Program Name: Rural Business Investment Program
Organization: United States Department of Agriculture – Rural Development
Address: 2118 W. Part Court, Suite A, Champaign, IL 61821
Phone: 217-403-6200
Briefly Describe the Purpose of the Program
This program provides a Rural Business Investment Company (RBIC) license to newly formed developmental capital organizations to help meet the equity capital investment needs in rural communities.
Year Program Established:
Eligibility Requirements or Restrictions
Eligible applicants for the RBIC license include newly formed: For-profit entities, or Subsidiary of an entity.

All applicants: Must have relevant experience in venture capital or community development financing, Must raise a minimum of $10 million in private equity capital, May be structured as limited partnerships, limited liability companies or corporations.

Application Deadline: Rolling basis
Application Guidelines:
Funding Cap Per Application or Fiscal Year Program Funding:
How Must Funds Be Used:

A minimum of 75 percent of funds must be made in rural areas with a population of 50,000 or less. A minimum of 50 percent of funds must be invested in smaller enterprises. A maximum of 10 percent of RBIC investments may be made in urban areas