Program Name: Telecommunications infrastructure loans and loan guarantees  
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  
Funds to build, maintain, improve, or expand telephone and broadband service in rural areas  
Year Program Established:
Eligibility Requirements or Restrictions

Open to: Telecommunications providers. Must serve rural areas with a population of 5,000 or fewer. Terms and Conditions:

Cost-of-money loans: Fixed rate at current rates depending on loan maturity at time of each advance

Loan Guarantees: Fixed rate primarily from the Federal Financing Bank (FFB). Interest rates (Treasury rate plus 1/8 of a percent) vary depending on call options and the interim maturity rate selected at each advance

Hardship loans: Fixed interest rate of 5 percent for up to 20 years; requires special qualifications

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