Funding Agency

USDA - Rural Development - Business and Industry (B&I) Guaranteed Loan Program


Funding Agency

USDA - Rural Development - Business and Industry (B&I) Guaranteed Loan Program


Federal Agency

USDA - Rural Development - Business and Industry (B&I) Guaranteed Loan Program

Agency Overview

USDA Rural Development is committed to helping improve the economy and quality of life in rural America. The agency offers loans, grants and loan guarantees to help create jobs and support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure.

Program Name

USDA - Rural Development - Business and Industry (B&I) Guaranteed Loan Program


Program Overview

The Business and Industry program bolsters the availability of private credit by guaranteeing loans for rural businesses. This program improves the economic health of rural communities by increasing access to business capital through loan guarantees that enable commercial lenders to provide affordable financing for businesses in eligible rural areas.

Agency Contact

Various by state. See agency website.

Program Purpose
  • Broadband Financing
Eligible Recipients
  • Higher Education Institutions
  • State and Local Governments
  • Commercial/Internet Service Providers
  • Electric Utilities/Co-ops
  • Financial Institutions

Agency Contact

Various by state. See agency website.

FY2020 Funding Amount

$1,356,000

Additional Information

An additional $20.5 million provided under the CARES Act

Brief Program Description

The Business and Industry program bolsters the availability of private credit by guaranteeing loans for rural businesses. This program improves the economic health of rural communities by increasing access to business capital through loan guarantees that enable commercial lenders to provide affordable financing for businesses in eligible rural areas.

Agency
  • Department of Agriculture

Funding Name USDA - Rural Development - Business and Industry (B&I) Guaranteed Loan Program

Funding Image

USDA Rural Development