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 intermediary is $1,000,000; maximum loan to ultimate recipient is $400,000 or 50% of intermediaries loan.
Application Deadline: Quarterly – April 1, July 1, September 30, January 2
Application Guidelines:
Funding Cap Per Application or Fiscal Year Program Funding:
How Must Funds Be Used:

Promote community development. Establish a new business. Establish and support microlending programs. Create or retain employment opportunities. To acquire, construct, convert, enlarge or repair a business or business facility, particularly when jobs will be created or retained. To purchase or develop land (easements, rights of way, buildings, facilities, leases, materials). To purchase equipment, machinery or supplies, or make leasehold improvements.

For start-up costs and working capital. For pollution control and abatement.

For transportation services. To cover feasibility studies. Professional fees (architects, lawyers, engineers, accountants.) Towards the building of hotels, motels, convention centers.

For educational institutions.  For aquaculture-based rural small business. Or to establish revolving lines of credit as described in 7 CFR Part 4274.314