Program Name: | Intermediary Re-lending Program |
Organization: | United States Department of Agriculture – Rural Development |
Address: | 2118 W. Part Court, Suite A, Champaign, IL 61821 |
Phone: | 217-403-6200 |
Fax: | |
TDD: | |
Email: | |
Website: | https://go.usa.gov/xzDXs |
Briefly Describe the Purpose of the Program | |
Provides 1 percent, low-interest loans to local lenders or “intermediaries” that re-lend to businesses to improve economic conditions and create jobs in rural communities |
Type(s) of Assistance that the Program Offer(s): |
Year Program Established: |
Eligibility Requirements or Restrictions |
Open to: Government organizations, nonprofits, federally recognized Tribes, and cooperatives. Rural areas with populations of 50,000 or fewer. Terms and Conditions: Maximum loan to borrowers is $400,000 |
Application Deadline: Rolling bases |
Application Guidelines: |
Funding Cap Per Application or Fiscal Year Program Funding: |
How Must Funds Be Used: |