grant

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...