Rural Economic Development Loan and Grant
Agency: Rural Business-Cooperative Service
- 10.854 -- Rural Economic Development Loans and Grants
Closed opportunityLast Updated: May 13, 2026
View version history on Grants.gov
Description
The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay the lending utility directly. The utility then is responsible for repayment to USDA.
USDA provides grants to local utility organizations which use the funding to establish Revolving Loan Funds (RLF). Loans are made from the revolving loan funds to projects that will create or retain rural jobs. When the revolving loan fund is terminated, the grant is repaid to USDA.
The Agency anticipates the following maximum amounts per award: Loans - $2,000,000; Grants - $300,000.
Eligibility
Eligible applicants
Miscellaneous
- Other
Additional information
Grantor contact information
Description
Program Manager
Documents
No documents are currently available.
Link to additional information
Closed: June 30, 2023
Award
$--
Program Funding
40
Expected awards
$--
Award Minimum
$2,000,000
Award Maximum
Funding opportunity number:
RD-RBCS-23-REDLG
Cost sharing or matching requirement:
Funding instrument type:
Other
Opportunity Category:
Discretionary
Opportunity Category Explanation:
Category of Funding Activity:
Agriculture
Health
Business and commerce
Education
Community development
Regional development
Category Explanation:
History
Version:
2
Posted date:
August 31, 2022
Archive date:
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