What are the ways my business can use USDA Rural Economic Development Loans
24 Apr 2023
News
The primary purpose of the USDA Rural Economic Development Loan & Grant Program is to promote rural economic development and job creation projects. Funds distributed through this program can be used for the following:
- Business expansions and start-ups
- Business incubators
- Community development assistance to nonprofits and public bodies (particularly for job creation or enhancement)
- Facilities and equipment to educate and train rural residents to help economic development
- Facilities and equipment for medical care for rural residents
- Technical assistance
USDA business loans through past and present rural utility service borrowers
The U.S. Department of Agriculture (USDA) offers several assistance programs to help rural electric cooperatives promote economic development and help create new jobs. The USDA business loan program offers loans ranging from $10,000 to $2,000,000.
Find out if your project qualifies for a USDA business loan here.
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