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USDA Rural Development Programs

Category: Assistance Programs

Rural Economic Development Loan and Grant Program

The USDA Rural Economic Development Loan & Grant Program (REDLG) provides zero-interest loans and grants to Rural Utilities Service borrowers to promote rural economic development and job creation projects.

Loans (up to $1 million) are passed through the Rural Electric Cooperative (REC) to the Ultimate Recipient.

Grants are used to capitalize the REC revolving Loan Fund. The initial loan is made to the Ultimate Recipient.

See program handout for more information.