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
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: