Agency
Program Site
Description
This program bolsters the existing private credit structure through the guaranteeing of loans for rural businesses, allowing private lenders to extend more credit than they would typically be able to.
Eligibility
Who may apply for this program? Lenders with the legal authority, sufficient experience and financial strength to operate a successful lending program. This includes: Federal or state-chartered banks, Savings and loans, Farm credit banks, Credit unions
What kind of businesses qualify for loan guarantees? For-profit businesses, Nonprofits, Cooperatives, Federally-recognized Tribes, Public bodies, Individuals.
Climate Change Component
Program bolsters the availability of private credit by guaranteeing loans for rural businesses. Rural communities depend on natural resources that will be affected by climate change. Business will need to respond to the effects of climate change and a loan guarantee can help support rural economies experiencing effects of climate change.