USDA Rural Economic Development Loan

Overview:

The Rural Economic Development Loans provide zero-interest loans to electric and telephone utilities financed by the Utilities Program, an agency of the United States Department of Agriculture, to promote sustainable rural economic development and job creation projects.

Eligible Applicants:

Zero-interest loans can be made, at the discretion of the Administrator of the Business and Cooperative Programs, to any Utilities Program electric or telephone utility that is not delinquent on any Federal debt or in bankruptcy proceedings.

Deadline:

Applications may be filed on any official workday at any Rural Development State Office.

Funding Available:

For information concerning the amount of funds available for zero-interest loans under the Rural Economic Development Loan program, as well as the maximum and minimum loan award size, please contact the Rural Development State Office servicing your State.

For complete information visit:

http://www.rurdev.usda.gov/rbs/busp/redl.htm