- A former Rural Utilities Service borrower who borrowed, repaid or pre-paid an insured, direct or guaranteed loan.
- Nonprofit utilities that are eligible to receive assistance from the Rural Development Electric or Telecommunication Programs.
- Current Rural Development Electric or Telecommunication Programs borrowers.
- Up to $300,000 in grants may be requested to establish the Revolving Loan Funds.
- Up to 10 percent of grant funds may be applied toward operating expenses over the life of the Revolving Loan Fund.
- Up to $1 million in loans may be requested.
- 10 years at 0 percent interest.
- Grants require a 20 percent match from the local utility.
- Grants must be repaid to USDA upon termination of the Revolving Loan Fund.
- 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 facilitate economic development.
- Facilities and equipment for medical care for rural residents.
- Start-up venture costs, including, but not limited to, financing fixed assets such as real estate, buildings, equipment or working capital.
- Business expansion.
- Technical assistance.
- The interest rate is 0 percent.
- Up to 80 percent of project costs; 20 percent must be provided by the ultimate recipient or the local utility.
- The local utility may incorporate interest rates or administrative loan fees after the funds have been loaned out and revolved once. First-time loans are at 0 percent interest.
- Repayment may be deferred up to two years for projects including a start-up venture or Community Facilities project.
- Basic Program – Code of Federal Regulations, 7 CFR, Part 4280.
- Loan/Grant Servicing – Code of Federal Regulations, 7 CFR, Part 4280 and 2 CFR Part 200.
- This program is authorized by the Rural Electrification Act of 1936.
NOTE: If state specific forms are not shown above, please ensure that your state is selected in the dropdown menu above to find the State Office contact information and speak to a Business Programs Specialist before attempting to fill out any forms or applications. This will save you valuable time in your application.
You may also access the Code of Federal Regulations, 7 CFR, Part 4280.
There are no other additional requirements at the national level. If there are additional state-specific requirements they will be listed above.
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Indiana State Office 5975 Lakeside Boulevard Indianapolis, IN 46278 Rochelle K. Owen Business Program Director email@example.com (317) 295-5767 Sherry Hardaway Indiana State Business Program Technician firstname.lastname@example.org (317) 295-5766 Crawfordsville Area Office 2032 Lebanon Road Crawfordsville, IN 47933 John Anthrop Business Program Specialist email@example.com (765) 362-0405 Ext. 108 Point of contact for Intermediary Relending Program Loans, Rural Micro-entrepreneur Assistance Program, Rural Cooperative Development Grants, Agriculture Innovation DemonstrationCenters, Socially Disadvantaged Groups Grants, and Value - Added Producer Grants Columbia City Area Office 788 West Connexion Way, Suite E. Columbia City, IN 46725 Anthony Kirkland Northern Business Program District Director firstname.lastname@example.org (260) 244-6266, Ext. 114 Point of contact for Business and Industry Guarantees Jamie Wilson Business Program Specialist email@example.com (260) 244-6266, Ext. 117 Point of contact for Energy Programs Knox Area Office 1410 South Heaton Street Knox, IN 46534 Melissa Christiansen Business Program Specialist firstname.lastname@example.org (574) 249-7014 Point of contact for Rural Business Development Grants and Rural Economic Development Loans and Grants