USDA encourages private investment in rural communitiesChristian Fernsby ▼ | September 1, 2020
United States Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Bette Brand announced that USDA is implementing the OneRD Guarantee Loan Initiative that will help lenders apply for loan guarantees to support rural businesses.
USDA Bette Brand
Ahead of Fiscal Year 2021, USDA is providing guarantee percentages, annual fees, periodic retention fees, and optional construction fees to help lenders apply for the Agency’s four flagship loan guarantee programs. These programs are:
Water and Waste Disposal Loan Guarantees Program;
Community Facilities Guaranteed Loan Program;
Business and Industry Guaranteed Loan Program; and
Rural Energy for America Guaranteed Loan Program. ■