Overview
This program provides loan guarantees to assist local industry in rural communities of less than 50,000 people. The program enables financial institutions to make loans -beyond their capital limitations. The program is most frequently used for projects over $1,000,000. SBA programs are more frequently used for smaller loans.
For Innovative Technologies
For certain businesses using Innovative technologies there is another program that may apply if the business is also creating jobs. The Rural Economic Development Loans and Grants (REDLG) program is available to qualified Rural Utilities Service borrowers.
Review Criteria
Job creation, supplemental funding and project feasibility are key review criteria for the REDLG program.
