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Agency: USDA Rural Development
Program: Rural Economic Development Loans and Grants
Program Description: The purpose of the program is to finance rural economic development and rural job creation projects that are based on sound economic and financial analyses. Loans and grants are made to Rural Utilities Service (RUS) electric and telephone borrowers who use the funds to provide financing for business and community development projects. Loans are provided to finance a broad array of projects including for-profit businesses. Grants are targeted to certain purposes such as community development assistance, education and training for economic development, medical care, telecommunications for education, job training or medical services, business incubators, and technical assistance. RUS borrowers may receive financing for grants purposed through either a grant to establish a revolving loan fund or a combination loan and grant.
Eligibility: Rural Utilities Service Electric and Telecommunication borrowers with outstanding loans, and not delinquent on loans, are eligible.
Funding Information: A maximum of $750,000 per loan application may be requested. Maturity for loans is a maximum of 10 years. Loan applications are scored on job creation potential, sustainability of projects, suitability to the area, diversification of employment in the area, amount of supplemental funds, relative income, and employment levels.
A maximum of $330,000 per grant application may be requested. Grant applications are scored on job creation potential, sustainability of projects, suitability of project to the area, diversification of employment in the area, amount of supplemental funds, and relative income, and employment levels.
Timelines: Normal turn-around time, for both loans and grants, is approximately 5 months from initial receipt of an application to a decision on whether a project will be funded.
Contact: |
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Roger Trindade
Rural Development Director
USDA Rural Development
3179 Bechelli Lane, Suite 109
Redding, CA 96002
Phn (530)246-5393 |
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Mike Colbert
Rural Development Manager
USDA Rural Development
204 W 12th Street, Suite E
Alturas, CA 96101
Phn (530)233-4615 |
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Sue Ladner
Rural Development Director
USDA Rural Development
65 Quinta Court, Suite D
Sacramento, CA 95823
Phn (916)682-8500 |
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Kevin Demers
Rural Development Manager
USDA Rural Development
215 Executive Ct. Suite B
Yreka, CA 96097
Phn (530)842-5774 |
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Paul Rice
Rural Development Director
USDA Rural Development
777 Sonoma Ave., Room 212
Santa Rosa, CA 95404
Phn (707)526-6797 |
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Debbie Coggins
Rural Development Manager
USDA Rural Development
5630 South Broadway
Eureka, CA 95503
Phn (707)443-6714 |
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Ed Amen
Rural Development Manager
USDA Rural Development
3179 Bechelli Lane, Suite 109
Redding, CA 96002
Phn (530)246-5393 |
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Mary Curll
Rural Development Manager
USDA Rural Development
132 N. Enright, Suite C
Willows, CA 95988
Phn (530)934-4616 |
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Keith Johnson
Rural Development Manager
USDA Rural Development
2 Sutter Street, Suite B
Red Bluff, CA 96080
Phn (530)527-1013 |
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Gilbert Naong
Rural Development Manager
USDA Rural Development
405 Orchard Avenue
Ukiah, CA 95482
Phn (707)462-2916 |
